Common use of Purchasing Policy Clause in Contracts

Purchasing Policy. Purchases shall be made only at reasonable costs pursuant to the "prudent buyer" principle. Hanover is not a merchant, as that term is defined in the Uniform Commercial Code, and makes no warranty, express or implied, including, without limitation, that of fitness for a particular purpose, for any item purchased for the administration of the Business or on behalf of OEC. Hanover shall make available to OEC the benefit of any purchasing discounts available to Hanover.