Minimum Purchase Obligation definition

Minimum Purchase Obligation means the quantities of Product described in Exhibit C.
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Minimum Purchase Obligation has the meaning given in Section 3.6
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Minimum Purchase Obligation means the greater of (a) such quantities of Product or API, subject to Section 2.4, described in Exhibit C and (b) [****] percent ([****]%) of Purchaser’s, or Purchaser’s designee’s, worldwide requirements of Product or API, subject to Section 2.4.
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Examples of Minimum Purchase Obligation in a sentence

  • The parties shall then meet and agree to the Annual Minimum Purchase Obligation of Strips that shall apply for each additional year.

  • If Distributor achieves its Minimum Purchase Obligation, then the spare parts package shall remain its own, free of charge.

  • In such an event, Purchaser shall have the option to cancel, at no charge, within 10 days from receipt of such advice the portion of the individual purchase order which Seller is unable to furnish and the entire amount of the cancelled portion shall be credited against the Annual Minimum Purchase Obligation.

  • The Minimum Purchase Obligation shall not apply to Products for use in Phase I or Phase II-A clinical trials with enrollments of less than one hundred (100) patients, only to the extent such Products are manufactured by CLIENT in facilities operated by CLIENT or by CLIENT’s academic research partners under written agreement therefor.

  • In addition to the Minimum Purchase Obligation, in each annual period following the fifth annual period of this Agreement, Buyer shall purchase from Seller an aggregate number of Engines at least equal to 25% of the total number of engines purchased by Buyer during such period (the "25% Requirement"), provided, however that during such annual periods Buyer shall nevertheless not purchase less than the Minimum Purchase Obligation.


More Definitions of Minimum Purchase Obligation

Minimum Purchase Obligation means as such term is defined [ * ]
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Minimum Purchase Obligation. A cumulative total target of 120,000 units of Slinger Tennis Ball Launchers as per Schedule 4 Slinger Equipment: FCA at the DSV Logistics Centre in Ghent, Belgium or FOB Xiamen, China
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Minimum Purchase Obligation has the meaning assigned to such term in the Supply Agreement. ​
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Minimum Purchase Obligation means * percent (*%) of the total quantity of Product purchased by Client for commercial sale in the Territory on an annual basis during the Term, subject to adjustment in accordance with Section 4.1; provided that, Client may designate up to *% of Product purchased on an annual basis as “safety stock” and such safety stock shall not be deemed to be “for commercial sale” for the purposes of calculating the percentage of the total quantity of Product purchased by Client hereunder.
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Minimum Purchase Obligation means the quantities of Product described in Exhibit C; provided, however, that if Purchaser exercises its right to conduct Independent Manufacturing (as defined in the License Agreement), Minimum Purchase Obligation shall thereafter mean, for each calendar year during the Term, the greater of (a) *** (***%) percent of Purchaser’s requirements of Product during such calendar year and (b) the quantities of Product described in Exhibit C.
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Minimum Purchase Obligation has the meaning ascribed to it in section 3. Performance Objectives.
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Minimum Purchase Obligation means * percent (*%) of the total quantity of Product purchased by Client for commercial sale in the Territory on an annual basis during the Term, subject to adjustment in accordance with Section 4.1; provided that, Client may
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