Price Trigger Date definition
Examples of Price Trigger Date in a sentence
The “Price” is equal to (i) during the period commencing on the Effective Date and continuing until the day immediately before the Price Trigger Date, the Actual Monthly Costs plus or minus any applicable Monthly True-Up; and (ii) commencing on the Price Trigger Date, the sum of (A) the Recipe Ingredient Cost; (B) the NPI Product Price; (C) the Fulfillment Cost; (D) the Annual Baseline PTGA Fee; (E) the EOL Quarterly Surcharge; and (F) the FR Margin.
If the Floor Price Trigger Date occurs on or after the Prepayment Start Date but before the one (1) year anniversary of the Purchase Price Date, then on the Floor Price Trigger Date and each calendar month thereafter, Lender will have the right to demand that Borrower pay the Mandatory Monthly Prepayment Amount in cash to Lender for such month with the entire Outstanding Balance being due and payable on the six (6) month anniversary of the Floor Price Trigger Date.
As soon as possible following the Effective Date but commencing no later than the Price Trigger Date in any event, FreshRealm will, on a Recipe Ingredient-by-Recipe Ingredient basis as new Recipe Unit Products are rolled out, provide a bill of materials to Blue Apron for each Recipe Ingredient needed for the Recipe Unit Products within [**] following delivery of the SKUs included in each applicable week’s menu (“Initial BOM”).
The “Price Trigger Date” is September 1, 2023, provided, however, that the Parties may mutually agree in writing to a different Price Trigger Date at any time.
If the Floor Price Trigger Date occurs on or after the one (1) year anniversary of the Purchase Price Date, then on the Floor Price Trigger Date and each calendar month thereafter, Lender will have the right to demand that Borrower pay the Mandatory Monthly Prepayment Amount in cash to Lender for such month with the entire Outstanding Balance being due and payable on the Maturity Date.
Until the Price Trigger Date, the estimated price that FreshRealm will charge Blue Apron for Products and Services will be $[**]/Consumer Order in June, $[**]/Consumer Order in July, and $[**]/Consumer Order in August (“Estimated Order Price”).
If a Price Trigger Date occurs during the Potential Trigger Period, then, subject to the condition set forth in clause (ii) of the provision set forth opposite “Early Settlement” in each Confirmation, an Early Settlement shall occur simultaneously with respect to each Transaction, subject to Section 4(c) below.
Commencing on the Price Trigger Date, FreshRealm will charge Blue Apron the Recipe Ingredient Cost for Recipe Ingredients, as further set forth in this Section 7(a)(vi).
The “Margin” is (A) [**]% until the Price Trigger Date, (B) [**]% from the Price Trigger Date until [**], and (C) [**]% for the remainder of the Term.
Commencing on the Price Trigger Date, FreshRealm will charge Blue Apron the Fulfillment Cost for Fulfillment Services, as further set forth in this Section 7(a)(viii).