Minimum Purchase Default

Minimum Purchase Default. Shall mean, as to any Product, the failure of AngioDynamics in a Contract Year to purchase the Minimum Quantities of such Product, provided that it shall not be a Minimum Purchase Default if such failure to purchase is to any degree due to (a) BIOLITEC's breach of this Agreement, (b) the failure of BIOLITEC to timely deliver sufficient Products complying with the Manufacturing Requirements to AngioDynamics or (c) either the... infringement of the BIOLITEC Technology by any person or entity or the infringement by the BIOLITEC Technology of the patent rights or other proprietary rights of any person or entity. View More