MINIMUM PURCHASE

Example Definitions of "MINIMUM PURCHASE"
MINIMUM PURCHASE. The number of Systems required to be purchased by GDF during each period, as set forth in Exhibit 1.11 to this Agreement. The initial prices at which the Systems shall be sold to GDF are set forth on Exhibit 1.11 hereto. If, at the conclusion of any such period, GDF has failed to complete the purchase of at least half the minimum number (which will be rounded down to the next lower whole number only for year 2001) of Systems to be purchased by it during such period, GDF shall immediately submit... a firm order for the purchase of the number of additional Systems needed to bring its purchases up to at least half the minimum number of units to be purchased by it during such period. Although the completion of the purchase of said additional Systems shall occur during a later period, such additional Systems shall not be counted toward completion of the minimum number of Systems to be purchased by GDF during such later period. View More Arrow
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