purchase agreement

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Purchase agreement

Used in connection with project financing; an agreement to purchase a specific amount of project output per period.

Purchase Agreement

1. An agreement between a buyer and a seller in which the buyer agrees to buy a good at a certain price at regular intervals for a given period of time.

2. See: Sale.

purchase agreement

See contract for purchase or sale.
References in periodicals archive ?
The Purchase Agreement is subject to termination by Teksid Luxembourg in the event the Supervisory Board of Bavaria AG does not authorize and approve certain aspects of the transactions contemplated by the Purchase Agreement on or before September 15, 2007.
Bondholders take direct performance risk of both the swap counterparty and the forward purchase agreement provider.
The facts are distinguishable from the instant case, however, because X was successful in obtaining a new purchase agreement just two weeks after the cancellation of escrow on the 1996 purchase agreement.
Of such amount, $882,500 will be paid at closing (together with interest on a portion thereof accrued prior to closing), and the remainder of $852,500 will be paid one year from the date of closing of the purchase agreement, together with interest accrued at the rate of 8% per annum, subject to earlier installments thereof equal to 45% of net cash generated by the business acquired commencing six months after closing.
The closing date of the Purchase Agreement is anticipated to occur on or around December 31, 2006.
TV Bingo will also be entitled, upon closing under the purchase agreement, to additional fees in the amount of $174,000 for services rendered prior to exercise of the Option.
This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Southwest's ability to finance and consummate the transactions contemplated in the Asset Purchase Agreement, Pinnacle's ability to finance and consummate its acquisition of CCRI stock, and the anticipated benefits to Southwest from the acquisition and operation of the casinos.
However, RACI's ability to make the remaining portion of the payment is contingent upon its ability to generate sufficient revenues, or a decision by the Iowa Supreme Court on Stanfield that the lease purchase agreement between Polk County and RACI and the county's payments under that agreement are valid.
It should also be noted that payment default of principal and interest on the bonds would not result in a termination of the purchase agreement.
On July 24, 1992, Sheffield delivered a claim to the escrow agent for the return of all of the 208,876 shares of common stock held by the escrow agent on the grounds that the trademark purchase agreement did not close as a result of a failure of the part of LeRoi and its affiliates to meet certain conditions to closing.
has entered into a definitive purchase agreement with Russ Togs, Inc.