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 ?
Under the terms of the purchase agreement, Aspire has made an initial purchase of USD 1m of Remark's common stock at USD 4.
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.