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 electricity to be delivered under the Power Purchase Agreement will be generated by around 13 MW of the Los Santos Solar II solar facility, which BVR is developing in Ahumada, Chihuahua.
The purchase agreement under negotiation is based on the letter of intent for purchase of the new tactical radios signed by Bittium and Finnish Defence Forces on 8 August 2017.
Upon execution of the equity purchase agreement, MabVax has agreed to issue 175,000 common stock to Triton Funds LLC, manager of Triton, to support the cost of the student-run fund.
Apex said that breached the purchase agreement contract.
The shares were sold without warrants and the purchase price was at a premium to the $2.70 closing market price on the day preceding the signing of the securities purchase agreements.
He said Landbank would also submit counter-offers to shareholders who already have share purchase agreements with the PSE while said agreements are not yet in effect.
The consummation of the transactions contemplated by the asset purchase agreement is subject to certain customary conditions as specified in the asset purchase agreement.
"The CRJ900 aircraft has proven to be cost efficient and operationally flexible in supporting our contract flying with Scandinavian Airlines and we look forward to the delivery of up to ten more via the firm purchase agreement announced today," said Pat Byrne, Executive Chairman, CityJet.
Under the terms of the purchase agreement, Aspire has made an initial purchase of USD 1m of Remark's common stock at USD 4.50 per share, which represents a 13.6% premium over the USD 3.96 closing stock price at 8 November 2016.
The company has agreed to sell shares of its common stock pursuant to the purchase agreement at a price per share equal to the closing price of the company's common stock on September 22, 2015, the most recent closing price at the time the company and the investors entered into the purchase agreement.
Thomas and Holly Klein signed a purchase agreement for the purchase of the Kalenburgs' home; the purchase price was $740,000.
Abdullah bin Abdulrahman Al-Hossein, ACWA Power has held a festivity on the occasion of the completion of signing a Power Purchase Agreement for Rabigh 2 for independent power production as well as the financing agreements between Saudi Electricity Company (SEM) and "Al-Mourjan for Electricity Production Company, the "project company".