Advance Purchase Agreement definition

means (a) an advance or deferred purchase agreement if the agreement is in respect of the supply of assets or services and payment in the normal course of business with credit periods which are normal for the relevant type of project contracts, or (b) any other trade credit incurred in the ordinary course of business.

Based on 39 documents

means (i) an advance or deferred purchase agreement if the agreement is in respect of the supply of assets or services and payment is due not more than ninety (90) calendar days after the date of supply, or (ii) any other trade credit incurred in the ordinary course of business.

Based on 38 documents

meansan advance or deferred purchase agreement if the agreement is in respect of the supply of assets or services and payment is due not more than one hundred twenty (120) calendar days after the date of supply; orany other trade credit incurred in the ordinary course of business.

Based on 6 documents

Examples of Advance Purchase Agreement in a sentence

More Definitions of Advance Purchase Agreement

means (i) an advance or deferred purchase agreement entered into by a Group Company if the agreement is in respect of the supply of assets or services and payment is due not more than ninety (90) days after the date of supply, or (ii) any other trade credit incurred in the ordinary course of trade of the relevant Group Company. For the avoidance of doubt, an Earn-Out Agreement shall not constitute an Advance Purchase Agreement.