take-or-pay contract
1Take-or-pay contract — A contract that obligates the purchaser to take any product that is offered to it (and pay the cash purchase price) or pay a specified amount if it refuses to take the product. The New York Times Financial Glossary …
2take-and-pay contract — An agreement that obligates the purchaser to take any product that is offered (and pay the cash purchase price) and pay a specified amount if the product is not taken. Bloomberg Financial Dictionary …
3take or pay — noun a) A take or pay contract; a take or pay provision in a contract. b) A contractual obligation either to take delivery of contracted goods or services or to make a specified payment …
4Take or Pay — A provision, written into a contract, whereby one party has the obligation of either taking delivery of goods or paying a specified amount. This is used in some contracts as a method to ensure that the transaction occurs. For example, a Banana… …
5take or pay — USA The provision in a contract between a seller and a buyer or, in a project finance transaction between the project company and the offtaker, that creates an unconditional obligation on the part of the buyer or offtaker to pay for a product or… …
6take-or-pay — USA The provision in a contract between a seller and a buyer or, in a project finance transaction between the project company and the offtaker, that creates an unconditional obligation on the part of the buyer or offtaker to pay for a product or… …
7Контракт обязательной покупки или выплаты неустойки (TAKE-OR-PAY CONTRACT) — Соглашение между покупателем и продавцом, которое обязывает покупателя производить безусловные платежи на оговоренные суммы в обмен на продукцию или услуги. Покупатель обязан выплатить минимально требуемые оговоренные платежи, даже в случае… …
8Pay to play — Not to be confused with Play or pay contract. Pay to play, sometimes pay for play, is a phrase used for a variety of situations in which money is exchanged for services or the privilege to engage (play) in certain activities. The common… …
9contract — con|tract1 [ kan,trækt ] noun count *** 1. ) a written legal agreement between two people or businesses that says what each must do for the other or give to the other: After six months she was offered an employment contract. A team led by… …
10CONTRACT — (Heb. חוֹזֶה, ḥozeh), in general law theory a legally binding agreement between two or more parties, in terms of which one party undertakes for the benefit of the other to perform or refrain from a certain act. As such, contract is the main… …
