Examples of Purchaser Product in a sentence
Enova and Purchaser agree that neither party shall publicly display at trade shows or otherwise promote, market, or sell any prototype Purchaser Product without the other party's prior written approval.
Promptly following the date (the Acceptance Date") on which Enova and Purchaser mutually agree that successful completion of the development and testing of Purchaser Product has occurred as contemplated by Appendix 3, then Purchaser shall engage in commercial production, sale and support of Products ("Commercial Production").
Except as specifically stated otherwise in this Agreement, Purchaser shall be responsible for all regulatory matters relating to or involving any Purchaser Product, including all decisions and actions with respect thereto.
If the quality of the Covered Products falls below a production-run quality, or fails to meet the requirements of the Purchaser Product Specifications, Purchaser shall use its best efforts to restore such quality.
The Covered Products shall be of a high quality and manufactured in conformity with the Purchaser Product Specifications..
Following the Commercial Launch of the Purchaser Product, each Purchase Order placed by Purchaser shall be binding upon the Seller to the extent that the Purchaser Order is equal to volumes contained in the portion of the Purchaser’s forecast that is binding upon the Purchaser as set forth above.
In addition, Commencing [***] after Commercial Launch of the applicable Purchaser Product, [***] of the volume of Products specified by Purchaser for the first calendar quarter of each forecast for the applicable Purchaser Product will be binding upon the Purchaser and Purchaser shall issue a Purchase Order for such binding amount.
Commencing on Purchaser’s Commercial Launch of a Purchaser Product, and on the first business day of each calendar quarter thereafter during the term of this Agreement, Purchaser shall provide Seller with a non-binding (except as provided herein) twelve-month rolling forecast of the Products and quantities it intends to purchase during the succeeding twelve-month period.
For purposes of this Agreement, Commercial Launch for a Purchaser Product shall mean Purchaser’s first sale of such Purchaser’s Product following regulatory approval to market the Purchaser Product.
Following the Commercial Launch of the Purchaser Product, Seller shall have a lead-time of at least [***] from the date of receipt of a Purchase Order through the date of delivery of the Products listed on the Purchase Order.