Automated Packaging Equipment Sample Clauses

Automated Packaging Equipment. In the event that Xxxxxx obtains automated packaging equipment in order to produce the forecasted volumes of Product, EKR agrees to fund a portion of the cost of the equipment up to [***] percent ([***]%) of the actual cost of the installed automated packaging equipment but not greater than [***] Dollars ($[***]), which shall be accounted for by a [***] ([***]) surcharge on each unit of Product sold until such balance due is paid off. In the event that the [***] Dollars ($[***]) has not been paid in full by December 31, 2014, EKR agrees to pay any remaining balance at such time. Xxxxxx shall retain title and risk of loss of such equipment. For the avoidance of doubt, the automated packaging line is not EKR designated equipment. Such equipment may be used by Xxxxxx for itself or for other third party customers. [***] Confidential portions of the exhibit have been omitted and filed separately with the Securities and Exchange Commission.
Sample 1
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Related to Automated Packaging Equipment

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