Common use of Carry Forward Clause in Contracts

Carry Forward. If for any reason whatsoever Customer does not use Activities or engineering hours allocate to the Customer for the project (as defined in Exhibit A), Customer shall have the right to carry forward either the total unused Activities and total unused engineering hours, or up to […***…] Activity and engineering hour Allocation (as defined in Exhibit A), whichever is less, for a period of up to […***…] beyond the termination date of the Agreement. If the Carry Forward is not used within the […***…], any residual of the Carry Forward Allocation will terminate.

Appears in 3 contracts

Sources: Master Services Agreement (Bionano Genomics, Inc.), Master Services Agreement (BioNano Genomics, Inc), Master Services Agreement (BioNano Genomics, Inc)