Demo Unit Sample Clauses

The Demo Unit clause defines the terms under which a product or equipment is provided to a customer for demonstration purposes. Typically, this clause outlines the duration of the demo period, the responsibilities for care and maintenance of the unit, and the conditions for its return or potential purchase. By clearly specifying these terms, the clause helps prevent misunderstandings regarding ownership, liability for damage, and the obligations of both parties during the demonstration period.
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Demo Unit. To assure adequate sales support, Distributor agrees, upon the effective date of this Agreement, to Purchase the Products shown in Exhibit C attached hereto. The special purchase price set forth in Exhibit C is for the Products to be used by the Distributor solely as demonstration units. The Products purchased by Distributor as demonstration units may be sold to end users by the Distributors twelve (12) months after the delivery date, provided Distributor replace them by purchasing an additional unit of the same Product at the current Purchase Price.
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Demo Unit. Upon payment in full of a pro forma invoice (which shall not exceed $10,000) for supply of a demo unit, the unit will be dispatched for delivery within thirty (30) days. (the “Demo Phase”), OM will complete the manufacturing and delivery to PHYTOCHEM of a portable demo unit of the Phytoextractor (the “Demo Unit”) consistent with the general specifications as set forth on Exhibit C.
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Related to Demo Unit

  • Unit The fractional undivided interest in and ownership of an individual Trust Fund equal initially to 1/(the number of Units of fractional undivided interest outstanding) provided in the Statement of Condition in the Prospectus for the Trust Fund, the denominator of which fraction shall be (1) increased by the number of any additional Units issued pursuant to Section 2.03 hereof and (2) decreased by the number of any such Units redeemed as provided in Section 5.02. Whenever reference is made herein to the "interest" of a Unitholder in the Trust Fund or in the Income or Capital Accounts, it shall mean such fractional undivided interest represented by the number of Units, whether or not evidenced by a Certificate or Certificates, held of record by such Unitholder in such Trust Fund.

  • The FTPS Unit Servicing Agent shall be indemnified ratably by the affected Trust and held harmless against any loss or liability accruing to it without negligence, bad faith or willful misconduct on its part, arising out of or in connection with the operations of the Trust, including the costs and expenses (including counsel fees) of defending itself against any claim of liability in the premises, including without limitation any loss, liability or expense incurred in acting pursuant to written directions to the FTPS Unit Servicing Agent given by the Trustee or Depositor from time to time in accordance with the provisions of this Indenture or in undertaking actions from time to time which the FTPS Unit Servicing Agent deems necessary in its discretion to protect the Trust and the rights and interests of the FTPS Unit holders pursuant to the terms of this Indenture.

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  • Bargaining Unit The term "bargaining unit" as used in this Agreement refers to the bargaining unit defined in Article 1, Recognition.