Equivalent Product Sample Clauses

The Equivalent Product clause defines the criteria under which a substitute or alternative product can be accepted in place of the originally specified item. In practice, this clause outlines the standards or characteristics that a replacement product must meet to be considered functionally and qualitatively similar to the original, such as matching performance specifications or regulatory compliance. Its core function is to provide flexibility in sourcing or supply, ensuring that contractual obligations can still be met even if the exact product is unavailable, while maintaining the required quality and suitability for the intended purpose.
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Equivalent Product. For purpose of evaluation where an equivalent product is being furnished, bidder must indicate any variation to our specifications no matter how slight. If no variations are indicated, it will be construed that the bid fully complies with our specifications.
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Equivalent Product. In the event Seller fails to deliver ordered Products to Buyer for *** consecutive business days beyond any Purchase Order Delivery Date, Seller shall supply, at no cost to Buyer, equivalent commercially available ophthalmic HA products acceptable to Buyer within *** business days of Buyer's request until the outstanding purchase orders are fulfilled.
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Equivalent Product. Quotations will be accepted for consideration on any make or model that is equal or superior to the receptacles specified. Decisions of equivalency will be at the sole interpretation of the City’s Engineering Operations Department. A blanket statement that equipment proposed will meet all requirements will not be sufficient to establish equivalence. Original manufacturer's brochures of the proposed unit are to be submitted with the Quotation.
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Equivalent Product. Quotations will be accepted for consideration on any brand or model that is equal or superior to the equipment specified. Decisions of equivalency will be at the sole interpretation of the Desktop, Mobility & Telecom Manager of the City’s Corporate Services Department. A blanket statement that equipment proposed will meet all requirements will not be sufficient to establish equivalence. Original manufacturer's brochures of the proposed unit are to be submitted with the Quotation. All modifications made to the standard production unit described in the manufacturer's brochures must be certified by the manufacturer and submitted with the Quotation, or the Quotation may be rejected. Contractor must be prepared to demonstrate a unit similar to the one proposed, if requested. RFQ Title: Purchase of Wide Format Printers RFQ No: 1220-040-2017-103 CONTRACTOR TO: City Representative: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, Purchasing Manager Address: Surrey City Hall Finance & Technology Department – Purchasing Section Reception Counter, 5th Floor West ▇▇▇▇▇ – ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇.▇., ▇▇▇ ▇▇▇ Telephone: ▇▇▇-▇▇▇-▇▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇ 1. The Contractor offers to supply to the City of Surrey the Goods for the prices plus applicable taxes as follows:
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Related to Equivalent Product

  • Combination Product The term “

  • Combination Products If a LICENSED PRODUCT is sold to any third party in combination with other products, devices, components or materials that are capable of being sold separately and are not subject to royalties hereunder (“OTHER PRODUCTS,” with the combination of products being referred to as “COMBINATION PRODUCTS” and the Other Product and Licensed Product in such Combination Product being referred to as the “COMPONENTS”), the NET SALES of such LICENSED PRODUCT included in such COMBINATION PRODUCT shall be calculated by multiplying the NET SALES of the COMBINATION PRODUCT by the fraction A/(A+B), where A is the average NET SALES price of such LICENSED PRODUCT in the relevant country, as sold separately, and B is the total average NET SALES price of all OTHER PRODUCTS in the COMBINATION PRODUCT in the relevant country, as sold separately. If, in any country, any COMPONENT is not sold separately, NET SALES for royalty determination shall be determined by the formula [C / (C+D)], where C is the aggregate average fully absorbed cost of the Licensed Product components during the prior Royalty Period and D is the aggregate average fully absorbed cost of the other essential functional components during the prior Royalty Period, with such costs being determined in accordance with generally accepted accounting principles. To the extent that any SUBLICENSE INCOME relates to a COMBINATION PRODUCT or is otherwise calculated based on the value of one or more licenses or intellectual property rights held by the COMPANY, an AFFILIATE or SUBLICENSEE, COMPANY shall determine in good faith and report to THE PARTIES the share of such payments reasonably attributable to COMPANY’s or such AFFILIATE’s sublicense of the rights granted hereunder, based upon their relative importance and proprietary protection, which portion shall be the SUBLICENSE INCOME. THE PARTIES shall have the right to dispute such sharing determination in accordance with the dispute provisions of the AGREEMENT.

  • Licensed Product The term “Licensed Product” shall mean any product (a) the manufacture, use, importation, sale or offer for sale of which would, in the absence of the license granted by this Agreement, infringe a Valid Claim of any of the Licensed Patent Rights, or (b) that is comprised of, utilizes or incorporates Licensed Biological Materials, or (c) that is discovered, developed or made using a Licensed Process.

  • RE-WEIGHING PRODUCT Deliveries are subject to re- weighing at the point of destination by the Authorized User. If shrinkage occurs which exceeds that normally allowable in the trade, the Authorized User shall have the option to require delivery of the difference in quantity or to reduce the payment accordingly. Such option shall be exercised in writing by the Authorized User.

  • Net Sales The term “