Common use of Initial Purchase of Equipment Clause in Contracts

Initial Purchase of Equipment. Upon execution of this Agreement, the Licensee shall purchase from the Licensor two Application Guns and one Pump Set installed in AirKrete Standard Package, and 8 AirKrete Units, at Licensor’s prevailing prices, for each demographic area comprising the Non-exclusive Territory defined in Schedule A. The terms of purchase shall be COD, the Licensor’s business premises at Weedsport, New York, or COD destination, at Licensor’s option; the cost of freight from Licensor’s business premises shall be borne by and shall be the liability of the Licensee. The provisions of this Paragraph shall not apply to any License which was executed by the Licensor under a prior written License Agreement, which prior Agreement is superseded, nullified and terminated pursuant to the provisions of Paragraph Termination of Prior Agreements hereof.

Initial Purchase of Equipment. Upon execution of this Agreement, the Licensee shall purchase from the Licensor two Application Guns and one Pump Set installed in AirKrete AK Standard Portable Cell Package, and 8 AirKrete AK Units, at Licensor’s prevailing prices, for each demographic area comprising the Non-exclusive Nonexclusive Territory defined in Schedule A. The terms of purchase shall be COD, the Licensor’s business premises at Weedsport, New York, or COD destination, at Licensor’s option; the cost of freight from Licensor’s business premises shall be borne by and shall be the liability of the Licensee. The provisions of this Paragraph shall not apply to any License which was executed by the Licensor under a prior written License Agreement, which prior Agreement is superseded, nullified and terminated pursuant to the provisions of Paragraph Termination of Prior Agreements 29 hereof.