Common use of INSTALLATION AND REMOVAL Clause in Contracts

INSTALLATION AND REMOVAL. (i) RX agrees that it shall be responsible for the shipment, installation and, promptly following the end of the Term, the removal, of the Equipment, including parts therefor and/or Replacement Equipment (as hereinafter defined), at its sole cost and expense. RX agrees that time is of the essence with respect to this Agreement and the business of the Park is significantly affected by RX's ability to have the Equipment installed and operating on schedule and that the business, revenues and profits of the Park will be affected in a materially adverse manner if the Equipment is not ready (in good working order) for operation on the Commencement Date.

Appears in 4 contracts

Samples: License Agreement (Rx Technology Holdings Inc), License Agreement (Rx Technology Holdings Inc), License Agreement (Rx Technology Holdings Inc)

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