Common use of Interim Replacement Clause in Contracts

Interim Replacement. During the pendency of any dispute concerning the conformity of a shipment of NanoKans to the NanoKan Specifications, IRORI shall promptly replace the shipment under dispute, at the request of RPR. Such replacement NanoKans shall be ordered in accordance with Section 7.3 and shall be invoiced by IRORI and paid for by RPR at the same price as the rejected shipment of NanoKans was invoiced. *** Portions of this page have been omitted pursuant to a request for Confidential Treatment and filed separately with the Commission.

Appears in 2 contracts

Sources: Strategic Alliance Agreement (Discovery Partners International Inc), Strategic Alliance Agreement (Discovery Partners International Inc)