K2 Ph1 Minimum Commitment Sample Clauses

K2 Ph1 Minimum Commitment. (a) Unless otherwise agreed in writing between the Parent Parties, the Parent Parties shall, through FFL, make an initial investment to implement, using the K2 Ph1 Facility, a BiCS Technology Transition of up to 500 L/M in aggregate FFL production capacity to the BiCS Products generation known to the Parties as “BiCS8” and/or “BiCS10,” which investment shall be divided equally between the Parent Parties (the foregoing, as further described below, the “K2 Ph1 Minimum Commitment”). The specific number of L/M and product mix between “BiCS8” and/or “BiCS10” that will comprise the K2 Ph1 Minimum Commitment shall be discussed in good faith and agreed in writing by the Parent Parties as soon as practicable, with a target for reaching an agreement in writing on the foregoing by July 31, 2024. [***] [***] [***]