Common use of Lifetime Buy Rights Clause in Contracts

Lifetime Buy Rights. Supplier acknowledges its obligation to manufacture, supply and support the OEM Products without interruption for the Term. If, however, after the first year of shipment of such products, Supplier seeks to discontinue the supply or support of any OEM Product (a "Discontinued Product"), Supplier will give notice to Agilent no less than 6 months in advance of the last date the Discontinued Product can be ordered. After receipt of notice of discontinuance, Agilent may, at its option: a. Purchase from Supplier such quantity of the Discontinued Product as Agilent deems necessary for its future requirements; and b. Manufacture the Discontinued Product under the manufacturing rights granted in Section 11.2 below, without payment to Supplier of any royalties or other charges.

Appears in 1 contract

Sources: Oem Purchase Agreement (Nve Corp /New/)

Lifetime Buy Rights. Supplier acknowledges its obligation to manufacture, supply and support the OEM Products without interruption for the Term. If, however, after the first year of shipment of such products, Supplier seeks to discontinue the supply or support of any OEM Product (a "β€œDiscontinued Product"”), Supplier will give notice to Agilent no less than 6 months [**] in advance of the last date the Discontinued Product can be ordered. After receipt of notice of discontinuance, Agilent may, at its option: a. Purchase , purchase from Supplier on a one-time basis such quantity of the Discontinued Product as Agilent deems necessary for its future requirements; and b. Manufacture the Discontinued Product under the manufacturing rights granted in Section 11.2 below, without payment to Supplier of any royalties or other charges.

Appears in 1 contract

Sources: Oem Purchase Agreement (Cambridge Heart Inc)