Molds Clause Samples
The "Molds" clause defines the rights and responsibilities of the parties regarding the ownership, use, and maintenance of molds used in the manufacturing process. Typically, this clause specifies whether the buyer or supplier owns the molds, who is responsible for their upkeep, and under what conditions the molds may be used for other customers or returned. For example, it may require the supplier to store molds securely and restrict their use to the buyer’s products only. The core function of this clause is to prevent disputes over mold ownership and usage, ensuring both parties understand their obligations and protecting proprietary designs or tooling investments.
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Molds. Schedule 3.5 contains a true, correct and complete list of all Molds owned or used by Seller in connection with the manufacture or marketing of Products and sets forth the current location of each. The Molds constitute all such devices or similar items necessary for the manufacture or marketing of Products on a basis consistent with the kind, quality and quantities previously manufactured and marketed by Seller. All Molds are in good operating condition, reasonable wear and tear excepted, and are suitable for the manufacture of the Products.
Molds. Promptly upon completion of the Boards, Straight Line shall transfer the Board molds, designs, specifications and related tooling, if any, to Ride in whole and complete condition, normal wear and tear excepted.
Molds. TBC will furnish all molds, plates and rings required for the production of Tires, unless otherwise agreed to in writing. Cooper will furnish all mold equipment required to produce Tubes. TBC shall be responsible for all costs involved in mold preparation or modification, in those molds owned by TBC, necessary to comply with government laws, rules, standards and regulations. COOPER shall keep all molds, rings and plates in good operating cond▇▇▇▇▇, normal wear and tear excepted. COOPER shall be responsible only for its negligence in the use and h▇▇▇▇▇▇g of said molds, rings and plates. COOPER shall insure all molds, rings and plates against loss by fire, ▇▇▇▇tning and perils covered by extended coverage insurance and endorsements.
Molds. Straight Line shall transfer the molds as provided in paragraph 6 of the Letter Agreement, including the tooling therefor, upon payment by Ride in the amount of $4,300.
Molds. Omrix shall acquire and Medimop shall sell and deliver to Omrix the molds required to produce the Device (exclusive the Mix-Ject) (the "MOLDS") the particulars of which are detailed in EXHIBIT A attached hereto. Within 15 days of signing of this agreement, Medimop undertakes to transfer to Omrix the Molds (Ex Works - Incoterms 2000) in their form and shape they will be at the time of actual transfer ("as is") and no warranty shall be given to the Molds other than ownership by Medimop, provided always that Medimop will not use the Molds for any other client except for the benefit of Omrix. The agreed upon price for the Molds is US dollars $***. Omrix shall make payment of such sum to Medimop's attorney (adv. Nukrai), in trust upon signing this Agreement, and the trustee will transfer the funds to Medimop upon the delivery of the Molds to Omrix as aforesaid per Omrix notice to the trustee.
Molds. 9.1 ▇▇▇▇▇▇▇▇▇ Honickman, Inc. shall purchase and own molds used to produce Bottles, including any replacement parts. The costs of such sets shall be amortized over twenty-four (24) months as set forth in Exhibit C. In the event that any cost of such sets remains unamortized pursuant to Exhibit ▇. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, Inc. shall invoice ▇▇▇▇▇ Soda Co. for such cost. Notwithstanding the foregoing, if this Agreement is terminated based upon a material breach or other fault or action of ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, Inc., then ▇▇▇▇▇ Soda Co.’s obligation to make further payments for mold sets shall cease upon such termination. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, Inc. shall maintain the molds and all associated equipment in good working order, and perform all necessary maintenance on, repairs to and replacement of, if necessary, the molds, all at its sole expense during the Term. ▇▇▇▇▇▇▇▇▇ Honickman, Inc. shall use all molds prepared in connection with this Agreement exclusively for the manufacture and production of Bottles for ▇▇▇▇▇ Soda Co. hereunder and for no other purpose.
(a) In the event that this Agreement shall be terminated based upon a material breach or other fault or action of ▇▇▇▇▇, its mold payment obligations shall be accelerated and shall all be due, owing and paid as of the date of such termination.
(b) ZH represents and warrants that all amounts due and owing to ▇▇▇▇-Illinois and any other third party for the molds described in Exhibit C have been paid in full. So long as ▇▇▇▇▇ fulfills its obligations under this Agreement with respect to the molds, ZH agrees to indemnify ▇▇▇▇▇ against and hold harmless ▇▇▇▇▇ from any and all claims by ▇▇▇▇▇-Illinois and any other third party with respect to payment for the molds.
9.2 If ▇▇▇▇▇ Soda Co. requests ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, Inc. to produce new proprietary design molds during the Term, and ▇▇▇▇▇▇▇▇▇ Honickman, Inc. agrees to produce such molds, the parties shall enter into a written agreement regarding the production of such molds and ▇▇▇▇▇ Soda Co.’s payment to ▇▇▇▇▇▇▇▇▇ Honickman, Inc. for the costs incurred to develop and produce such molds.
Molds. Seller will use its best efforts to enable Buyer to take possession of all injection molds at the Closing, including such injection molds as constitute Excluded Assets, and will take all necessary steps as are reasonable, including such steps as Buyer may reasonably request, to allow Buyer's use of such molds in the continuing operations of the Business from the date of the Closing.
Molds. Following Closing, Seller may purchase from Purchaser, goods produced by [*****] not to exceed sixty (60) units in the aggregate. Such purchases shall terminate upon commercialization of any product by Purchaser using any [*****] or at the end of the Transition Services Agreement, whichever comes first. Such molds will include part numbers [*****] and will be limited to any part number existing as of the date of this Agreement.
Molds. All molds used by the Business in the manufacturing of products which are the subject of the Lid Supply Agreement referred to in Section 6.2(d)(i);
Molds. Anchor shall purchase on behalf of Boston Beer such molds to manufacture the Bottles in accordance with the Specifications, provided that Boston Beer has given its prior consent to such purchase, which consent shall not be unreasonably withheld or delayed. Boston Beer will have title to all molds for the Bottles throughout the Term. Upon early termination by Boston Beer as a result of a material breach of the Agreement by Anchor, Anchor shall deliver to Boston Beer all such molds at no cost to Boston Beer. Upon early termination of this Agreement by Anchor as a result of a material breach of this Agreement by Boston Beer or expiration of this Agreement or in the event of the cessation of the use of a mold as a result of a change in Specification by Boston Beer, Boston Beer shall reimburse Anchor for the unamortized value of the useful life such mold(s) (which is currently the production of [ * ] gross bottles) and Anchor shall make such mold(s) available to Boston Beer at its Plant for pick-up.