Common use of OEM Agreement Clause in Contracts

OEM Agreement. Within ten (10) days of the Agreement Date, Cadence and the Company will agree upon the form a definitive OEM Agreement (as defined in Section 5.20). The OEM Agreement shall guarantee gross revenue of at least $4,000,000 per quarter for the Company during the term of the OEM Agreement and shall become effective for all purposes on or before December 15, 1998.

Appears in 1 contract

Sources: Merger Agreement (Cadence Design Systems Inc)

OEM Agreement. Within ten (10) days of the Agreement Date, Cadence and the Company will agree upon the form of a definitive OEM Distribution Agreement between the Company and Cadence under which Cadence would be authorized to distribute the Company's products (as defined in Section 5.20including BuildGates) on commercially reasonable terms (the "OEM AGREEMENT"). The OEM Agreement shall guarantee gross revenue of at least $4,000,000 per quarter for the Company during the term of the OEM Agreement and shall become effective for all purposes on or before December 15, 1998.

Appears in 1 contract

Sources: Merger Agreement (Cadence Design Systems Inc)