Common use of Payment for Upgrades Clause in Contracts

Payment for Upgrades. Upgrades provided pursuant to Section 7.3 shall be valued at Accuray's list price. Institution shall pay for such Upgrades only if and when Institution exercises its purchase option under Section 10 below, and then at their respective depreciated values. The depreciated value of the Upgrades will be added to the Buyout Price listed in Schedule 3.

Appears in 2 contracts

Sources: Cyberknife G4 Placement Agreement, Cyberknife G4 Placement Agreement (Accuray Inc)