Product Launch Expenditures Clause Samples

Product Launch Expenditures. Vendor may submit for Approval by each Brand’s CFO or his or her designee, written estimates for any new tooling or capital investment expenditures that are reasonably necessary for Vendor to support new product launches scheduled to occur within the period from [———-]21. In the event that the parties do not reach agreement to renew this Agreement upon expiration, Company agrees to reimburse Vendor for the unamortized costs of any Approved tooling and/or capital investment expenditure(s) actually incurred during such period, in an amount not to exceed [———-]22 total for all Brands, payable within [———-]23 of receipt of Vendor’s invoice for such expenditures with supporting documentation.