Production Equipment. Seller at its own expense must furnish, keep in good condition and replace when necessary, all equipment, dies, tools, gauges, jigs, fixtures, patterns or other items necessary for the production of the Goods (the “Production Equipment”). Buyer reserves the right to take possession of and title to any Production Equipment that is special for the production of the Goods, unless the Goods are standard products of Seller, or if substantial quantities of like Goods are being sold by Seller to others.
Production Equipment. Production Equipment includes all equipment required for the fabrication of the Hoku Membrane™ in accordance with this Agreement, including but not limited to hot presses, injection molders, and mixers.
Production Equipment. Seller will furnish, keep in good condition, and replace when necessary, all machinery and equipment, including related tooling, jigs, dies, gauges, fixtures, molds, patterns, and other accessories, required for the production of Goods covered by this Contract (collectively, “Production Equipment”). Seller will insure all Production Equipment with fire and extended coverage insurance for its full replacement value. In addition to Buyer’s rights with respect to Buyer’s Property (as defined below), Seller grants Buyer an irrevocable option to take possession of, and title to, free and clear of all liens or other encumbrances, all or any part of the Production Equipment that is specially designed or outfitted for the production of the Goods covered by this Contract and is not used to produce goods that are the standard stock of Seller and are then being sold by Seller to other customers. To the extent Buyer elects to take title to any Production Equipment that is Seller’s property, Buyer will, within forty-five (45) days following delivery of such Production Equipment to Buyer, pay to Seller the lower of: (a) the net book value of such Production Equipment (i.e., actual cost less amortization), or (b) then current fair market value of such Production Equipment, in each case less any amounts Buyer has previously paid to Seller on account of such Production Equipment. Xxxxx’s right to exercise the foregoing option is not conditioned on, among other things, Seller’s breach, Xxxxx’s termination of this Contract, or payment of any other amounts due under this Contract. If Buyer and Seller do not agree on the amount to be paid to Seller for any Production Equipment under this Section 17, Buyer and Seller will work to resolve the disagreement in good faith, but Xxxxx will nonetheless have the right to take immediate possession of such Production Equipment upon payment of the undisputed amount (net of any amounts due to Buyer) to Seller, with any additional amounts owed to Seller to be paid promptly upon resolution of the disagreement.
Production Equipment. In the event that Licensee purchases any of the Production Equipment excluding the molds and dies from any third party, Licensee agrees that in order for Licensor to properly provide Technical Assistance to Licensee pursuant to this Agreement, Licensee shall purchase such Production Equipment only in accordance with the specifications therefor that are given to Licensee by Licensor. Any such purchases shall be subject to the prior approval (which shall not be unreasonably withheld) by Licensor of the actual specifications, function or performance of such Production Equipment that may be purchased. As for the molds and dies, the Licensor provides the specification of the Components to be manufactured with such molds and dies, and the Licensee shall purchase the molds and dies at its sole discretion and responsibility.
Production Equipment. MCD shall provide the Company with a list of Vendors who will develop the molds, tooling, dies and casts to produce component parts for the manufacture of the Motorcycle Components and Engines. This Production Equipment shall be used by the company, any affiliate of the Company or subcontractors for the sole and exclusive benefit of the Company. If the Company desires to produce said engines in North America, MCD will deliver all technical information needed to produce said engines to the appointed manufacturer.
Production Equipment. The equipment shall be inspected and tested in accordance with the KIV-7HSB Integration and Operations Manual and the Contract. (End of Clause)
Production Equipment. The operator shall maintain all production equipment in good condition.
Production Equipment. All Nuo owned Production Equipment set forth on Exhibit B. For purposes of clarification, and notwithstanding the foregoing, the Transferred Assets do not include (i) any Intellectual Property Rights (as such term is defined in the License Agreement) or (ii) any right, title or interest in or to the Deerfield Assumed Rights and Assets. Transferred Assets do include (i) All existing Products, whether known or unknown at time of the Agreement (ii) All Nuo owned Production Equipment, whether known and unknown at the time of the Agreement. Nuo’s obligations related to the Transferred Assets unknown at the time of this Agreement are set forth in Section 3. The parties further acknowledge and agree that the Transition Services Agreement remains in effect through January 15, 2017 and thereafter Nuo shall have no further obligations related to performing services under the Transition Services Agreement or the License Agreement.
Production Equipment. New Power Filter; Standard paper drawer(s); Standard paper capacity; Duplex; and Network connectivity. Group D – Single-function Printers New Power Filter; Must include an inkjet, light emitting diode (LED), or laser print engine; Standard paper drawer(s); Standard paper capacity; and Network connectivity.
Production Equipment. Unless otherwise stated on the purchase order, Seller at its own expense must furnish, keep in good condition and replace when necessary, all equipment, dies, tools, gauges, jigs, fixtures, patterns, or other items necessary for the production of the Goods (the “Production Equipment”). Buyer reserves the right to take possession of and title to any Production Equipment that is special for the production of the Goods, unless the Goods are standard products of Seller, or if substantial quantities of like Goods are being sold by Seller to others. Change in Specifications Buyer reserves the right to make changes in design and specifications for any Goods. The difference in price or time for performance resulting from such changes will be equitably adjusted and the purchase order will be amended accordingly. If necessary, Xxxxx agrees to pay for the reasonable and actual costs of changes to the Production Equipment to effect design or specification changes ordered by Buyer.
