Common use of PURCHASES OF SENSORS Clause in Contracts

PURCHASES OF SENSORS. After MHW Approval Date, NK's minimum purchase of sensors from Aspect per year shall be[**] for each monitor resold to NK's customers. For the purpose of this provision, such one year period for the minimum purchase of sensors for each monitor shall separately commence on the first day of the month following the month when NK resells such monitor to NK's customers. To administer this provision, NK shall inform Aspect from time to time (but no less frequently than quarterly) of the names and addresses of hospitals purchasing monitors. The sensors purchased by NK at US[**] under Section 2(b)(ii) herein shall not be counted toward this minimum purchase of sensors. For the purpose of this provision, a "purchase" of sensors within a Contract Year shall mean paying Aspect for such sensors on or before the last day of such Contract Year.