Research and Development Facility Sample Clauses
Research and Development Facility defined as buildings and structures, including fixed machinery and equipment, used or to be used primarily for research or experimentation to improve or develop new tangible goods or materials, the production processes of such, or current technology in biomedicine, electronics or pre-commercial emerging industries.
Research and Development Facility. The Transferee grants to the Transferor, for the 90 day period immediately subsequent to the Closing, the right to occupy, rent free, the Research and Development Facility and use the related office equipment and supplies in accordance with the past custom and practice of the employees of the Transferor which occupied the Research and Development Facility prior to the date of this Agreement and which are employed by the Transferor subsequent to the Closing.
Research and Development Facility. The Seller will transfer to Purchaser and install and calibrate in accordance with industry practices research and development equipment, will license related software, and will transfer copies of tool histories, development records and laboratory records pertinent to the LWD and related MWD tools transferred to Purchaser by Seller, all of which shall be included on Schedules 2.01(a)
(1) 2.01(a)(4)(b) or 2.01(a)