SWS Sample Clauses

SWS. The SWS are a ranking of Leisure Kart events organised by the PT and PO, open to all leisure drivers (hereinafter referred to as the Drivers) entered in the SWS, of all nationalities and aged 7 and above. These events generate different rankings (by track, country, international, racing engines, electric, indoor track as well as by age and sex). These rankings and the SWS International Final organized under the responsibility of a PT selected by SODIKART, are an intrinsic part of the SWS concept. Drivers entering the Leisure Kart events that are part of the SWS rankings must imperatively and exclusively drive Karts from the SODI RENTAL range, specially designed for Leisure Kart racing.
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SWS. INC. shall further develop and improve the multi-use transport container system for pooling applications for third party logistics by order of IFCO-US, in accordance with specifications agreed among the Parties from time to time. The multi-use transport container system is intended for use for fresh food, in particular fruits, vegetables, fish and meat.
SWS. INC. shall transfer intellectual property rights related to New Products or developments pursuant to this Agreement or on order of IFCO-US. For a period of ten years, however, IFCO-US will exclusively order any New Products from SWS-INC., only, subject to the terms and conditions of this Agreement.
SWS. INC. shall repurchase from IFCO-US all recyclable materials from defective or broken IFCO-Products produced by SWS-Inc. at a price (the "Repurchase Price") of 0.87 US$/kg, provided these recyclable materials can be used by SWS-INC. for the production of newly recycled products for IFCO- US or other customers of SWS-INC. The Repurchase Price shall be adjusted at any time, if the annual year average prices for the new raw material on the market falls more than 15% below or increases more than 15% over the Repurchase Price prior to such adjustment. In the event that SWS-INC. cannot use the material for the production of newly recycled products for IFCO-US or other customers of SWS-INC., then SWS-INC. shall repurchase such regenerative materials at the then highest available price quoted in the market for the relevant quantity in lieu of the price referred to herein above. This obligation of SWS-INC. to repurchase excludes and covers all other claims of IFCO-US concerning defects in quality against SWS-INC. with the exception of the rejection rights pursuant to Section C.VII.
SWS. SWS will not engage in any trade or business other than incident to its ownership of the limited partnership interests of Superior and Bradford and the membership interest of the general partner of Superior and Bradford.

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