Colmek definition
Examples of Colmek in a sentence
As of the date hereof and pursuant to the acquisition agreement between the Coda Octopus (US) Holdings Inc, Colmek and the Selling Shareholders of Colmek, Coda Octopus (US) Holdings has pledged the Colmek Shares to the Selling Shareholders to secure the deferred consideration remaining and due to the Selling Shareholders of US$700,000.
Within the indicated (90) day period, Colmek will take the actions prescribed in FAR 52.242-15.
No news release in any way relating to Colmek or Seller concerning the purchase order shall be made by either party to any news media or to the general public without the prior approval of the other party.
Colmek need not accept any variation in quantity except as specified in this purchase order.
Colmek may recover by offset or otherwise any and all costs, expenses and damages paid, incurred or suffered as a result of or relating to holding, returning, replacing, correcting or rejecting defective or non-conforming goods or services.
Name of Holder in Warrant Certificate (if different from name of Holder of Warrants in form of Global Warrants): ________________________________ 3.
Seller will at all times maintain with reputable insurance companies comprehensive general liability insurance (including coverage for any liability under any Colmek purchase order and these terms and conditions) in the minimum amount of $2.0 million, or such other minimum amount specified in the relevant purchase order.
To the extent that supplies covered by this purchase order are proprietary to Colmek or to Colmek’s customer, Seller shall not manufacture or retain for the purpose of display, or otherwise, any more such supplies, or parts thereof, than are required to be delivered under this purchase order.
If, in connection with the performance of this purchase order, any property is furnished to Seller by Colmek or by the Government, Seller shall assume the risk of, and be responsible for, any loss, destruction of or damage of the property while in Seller’s possession or control except to the extent that this purchase order, with the prior approval of the Buyer and/or Government, provides for the relief of Seller from such liability.
Colmek may, in addition to any rights it may have by law, prepare for shipment and ship the supplies to Seller, require Seller to remove them, direct their correction in place or, with authorization by Seller, correct them and the expense of any such action, including transportation both ways, if any, shall be borne by Seller.