Device Deposit definition

Device Deposit means the amount required to be deposited by the Merchant with the Service Provider in case a Device(s) is taken on lease by the Merchant.
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Examples of Device Deposit in a sentence

  • KLSI agrees to deposit all of the Deliverables (excluding First Articles) specifications, technology and other materials which would be needed by a Second Source silicon provider to manufacture the Components (the "Second Source Device Deposit") into an escrow account held by an escrow agent, mutually agreed upon by the parties.

  • KLSI acknowledges that in addition to the Second Source Device Deposit escrow account which is for the benefit of Immersion, Immersion's customers (or the Affiliates) may request Immersion to escrow the Specification for the Components for the benefit of Immersion's customers (or the Affiliates).

  • If any of the events described in (i), (ii) or (iii) above occur and are not cured within the thirty (30) day notice period described in Section 2.2.6 ("Trigger Event Process"), such event will be deemed to be a "Trigger Event" under the Second Source Device Deposit Escrow Agreement.

  • The Second Source Device Deposit can be accessed by Immersion for delivery to a Second Source silicon provider, of Immersion's choice, upon the occurrence of certain events ("Trigger Events").

  • The Device Costs reduced by the Device Deposit is referred to as the "Remaining Device Costs".

  • The required deposit that must be paid when Parties submits the Device Purchase Order to the third party manufacturer ("Device Deposit") shall be paid one-half by Lifted and one-half by ▇▇▇▇▇▇ via wire transfers to such third party manufacturer, and each Party shall promptly email to the other Party evidence of the completion of its wire transfer.

  • The Second Source Device Deposit will be released by the escrow agent to Immersion for delivery to a Second Source silicon * Certain information on this page has been omitted and filed separately with the Commission.