Discovery Tools System definition

Discovery Tools System means a system of hardware and related software for conducting Combinatorial Chemistry, which system has been developed and is ready for commercialization by Symyx in the sense of meeting its specifications, having appropriate documentation and being deliverable to and operable by a Third Party, in each case consistent with Symyx’s usual business practices for commercialization of tools.
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Examples of Discovery Tools System in a sentence

  • During fabrication of a Discovery Tools System for ExxonMobil or an ExxonMobil Affiliate, Symyx DTools shall provide to ExxonMobil or such Affiliate periodic (at least quarterly) revised estimates of the anticipated Tools Cost of such system.

  • Extended warranty coverage beyond the Warranty Period may be provided for in the agreement for any particular Discovery Tools System at a cost of *.

  • TDCC shall pay Symyx DTools for Discovery Tools Systems transferred during the Program Term the Tools Price as follows: (1) for Newly Developed Discovery Tools Systems or modules of Discovery Tools Systems that are designated Newly Developed Discovery Tools System, the Tools Price shall be *; and (2) for all other Discovery Tools Systems (excluding modules that are designated a Newly Developed Discovery Tools System), the Tools Price shall be *.

  • In the event of change orders, or changes in the design or components of the Discovery Tools System that ExxonMobil or such Affiliate requests and that the parties mutually approve, the parties will negotiate appropriate adjustments to the applicable cost estimate and pricing of the Discovery Tools System based on such changes.

  • At such time as the specifications for a Discovery Tools System are finalized, Symyx DTools will provide to ExxonMobil or such Affiliate a mutually-acceptable detailed estimate, consistent with Exhibit V, of the Tools Cost for such Discovery Tools System.

  • Symyx DTools warrants to TDCC that that each Discovery Tools System sold and licensed by Symyx DTools hereunder shall conform in all material respects with the specifications for such System for a * Warranty Period (“Warranty Period”).

  • Thereafter, ExxonMobil will, within * after receipt of the written notice from Symyx, notify Symyx whether or not ExxonMobil wishes to designate such Discovery Tools System for the limited term exclusivity provided in Section 7.05(a) unless ExxonMobil disagrees that the development of such Discovery Tools System is complete.

  • In the event that Symyx DTools believes that the Tools Cost Basis of a Discovery Tools System is likely to exceed the Detailed Cost Estimate provided pursuant to this Section 7.3 by more than * (excluding increases based on change orders or agreed upon changes in the design or components of the Discovery Tools System), Symyx DTools shall provide prompt written notice thereof to TDCC, together with an estimate of the anticipated amount of the cost overrun and an explanation of the reasons therefore.

  • If a Discovery Tools System is no longer required by TDCC or an Affiliate, TDCC shall notify Symyx, and if Symyx so elects, Symyx may purchase such Discovery Tools System from TDCC at *.

  • The parties may agree, on a case by case basis, to include TDCC Supplied Components within a Discovery Tools System, which agreement will not unreasonably be withheld.