ENGINEERING PACKAGE definition
Examples of ENGINEERING PACKAGE in a sentence
For the avoidance of doubt, BUTAMAX shall not be obligated to modify or update any BUTAMAX ENGINEERING PACKAGE and ownership of the BUTAMAX ENGINEERING PACKAGE shall remain with BUTAMAX at all times and its use shall be governed by the terms of a separate agreement.
The PARTIES anticipate that such BUTAMAX ENGINEERING PACKAGE will be in the form of [ *** ], and include technology performance information, subject to parameters regarding the content of such BUTAMAX ENGINEERING PACKAGE and timing of provision of such ENGINEERING PACKAGE to be agreed by the PARTIES.
One-third of the total license fee ($366,666) shall be paid against presentation of the below documents by telegraphic bank transfer to the SELLER’s account not later than (30) day from the date of the delivery of the complete BASIC ENGINEERING PACKAGE as defined in ANNEX 7; one-third of the total license fee ($366,666) shall be paid against presentation of the below documents by telegraphic bank transfer to the SELLER’s account not later than (30) days from the date of Initial Operation of the plant.