Thermo Vision definition
Examples of Thermo Vision in a sentence
Thermo Vision assumes no responsibility or liability for any loss or damage incurred by Thermo Optek or its Affiliates by reason of a delay in a requested delivery date, inability to ship or any of the reasons set forth in Paragraph 5 below.
Any claims by Thermo Optek or its Affiliates under this warranty with respect to Products must be made to Thermo Vision in writing within 6 months after Thermo Vision tenders such Products or delivers such Products to Thermo Vision's warehouse facility for storage pursuant to the agreement of the Parties, as the case may be.
Thermo Vision has no knowledge of any infringement of any Intellectual Property Right of any third party which will arise out of or be incident to Thermo Vision's use of such Intellectual Property Rights to manufacture and sell such Products.
Subject to Paragraph 1(g)(ii) hereof, Thermo Vision agrees not to sell the Products to any other party which manufactures optical spectrometers of the types manufactured by Thermo Optek.
Upon adding such sensors to the definition of Products, Thermo Optek shall grant Thermo Vision and its Affiliates and subcontractors a worldwide, exclusive, royalty-free license to use such Intellectual Property Rights during the term of this Agreement for the sole purpose of manufacturing such Products for sale to Thermo Optek and/or its Affiliates pursuant to this Agreement.
In the event that Thermo Optek fails to purchase all of such inventory pursuant hereto within fourteen (14) days after the expiration or termination of this Agreement, Thermo Vision shall have the right to sell or dispose of such inventory, in whatever manner it seems fit, without liability to Thermo Optek for any reason, including without limitation infringement of any intellectual property rights of Thermo Optek.
For each Product purchased by Affiliates of Thermo Optek hereunder, such Affiliates and Thermo Optek shall be jointly and severally liable for the payment of the price of such Product to Thermo Vision.
With respect to modifications or improvements to CID sensors which are included in the definition of Products in accordance with Paragraph 1(b) above, Thermo Vision shall establish a price for each such new Product which is reasonable in light of the manufacturing cost and performance of such new Product relative to the most closely related existing Product.
All such employees who elect to become employees of NewCo shall be provided benefits under the Thermo Vision benefit and welfare plans for which they qualify with credit being given under the Thermo Vision plans for time in service with Seller.
NewCo is a newly-formed Delaware corporation 100% owned by Thermo Vision.