HPSI definition
Examples of HPSI in a sentence
In such event, HPSI agrees to disclose to the third party supplier(s), pursuant to a confidentiality agreement, all Technical Information necessary to enable the third party supplier(s) to complete such supply.
In the event it is determined that HPSI will be unable to completely fulfill its commitment to supply AVON's required amount of Pheromones, HPSI shall fully cooperate with AVON in locating third party supplier(s) and permit such third party supplier(s) to complete AVON's supply requirement of Pheromones.
Notwithstanding the foregoing, if HPSI determines that it no longer has sufficient space to store the Equipment, then it may dispose of the Equipment, at the Stockholder's sole cost, provided that HPSI (i) gives the Stockholder ten (10) days prior written notice of such disposition, and (ii) complies with the Stockholder's reasonable requests regarding the manner in which HPSI disposes of the Equipment.
The Stockholder shall reimburse HPSI for all costs incurred by HPSI in connection with such disposition.
The Stockholder shall use its best efforts to obtain not later than the Closing the consent of its lenders to the consummation of the transactions contemplated hereby and the release of its Liens on the assets of the Companies, the HPSI Stock and the stock of MMC, ABPA, SNA, PHI, GBAIA, HPSIA Ill.
In the event that HPSI, at any time during the term of this Agreement, shall have reason to believe that it will be unable to timely supply Quest with the full quantity of the Pheromones ordered by Quest, HPSI shall promptly notify AVON thereof.
The Stockholder shall have delivered to the Purchaser duly executed original stock powers and all other documents required to consummate the transactions contemplated hereby, and the Stockholder shall have delivered to the Purchaser (i) original certificates representing the HPSI Stock and (ii) original certificates issued to HPSI representing all of the issued and outstanding shares of capital stock of MMC, ABPA, SNA, PHI, GBAIA, HPSIA Ill.
The Purchaser represents and warrants that the HPSI Stock to be acquired by the Purchaser pursuant to this Agreement is being acquired solely for the Purchaser's own account, for investment purposes only, and with no present intention of distributing, selling or otherwise disposing of it in connection with a distribution.
HPSI will supply the Pheromones in accordance with AVON's Specifications, a copy of which will be attached and incorporated herein.
It is understood by the parties that, upon Quest's payment to HPSI for the supply of Pheromones or to any third party as set forth in 2.6, it is agreed that neither Quest nor any third party having rights under the Patents will bring any claim or action against AVON or any of its Affiliates based on or asserting that the use, sale or offer for sale or import of Products in the Field of Use violates any proprietary or patent rights of HPSI.