MEFC definition
Examples of MEFC in a sentence
The Company further agrees that upon receipt of the purchase price of the second block of 100,000 shares the entire amount of the said purchase price ($500,000.00) for the said block of shares shall be invested in MEFC as a capital contribution to the joint venture by Company or its wholly owned subsidiary and the company or its subsidiary shall acquire a 20% interest in MEFC upon payment of the said funds.
In addition to any changes under Section 2.1, if requests in writing between FCI and MEFC that FCI increase the total quantities (with or without changing the product mix) contained in Attachment A, FCI and MEFC shall negotiate in good faith in order to try to reach an agreement regarding the amount of such increase and the prices for such increased amount.
FCI will not be responsible for any losses due to yield incurred by MEFC and FCI is not obligated to provide any technical support for MEFC's fiber draw production.
Unless MEFC agrees otherwise in writing, all sales will be made upon MEFC's then current standard sales terms and conditions and list prices.
None of the provisions of this Agreement shall be deemed to have been waived by any act of or acquiescence on the part of MEFC its agents or employees.
If it is determined by MEFC and FCI that, for reasons attributable to FCI, there is damage to or shortage in Products supplied by FCI resulting from FCI's handling of such Products after it was produced by FCI, a return authorization shall be made and signed by the parties.
If MEFC decides that it needs to purchase Products for delivery in addition to the amounts it is able to purchase under this Agreement submit to FCI a request for such additional amount.
Prior to the first day of each calendar quarter of this Agreement, MEFC shall establish with a German bank reasonably acceptable to FCI an irrevocable letter of credit for the value of the immediately following quarterly supply as set forth in Appendix A including any adjustments to the value under Article 2, in U.S. Dollars (US$) in favor of FCI/FCJ as the beneficiary under such letter of credit.
If MEFC claims an FCI violation of this Section, MEFC and FCI shall agree on a third party, which shall be given access by FCI (after executing a nondisclosure agreement) to required FCI documents in order to decide the validity of MEFC's claim.
If FCI determines at that time that it has adequate available capacity for such requested additional deliveries, MEFC shall have a first preference to purchase such additional Products for a price and other commercial terms and conditions negotiated at that time.