Payment Upon Consumption definition

Payment Upon Consumption means a payment process by which Supplier would retain title to all Items until such time as Applied has fully integrated such Items into the products manufactured by Applied. Upon Applied’s request to implement a Payment Upon Consumption process, Supplier will not unreasonably refuse to do so, and the Parties agree to negotiate in good faith to enter into an agreement setting forth the terms and conditions of such process.
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Examples of Payment Upon Consumption in a sentence

  • Implementation of the Payment Upon Consumption process will be by mutual agreement of the parties.

  • Supplier will not unreasonably withhold acceptance of a Payment Upon Consumption model.

  • Upon Applied’s request to implement a Payment Upon Consumption process, Supplier will not unreasonably refuse to do so, and the Parties agree to negotiate in good faith to enter into an agreement setting forth the terms and conditions of such process.

  • Upon Applied's request to implement a Payment Upon Consumption process, Supplier will not unreasonably refuse to do so, and the Parties agree to negotiate in good faith to enter into an agreement setting forth the terms and conditions of such process.

  • Payment Upon Consumption" means a payment process by which Supplier would retain title to all Items until such time as Applied has fully integrated such Items into the products manufactured by Applied.

Related to Payment Upon Consumption

  • Delta Payment means as it is described in this Agreement.

  • Payment Ahead means, with respect to a Precomputed Receivable and a Collection Period, any Excess Payment (not representing, when added to any Deferred Prepayment with respect to such Precomputed Receivable, a prepayment in full of such Precomputed Receivable) which the Servicer, in accordance with its customary servicing practices, will apply towards the payment of Scheduled Payments due in one or more future Collection Periods.

  • LWDA PAGA Payment means the 75% of the PAGA Penalties paid to the LWDA under Labor Code section 2699, subd. (i).

  • Earnout Payments has the meaning set forth in Section 2.2(a).

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a