Prototype System definition
Examples of Prototype System in a sentence
The balance of the purchase price, less retainage in the amount of ten (10) percent of the purchase price, will be payable by Metro to Ultrastrip on the date of delivery of the Prototype System to Metro at its shipyard located in Norfolk, Virginia and the acceptance by Metro of the Prototype System.
Aimrite shall, upon receipt of the Specifications, design and manufacture a prototype COAST System customized for use with the RV Chassis in compliance with all applicable Specifications ("Prototype System").
Except as otherwise required by applicable law or regulations (including, without limitation, the regulations of the Securities and Exchange Commission), no information concerning this Agreement or the development of the Prototype System shall be released by either party for publication, advertising or for any other purpose without the prior written approval of the other party.
If, as a result of Improvements in the Ultrastrip Paint Removal Equipment and/or the Ultrastrip Paint Removal System, consumables and/or spare parts are no longer available for a particular component, item of equipment, or subsystem, Ultrastrip agrees, at Metro's cost and expense, to redesign and modify the Prototype System so that Ultrastrip will be able to continue to provide technical and logistics assistance, support, and service with currently available consumables and spare parts.
The components, equipment, and subsystems that comprise the Prototype System are identified and listed on EXHIBIT A attached to this Agreement and hereby made a part hereof but also include any and all other components, equipment, and subsystems necessary to enable the Prototype System to perform its intended function as designed by Ultrastrip, even if such other components, equipment, and subsystems are not listed on EXHIBIT A.
The purchase price for the Prototype System is payable by Metro to Ultrastrip as follows.
Aimrite shall review the RV Chassis and advise Spartan of any modifications that Aimrite considers necessary or desirable to permit installation and proper operation of the Prototype System.
The signing of this contract by EIA and/or LTI is considered to be an order for the GPR system technology feasibility demonstration as described herein, in substantially the form of Exhibit I (GPR Prototype System Concept) attached hereto, and for a demonstration test period of about, but not limited to, a nine (9) month period.
Any changes, enhancements, improvements, modifications or refinements made to the Ultrastrip Paint Removal Equipment as a result of the independent development efforts of Ultrastrip and any changes, enhancements, improvements, modifications or refinements made to the Ultrastrip Paint Removal System based on or arising from the development and performance of the Prototype System.
The final plans and specifications for the Ultrastrip Paint Removal System incorporating all changes in the system based on the operation of the Prototype System and as accepted and approved by Ultrastrip.