Toll Packager definition
Examples of Toll Packager in a sentence
The costs and expenses of the Toll Packager associated with the technical transfer of the Packaging process have been quoted by the Toll Packager as an aggregate amount of [***] as per quotation of April 08, 2009, have been committed by Nycomed by purchase order dated April 24, 2009 and have not yet been paid, as such technical transfer has, as of the Effective Date, not yet occurred.
The Parties further understand that the activities to be performed by the Toll Packager under the Bottling Tooling Agreement include the purchase of the bottling tooling for Packaging Product (the “Bottling Tooling” as further described in the Bottling Tooling Agreement) and the technical transfer, at Nycomed’s cost, of the Packaging process using such Bottling Tooling.
As a general principle, Nycomed will supply Partner Bulk Product only for Packaging by Partner (or its designee) or the Toll Packager.
For clarity, Partner will coordinate with the Toll Packager, and agrees to make payment to the Toll Packager of the costs and expenses of the Toll Packager associated with, the technical transfer of the Packaging process in accordance with the Bottling Tooling Agreement as a condition of Partner’s right to exercise its Purchase Option pursuant to the Bottling Tooling Agreement following its assignment.
Shipment of Bulk Product shall be made to Partner, Partner’s Toll Packager or another Person appointed by Partner, as instructed by Partner.
Partner may Package Product by itself or have a Person other than the Toll Packager Package Bulk Product for Partner, subject to this Section 10.1.2 and the conditions set out in Section 2.2.1.3.
Partner agrees to continue negotiating in good faith the Toll Packaging Agreement with the Toll Packager promptly following the Effective Date, replacing Nycomed as the negotiating party.
The target number of Adjusted 2013 TriMas Performance Stock Units for each such TriMas Covered Employee will be equal to the product (which will be rounded down to the nearest whole share) of (1) the target number of 2013 Performance Stock Units for such TriMas Covered Employee immediately prior to the Distribution and (2) a fraction, (a) the numerator of which is the Pre-Distribution TriMas Share Price and (b) the denominator of which is the Post-Distribution TriMas Share Price.
In consideration of such Nycomed “Purchase Option” and the technical transfer of the Packaging process, Nycomed has agreed to make payment to the Toll Packager of a “Purchase Option Fee” as defined in Article 2.2 of the Bottling Tooling Agreement comprising the purchase price of the Bottling Tooling paid by the Toll Packager and the costs and expenses of the Toll Packager associated with the technical transfer of the Packaging process.
As of the Effective Date, the Toll Packager has purchased the bottling tooling, and Nycomed has made payment of that part of such Purchase Option Fee that corresponds to the purchase price of the Bottling Tooling paid by the Toll Packager.