Manufacturing Equipment. Ruthigen may, at any time upon notice to Oculus, purchase one or more units of Manufacturing Equipment, at Ruthigen’s discretion, and Oculus shall deliver the Manufacturing Equipment to Ruthigen, at Ruthigen’s expense, within sixty (60) days of receipt of payment therefor.
Manufacturing Equipment. Manufacturing Equipment means the equipment listed in Exhibit B of this Agreement, which includes manufacturing tools that are necessary to perform the Manufacturing Operations. After the Parties sign this Agreement, the Parties will mutually agree on the list of Manufacturing Equipment to be set forth in Exhibit B by amending this Agreement.
Manufacturing Equipment. If MYT owns or develops any Intellectual Property Right which is used to make any piece of equipment that is used in the FOL, MOL and EOL manufacturing processes, whether in Longmont, Colorado, or Nagano, Japan, MYT agrees that it will not refuse to build or sell such piece of equipment to DT if DT requests to purchase it or have it purchased. DT agrees that MYT may use such piece of equipment in other manufacturing lines for other products, so long as such other products are not competitive to DT's products, Products or Finished Products.
Manufacturing Equipment. The basis of determining prices of the second-hand manufacturing equipment will be determined on arm’s length negotiation and with reference to the below formula, which is a default formula set by the Group’s SAP financial software following the Group’s accounting policy for depreciation and valuation on equipment and also applicable to the valuation of all equipments of the Group, no matter whether they are procured from Independent Third Parties or Sany Group, and should be in any event no less favorable to the Group than is available to Independent Third Parties. Price = Original Purchase Price – Original Purchase Price (1-3%) x (number of years since the equipment was purchased by Sany Group/10 years) “3%” represents the minimum residual value of equipment and “10 years” represents the maximum durable years of equipment and both of them are set according to the Group’s accounting policy. Payment: In respect of each purchase of parts and components or second- hand manufacturing equipment by the Group from Sany Group or its subsidiaries, Sany Group or its subsidiaries and the Company or its subsidiaries will enter into separate purchase agreements to specify the exact types and number of products to be purchased, the relevant delivery arrangements and the selling prices of such products. Payment will be settled by way of telegraphic transfer at credit terms to be agreed by the parties in accordance with the Group’s normal term of supplies from Independent Third Parties. Historical figures: Below sets forth the historical caps and actual transaction amounts for the transactions contemplated for the two financial years ended 31 December 2018 and the eleven months ended 30 November 2019: Financial Historical Year/Period Ended Historical Caps Transaction Amount 31 December 2017 RMB215,954,000 RMB181,067,915 31 December 2018 RMB303,504,000 RMB232,073,890 30 November 2019 RMB401,578,000 RMB196,865,338 Proposed annual cap: It is proposed that the annual cap amounts for the transactions contemplated under the Supplemental Master Purchase Agreement (2020-2022) for the three years ending 31 December 2022 will be s e t a t R M B408,694,687, R M B560,746,774 a n d R M B721,460,178, respectively. Basis of the proposed annual cap: The annual caps of the Supplemental Master Purchase Agreement (2020-2022) are calculated and determined after taking into account (i) the historical transaction amount, and (ii) the estimated procurement plan of the Group for the three years...
Manufacturing Equipment. 10.1 During the Term, LAB shall operate and maintain the Manufacturing Equipment in accordance with good business practice. LAB warrants that its arrangements with Subcontractors shall contain equal obligations for such Subcontractors.
Manufacturing Equipment. Manufacturing equipment such as models, samples and drawings as well as tools provided to the Supplier by the Customer shall remain the Customer’s property and must be returned to the Customer upon request. The Supplier may only use such manufacturing equipment for the Customer. - Special agreements regarding manufacturing equipment and tools shall prevail.
Manufacturing Equipment. (a) Ruthigen shall purchase and pay in full for (i) at least One Million Dollars ($1,000,000) of Manufacturing Equipment, upon the Effective Date; (ii) at least One Million Two Hundred Fifty Thousand Dollars ($1,250,000) of additional Manufacturing Equipment, within thirty (30) days following the Effective Date; and (iii) at least Seven Hundred Fifty Thousand Dollars ($750,000) of additional Manufacturing Equipment, within forty five (45) days following the Effective Date (collectively, the “Equipment Purchase Price”). In each case, Oculus shall deliver the Manufacturing Equipment to Ruthigen, at Ruthigen’s expense, within sixty (60) days of receipt of payment therefor or at such other time as the Parties agree upon orally or in writing.”
Manufacturing Equipment. The basis of determining prices of the second-hand manufacturing equipment will be determined on arm’s length negotiation and with reference to the below formula, which is a default formula set by the Group’s SAP financial software following the Group’s accounting policy for depreciation and valuation on equipment and also applicable to the valuation of all equipments of the Group, and should be in any event no less favorable to the Group than is available to Independent Third Parties. Price = Original Purchase Price – Original Purchase Price (1-3%) x (number of years since the equipment was purchased by our Group/10 years) “3%” represents the minimum residual value of equipment and “10 years” represents the maximum durable years of equipment and both of them are set according to the Group’s accounting policy. Payment Schedule: Payment will be settled as agreed by the parties according to the specific order, which will be in line with their respective normal terms of supplies which are applicable to Independent Third Parties. Historical figures: Financial Historical Year/Period Ended Historical Caps Transaction Amount 31 December 2017 RMB100,150,000 RMB19,851,000 31 December 2018 RMB101,390,000 RMB42,677,000 30 November 2019 RMB103,180,000 RMB62,131,036 Proposed annual cap: It is proposed that the annual cap amounts for the transactions contemplated under the Supplemental Master Sales Agreement (2020- 2022) for the three financial years ending 31 December 2022 will be set at RMB103,520,060, RMB89,330,618 and RMB89,136,176, respectively. Basis of the proposed annual cap: The proposed annual caps under the Supplemental Master Sales Agreement (2020-2022) are determined with reference to (i) the historical transaction amount, and (ii) that Group plans to further streamline resources which may result in more surplus inventories and second-hand equipment for disposal. Reasons For and Benefits of the Supplemental Master Sales Agreement (2020-2022) Sany Group is principally engaged in, among others, the manufacture and distribution of engineering machineries for construction purposes while the Group’s raw material or spare parts and components inventories can be used in manufacturing of engineering machinery products. By selling the redundant stocks of the Group to the Sany Group, the Group can enhance its inventory flexibility. In addition, the Group will sell the relevant raw material to Sany Group at prices which should be in any event no less favorable to the ...
Manufacturing Equipment. 17.1 SUPPLIER will purchase the following manufacturing equipment defined below (the IMPLANTER), which is a high energy implanter: ****
Manufacturing Equipment. Manufacturer shall be solely responsible for all costs associated with purchasing and maintaining the equipment, tools, technology, and all other items necessary to manufacture, package, test, store and ship the Finished Product ("MANUFACTURING EQUIPMENT").
