Examples of First Contract Period in a sentence
Any repayment amount due to Medtronic with respect to the Second Contract Period under the foregoing provision may be reduced by the amount of any repayment made under such provision with respect to the First Contract Period.
As consideration for the licenses and other rights granted hereunder and under the Sublicense Agreement, Medtronic shall pay to WGT the initial license fee provided for in Section 3.2 and the royalties set forth in Sections 3.3, 3.4 and, if applicable, Section 3.5 below during the First Contract Period, the Second Contract Period and the Third Contract Period (if any).
Twelve months prior to the end of the First Contract Period, Seller will elect volumes of Gasoline it will sell to Buyer during the last two (2) Contract Years of the Initial Term (the “Second Contract Period”).
Twelve months prior to the end of the First Contract Period, Seller will elect volumes of ULSD it will sell to Buyer during the Second Contract Period.
The sixteen and one-half (16 1/2) month period ending on September 30, 1997 shall be deemed the First Contract Period, and each succeeding twelve (12) month period of the Initial and/or Renewal Term (as hereinafter defined), if any, of this Agreement, shall likewise be deemed a Contract Period.
WGT agrees to keep accurate written records sufficient in detail to enable Medtronic to determine and verify the number of Licensed Products purchased by Medtronic and its Affiliates during the First Contract Period and during each year of the Second Contract Period.
Seller may elect to sell Buyer the following: (i) all volumes of Gasoline produced at the Refinery up to a total daily volume of [***] bpd of total Gasoline and, if Seller produces Premium CBOB, up to [***] bpd of Premium CBOB (i.e., volume would remain the same as the First Contract Period) or (ii) a monthly volume equal to [***], plus [***] at Buyer’s option.
During the First Contract Period, Seller shall sell and Buyer shall purchase not less than [***] bbls.
Medtronic agrees to keep accurate written records sufficient in detail to enable WGT to determine and verify the number of Tantalum Capacitors used by Medtronic and its Affiliates (i.e. their requirements) during the First Contract Period and during each year of the Second Contract Period.