Access to Support Buyer’s Tech-Transfer to Foundry Operation Sample Clauses

Access to Support Buyer’s Tech-Transfer to Foundry Operation. In order to support and facilitate Buyer’s technology transfer into the Foundry Operation until the Closing Date, subject to the prior review and approval by Pxxx Xxxxx, which approval will not be unreasonably withheld, conditioned or delayed, Buyer may deliver and/or install equipment (“Akoustis Property”) into the Foundry Operation at its sole cost and expense. Seller acknowledges and agrees that the Akoustis Property is permanently owned by Buyer and that such Akoustis Property may be removed by Buyer at any time, for any reason. Buyer will include the Akoustis Property on the Buyer’s Property and Casulty Insurance Policy, maintain insurance coverage limits in the minimum amount of $1,000,000 per occurrence/$5,000,000 in the aggregate with reputable, financially solvent insurance providers, and have Seller named as additional insured on such insurance policies. In the event that this Agreement is terminated and the Closing does not occur, Buyer shall, at its sole cost and expense, remove all of the Akoustis Property from the Foundry Operation and restore the Foundry Operation to its original condition, reasonable wear and tear excepted.
Sample 1
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Related to Access to Support Buyer’s Tech-Transfer to Foundry Operation

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