Common use of Amounts payable to Mersen Clause in Contracts

Amounts payable to Mersen. In the event of a termination under Section 13.2, Buyer shall pay Mersen for: (i) any applicable non- recurring expenses, such as without limitation, R&D, tooling; (ii) any unpaid work previously delivered to Buyer or fully completed by the time Mersen receives Buyer’s notification of termination; (iii) the amount for any work under progress at the time Mersen receives Buyer’s notification of termination, corresponding to a percentage of the price to be paid for the ongoing milestone and equal to the percentage of completion of the work; and (iv) all costs incurred by Mersen, such as without limitation, costs for raw materials, services, which were acquired to complete the work according to the agreed schedule and were not used at the time Mersen receives Buyer’s notification of termination, and which cannot be resold to its supplier or any third party, nor be used by Mersen for itself or for other customers. Mersen will issue an invoice corresponding to the amounts stated in this Section, less any down payment or other partial payments already made by Buyer. Buyer shall pay such invoice according to the agreed payment terms. Upon completion of payment, Mersen shall deliver all the corresponding works and raw materials according to the applicable INCOTERMS hereunder. Risk of loss to such works and raw materials will pass to Buyer upon delivery. Title will pass to Buyer upon full payment of the invoice.

Amounts payable to Mersen. In the event of a termination under Section 13.2, Buyer shall pay Mersen for: (i) any applicable non- non‐ recurring expenses, such as without limitation, R&D, tooling; (ii) any unpaid work previously delivered to Buyer or fully completed by the time Mersen receives Buyer’s notification of termination; (iii) the amount for any work under progress at the time Mersen receives Buyer’s notification of termination, corresponding to a percentage of the price to be paid for the ongoing milestone and equal to the percentage of completion of the work; and (iv) all costs incurred by Mersen, such as without limitation, costs for raw materials, services, which were acquired to complete the work according to the agreed schedule and were not used at the time Mersen receives Buyer’s notification of termination, and which cannot be resold to its supplier or any third party, nor be used by Mersen for itself or for other customers. Mersen will issue an invoice corresponding to the amounts stated in this Section, less any down payment or other partial payments already made by Buyer. Buyer shall pay such invoice according to the agreed payment terms. Upon completion of payment, Mersen shall deliver all the corresponding works and raw materials according to the applicable INCOTERMS hereunder. Risk of loss to such works and raw materials will pass to Buyer upon delivery. Title will pass to Buyer upon full payment of the invoice.

Amounts payable to Mersen. In the event of a termination under Section 13.2, Buyer shall pay Mersen for: (i) any applicable non- non-recurring expenses, such as without limitation, R&D, tooling; (ii) any unpaid work previously delivered to Buyer or fully completed by the time Mersen receives Buyer’s notification of termination; (iii) the amount for any work under progress at the time Mersen receives Buyer’s notification of termination, corresponding to a percentage of the price to be paid for the ongoing milestone and equal to the percentage of completion of the work; and (iv) all costs incurred by Mersen, such as without limitation, costs for raw materials, services, which were acquired to complete the work according to the agreed schedule and were not used at the time Mersen receives Buyer’s notification of termination, and which cannot be resold to its supplier or any third party, nor be used by Mersen for itself or for other customers. Mersen will issue an invoice corresponding to the amounts stated in this Section, less any down payment or other partial payments already made by Buyer. Buyer shall pay such invoice according to the agreed payment terms. Upon completion of payment, Mersen shall deliver all the corresponding works and raw materials according to the applicable INCOTERMS hereunder. Risk of loss to such works and raw materials will pass to Buyer upon delivery. Title will pass to Buyer upon full payment of the invoice.