Common use of Binder Formula Clause in Contracts

Binder Formula. The Covol Parties represent and warrant that they delivered to a safety deposit box owned by PSF a written copy of the formula used by them to manufacture the proprietary binder material in sufficient quantities to operate the Facility up to full capacity, and the Covol Parties covenant to notify PSF of any improvements, variations or modifications made on or to the formula used by them to manufacture the proprietary binder material promptly after such improvements, variations or modifications are made and to provide a copy of any such improved, varied or modified formula for placement in the safety deposit box.

Binder Formula. The Covol Parties represent and warrant that they delivered to a safety deposit box owned by PSF BSF a written copy of the formula used by them to manufacture the proprietary binder material in sufficient quantities to operate the Facility up to full capacity, and the Covol Parties covenant to notify PSF BSF of any improvements, variations or modifications made on or to the formula used by them to manufacture the proprietary binder material promptly after such improvements, variations or modifications are made and to provide a copy of any such improved, varied or modified formula for placement in the safety deposit box.