Common use of Buyer Acceptance Clause in Contracts

Buyer Acceptance. 7.2.1. Upon completion of assembly and configuration of the Dry Combinatorial R&D Platform, Seller will provide Buyer with a written notice that the Dry Combinatorial R&D Platform is available for Sign-Off. 7.2.2. Seller shall demonstrate to Buyer that the Dry Combinatorial R&D Platform satisfies the acceptance criteria set forth in Annex 1.5.5 (“Acceptance Criteria”) and allow Buyer to conduct tests to ensure compliance with the Acceptance Criteria. 7.2.3. This demonstration and testing shall take place at the Seller Site (Buyer agrees to attend at its own expense) and shall commence no later than [***] days following the written notice from Seller to Buyer. 7.2.4. Upon completion of said demonstration and testing, Buyer will either (i) confirm in writing that acceptance of the Dry Combinatorial R&D Platform has occurred in compliance with Section 4.12, and Buyer shall make the payment associated therewith as set forth in the Pricing Sheet (“Buyer Acceptance”), [***].

Appears in 2 contracts

Samples: Equipment Supply & Technology Licensing Contract (Intermolecular Inc), Equipment Supply and Technology Licensing Contract (Intermolecular Inc)

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Buyer Acceptance. 7.2.1. Upon completion of assembly and configuration of the Dry Wet Combinatorial R&D Platform, Seller will provide Buyer with a written notice that the Dry Wet Combinatorial R&D Platform is available for Sign-Off. 7.2.2. Seller shall demonstrate to Buyer that the Dry Wet Combinatorial R&D Platform satisfies the acceptance criteria set forth in Annex 1.5.5 (“Acceptance Criteria”) and allow Buyer to conduct tests to ensure compliance with the Acceptance Criteria. 7.2.3. This demonstration and testing shall take place at the Seller Site (Buyer agrees to attend at its own expense) and shall commence no later than [***] days following the written notice from Seller to Buyer. 7.2.4. Upon completion of said demonstration and testing, Buyer will either (i) confirm in writing that acceptance of the Dry Wet Combinatorial R&D Platform has occurred in compliance with Section 4.124.1.3, and Buyer shall make the payment associated therewith as set forth in the Pricing Sheet (“Buyer Acceptance”), ) [***]. 7.2.5. Seller will complete the Sign-Off at Seller Site and will complete the Customer Tool Installation Completion Sign-off at Buyer Site.

Appears in 2 contracts

Samples: Equipment Supply & Technology Licensing Contract (Intermolecular Inc), Equipment Supply and Technology Licensing Contract (Intermolecular Inc)

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