Common use of Closure Cost Clause in Contracts

Closure Cost. As used herein Closure Cost shall include (i) STRATEC’s dedicated inventory; (ii) Instruments and related products already shipped but not paid for up to the effective date of termination; (iii) work in progress with regard to any Production Instrument; and (iv) any unamortized portion of any Production Instrument dedicated manufacturing equipment.

Appears in 3 contracts

Samples: Stratec Development Agreement (Quotient LTD), Stratec Development Agreement (Quotient LTD), Stratec Development Agreement (Quotient LTD)

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Closure Cost. As used herein Closure Cost shall include (i) STRATEC’s STRATEC´s dedicated inventory; (ii) Instruments and related products already shipped but not paid for up to the effective date of termination; (iii) work in progress with regard to any Production Instrument; and (iv) any unamortized portion of any Production Instrument dedicated manufacturing equipment.

Appears in 1 contract

Samples: Supply and Manufacturing Agreement (Quotient LTD)

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