Common use of Finances and Personnel Clause in Contracts

Finances and Personnel. Distributor shall maintain a net worth and working capital reasonably sufficient to allow Distributor to perform fully and faithfully its obligations under this Agreement. Distributor shall devote sufficient financial resources and technically qualified sales and service engineers to the Products to fulfill its responsibilities under this Agreement. Distributor additionally agrees to maintain qualified sales, clinical and technical personnel for the purpose of promoting and servicing the Products and agrees to provide adequate training to physicians and laboratory personnel to assist them in the proper use and maintenance of the Products.

Appears in 2 contracts

Samples: Distribution Agreement, Distribution Agreement (Abiomed Inc)

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Finances and Personnel. Distributor shall maintain a net worth and working capital reasonably sufficient sufficient, in Manufacturer’s reasonable judgement, to allow Distributor to perform fully and faithfully its obligations under this Agreement. Distributor shall devote sufficient financial resources and technically qualified sales and service engineers to the Products to fulfill its responsibilities under this Agreement. Distributor additionally agrees to maintain qualified sales, sales and clinical and technical personnel for the purpose of promoting and servicing the Products and agrees to provide adequate training to physicians and laboratory personnel to assist them in the proper use and maintenance of the ProductsProduct.

Appears in 1 contract

Samples: International Distributor Agreement (Volcano CORP)

Finances and Personnel. Distributor shall maintain a net worth and working capital reasonably sufficient to allow Distributor to perform fully and faithfully its Distributor's obligations under this Agreement. Distributor shall devote sufficient financial resources and technically qualified sales and service engineers training personnel to the Products to fulfill its Distributor's responsibilities under this Agreement. Distributor additionally agrees to maintain qualified sales, clinical and technical personnel for the purpose of promoting and servicing the Products and agrees to provide adequate training to physicians and laboratory personnel to assist them in the proper use and maintenance of the Products.

Appears in 1 contract

Samples: Distributor Agreement (General Surgical Innovations Inc)

Finances and Personnel. Distributor shall maintain a net worth and ---------------------- working capital reasonably sufficient sufficient, in Manufacturer's reasonable judgment, to allow Distributor to perform fully and faithfully its obligations under this Agreement. Distributor shall devote sufficient financial resources and technically qualified sales and service engineers personnel to the Products Product to fulfill its responsibilities under this Agreement. Distributor additionally agrees to maintain qualified sales, clinical and technical personnel for the purpose of promoting and servicing the Products and agrees to provide adequate training to physicians and laboratory personnel to assist them in the proper use and maintenance of the Products.

Appears in 1 contract

Samples: Computer Access Technology Corporation Distributor Agreement (Computer Access Technology Corp)

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Finances and Personnel. Distributor shall maintain a net worth and working capital reasonably sufficient sufficient, in Manufacturer's reasonable judgment, to allow Distributor to perform fully and faithfully its Distributor's obligations under this Agreement. Distributor shall devote sufficient financial resources and technically qualified sales and service engineers training personnel to the Products to fulfill its Distributor's responsibilities under this Agreement. Distributor additionally agrees to maintain qualified sales, clinical and technical personnel for the purpose of promoting and servicing the Products and agrees to provide adequate training to physicians and laboratory personnel to assist them in the proper use and maintenance of the Products.

Appears in 1 contract

Samples: International Distributor Agreement (Metra Biosystems Inc)

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