Foil Presses Sample Clauses

Foil Presses. The parties acknowledge that Photowatt is the owner of two aluminium foil presses known as the “Systems 1 Press” and the “AMD Press” (the “Foil Presses”) which are located and installed at the premises of ATS. The AMD Press occupies 2,500 square feet of ATS’s premises and the Systems 1 Press occupies 5,000 square feet of ATS’s premises. In consideration of ATS allowing the Foil Presses to be located and installed and operated at ATS’s premises, Photowatt agrees to pay a charge of $10.00 per square foot per annum occupied by the Foil Presses plus applicable taxes, payable in advance in monthly instalments on the first day of each calendar month during the term of this Article 4 without deduction, abatement or set-off. ATS will allow Photowatt, its Affiliates and its and their respective employees access to ATS’s premises during normal business hours on reasonable notice in order to be able to use and operate the Systems 1 Press for research and development purposes.
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Related to Foil Presses

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  • Lighting Landlord will furnish both Building Standard and non-Building Standard lamps, bulbs, ballasts and starters that are part of the Leasehold Improvements for purchase by Tenant at Landlord's cost, plus Landlord's standard administration fee. Landlord will install non-Building Standard items at Landlord's scheduled rate for this service.

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