Licensor Financed Extraction Systems Sample Clauses

Licensor Financed Extraction Systems. In the event that the Licensor finances and commissions any Extraction Systems, the Licensor shall retain the right to purchase and sell the corn oil extracted from any such Extraction System(s). The Licensor shall have the right to sell any such corn oil to any third party until such time as the Licensee commences production at a Licensee owned biodiesel facility, after which time the Licensee shall (A) purchase, on a TAKE OR PAY basis, the corn oil extracted with any such Extraction System(s) at a rate equal to SEVENTY FIVE PERCENT (75%) of the then-prevailing preceding month's average "spot" price for diesel fuel, which price will be based on the average of the previous month's daily closing New York Harbor and U.S. Gulf Coast spot prices for diesel fuel) (the "Diesel Spot") until such time as (B) Licensee (x) purchases any such Extraction System(s) from Licensor at a rate equal to Licensor's cost for such Extraction System(s) and all related necessary balance of plant plus 20%, (y) pays Licensor the applicable COES License Fee as provided for in Section 2(b)(i) hereof, and (z) begins paying Licensor the COES Royalty as provided for in Section 2(b)(ii) hereof.
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Related to Licensor Financed Extraction Systems

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  • TOOL STORAGE 1. A company shall provide on all construction jobs in towns and cities, and elsewhere where reasonably necessary and practicable (or if requested buy the employee), a suitable and secure waterproof lock-up solely for the purpose of storing employees’ tools, and on multi-storey and major projects the company shall provide, where possible, a suitable lock-up for employees’ tools within a reasonable distance of the work area of large groups of employees. 2. Where an employee is absent from work because of illness or accident and has advised the company in accordance with Clause 33 – Personal Leave of the award, the company shall ensure that the employee’s tools are securely stored during his/her absence.

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  • Customer Property Customer Property is and shall remain your sole and exclusive property. “Customer Property” means all graphic user interface, text, content, images, video, music, designs, products, computer programs, drawings, documentation and other materials of any kind posted, submitted, provided or otherwise made available to us by you or an Authorized User in connection with the Products and Services. Customer Property may also contain Personal Information which is defined in Section 5.

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  • Software Use Case Red Hat Enterprise Linux Developer Suite Subscription Services for Red Hat Enterprise Linux Developer Suite are available for Development Purposes only.

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