Loaner Agreements Sample Clauses

Loaner Agreements. The Assets being transferred to Olympus under Section 2.1 include all agreements of Carsen with its customers related to the Class B Inventory (“Loaner Agreements”), copies of which will be delivered to Olympus at the Closing. If requested by Olympus at any time or from time to time during the term of the Loaner Agreements, Carsen will deliver a letter to one or more of its loaner customers advising them of the transfer to Olympus and instructing them to return the Class B Inventory in their possession to Olympus, rather than Carsen, upon expiration of their Loaner Agreement. Carsen will promptly deliver to Olympus any Class B Inventory that is mistakenly delivered to Carsen rather than Olympus. Carsen has previously delivered to Olympus a schedule of loaners as of July 31, 2005 that includes (i) serial number and model number, (ii) the location of the loaner, and (iii) the date the loaner was delivered to the customer. As a point of reference and for informational purposes only, by no later than July 15, 2006, Carsen shall deliver to Olympus an updated schedule of loaners as of June 30, 2006. At the Closing, Carsen will deliver to Olympus a true, correct and complete schedule of loaners as of the Effective Date (the “Loaner Schedule”) that includes the foregoing information, which Schedule shall be subject to modification within fifteen (15) days following the Closing (if any such modification results in a change in the Class B Inventory to be acquired by Olympus, an appropriate adjustment shall be made, either in the form of an additional payment by Olympus or a refund by Carsen, on the Initial Adjustment Date). Carsen represents to Olympus that as of the Effective Date, (i) the significant majority of all Loaner Agreements then in effect will provide for a product loan period (the “Loan Period”) no greater than sixty (60) days in duration, and (ii) all Loaner Agreements then in effect will have an average Loan Period of no greater than thirty (30) days.
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Loaner Agreements. At the Closing, Carsen will (i) transfer, assign and deliver to Olympus all agreements with its customers related to the Class B Inventory (“Loaner Agreements”), copies of which will be delivered to Olympus at the Closing, and (ii) deliver a letter to such customers advising them of the transfer to Olympus and instructing them to return the Class B Inventory in their possession to Olympus, rather than Carsen, upon expiration of the loaner agreement. Carsen will promptly deliver to Olympus any Class B Inventory that is mistakenly delivered to Carsen rather than Olympus. Carsen will deliver to Olympus on or before August 31, 2005 a schedule of loaners as of July 31, 2005 that includes (i) serial number and model number, (ii) the location of the loaner, and (iii) the date the loaner was delivered to the customer. Carsen represents to Olympus that as of the Expiration Date, (i) the significant majority of all Loaner Agreements then in effect will provide for a product loan period (the “Loan Period”) no greater than sixty (60) days in duration, and (ii) all Loaner Agreements then in effect will have an average Loan Period of no greater than thirty (30) days.

Related to Loaner Agreements

  • Customer Agreements In addition to other provisions hereof, MBC ------------------- shall not distribute any Cooperative Application or MBC Product to any Person unless MBC shall have first notified and required such Person to execute a customer agreement: (i) provided by InterTrust; or (ii) provided by MBC that (a) has been previously approved in writing by InterTrust and (b) is in accordance with the terms of this Section 6.2 (the "Customer Agreement"). The ------------------ terms of such Customer Agreement relating to InterTrust Technology may be amended from time to time by InterTrust as may be reasonably necessary to protect InterTrust's rights hereunder, but solely for subsequent executions of such Customer Agreement and as herein provided. The Customer Agreement shall contain, at minimum and as relevant hereunder, terms that: (1) notify MBC customers of the restrictions on MBC's rights with respect to performing Clearinghouse Functions, granting sublicenses, and otherwise restricting the rights of such customers with respect to use of the MBC Product or Cooperative Application, as applicable, especially the InterTrust Technology incorporated therein; (2) prohibit customers from disassembling, modifying or reverse engineering any portion of the InterTrust Technology incorporated in the MBC Product or Cooperative Application; (3) stipulate that such customer has no right to use the MBC Product or Cooperative Application to engage in or perform any Clearinghouse Functions whatsoever without InterTrust's express authorization pursuant to a written license agreement directly between such customer and InterTrust; (4) prohibit such customer from using the Cooperative Application or MBC Product to make and/or exploit any commercial product other than a Vertical Application; (5) provide that the Customer Agreement is to and for InterTrust's benefit and may be enforced by InterTrust at its discretion; and (6) contain such other provisions as stipulated herein. MBC agrees that to the extent any form of Customer Agreement might be deemed to be unenforceable or otherwise ineffective in any jurisdiction, MBC shall substitute other forms of Customer Agreements, or take other actions, as reasonably specified by InterTrust, including, for example, specifying other generally accepted, legally effective forms of Customer Agreement, if such exists for a given jurisdiction, in order to provide InterTrust with legally enforceable protection contemplated hereunder, including protection against implied licenses and claims of patent exhaustion relating to InterTrust Technology. MBC agrees and acknowledges that MBC's performance of its obligations hereunder is necessary for InterTrust to adequately protect its Intellectual Property Rights made available hereunder, and such performance shall constitute a condition precedent to the licenses granted under Article 5 hereof.

  • Letter Agreements The Company shall not take any action or omit to take any action which would cause a breach of any of the Letter Agreements executed and will not allow any amendments to, or waivers of, such Letter Agreements without the prior written consent of the Representative.

  • Existing Agreements The Executive represents to the Company that he is not subject or a party to any employment or consulting agreement, non-competition covenant or other agreement, covenant or understanding which might prohibit him from executing this Agreement or limit his ability to fulfill his responsibilities hereunder.

  • Modification Agreements The Servicer or the related Subservicer, as the case may be, shall be entitled to (A) execute assumption agreements, substitution agreements, and instruments of satisfaction or cancellation or of partial or full release or discharge, or any other document contemplated by this Servicing Agreement and other comparable instruments with respect to the Mortgage Loans and with respect to the Mortgaged Properties subject to the Mortgages (and the Company shall promptly execute any such documents on request of the Servicer) and (B) approve the granting of an easement thereon in favor of another Person, any alteration or demolition of the related Mortgaged Property or other similar matters, if it has determined, exercising its good faith business judgment in the same manner as it would if it were the owner of the related Mortgage Loan, that the security for, and the timely and full collectability of, such Mortgage Loan would not be adversely affected thereby. A partial release pursuant to this Section 3.05 shall be permitted only if the Combined Loan-to-Value Ratio for such Mortgage Loan after such partial release does not exceed the Combined Loan-to-Value Ratio for such Mortgage Loan as of the Cut-Off Date. Any fee collected by the Servicer or the related Subservicer for processing such request will be retained by the Servicer or such Subservicer as additional servicing compensation.

  • Service Agreements Manager shall negotiate and execute on behalf of Owner such agreements which Manager deems necessary or advisable for the furnishing of utilities, services, concessions and supplies, for the maintenance, repair and operation of the Property and such other agreements which may benefit the Property or be incidental to the matters for which Manager is responsible hereunder.

  • Acquisition Agreements If the Equipment is subject to any Acquisition Agreement, Lessee, as part of this lease, transfers and assigns to Lessor all of its rights, but none of its obligations (except for Lessee's obligation to pay for the Equipment conditioned upon Lessee's acceptance in accordance with Paragraph 6), in and to the Acquisition Agreement, including but not limited to the right to take title to the Equipment. Lessee shall indemnify and hold Lessor harmless in accordance with Paragraph 19 from any liability resulting from any Acquisition Agreement as well as liabilities resulting from any Acquisition Agreement Lessor is required to enter into on behalf of Lessee or with Lessee for purposes of this lease.

  • Support Agreements Each member of the Seller Board shall have executed and delivered to Buyer a Support Agreement in the form attached as Exhibit A.

  • Existing Arrangements From and after the Effective Time, the Surviving Corporation will (and Parent will cause the Surviving Corporation to) honor all of the Employee Plans and compensation and severance arrangements in accordance with their terms as in effect immediately prior to the Effective Time. Notwithstanding the foregoing, nothing will prohibit the Surviving Corporation from in any way amending, modifying or terminating any such Employee Plans or compensation or severance arrangements in accordance with their terms or if otherwise required pursuant to applicable law.

  • Customer Agreement In the event of a conflict between this Agreement and any other agreement between the Bank and the Grantor, the terms of this Agreement will prevail.

  • Services Agreements For at least the first twelve (12) months after Closing, the Parties agree that all research, development, and regulatory activities to be performed under the Work Plan (which will be agreed upon in accordance with the Operating Agreement of the Company) shall be conducted by the Parties as in-kind contributions to the Company, except as otherwise provided in the Operating Agreement. Such activities shall be performed pursuant to a services agreement between each of the Parties and the Company, which services agreements shall be included in the Future Related Agreements. *** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

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