Manufacturing Facility Reservation Sample Clauses

Manufacturing Facility Reservation. Abbott shall reserve capacity for the Stage IIIa (as set forth in the Exhibits hereto) engineering and cGMP clinical supply batches and Seattle Genetics shall agree to pay for said reservation in Xxxxxx’x commercial manufacturing facility, on the date two (2) months prior to the initiation of Stage IIIa (currently estimated to be March 8, 2004) based on the then current Project Schedule, as may be revised by the Parties (the “Reserved Capacity”). The Reservation rate shall be One Million Five Hundred Thousand Dollars (US $1,500,000) per Stage IIIa engineering or clinical supply batch (the “Reservation Rate”) in accordance with the then current Project Schedule; provided however, that the aggregate Reservation Rate to complete Stage IIIa, which shall be agreed by the Parties in writing prior to Stage IIIa, shall not exceed Six Million Dollars (U.S. $6,000,000). Beginning on or around May 1, 2004, Abbott shall initiate the manufacture of one (1) engineering batch, followed by three (3) cGMP clinical supply batches meeting Bulk Drug Substance Specifications. Seattle Genetics, at its sole option, may (i) defer receipt and payment of the third clinical supply batch until January 3, 2005; or (ii) refuse delivery of the third clinical supply batch within ten (10) business days immediately following January 3, 2005. If Seattle Genetics, at its sole option chooses (ii) above, the amount Seattle Genetics shall pay to Abbott as part of the Reservation Rate shall be adjusted by payment or refund to equal Six Hundred Twenty Five Thousand Dollars (U.S. $625,000), net thirty (30) days from the date of receipt of Xxxxxx’x invoice, as a loss of business opportunity for Abbott. Once any such capacity Reservation occurs, and the initiation date for work in the commercial facility has passed, Abbott shall begin to invoice Seattle Genetics monthly according to the Payment Schedule. In the event that Seattle Genetics does not utilize the total number of batches of the Reserved Capacity to fulfill the Project obligations, the amount Seattle Genetics shall pay to Abbot shall be adjusted, by payment or refund, to equal Four Million Dollars (U.S. $4,000,000) of the aggregate Reservation Rate due Abbott pursuant to this Section 2.3. Notwithstanding the foregoing, if Abbott is able to resell any of its unused capacity for the Reserved Capacity, it shall provide Seattle Genetics with a reasonable credit, offset or refund (as elected by Seattle Genetics) in an amount to be determined i...
Sample 1
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Related to Manufacturing Facility Reservation

  • Office Space, Equipment and Facilities Provide such office space, office equipment and office facilities as are adequate to fulfill the Adviser’s obligations hereunder.

  • Floor Loading Floor loading capacity shall be within building design capacity. Tenant may exceed floor loading capacity with Landlord’s consent, at Landlord’s sole discretion and must, at Tenant’s sole cost and expense, reinforce the floor as required for such excess loading.

  • Equipment, Etc Each Grantor shall, (i) within ten (10) days after a written request by the Administrative Agent, in the case of Equipment now owned, and (ii) following a request by the Administrative Agent pursuant to subclause (i) above, within ten (10) days after acquiring any other Equipment, deliver to the Administrative Agent, any and all certificates of title, and applications therefor, if any, of such Equipment and shall cause the Administrative Agent to be named as lienholder on any such certificate of title and applications. No Grantor shall permit any such items to become a fixture to real estate or an accession to other personal property unless such real estate or personal property is the subject of a fixture filing (as defined in the UCC) creating a first priority perfected Lien in favor of the Administrative Agent.

  • Designated Equipment; Designated Locations The System and the Data Access Services shall be used and accessed solely on and through the Designated Configuration at the offices of the Fund or the Fund Accountants in Xxxxxxxxx, Xxxxxxxx xx Xxxxxx Xxxxx, Xxxxxxxx (“Designated Locations”).

  • Facility Prudential is willing to consider, in its sole discretion and within limits which may be authorized for purchase by Prudential Affiliates from time to time, the purchase of Shelf Notes pursuant to this Agreement. The willingness of Prudential to consider such purchase of Shelf Notes is herein called the “Facility”. At any time, the aggregate principal amount of Shelf Notes stated in Section 1.2, minus the aggregate principal amount of Shelf Notes purchased and sold pursuant to this Agreement prior to such time, minus the aggregate principal amount of Accepted Notes (as hereinafter defined) which have not yet been purchased and sold hereunder prior to such time, is herein called the “Available Facility Amount” at such time. NOTWITHSTANDING THE WILLINGNESS OF PRUDENTIAL TO CONSIDER PURCHASES OF SHELF NOTES BY PRUDENTIAL AFFILIATES, THIS AGREEMENT IS ENTERED INTO ON THE EXPRESS UNDERSTANDING THAT NEITHER PRUDENTIAL NOR ANY PRUDENTIAL AFFILIATE SHALL BE OBLIGATED TO MAKE OR ACCEPT OFFERS TO PURCHASE SHELF NOTES, OR TO QUOTE RATES, SPREADS OR OTHER TERMS WITH RESPECT TO SPECIFIC PURCHASES OF SHELF NOTES, AND THE FACILITY SHALL IN NO WAY BE CONSTRUED AS A COMMITMENT BY PRUDENTIAL OR ANY PRUDENTIAL AFFILIATE.

  • Underground Storage Tanks Borrower shall not install or permit to be installed on the Property any underground storage tank.

  • Underground Tanks If underground or other storage tanks storing Hazardous Materials located on the Premises or the Project are used by Tenant or are hereafter placed on the Premises or the Project by Tenant, Tenant shall install, use, monitor, operate, maintain, upgrade and manage such storage tanks, maintain appropriate records, obtain and maintain appropriate insurance, implement reporting procedures, properly close any underground storage tanks, and take or cause to be taken all other actions necessary or required under applicable state and federal Legal Requirements, as such now exists or may hereafter be adopted or amended in connection with the installation, use, maintenance, management, operation, upgrading and closure of such storage tanks.

  • Spares Boeing will revise, as applicable, the customized Recommended Spares Parts List (RSPL) and Illustrated Parts Catalog (IPC).

  • Securing Physical Facilities Transfer Agent shall maintain systems located in Transfer Agent facilities that host Fund Data or provide services under the Agreement in an environment that is designed to be physically secure and to allow access only to authorized individuals. A secure environment includes the availability of onsite security personnel on a 24 x 7 basis or equivalent means of monitoring locations supporting the delivery of services under the Agreement.

  • Communications Equipment Members of the board of directors or any committee thereof may participate in and act at any meeting of such board or committee through the use of a conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other, and participation in the meeting pursuant to this section shall constitute presence in person at the meeting.

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