Common use of NRE Payments Clause in Contracts

NRE Payments. SEEQ shall pay Non-recurring Engineering ("NRE") charges as follows: 1.7.1 SEEQ shall pay to HMC all NRE charges incurred to establish [*] manufacturing in HMC's Facility, and shall pay such charges within thirty (30) days after receipt of an invoice therefor, as follows: (a) SEEQ shall pay to HMC [*] upon delivery to HMC of a completed mask set by the mask vendor; (b) SEEQ shall pay to HMC [*] upon delivery by HMC to SEEQ of eight (8) or more wafers from the first engineering lot under this Agreement; (c) SEEQ shall pay to HMC [*] upon delivery by HMC to SEEQ of eight (8) or more wafers from the second engineering lot under this Agreement. 1.7.2 SEEQ shall pay to HMC all NRE charges incurred to transfer the [*] product for manufacturing in HMC's Facility, and shall pay such charges within thirty (30) days after receipt of an invoice therefor, as follows: (a) SEEQ shall pay to HMC [*] upon delivery to HMC of a completed mask set by the mask vendor; (b) SEEQ shall pay to HMC [*] upon delivery by HMC to SEEQ of eight (8) or more wafers from the first engineering lot under this Agreement; (c) SEEQ shall pay to HMC [*] upon delivery [*] INDICATES THAT MATERIAL HAS BEEN OMITTED AND CONFIDENTIAL TREATMENT HAS BEEN REQUESTED THEREFOR. ALL SUCH OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE COMMISSION PURSUANT TO RULE 24b-2.

NRE Payments. SEEQ shall pay Non-recurring Engineering ("NRE") charges as follows: 1.7.1 SEEQ shall pay to HMC all NRE charges incurred to establish [*] manufacturing in HMC's Facility, and shall pay such charges within thirty (30) days after receipt of an invoice therefor, as follows: (a) SEEQ shall pay to HMC [*] upon delivery to HMC of a completed mask set by the mask vendor; (b) SEEQ shall pay to HMC [*] upon delivery by HMC to SEEQ of eight (8) or more wafers from the first engineering lot under this Agreement; (c) SEEQ shall pay to HMC [*] upon delivery by HMC to SEEQ of eight (8) or more wafers from the second engineering lot under this Agreement. 1.7.2 SEEQ shall pay to HMC all NRE charges incurred to transfer the [*] product for manufacturing in HMC's Facility, and shall pay such charges within thirty (30) days after receipt of an invoice therefor, as follows: (a) SEEQ shall pay to HMC [*] upon delivery to HMC of a completed mask set by the mask vendor; (b) SEEQ shall pay to HMC [*] upon delivery by HMC to SEEQ of eight (8) or more wafers 10 from the first engineering lot under this Agreement; (c) SEEQ shall pay to HMC upon delivery by HMC to SEEQ of eight (8) or more wafers from the second engineering lot under this Agreement. 1.7.3 SEEQ shall pay to HMC all NRE charges incurred to transfer and for start-up of the product for manufacturing in HMC's Facility, and shall pay such charges within thirty (30) days after receipt of an invoice therefor, as follows: (a) SEEQ shall pay to HMC upon delivery to HMC of a completed mask set by the mask vendor; (b) SEEQ shall pay to HMC upon delivery by HMC to SEEQ of eight (8) or more wafers from the first engineering lot under this Agreement; (c) SEEQ shall pay to HMC [*] upon delivery [*] INDICATES THAT MATERIAL HAS BEEN OMITTED AND CONFIDENTIAL TREATMENT HAS BEEN REQUESTED THEREFOR. ALL SUCH OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE COMMISSION PURSUANT TO RULE 24b-2by HMC to SEEQ of eight (8) or more wafers from the second engineering lot under this Agreement. 1.7.4 It is the intent of SEEQ and HMC that all NRE work to be performed under this Agreement will be completed by December 31, 1995, and that all NRE charges to be paid by SEEQ under this Agreement will be paid by December 31, 1995.

NRE Payments. SEEQ shall pay Non-recurring Engineering ("NRE") charges as follows: 1.7.1 SEEQ shall pay to HMC all NRE charges incurred to establish [*] manufacturing in HMC's Facility, and shall pay such charges within thirty (30) days after receipt of an invoice therefor, as follows: (a) SEEQ shall pay to HMC [*] upon delivery to HMC of a completed mask set by the mask vendor; (b) SEEQ shall pay to HMC [*] upon delivery by HMC to SEEQ of eight (8) or more wafers from the first engineering lot under this Agreement; (c) SEEQ shall pay to HMC [*] upon delivery by HMC to SEEQ of eight (8) or more wafers from the second engineering lot under this Agreement. 1.7.2 SEEQ shall pay to HMC all NRE charges incurred to transfer the [*] product for manufacturing in HMC's Facility, and shall pay such charges within thirty (30) days after receipt of an invoice therefor, as follows: (a) SEEQ shall pay to HMC [*] upon delivery to HMC of a completed mask set by the mask vendor; (b) SEEQ shall pay to HMC [*] upon delivery by HMC to SEEQ of eight (8) or more wafers from the first engineering lot under this Agreement; (c) SEEQ shall pay to HMC [*] upon delivery [*] INDICATES THAT MATERIAL HAS BEEN OMITTED AND CONFIDENTIAL TREATMENT HAS BEEN REQUESTED THEREFOR. ALL SUCH OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE COMMISSION PURSUANT TO RULE 24b-2by HMC to SEEQ of eight (8) or more wafers from the second engineering lot under this Agreement. 1.7.3 SEEQ shall pay to HMC all NRE charges incurred to transfer and for start-up of the product for manufacturing in HMC's Facility, and shall pay such charges within thirty (30) days after receipt of an invoice therefor, as follows: (a) SEEQ shall pay to HMC upon delivery to HMC of a completed mask set by the mask vendor; (b) SEEQ shall pay to HMC upon delivery by HMC to SEEQ of eight (8) or more wafers from the first engineering lot under this Agreement; (c) SEEQ shall pay to HMC upon delivery by HMC to SEEQ of eight (8) or more wafers from the second engineering lot under this Agreement. 1.7.4 It is the intent of SEEQ and HMC that all NRE work to be performed under this Agreement will be completed by December 31, 1995, and that all NRE charges to be paid by SEEQ under this Agreement will be paid by December 31, 1995.

NRE Payments. SEEQ shall pay Non-recurring Engineering ("NRE") charges as follows: 1.7.1 SEEQ shall pay to HMC all NRE charges incurred to establish [*] manufacturing in HMC's Facility, and shall pay such charges within thirty (30) days after receipt of an invoice therefor, as follows: (a) SEEQ shall pay to HMC [*] upon delivery to HMC of a completed mask set by the mask vendor; (b) SEEQ shall pay to HMC [*] upon delivery by HMC to SEEQ of eight (8) or more wafers from the first engineering lot under this Agreement; (c) SEEQ shall pay to HMC [*] upon delivery by HMC to SEEQ of eight (8) or more wafers from the second engineering lot under this Agreement. 1.7.2 SEEQ shall pay to HMC all NRE charges incurred to transfer the [*] product for manufacturing in HMC's Facility, and shall pay such charges within thirty (30) days after receipt of an invoice therefor, as follows: (a) SEEQ shall pay to HMC [*] upon delivery to HMC of a completed mask set by the mask vendor; (b) SEEQ shall pay to HMC [*] upon delivery by HMC to SEEQ of eight (8) or more wafers from the first engineering lot under this Agreement; (c) SEEQ shall pay to HMC [*] upon delivery [*] INDICATES THAT MATERIAL HAS BEEN OMITTED AND CONFIDENTIAL TREATMENT HAS BEEN REQUESTED THEREFOR. ALL SUCH OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE COMMISSION PURSUANT TO RULE 24b-2. under this Agreement; (c) SEEQ shall pay to HMC [*] upon delivery by HMC to SEEQ of eight (8) or more wafers from the second engineering lot under this Agreement. 1.7.3 SEEQ shall pay to HMC all NRE charges incurred to transfer and for start-up of the [*] product for manufacturing in HMC's Facility, and shall pay such charges within thirty (30) days after receipt of an invoice therefor, as follows: (a) SEEQ shall pay to HMC [*] upon delivery to HMC of a completed mask set by the mask vendor; (b) SEEQ shall pay to HMC [*] upon delivery by HMC to SEEQ of eight (8) or more wafers from the first engineering lot under this Agreement; (c) SEEQ shall pay to HMC [*] upon delivery by HMC to SEEQ of eight (8) or more wafers from the second engineering lot under this Agreement. 1.7.4 It is the intent of SEEQ and HMC that all NRE work to be performed under this Agreement will be completed by December 31, 1995, and that all NRE charges to be paid by SEEQ under this Agreement will be paid by December 31, 1995.