Option - Special Tools Sample Clauses

Option - Special Tools. (a) The Contractor grants to the Principal an option to purchase some or all of the Special Tools. (b) The Principal can exercise the option to purchase the Special Tools not later than 10 Business Days after: (1) the expiry of the Maintenance Period; or (2) any early termination of this Agreement. (c) On the expiry of the Maintenance Period, or, earlier termination of this Agreement, the Contractor must not dispose of Special Tools until the expiry of the period of the option granted as specified in subclause (b), unless the Principal gives a contrary direction to the Contractor in writing. (d) If the Principal exercises the option to purchase the Special Tools as set out in this clause: (1) the Contractor must sell to the Principal; and (2) the Principal must purchase, the Special Tools for a reasonable price. (e) The Contractor must, on request by the Principal, grant to the Principal the right to inspect the Special Tools at any time prior to the expiry of the period specified in subclause (b). (f) On the exercise of the option the Contractor must, as directed by the Principal: (1) deliver the Special Tools to the Principal; or (2) make the Special Tools available to the Principal at the place nominated by the Principal. (g) Any cost reasonably incurred by the Contractor in delivering the Special Tools to a place directed by the Principal in accordance with subclause (f) must be paid by the Principal. (h) Where any Special Tools are subject to a finance lease, hire purchase agreement or other finance instrument, the Contractor must, as directed by the Principal either: (1) pay out in full any financial accommodation provided to the Contractor in respect of the Special Tools; or (2) assign or transfer all rights and obligations of the Contractor under the finance lease, hire purchase agreement or other financial agreement to the Principal. (i) The Contractor must provide to the Principal all information applicable in respect of any finance lease, hire purchase agreement, or other financial agreement, relating to the Special Tools promptly on request by the Principal. (j) Subject to the preceding provisions of this clause, where the option is exercised by the Principal, the Special Tools will be sold by the Contractor to the Principal, free of all encumbrances. (k) The purchase price for the Special Tools will be the reasonable price: (1) agreed between the Principal and the Contractor within 10 Business Days of the exercise of the option by the Principa...
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Related to Option - Special Tools

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  • Hardware Warranty Company warrants that for a period of one (1) year from delivery of Hardware, Hardware will be free from defects in material and workmanship in normal use, but does not cover any of the following: (i) improper installation, maintenance, adjustment, repair or modification by Customer or a third party; (ii) misuse, neglect, or any other cause other than ordinary use, including without limitation, accidents or acts of God; (iii) improper environment, excessive or inadequate heating or air conditioning, electrical power failures, surges, water damage or other irregularities; (iv) third party software or software drivers; or (v) damage during shipment.

  • Option to Build If the dates designated by Developer are not acceptable to Connecting Transmission Owner, the Connecting Transmission Owner shall so notify the Developer and NYISO within thirty (30) Calendar Days, and unless the Developer and Connecting Transmission Owner agree otherwise, Developer shall have the option to assume responsibility for the design, procurement and construction of Connecting Transmission Owner’s Attachment Facilities and Stand Alone System Upgrade Facilities on the dates specified in Article 5.1.2; provided that if an Attachment Facility or Stand Alone System Upgrade Facility is needed for more than one Developer’s project, Developer’s option to build such Facility shall be contingent on the agreement of all other affected Developers. NYISO, Connecting Transmission Owner and Developer must agree as to what constitutes Stand Alone System Upgrade Facilities and identify such Stand Alone System Upgrade Facilities in Appendix A hereto. Except for Stand Alone System Upgrade Facilities, Developer shall have no right to construct System Upgrade Facilities under this option.

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  • Server Software Subject to the terms and conditions of this XXXX, Vocera grants you the non-exclusive right to (i) install and run (“Use”) the Server Software on computer systems (each, a “Server Computer”) located at End User’s Facilities in the geographic territory designated above (“Territory”); (ii) to Use the Client Software in conjunction with Authorized Client Devices and such Server Computers; and (iii) for pilot licenses for certain Software provided on a trial basis, use such Software for the limited term specified by Vocera in writing. You may Use the standard Server Software on one primary Server Computer (or a primary cluster of computers suitably configured for productive use of the Server Software). You may install backup copies of the Server Software on backup Server Computers to provide redundancy in the event of failure of the primary Server Computer(s) but, unless you have acquired additional licenses or a failover license from Vocera, you may not run such backup or additional copies concurrently with the primary copies. Vocera grants you the right to use the applicable License Key issued by Vocera only to enable Use of the Server Software in conjunction with the licensed Server Computers. Server Software may be licensed for a Subscription Term as specified in the Quote.

  • PROPRIETARY/RESTRICTIVE SPECIFICATIONS If a prospective bidder considers the specification contained herein to be proprietary or restrictive in nature, thus potentially resulting in reduced competition, they are urged to contact the Procurement Division prior to bid opening. Specifications which are unrelated to performance will be considered for deletion via addendum to this Invitation for Bids.

  • Inspection Rights Permit representatives and independent contractors of the Administrative Agent and each Lender to visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs, finances and accounts with its directors, officers, and independent public accountants (subject to such accountants’ customary policies and procedures), all at the reasonable expense of the Borrower and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the Borrower; provided that, excluding any such visits and inspections during the continuation of an Event of Default, only the Administrative Agent on behalf of the Lenders may exercise rights of the Administrative Agent and the Lenders under this Section 6.10 and the Administrative Agent shall not exercise such rights more often than two times during any calendar year and only one (1) such time shall be at the Borrower’s expense; provided, further, that when an Event of Default exists, the Administrative Agent or any Lender (or any of their respective representatives or independent contractors) may do any of the foregoing at the expense of the Borrower at any time during normal business hours and upon reasonable advance notice. The Administrative Agent and the Lenders shall give the Borrower the opportunity to participate in any discussions with the Borrower’s independent public accountants. Notwithstanding anything to the contrary in this Section 6.10, none of the Borrower nor any Restricted Subsidiary shall be required to disclose, permit the inspection, examination or making copies or abstracts of, or discussion of, any document, information or other matter that (i) constitutes non-financial trade secrets or non-financial proprietary information, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or their respective representatives or contractors) is prohibited by Law or (iii) is subject to attorney-client or similar privilege or constitutes attorney work-product.

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