Prototype Units Sample Clauses

Prototype Units. Section 3.1. Nonrecurring Engineering Charges (“NRE”). CUSTOMER agrees to pay to HSA for the work performed during the first iteration, described in Section 3.2, the nonrecurring engineering charges as set forth in Exhibit A. The NRE includes engineering work for unprobed wafers or blind build units as previously agreed to by CUSTOMER and FOUNDRY.
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Prototype Units. Upon the reasonable request by Medtronic, Supplier shall meet with Medtronic to discuss the manufacture for Medtronic prototype units of a proposed Product. Supplier agrees to manufacture such prototype unit, provided that such prototype unit does not require any substantial or fundamental change to the transducer portion of any Product. Supplier shall manufacture multiple copies of the prototype units in order for Medtronic to verify design concepts. The number of prototypes that Supplier will deliver to Medtronic shall be as reasonably requested by Medtronic and pursuant to specifications reasonably requested by Medtronic. The cost of such prototypes shall be as determined under the definition of “Manufacturing Cost” and pursuant to paragraph 3 of Exhibit A hereto. Once prototypes are completed and can be provided on a commercially reasonable basis, such prototypes shall be considered “Products” hereunder, and any modifications (including modifications to hardware, software or mechanical features incorporated therein or associated therewith) required as a result of further testing will be done in accordance with the terms hereof.
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Prototype Units. Between the Effective Date and [***], Comtec will use its best efforts to develop, construct and deliver to Spectra [***] prototype Units of the Product meeting the specifications set forth in Exhibit A. On or before [***], Comtec will use its best efforts to construct and deliver to Spectra [***] additional prototype Units of the Product meeting said specifications. Spectra shall determine (which determination will not be unreasonably withheld) whether these prototype Products meet the fundamental required specifications and will function for their intended purpose; provided, however. Spectra acknowledges and agrees these prototype Units may possess operating characteristics that fall outside the specifications of the Product, with the understanding that the prototypes will perform the necessary basic functions of [***]. In addition, the parties acknowledge and agree that the aesthetics and the manner of construction of these prototype Units may vary in substantial respects from what will be the final version(s) of the Product. The parties agree to use their best efforts to complete the Project Development Program, including the acceptance process, by [***].
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Prototype Units. Engineering and Pre-production Prototypes: During the Product Development and Prototype Phase, Plexus may generate several versions of the unit to verify design concepts. The number of prototypes and/or pre-production units that Plexus will deliver to the Customer is outlined in the body of the proposal. These prototypes may or may not meet the requirements of the product specification. Once these units are built, any modifications (hardware, software, or mechanical) required as a result of further testing will be done by Plexus on a time and material basis.
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Prototype Units. [ ** ] prototype pre-production units of the OEM Product, [ ** ] of which units will have Baasel Model BLM 1000 housings, will be shipped by Baasel on or before May 15, 1997 Ex Works Starnberg, Germany, to CardioGenesis, and [ ** ] of which units, with the OEM Product housing, will remain with Baasel in Germany; and
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Prototype Units 
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Related to Prototype Units

  • Units Interests in the Partnership shall be represented by Units. The Units initially are comprised of one Class: Class A Units. The General Partner may establish, from time to time in accordance with such procedures as the General Partner shall determine from time to time, other Classes, one or more series of any such Classes, or other Partnership securities with such designations, preferences, rights, powers and duties (which may be senior to existing Classes and series of Units or other Partnership securities), as shall be determined by the General Partner, including (i) the right to share in Profits and Losses or items thereof; (ii) the right to share in Partnership distributions; (iii) the rights upon dissolution and liquidation of the Partnership; (iv) whether, and the terms and conditions upon which, the Partnership may or shall be required to redeem the Units or other Partnership securities (including sinking fund provisions); (v) whether such Unit or other Partnership security is issued with the privilege of conversion or exchange and, if so, the terms and conditions of such conversion or exchange; (vi) the terms and conditions upon which each Unit or other Partnership security will be issued, evidenced by certificates and assigned or transferred; (vii) the method for determining the Total Percentage Interest as to such Units or other Partnership securities; and (viii) the right, if any, of the holder of each such Unit or other Partnership security to vote on Partnership matters, including matters relating to the relative designations, preferences, rights, powers and duties of such Units or other Partnership securities. Except as expressly provided in this Agreement to the contrary, any reference to “Units” shall include the Class A Units and any other Classes that may be established in accordance with this Agreement. All Units of a particular Class shall have identical rights in all respects as all other Units of such Class, except in each case as otherwise specified in this Agreement.

  • Authorized Units Subject to the terms of this Agreement, the Company is authorized to issue equity interests in the Company designated as Units. The total number of Units that the Company shall have authority to issue is 1,000, all of which shall be designated as Common Units.

  • Purchase of the Units (a) The Company agrees to issue and sell the Underwritten Units to the several Underwriters as provided in this underwriting agreement (this “Agreement”), and each Underwriter, on the basis of the representations, warranties and agreements set forth herein and subject to the conditions set forth herein, agrees, severally and not jointly, to purchase at a price per Unit of $9.80 (the “Purchase Price”) from the Company the respective number of Underwritten Units set forth opposite such Underwriter’s name in Schedule 1 hereto.

  • Additional Units The General Partner may from time to time in its sole and absolute discretion admit any Person as an additional Limited Partner of the Partnership (each such Person, if so admitted, an “Additional Limited Partner” and, collectively, the “Additional Limited Partners”). A Person shall be deemed admitted as a Limited Partner at the time such Person (i) executes this Agreement or a counterpart of this Agreement and (ii) is named as a Limited Partner in the books of the Partnership. Each Substitute Limited Partner shall be deemed an Additional Limited Partner whose admission as an Additional Limited Partner has been approved in writing by the General Partner for all purposes hereunder. Subject to the satisfaction of the foregoing requirements and Sections 4.1(c) and 10.2(b), the General Partner is hereby expressly authorized to cause the Partnership to issue additional Units for such consideration and on such terms and conditions, and to such Persons, including the General Partner, any Limited Partner or any of their Affiliates, as shall be established by the General Partner in its sole and absolute discretion, in each case without the approval of any other Partner or any other Person. Without limiting the foregoing, but subject to Sections 4.1(c) and 10.2(b), the General Partner is expressly authorized to cause the Partnership to issue Units (A) upon the conversion, redemption or exchange of any debt or other securities issued by the Partnership, (B) for less than fair market value or no consideration, so long as the General Partner concludes that such issuance is in the best interests of the Partnership and its Partners, and (C) in connection with the merger of any other Person into the Partnership if the applicable merger agreement provides that Persons are to receive Units in exchange for their interests in the Person merging into the Partnership. The General Partner is hereby expressly authorized to take any action, including without limitation amending this Agreement without the approval of any other Partner, to reflect any issuance of additional Units. Subject to Sections 4.1(c) and 10.2(b), additional Units may be Class A Common Units, Class B Common Units or other Units.

  • The Units The Units to be issued and sold by the Company hereunder have been duly authorized by the Company and, when issued and delivered and paid for as provided herein, will be duly and validly issued, will constitute valid and legally binding obligations of the Company enforceable against the Company in accordance with their terms, except as enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating to enforceability, and will conform to the descriptions thereof in the Registration Statement, the Pricing Disclosure Package and the Prospectus; and the issuance of the Units is not subject to any preemptive or similar rights.

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

  • Restricted Share Units Restricted Share Units means Restricted Share Units granted to Participant under the Plan subject to such terms and conditions as the Committee may determine at the time of issuance.

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