Common use of Purchases by Authorized Third Party Clause in Contracts

Purchases by Authorized Third Party. Certain Items may be incorporated into subassemblies or other products made for Applied by a third party. In such event, Applied may designate the third party as authorized to purchase such Item(s) from Supplier and, upon Supplier’s receipt of notice thereof, Supplier shall enter into an agreement with such third party to sell such Item(s) to such third party on terms (including [*]) [*] the terms set forth in this Agreement specifically for use on subassemblies or other products that such third party will sell directly to Applied. Although Applied will have the right to require such a contract between Supplier and a third party designated by Applied to be on terms[*] the terms set forth in this Agreement, Applied will not be a party to the negotiations, nor a party to the resulting contract, between Supplier and such a designated third party.

Appears in 3 contracts

Samples: Global Supply Agreement (Advanced Energy Industries Inc), Global Supply Agreement (Advanced Energy Industries Inc), Global Supply Agreement (Advanced Energy Industries Inc)

AutoNDA by SimpleDocs

Purchases by Authorized Third Party. Certain Items may be incorporated into subassemblies or other products made for Applied by a third party. In such event, Applied may designate the third party as authorized to purchase such Item(s) from Supplier and, upon Supplier’s receipt of notice thereof, Supplier shall enter into an agreement with such third party to sell such Item(s) to such third party on terms (including [*]) [*] the terms set forth in this Agreement specifically for use on subassemblies or other products that such third party will sell directly to Applied. Although Applied will have the right to require such a contract between Supplier and a third party designated by Applied to be on terms[*] the terms set forth in this Agreement, Applied will not be a party to the negotiations, nor a party to the resulting contract, between Supplier and such a designated third party.

Appears in 1 contract

Samples: Global Supply Agreement (Advanced Energy Industries Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!