Second Storage Facility Sample Clauses

Second Storage Facility. Not later than 6 months prior to the anticipated date of commercialization contained in Ocera’s notice under Section 3.1 or 1 year after such notice, whichever is later, Kureha will qualify and thereafter keep qualified an additional storage facility to store a part of the Buffer Stock (a “Second Storage Facility”). The Second Storage Facility will be located approximately 80 kilometers away from, then existing storage facility. Unless otherwise agreed by the parties, no less than [*] of the Minimum Buffer Stock will be stored at the Second Storage Facility. Notwithstanding any provisions hereof, the cost of qualifying and keeping qualified the Second Storage Facility, storage fee for the Buffer Stock at the Second Storage Facility (but the storage fee shall not include the cost of transporting any Buffer Stock to the Second Storage Facility) shall be borne by Ocera. Kureha shall provide Ocera with an estimated budget of such cost and storage fee annually, and Ocera may discuss such cost and storage fee with Kureha. The selection of the site of the Second Storage Facility and the annual budget for such cost and storage fee shall be subject to mutual agreement by Kureha and Ocera, such agreement shall not to be unreasonably withheld. Notwithstanding any provisions hereof, if Kureha and Ocera do not reach agreement on the site of the Second Storage Facility and the annual budget for such cost and storage fee, Kureha does not have any obligation to store any Buffer Stock at the Second Storage Facility.
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