Spare Parts Stock Sample Clauses

Spare Parts Stock. Suny shall keep at all times a stock of spare parts and accessories for Products to cover its customers’ requirements in Territory. It is also the responsibility of Suny to see that only such spare parts as are supplied or approved by Samsung are sold or used within Territory. Samsung shall provide Suny with six (6) months advance notice of any decision to terminate the manufacturing of any model and it undertakes to supply spare parts to any such model the manufacturing of which is terminated until the end of three (3) years after such termination or termination of this Agreement for any cause at the agreed prices.
Sample 1
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Spare Parts Stock. Distributor shall keep at all times a stock of spare parts and accessories for Products to cover its customers’ (including PCL) requirements in Territory. It is also the responsibility of Distributor to see that only such spare parts as are supplied or approved by SEC are sold or used within Territory. SEC shall provide Distributor with 6 months advance notice of any decision to terminate the manufacturing of any model and it undertakes to supply spare parts to any such model the manufacturing of which is terminated until the end of three years after such termination or termination of this agreement for any cause at the agreed prices.
Sample 1
Spare Parts Stock. (i) The Project Operator shall purchase, as agent for and on behalf of the Owners, store (in accordance with the relevant suppliers' recommendations), and administer a stock of components, maintenance items and other spare parts used (or reasonably anticipated to be used) in the Project, all of which shall belong to the Owners. The Project Operator shall, to the extent necessary and appropriate, store such spare parts in one or more well-organized facilities accessible with forklift trucks and safeguarded from damage and theft;
Sample 1

Related to Spare Parts Stock

  • Cancellation of Treasury Stock and Parent-Owned Stock Any shares of Company Common Stock that are owned by the Company as treasury stock, and any shares of Company Common Stock owned by Parent or Merger Sub, shall be automatically canceled and shall cease to exist and no consideration shall be delivered in exchange therefor.

  • Reservation of Common Shares As of the date hereof, the Company has reserved and the Company shall continue to reserve and keep available at all times, free of preemptive rights, a sufficient number of Common Shares for the purpose of enabling the Company to issue Shares pursuant to this Agreement and Warrant Shares pursuant to any exercise of the Warrants.

  • Transfer of Common Stock The Common Stock to be delivered hereunder, or any interest therein, may be sold, assigned, pledged, hypothecated, encumbered, or transferred or disposed of in any other manner, in whole or in part, only in compliance with the terms, conditions and restrictions as set forth in the governing instruments of the Company, applicable federal and state securities laws or any other applicable laws or regulations and the terms and conditions hereof.

  • Reservation of Common Stock As of the date hereof, the Company has reserved and the Company shall continue to reserve and keep available at all times, free of preemptive rights, a sufficient number of shares of Common Stock for the purpose of enabling the Company to issue Shares pursuant to this Agreement and Warrant Shares pursuant to any exercise of the Warrants.

  • Options, Warrants, Reserved Shares Except for (i) the warrant issued to Value Partners Greater China High Yield Income Fund in March 2019, (ii) any A Shares (and options and warrants therefor) reserved for issuance to the employees, directors, and consultants of the Group Companies pursuant to any equity incentive plan that may be adopted from time to time by the Company, (iii) as provided in the Restated Articles, and (iv) any A Shares to be issued to certain potential investors for this financing round on or around April 30, 2019, including the transactions contemplated herein, there are no options, warrants, conversion privileges, agreements, or rights of any kind with respect to the issuance or purchase of the Purchased Shares or any other securities of the Company. Apart from any exceptions noted in the Restated Articles, no outstanding shares (including the Purchased Shares), or shares issuable upon exercise or exchange of any outstanding options, warrants, or other shares issuable by the Company, are subject to any preemptive rights, rights of first refusal, or other rights of any kind to purchase such shares (whether in favor of the Company or any other person).

  • Adjustment of Exercise Price, Number of Shares of Common Stock or Number of the Company Warrants The Exercise Price, the number of shares covered by each Warrant and the number of Warrants outstanding are subject to adjustment from time to time as provided in Section 3 of the Warrant Certificate. In the event that at any time, as a result of an adjustment made pursuant to Section 3 of the Warrant Certificate, the Holder of any Warrant thereafter exercised shall become entitled to receive any shares of capital stock of the Company other than shares of Common Stock, thereafter the number of such other shares so receivable upon exercise of any Warrant shall be subject to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions with respect to the shares contained in Section 3 of the Warrant Certificate and the provisions of Sections 7, 11 and 12 of this Agreement with respect to the shares of Common Stock shall apply on like terms to any such other shares. All Warrants originally issued by the Company subsequent to any adjustment made to the Exercise Price pursuant to the Warrant Certificate shall evidence the right to purchase, at the adjusted Exercise Price, the number of shares of Common Stock purchasable from time to time hereunder upon exercise of the Warrants, all subject to further adjustment as provided herein.

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