SUPPLY OF CAPACITORS Sample Clauses

SUPPLY OF CAPACITORS. 4.1) Upon MEDTRONIC's acceptance of WGL Capacitors developed during Phase One and Two, WGL will supply WGL Capacitors to MFDTRONIC which meet the agreed upon specifications pursuant to a definitive supply agreement, which will be negotiated by Medtronic and WGL during Phase II and executed by the Parties upon Medtronic's acceptance of the Phase II WGL Capacitors. The supply agreement negotiated in Phase II will (a) require Medtronic to purchase its entire annual requirements for tantalum capacitors from WGL, (b) will be similar in form and content to the supply agreements for silver vanadium oxide batteries currently in effect between WGL and Medtronic and (c) will contain the usual and customary provisions typical in supply agreements of this type, except the parties agree the supply agreement will not include excluding language related to license of technology, provisions for purchase quotas, manufacturing fees, minimum purchase requirements, or advance fees to maintain inventory. The parties do not anticipate the agreement will include any license to Medtronic of WGL intellectual property except to the extent such rights to Intellectual Property are required in order to permit Medtronic to incorporate the WGL Capacitor into Medtronic Product for sale and distribution, and other information specific to the design or manufacture of non-capacitor technology. Pricing for WGL Capacitors will be as stated in the Price List attached as Appendix C.
Sample 1
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Related to SUPPLY OF CAPACITORS

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