TENDERS; STOCKIST SERVICES Sample Clauses

TENDERS; STOCKIST SERVICES. If required by applicable law (including tender laws) within any country within the Territory that Guidant continue to distribute Products to customers under existing contracts, then following the termination of the Transition Period, pursuant to the applicable contract or contracts, Guidant will continue to (i) purchase Products from and remit payment to MTI, (ii) distribute such Products, (iii) provide billing and collection services with respect to such Products, and (iv) provide customer service for such Products (the "Stockist Services"). Following the termination of the Transition Period, Guidant shall perform such Stockist Services for a fee in the amount of ten percent (10%) of Net Sales by Guidant until such time as MTI can, subject to applicable tender laws and contracts, itself perform such Stockist Services. In such event, Guidant and MTI should make all commercially reasonable efforts to save business and successfully convert tenders to MTI. MTI shall not pay Guidant any fees described in Section 3 of this Termination Agreement with respect to the Stockist Services. The timing, payment and delivery terms of the purchase, distribution, billing, collection and customer service aspects of the Stockist Services shall be performed in accordance with the provisions of Sections 6, 7 and 8 of the Distribution Agreement, the applicable provisions of which are hereby incorporated herein by reference for the purpose of this Section 1(h) and which shall survive termination of the Distribution Agreement for the purpose of the Stockist Services. Upon the termination of Guidant's obligation to perform the Stockist Services, Guidant may sell to MTI all or any part of its remaining inventory of the Products that were sold to Guidant following the termination of the Transition Period for the purpose of the Stockist Services, and MTI agrees to repurchase all of such Products from Guidant within forty-five (45) days of the termination of Guidant's obligation to perform the Stockist Services. The price for such repurchase shall be the Cost paid by Guidant to MTI pursuant to the terms of the Distribution Agreement, plus applicable freight charges, insurance and other costs of shipping and handling, taxes, duties and the like.
Sample 1
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Related to TENDERS; STOCKIST SERVICES

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