Base Product definition
Examples of Base Product in a sentence
If none of the foregoing is, in Pentana Solutions’ opinion, commercially reasonable, Pentana may terminate any and all licenses and sublicenses to such Licensed System, Base Product or Result whereby all license fees paid for such Licensed System, Base Product or Result shall be refunded, however, with a reasonable deduction there from corresponding to the benefits enjoyed by the Customer for the period during which the Licensed System, Base Product or Result is used.
If none of the foregoing is, in Pentana Solutions’ opinion, commercially reasonable, Pentana Solutions may terminate any and all licenses and sublicenses to such Licensed System, Base Product or Result whereby all license fees paid for such Licensed System, Base Product or Result shall be refunded, however, with a reasonable deduction there from corresponding to the benefits enjoyed by the Customer for the period during which the Licensed System, Base Product or Result is used.
Bid For a Spread Product, represents an offer to enter into a Transaction for the Premium Product as a Buyer and an offer to enter into a Transaction for the Base Product as a Seller.
Product results in a Transaction in each of the Base Product and the Premium Product.
Point For a Base Product, the delivery point designated as such in the applicable Product Specification.