Base Products definition
Examples of Base Products in a sentence
Additionally, Komodo agrees to pay ESS a mutually agreed to, non-recurring one time engineering charge for implementing such modifications to the underlying ESS Base Products; provided, however, such engineering charge shall be the actual cost to ESS for implementing such modifications.
The foregoing license does not grant Synopsys any right or license to sublicense, sell or transfer IBM EDA Base Products to any third party.
ESS hereby agrees that the pricing for Modified Product(s) shipped by ESS and accepted by Komodo, shall be the total of: (i) [*****] for the underlying ESS Base Product(s) corresponding with such Modified Product(s), and (ii) the proportional increase in integrated circuit die size.
The Parties acknowledge and agree that any and all Intellectual Property Rights that arise out of such modification of the ESS Base Products (resulting in the Modified Products and any derivatives thereof) by or for Komodo, whether by ESS or a third party, shall be solely owned by Komodo and ESS hereby assigns any and all rights that it might have to such modifications and derivatives to Komodo.
ESS further agrees to hold in confidence as a fiduciary any modifications made to ESS Base Product(s) in the development of the Modified Product(s) and to take all necessary precautions to protect all of Komodo's Intellectual Property Rights regarding such modifications.
If the Buyer requests that Seller change the configuration of the Base Products, Buyer shall deliver to Seller an engineering change order (the "ENGINEERING CHANGE ORDER") specifying the required changes.
In the event that this Agreement is renewed pursuant to Section 2.2, then the Microfilm Base Products Percentage Purchase Obligation shall remain in effect for each Renewal Period.
If a completed Base Product has not been converted into a Final Product within 20 working days of completion of the Base Product because Buyer has not provided the Final Product configuration, the Seller will invoice the Buyer at the rate of 95% of the Final Product price listed in Exhibit C (which shall be credited against any subsequent invoice for the Final Product Configuration of those Base Products).
The base location of the exchange for purposes of calculating Differentials and balancing Base Products shall be Linden, NJ (the “Base Location”).
The price of the Magnetic Base Products shall be agreed to by the parties from time to time and shall be at amounts which are competitive with prevailing market prices for such Magnetic Base Products.