Company Supplier definition
Examples of Company Supplier in a sentence
In the event of actual or suspected unauthorized disclosure of, access to, or other breach of the obligations set forth herein or in the Agreement with respect to Company Confidential Information, without limiting or waiving any other rights or remedies available to Company, Supplier shall promptly investigate the breach, perform a root cause analysis on the breach, inform Company of the root cause analysis and proposed remedial actions and schedule to prevent the same or similar breach.
If Customer is a Proprietary Limited Company, Supplier reserves the right to require a guarantee and indemnity (in a form and for an amount satisfactory to Supplier) from the directors of that Customer, such guarantee and indemnity to be current for the term of this agreement.
Further, if requested by Company, Supplier shall take the necessary steps to dispose of the unrepairable MATERIAL and pay to Company the salvage value, if any.
If requested by Company, Supplier will sell to Company a replacement at the price set forth in Supplier's then current agreement with Company for said MATERIAL or, if no such agreement exists, at a price agreed upon by Supplier and Company.
In consideration of the execution of this Agreement by Company, Supplier hereby releases Company from all claims, demands, contracts and liabilities, if any, as of the date of execution of this Agreement, except indebtedness, which may be owing upon a written contract signed by Company.
When requested by Company, Supplier shall provide documentation that authenticates the traceability of the affected items.
To the extent any local law prohibits the assignment of such Contract Developments by Supplier to Company, Supplier hereby grants to Company a worldwide, exclusive (even as to Supplier), permanent, royalty-free, fully paid-up license with a right to sublicense to others, to make, to have made, to use, to have used, to sell, to have sold, to import and to have imported such Contact Developments.
For all Merchandise not yet shipped to Company, Supplier agrees to meet the price of any of its competitors selling comparable merchandise.
If requested by Company, Supplier shall, within five (5) days of such request, provide adequate assurance that the delay will not exceed such period of time as Company deems appropriate.
The principal terms of the Purchase Agreements are as follows: Buyer: the Company Supplier: a limited liability company incorporated in the PRC, which is principally engaged in the research, development, production and sales of fluid machinery equipment and accessories, complete system (excluding chemical products).