Financing Interim Period definition
Financing Interim Period has the meaning ascribed thereto in sub- section 24.9(a).
Financing Interim Period means the period from the Effective Date to July 29, 1996. In the event of a termination of this Agreement pursuant to this subsection 10.10, the Owner will remain liable for amounts due to the Vendor for (i) amounts owed by the Owner to the Vendor prior to such termination, (ii) all Products which are forecasted in the first five months of the then current Forecast Period for the then current Forecast (up to the full amount of such forecasted Products) which are delivered by the Vendor pursuant to the specific terms of this Agreement to the FOB point, the Owner and/or any of its facilities or sites in accordance with the terms of this Agreement and (iii) all such other amounts for customization, specific engineering or change orders ordered by the Owner prior to such termination. Any amounts owed by the Owner for Products delivered by the Vendor during such Financing Interim Period not otherwise invoiced to the Owner by the Vendor prior to the termination of such Financing Interim Period, will be invoiced to the Owner by the Vendor within thirty (30) days (but failure to so invoice will not excuse the Owner's obligation to otherwise pay the Vendor pursuant to the terms of this subsection 10.10) of such termination pursuant to this subsection 10.10 and will be payable by the Owner within thirty (30) days of receipt of such invoice. Except as specifically set forth in clause (i), clause (ii) and/or clause (iii) above, in this subsection 10.10, in no event will the Owner be liable to the Vendor due to a termination of this Agreement pursuant to this subsection 10.10 for any of the Vendor's direct or indirect costs or expenses incurred in connection with any supplies or equipment ordered by the Vendor or agreements entered into by the Vendor in order to enable it to fulfill its obligations hereunder or in connection with the establishment of and/or upgrade to its manufacturing, personnel, engineering, administrative or other capacities and/or resources in contemplation of or pursuant to its performance in accordance with the terms of this Agreement.
Examples of Financing Interim Period in a sentence
The "Financing Interim Period" means the period from the Effective Date to July 29, 1996.