Examples of First Shipment Date in a sentence
Starting on the First Shipment Date and each Year during the term of this Agreement thereafter, TIANWEI agrees to purchase from HOKU, and HOKU agrees to sell to TIANWEI, the Minimum Annual Quantity of Product at the prices set forth on Appendix 1 to this Agreement (the “Pricing Schedule”).
For each line of Licensed Products, Licensee shall not be permitted to begin selling into the mass market until at least twelve months after the First Shipment Date of such line.
If Licensee has a First Shipment Date for a new line of Licensed Products within the first fifteen months following the First Shipment Date for the previous line of Licensed Products, then Licensee shall be free to begin selling the previously launched line to mass market upon the First Shipment Date of the new line, but in no event earlier than twelve months following the First Shipment Date of the previous line.
The term of this Agreement (the "Initial Term") shall commence on the date of signature of this Agreement by both parties, and shall expire eight (8) years after the date of the first shipment of Product ("First Shipment Date"), unless terminated earlier in accordance with the provisions of this Agreement, and shall be renewable by BUYER for five (5) subsequent periods of three (3) years each.
Refining Premiums as shown in Exhibit B (attached hereto and incorporated herein by reference) are guaranteed for a period of five (5) years from First Shipment Date (as defined in Section 8(A) hereof.