Examples of NTC Products in a sentence
Any reduction to the volume of the NTC Products as a result of NTC moving the production of the NTC Products with the non-conforming Specifications or because of an amendment or change to the Policy for Ingredients shall not be included in the volume of the NTC Products when determining the Volume Reduction Fee.
If the third party acquirer elects to transfer any or all of the NTC Products from the Manufacturing Plant in the 3rd year of the amended Agreement, the third party acquirer shall pay the Year 3 Fee for each pound of the NTC Products transferred from the Manufacturing Plant based on the Year Three Pounds.
SM shall, at its sole cost and expense, provide the Packaging Materials and all other standard packing materials and Common Ingredients (as per Schedule 5.5(a)) required for the production, manufacture, packaging and distribution of the NTC Products based upon the Specifications (the “SM Items”).
The term “Plant Machinery” shall mean the machinery, equipment, tooling, computer and information technology equipment necessary for the production, manufacture, packaging and distribution of the NTC Products, which includes such equipment (i) owned by SM (ii) leased or licensed by SM or (iii) leased or licensed to SM by NTC in accordance with Section 4.3.
SM shall rerun, repair or correct any material defects or discrepancies in the NTC Products that are discovered by either SM or NTC.
Such Specifications will be reviewed and approved by SM for the purpose of assuring that SM is capable of providing the enumerated services hereunder for the New NTC Products within said Specifications and within SM’s normal cost standards, and such approval shall not be unreasonably withheld by SM.
SM shall, at its own cost and expense, comply with all Laws regarding testing and/or analysis of the NTC Products.
NTC will provide sufficient quantities of NTC Products, as mutually agreed upon by SM and NTC, for SM to use as control products during this six month start-up period.
If SM intends to order more than 120 sales days of inventory, based upon the Budget Forecast provided pursuant to Section 5.2, for the Packaging Material for any NTC Products, then SM must notify NTC of such order and allow NTC an opportunity to, (i) approve such order and accept all potential obsolescence associated with the order, or (ii) modify such order and accept all incremental costs associated with the smaller volume runs at the supplier.
Pursuant to the terms of, and following commencement of, the Provisional Lease Agreement, this Agreement shall be modified as set forth in the Provisional Lease Agreement and SM shall lease to NTC the portion of the Manufacturing Plant and Plant Machinery utilized by SM for the production, manufacture, packaging and distribution of the NTC Products.