Examples of Process Design Package in a sentence
If Licensor specifies in the Process Design Package an autothermal reforming catalyst commercially available from a third party, Licensee shall have the right to purchase such catalyst directly from a third party.
Such fee shall be invoiced by Licensor to Licensee after delivery of a Process Design Package and payment shall be due within 30 days from receipt of invoice by Licensee.
Such payment shall be due and payable, via electronic transfer to a U.S. located bank account to be established by GEC, upon receipt of invoice according to the following schedule: Payment 1: $1.0 million accompanying written notification to GEC to begin work on the Process Design Package, but no later than January 31, 2004.
If Licensee fails to make any Royalty or Process Design Package payments on a timely basis, GEC may suspend performance of its services under this Agreement and hold its work products until outstanding payments are received.
Such payment shall be due and payable, via electronic transfer to a U.S. located bank account to be established by GEC, upon receipt of invoice according to the following schedule: Payment 1: [*] accompanying written notification to GEC to begin work on the Process Design Package, but no later than January 31, 2004.