Product lease definition
Examples of Product lease in a sentence
The ChyronHego Products and Services, Deliverables, the Software Subscription fees, Maintenance fees, Product purchase fees, Product Subscription fees, Product lease fees, Services fees, Lease fees, Hardware fees, payment terms, and any special terms of this Agreement will be specified in one or more Orders signed by both Parties and any SOW entered into in connection with this Agreement.
This paragraph does not apply to any (i) any Product lease or (ii) any other agreement in which Participating Member has an obligation to purchase a specific or determinable quantity of equipment, sensors or other products from Seller over a specified time period (either (i) or (ii), a “Committed Purchase Agreement”); in such cases, the parties’ rights and obligations in the event of a third-party infringement claim are governed by the terms of the Committed Purchase Agreement.
For purposes of determining whether the Distributor has met its purchase commitment pursuant to this Exhibit A, purchase shall equal the Japanese yen amount generated by the Distributor from distributing the Products under this Agreement and the Product lease under October 1, 2000 Product Lease Agreement between the Distributor and the Company.