Seller Tooling definition
Examples of Seller Tooling in a sentence
Buyer has no right, title, or interest in or to any of the Seller Tooling.
Seller may retain the Seller Tooling at the conclusion of the commercial relationship between Seller and Buyer with respect to the affected Products or Services.
Buyer acquires no interest in the Seller Tooling, notwithstanding any charges, amortizations or other costs included in the pricing or otherwise paid by Buyer in relation to the Seller Tooling.
Seller will own Seller Tooling and shall be responsible for any and all costs and expenses associated with Seller Tooling.
Seller shall be solely responsible for the Suppliers of all Seller Tooling and Seller Parts for the Base Vehicles.
Without limiting the foregoing, Seller, at its sole cost and expense, agrees to perform all necessary repair, replacement, and maintenance on Seller Tooling, including keeping the Seller Tooling in the condition necessary to manufacture the Base Vehicles as required in this Agreement.
Seller, or its Suppliers, shall be responsible for purchasing or building all Seller Tooling necessary to manufacture and assemble the Base Vehicles and any Seller Parts.
The Engineering Work for which Seller shall be responsible for includes all engineering, research and development, including but not limited to, labor and material resources applied to complete the activities related to styling, design, testing, development and certification, and Seller Tooling necessary to manufacture and assemble the Base Vehicle.
Seller may retain the Seller Tooling at the conclusion of the commercial relationship between Seller and Buyer with respect to the applicable Products or Services.
Seller will consider in good faith any Volume Adjustments requested by Buyer; provided however, Seller's ability to accept a Volume Adjustments will be depend on, among other things, the availability of Seller Parts, capacity of the Facility and Seller Tooling to manufacture in accordance with the Volume Adjustments, and commitments to Suppliers.