Tooling definition
Examples of Tooling in a sentence
The Seller acknowledges and agrees that the only obligations and liabilities that the Group Companies shall have following Completion with respect to Clear Channel España, S.L.U. shall be: (i) the obligations and liabilities under each of the Spain Transitional Services Agreement, the Spain IP Licence, the Design and Tooling Licence and the Trade Mark Licence; and (ii) the relevant obligations and liabilities expressly set out in this Agreement.
Tooling for new items will be paid by the Buyer and items will be priced based on rates of comparable items in the portfolio.
The Spare Parts Provisioning and Tooling Credit is a firm, fixed amount, not subject to escalation.