MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks
MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks
MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks
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efurbishment, restoration or repair with respect to such Refurbished Item that costs,<br />
individually, $2,000 or more (based upon documented, reasonably allocable cost of labor and<br />
documented out-of-pocket costs and expenses) and is required to fulfill any customer order<br />
invoiced by Buyer or the applicable Buyer Party within thirty (30) days after the date of the<br />
completion of such refurbishment, restoration or repair, Seller shall provide to Buyer or such<br />
Buyer Party a future credit on purchases of products or parts in an amount equal to the<br />
documented amount of such costs of refurbishment, restoration or repair; provided, that Seller<br />
shall have no further obligations pursuant to this Section 6.17 after the second anniversary of the<br />
Initial Closing Date or Canada Closing Date (as applicable); provided, further, that the<br />
maximum, aggregate Liability of Seller pursuant to this Section 6.17 shall not exceed an amount<br />
equal to five percent (5%) of the aggregate value assigned to the Initial Closing Acquired<br />
Inventory or the Canada Acquired Inventory (as applicable) (excluding any raw materials or<br />
Acquired WIP) in connection with the calculation of Initial Closing Net Working Capital or the<br />
Canada Closing Net Working Capital (as applicable).<br />
6.18 Transferred Prime Product Orders; Retained Orders.<br />
(a) Performance of Transferred Prime Product Orders. Buyer shall, or shall<br />
cause the applicable Buyer Party to, perform the Transferred Prime Product Orders.<br />
(b) Payment of the Buyer Base Machine Price. Buyer shall, or shall cause the<br />
applicable Buyer Party to, pay to the applicable Seller, or the applicable Affiliate of Seller, the<br />
Buyer Base Machine Price for each Base Machine that Seller, or any Affiliate of Seller, delivers<br />
to Buyer, or any Affiliate of Buyer, in connection with a Transferred Prime Product Order, in<br />
each case when due in accordance with the standard terms and conditions of Sellers as in effect<br />
from time to time.<br />
(c) Non-Machine Requirements Credit. On a quarterly basis, Buyer and<br />
Seller shall determine the aggregate amount of the Non-Machine Requirements Credit to which<br />
Buyer is entitled, if any; provided, however, that notwithstanding anything to the contrary herein,<br />
Buyer shall be entitled to a Non-Machine Requirements Credit for a Validated Non-Machine<br />
Claim Amount only after and to the extent that the aggregate amount of all Validated Non-<br />
Machine Claim Amounts has exceeded $2,500,000.<br />
(d) Dispute Resolution. In the event of a dispute over the substantiation and<br />
validation of a Non-Machine Requirements Credit that cannot be resolved after reasonable good<br />
faith efforts by Buyer and Seller within a period of ninety (90) days, then such dispute shall be<br />
referred for resolution to the Mining General Manager of Seller for the applicable Territory, in<br />
the case of Seller, and to the dealer principal of Buyer for the applicable Territory, in the case of<br />
Buyer. Such individuals shall use good faith efforts for a period of thirty (30) days after such<br />
referral to resolve such dispute on a commercial level.<br />
(e) Transferred Prime Product Orders Schedule. Notwithstanding any other<br />
provision in this Agreement, the Parties agree to cooperate in good faith to complete Schedule<br />
6.18 in a manner consistent with and applying the principles and methodologies used to complete<br />
the illustrative form of such Schedule provided by Seller to Buyer prior to the date hereof to<br />
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