Long Range Capacity and Resources. TSI shall be responsible for its plant, general purpose equipment, which is equipment that is suitable for use in other applications, and production capacity, including planning, funding and acquiring same (other than the Tooling and specialized equipment described below). Title and possession to the foregoing shall reside with TSI. TSI shall ensure that the initial production capacity for the Facility shall be at least sufficient to satisfy the Forecast. Specialized equipment necessary for the production of the Product and not reasonably suitable for any other use shall be acquired by TSI and paid for and owned by Fallbrook. Fallbrook shall reimburse TSI for the actual costs of such specialized equipment within thirty (30) days following receipt of an invoice, supplier invoice and registered receipt of payment (“▇▇ ▇▇▇▇”) from TSI.
Appears in 2 contracts
Sources: Manufacturing Agreement, Manufacturing Agreement (Fallbrook Technologies Inc)