Common use of Procedure for Catch-Up Expansions Clause in Contracts

Procedure for Catch-Up Expansions. When a [***] Party expands into its [***] and the [***] Party is not simultaneously [***], upon approval by the Board of Executive Officers of Flash Forward, Flash Forward will make [***] on behalf of the [***] Party equal to the proposed expansion by the [***] Party and, upon the consent of the [***] Party, the [***] Party will [***] and Flash Forward will [***] amount of [***] Party’s [***] capacity [***], provided that (i) both Parties mutually agree on the Purchased Capacity [***] and (ii) such Purchased Capacity is purchased by [***] from the [***] Party at the [***] and any other costs for installation, hook up and facilitization. [***] amount and [***] of the Purchased Capacity will transfer from [***] Party [***] over a period and at a [***].

Appears in 2 contracts

Sources: Master Agreement (Sandisk Corp), Master Agreement (Western Digital Corp)