Purchase of Materials. (1) In meeting its requirements for materials, equipment, components, transportation vehicles and articles for office use, the Joint Venture will at its discretion purchase such items inside or outside the PRC to the maximum extent consistent with the efficient operation and quality standards of the Joint Venture. (2) All the reasonable costs and expenses incurred by any Party in connection with the sourcing and purchase for the Joint Venture as stipulated in Article 14.1(1) shall be reimbursed by the Joint Venture.
Appears in 3 contracts
Sources: Sino Foreign Equity Joint Venture Contract (Cooper Tire & Rubber Co), Sino Foreign Equity Joint Venture Contract (Cooper Tire & Rubber Co), Sino Foreign Equity Joint Venture Contract (Cooper Tire & Rubber Co)
Purchase of Materials. (1) In meeting its requirements for materials, equipment, components, transportation vehicles and articles for office use, the Joint Venture will at its discretion purchase such items inside or outside the PRC to the maximum extent consistent with the efficient operation and quality standards of the Joint Venture.
(2) All the reasonable costs and expenses incurred by any Party in connection with the sourcing and purchase for the Joint Venture as stipulated in Article 14.1(1) shall be reimbursed by the Joint Venture.
Appears in 1 contract
Sources: Equity Joint Venture Contract (Cooper Tire & Rubber Co)