Common use of Supply Arrangements Clause in Contracts

Supply Arrangements. Parent and Sellers agree to cause (a) SiTeco to sell and/or license to Columbia Lighting, Inc., a Delaware corporation, and Prescolite products at prices in effect as of the date hereof and in quantities consistent with the projected sales volumes and (b) Kim Lighting, Inc., a Delaware corporation, to Sell and/or license to ▇▇Teco products at prices in effect as of the date hereof and in quantities consistent with the projected purchasing volume, in each case for a period of at least one year after the Closing Date and on such other terms and conditions mutually acceptable to Parent, Sellers and Buyer in accordance with supply agreements to be entered into prior to Closing (the "SiTeco Supply Agreements").

Appears in 1 contract

Sources: Stock and Asset Purchase Agreement (Us Industries Inc /De)

Supply Arrangements. Parent and Sellers agree to cause (a) SiTeco to sell and/or license to Columbia Lighting, Inc., a Delaware corporation, and Prescolite products at prices in effect as of the date hereof and in quantities consistent with the projected sales volumes and (b) Kim Lighting, Inc., a Delaware corporation, to Sell and/or license to ▇▇Teco ▇eco products at prices in effect as of the date hereof and in quantities consistent with the projected purchasing volume, in each case for a period of at least one year after the Closing Date and on such other terms and conditions mutually acceptable to Parent, Sellers and Buyer in accordance with supply agreements to be entered into prior to Closing (the "SiTeco Supply Agreements").

Appears in 1 contract

Sources: Stock and Asset Purchase Agreement (Hubbell Inc)