COMPONENT INVENTORY REPORTING, LIABILITY AND COVERAGE Sample Clauses

COMPONENT INVENTORY REPORTING, LIABILITY AND COVERAGE a. Component Supply If requested by Customer, Plexus agrees to purchase Components under Customer-negotiated agreements with Component Suppliers if such agreements are provided to Plexus in writing. Plexus agrees that the terms and conditions of such agreements are confidential information of Customer. For the avoidance of doubt, Plexus does not hereby assume any of Customer’s obligations in such agreements. Any assumption by Plexus of such obligations will only be by a subsequent written agreement signed by an authorized Plexus representative, Customer and the applicable Component Supplier. In addition, should the terms of any such written assumption by Plexus or included in any other agreement established with any Customer directed supplier preclude Plexus from performing its obligations under this Agreement or be inconsistent with Plexus’ obligations hereunder (after Plexus has made a reasonable attempt to avoid this situation and provided written notice to Customer thereof), Plexus will be relieved of such obligations and the parties will, at either party’s request, revisit the terms of this Agreement and/or existing pricing and make an equitable modification. b. Component Mitigation Plexus may have OX Components on hand or on order from time to time as a consequence of Demand cancellation or reschedule, Plexus’ support of increases to Demand by Customer, the failure of Purchase Orders to consume previously Forecasted requirements, the failure of Purchase Orders to consume a 20% Upside, the failure to have adequate or conforming supplies of Customer consigned, supplied, or managed Components, end of life requirements, economic or minimum order quantities, or engineering or material change orders. Customer is only liable for Component costs as provided in Section 2c. below. Plexus will use all reasonable efforts to minimize Component liability to Customer caused by Customer Demand changes, cancellations, and other factors. These efforts will include returning Components to, or restocking Components with, Suppliers, canceling orders with Suppliers, or using Components to meet the current demand of other Plexus customers. Customer agrees to assist Plexus in such efforts if appropriate and requested by Plexus. Customer acknowledges that Plexus’ mitigation efforts, even if successful, may result in cancellation, restocking, and similar charges imposed by Suppliers. Plexus will obtain Customer’s approval prior to incurring such charges. If so approved by Cus...

COMPONENT INVENTORY REPORTING, LIABILITY AND COVERAGE a. Component Mitigation

COMPONENT INVENTORY REPORTING, LIABILITY AND COVERAGE a. Component Supply