Common use of EQUIPMENT PERFORMANCE GUARANTEES Clause in Contracts

EQUIPMENT PERFORMANCE GUARANTEES. For purposes of this Addendum B, Section 1 only, the term “Availability Requirement” means the lesser of the Equipment availability requirement (or “utilization capability” or “*** uptime” requirement) as set forth in the Purchase Spec per SEMI E10-96 (E-10-0701 Equipment Uptime for ***). The warranty on a unit of Equipment will be extended *** month for each month that such Equipment performs below the Availability Requirement. Seller has the right to request a mutual review process, to review equipment performance data, at which Seller may exclude downtime caused by the Buyer in the availability calculations. This provision for warranty extensions does not apply until *** months after Equipment final acceptance. If the Availability Requirement is not met for more than *** consecutive months during the warranty period, Buyer may, at Buyer’s option: (a) return Equipment for full credit; (b) have the non-complying Equipment replaced with new Equipment within ***. Warranty extensions may be reduced by *** month for every *** months that the Equipment performs better than *** above the Availability Requirement. Buyer must be in general compliance with Seller’s recommended or a mutually agreed upon preventative maintenance schedule for warranty extensions to be invoked. Extensions will be agreed upon within *** days after the month in which the Equipment performance dictated the extension.

Appears in 2 contracts

Samples: Corporation Purchase Agreement, Confidential Treatment (Cohu Inc)

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EQUIPMENT PERFORMANCE GUARANTEES. For purposes of this Addendum B, Section 1 only, the term “Availability Requirement” means the lesser of the Equipment availability requirement (or “utilization capability” or “*** 100% uptime” requirement) as set forth in the Purchase Spec per SEMI E10-96 (E-10-0701 Equipment Uptime for ***). The warranty on a unit of Equipment will be extended *** month for each month that such Equipment performs below the Availability Requirement. Seller has the right to request a mutual review process, to review equipment performance data, at which Seller may exclude downtime caused by the Buyer in the availability calculations. This provision for warranty extensions does not apply until *** months after Equipment final acceptance. If the Availability Requirement is not met for more than *** consecutive months during the warranty period, Buyer may, at Buyer’s option: (a) return Equipment for full credit***; (b) have the non-complying Equipment replaced with new Equipment within **** days. Warranty extensions may be reduced by *** *month for every *** months that the Equipment performs better than *** above the Availability Requirement. Buyer must be in general compliance with Seller’s recommended or a mutually agreed upon preventative maintenance schedule for warranty extensions to be invoked. Extensions will be agreed upon within *** days after the month in which the Equipment performance dictated the extension.

Appears in 1 contract

Samples: Confidential Treatment (Cohu Inc)

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EQUIPMENT PERFORMANCE GUARANTEES. For purposes of this Addendum B, Section section 1 of Part 1 addendum A only, the term "Availability Requirement" means the lesser of the Equipment availability requirement (or "utilization capability" or “*** "100% uptime" requirement) as set forth in the Purchase Spec per SEMI E10-96 (E-10-0701 Equipment Uptime for ***)96. The warranty on a unit of Equipment will be extended *** month for each month that such Equipment performs below the MCBI, MCBF, UPH and the Availability Requirement. requirements as defined in purchase specifications listed in Addendum D. Seller has the right to request a mutual review process, to review equipment performance data, at which Seller may will exclude downtime caused by the Buyer in the availability calculations. This provision for warranty extensions does not apply until *** *months after Equipment final acceptance. If the Availability Requirement is not met for more than *** *consecutive months during the warranty period, Buyer may, at Buyer’s 's option: (a) return Equipment for full credit***; (b) obtain replacement parts, including major components, at no cost to Buyer; or (c) have the non-complying Equipment replaced with new Equipment within ***days. Warranty extensions may be reduced by *** *month for every *** *months that the Equipment performs better than *** *above the Availability Requirement. Buyer must be in general compliance with Seller’s 's recommended or a mutually agreed upon preventative maintenance schedule and procedures for warranty extensions to be invoked. Extensions will be agreed upon within *** forty-five (45) days after the month in which the Equipment performance dictated the extension.

Appears in 1 contract

Samples: Cohu Inc

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