Inventory Aging. a. Supplier will monitor and track aging of all Components in each Hub using information provided by the Hub Operator. b. In the event any Component in any Hub ages beyond any Component or packaging effectiveness period recommended by Supplier (or, if shorter, any Component or packaging effectiveness period agreed between the applicable Cisco Entity and Supplier), Supplier will (i) notify EMS Provider and the Cisco Entities; and (ii) arrange with Hub Operator either to rebake, repackage or otherwise refresh such Component if applicable, or to remove such Component from the Hub and replace it with a newer Component. Supplier will undertake such activities at its own expense. c. For purposes of Section 9.2 below (Freshness), if Supplier replaces an aged Component (an “Aged Component”) with a new or refreshed Component (a “Replacement Component”), the Replacement Component will be deemed to have entered the Hub on the same date as the Aged Component; provided however that any period during which the Aged Component could not be used due to excessive aging shall not be applied towards satisfaction of the applicable Freshness Period.
Appears in 4 contracts
Samples: Master Purchase Agreement, Lean Vmi Agreement, Master Purchase Agreement (Gsi Technology Inc)
