INVENTORY RISK MANAGEMENT Sample Clauses

INVENTORY RISK MANAGEMENT. 10 8.1 Lead Time Expectations.......................................................10 8.2 Non-cancelable Non-returnable (NCNR) Rules...................................10 8.3 End-of-Life Inventory Support................................................10 8.4 Inventory Risk Limitation for Excess and Obsolete Inventory..................10 8.5 Supplemental First Choice Purchases..........................................11
Sample 1
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INVENTORY RISK MANAGEMENT. 8.1 End-Of-Life Inventory Support. SSCI will notify McDATA as parts reach End-Of-Life, through a supplier of SSCI declaring the End-Of-Life of its parts. SSCI will use best commercial efforts to locate and qualify a reasonable alternative to replace the End-Of-Life parts and/or components. If mutually agreed, SSCI will execute an End-Of-Life buy of such End-Of-Life parts or components on McDATA’s behalf. SSCI will continue to manage the End-Of-Life McDATA inventory for a mutually agreed upon term. SSCI shall use best commercial efforts to mitigate McDATA’s liability for carrying costs by requesting that its suppliers hold such inventory. SSCI shall provide to McDATA, on a monthly basis, a summary report of on-hand and projected End-Of-Life liabilities. SSCI must use best efforts to contractually require critical and sole source suppliers to provide [***] [***] notice of End-Of-Life and ensure continuity of supply during this period, including a final End-Of-Life buy at the end of the notice period.
Sample 1
INVENTORY RISK MANAGEMENT. 8.1 Lead Time Expectations. SUPPLIER shall actively work with its suppliers to continually reduce component and in-house process lead times. Additionally, SUPPLIER will provide a tracking report on component lead times on a [***]basis. Such report will reflect the number of part numbers with lead time in [***] ([***])[***] increments.
Sample 1
INVENTORY RISK MANAGEMENT 
Sample 1

Related to INVENTORY RISK MANAGEMENT

  • Inventory Management The Subrecipient must submit an annual statement identifying the status of all equipment and non-real property items purchased with ESG funds by the contract termination date. The status report should inventory all equipment and non-real properties purchased with ESG funds and state the condition of the equipment and its location.

  • Risk Management Except as required by applicable law or regulation, (i) implement or adopt any material change in its interest rate and other risk management policies, procedures or practices; (ii) fail to follow its existing policies or practices with respect to managing its exposure to interest rate and other risk; or (iii) fail to use commercially reasonable means to avoid any material increase in its aggregate exposure to interest rate risk.

  • Risk Management Policy The Administrative Agent and the Lenders shall have received a copy of the Risk Management Policy, including position and other limits, which shall be satisfactory in content and form to the Administrative Agent.

  • Inventory Records Each Loan Party keeps correct and accurate records itemizing and describing the type, quality, and quantity of its and its Subsidiaries’ Inventory and the book value thereof.

  • Banking Operations Enter into any new material line of business; change its material lending, investment, underwriting, risk and asset liability management and other material banking and operating policies, except as required by applicable law, regulation or policies imposed by any Governmental Authority; or file any application or make any contract with respect to branching or site location or branching or site relocation.

  • Procurement All goods, works and services required for the Project and to be financed out of the proceeds of the Financing shall be procured in accordance with the provisions of Section III of Schedule 2 to the Financing Agreement.

  • Risk Management Instruments Except as would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect, all derivative instruments, including, swaps, caps, floors and option agreements, whether entered into for the Company’s own account, or for the account of one or more of the Company Subsidiaries or its or their customers, were entered into (i) only in the ordinary course of business, (ii) in accordance with prudent practices and in all material respects with all applicable laws, rules, regulations and regulatory policies and (iii) with counterparties believed to be financially responsible at the time; and each of such instruments constitutes the valid and legally binding obligation of the Company or one of the Company Subsidiaries, enforceable in accordance with its terms, except as may be limited by the Bankruptcy Exceptions. Neither the Company or the Company Subsidiaries, nor, to the knowledge of the Company, any other party thereto, is in breach of any of its obligations under any such agreement or arrangement other than such breaches that would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect.

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