Last Time Buys Sample Clauses
The Last Time Buys clause allows a buyer to make a final purchase of goods or components before a supplier discontinues their production. Typically, this clause sets a deadline by which the buyer must place their last order and may specify minimum or maximum quantities that can be purchased. Its core function is to give the buyer an opportunity to secure sufficient inventory before a product becomes unavailable, thereby minimizing supply disruptions and allowing for better planning during product phase-outs.
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Last Time Buys. The parties shall immediately notify each other if a vendor issues a notice of component supply discontinuation, and a Last Time Buy (LTB) is required. BreconRidge shall assist Customer to expeditiously determine the required quantity of LTB Materials. BreconRidge agrees to place LTB Materials purchase orders on vendors, at the request of and on behalf of Customer, after receipt of a purchase order from Customer for LTB Materials. Upon receipt of the LTB Materials, BreconRidge shall identify the portion of the LTB quantity that qualifies as Excess Material, and Customer shall pay for, and consign such Customer-owned LTB Excess Material to BreconRidge. BreconRidge shall store such consigned inventory for Customer, until it is consumed, in accordance with Schedule 2.2.
Last Time Buys. The parties shall immediately notify each other if a supplier issues a notice of component supply discontinuation, and a Last Time Buy (LTB) is required. The parties shall expeditiously agree on the required quantity of LTB Materials. Flextronics agrees to place LTB Materials purchase orders on suppliers, at the request of and on behalf of Customer, after receipt of a purchase order from Customer for such LTB Materials. Upon receipt of the LTB Materials, Flextronics shall identify the portion of the LTB quantity that qualifies as excess Inventory, and Customer shall pay for, and consign such Customer-owned LTB excess Inventory to Flextronics. Flextronics shall store such consigned inventory for Customer, until it is consumed, at the storage and handling rate identified in the Monthly Charges definition. 5. SHIPMENTS, SCHEDULE CHANGE, CANCELLATION, STORAGE
Last Time Buys. PURCHASER will identify all inventory purchased by PURCHASER as part of a last time buy. Such inventory will not be subject to the buy-back provision of Section 6(c) of this Agreement. SEE EXHIBIT C. (to be provided fifteen (15) days from Agreement signing.) Exhibit C will identify Part Number, "where used" and projected "depletion" date for each " Last Time Buy" item. PURCHASER's engineering department will identify replacement components for these items prior to usage of the last units.
Last Time Buys. In the event that Seller’s suppliers provide advance warning of a planned obsolescence, it is the responsibility of the Seller to purchase sufficient part quantities to ensure that UCF’s supply chain is unaffected for at least the period of one (1) year. The Seller shall make the purchase on UCF’s behalf, and UCF assumes the part risk. Prior to initiating the last time buy, the Seller shall notify UCF, in writing, with 30 days’ notice of the last-time buy event, such that UCF may, at its sole discretion, adjust purchase quantities, generate an engineering change order (“ECO”) as an alternate remedy, or agree to discontinue production. 11 Changes & Modifications UCF may modify, amend, append, or otherwise alter, in writing, the general scope of any PO, including but not limited to the following: (a) technical requirements and descriptions, specifications, SOWs, FPSs, drawings or designs; (b) shipment, packing, or labeling methods; (c) inspection or acceptance processes;