Obsolescence and Life-Time Buys Sample Clauses

Obsolescence and Life-Time Buys. TI may obsolete Wafers at any time by providing Ramtron with prior written notice of the projected obsolescence. Notwithstanding TI's authority to provide such notice, Ramtron may at its discretion and for a period of one year following TI's delivery of its written notice of obsolescence, continue to submit purchase orders to TI for obsolete Wafers and TI shall continue to manufacture and deliver such Wafers for an additional one year in order that Ramtron maintain a continuous supply of such Wafers pursuant to the terms of this Agreement. Accordingly, upon Ramtron's receipt of TI's notice of obsolescence, Ramtron may place life-time buy orders for such Wafers in the amounts up to the maximum number of Wafers produced per month as specified in Section 4 of Exhibit 2 and for prices in effect the time of the written notice of obsolescence, or which have been subsequently agreed to in writing between TI and Ramtron as provided herein. Ramtron's life-time buy orders authorized hereunder shall also indicate delivery schedules. During the twelfth (12) month after TI issues its written notice of obsolescence provided herein, Ramtron may deliver its final purchase order for obsolete Wafers (the "Final Purchase Order for Obsolete Wafers"). At Ramtron's discretion, the Final Purchase Order for Obsolete Wafers may direct TI to manufacture and deliver the Wafers referenced in such final order beginning in the 13th month following the notice of obsolescence, and continuing thereafter for a period ending twenty-four (24) months after the date of TI's original notice of obsolescence. The parties acknowledge that Ramtron's Final Purchase Order for Obsolete Wafers could require that TI manufacture and deliver to Ramtron up to Four Thousand Six Hundred and Eight Wafers (384 Wafers x 12 months) during the final twelve months of the two year period referenced herein.
Sample 1
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Related to Obsolescence and Life-Time Buys

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