Obsolete Materials Sample Clauses
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Obsolete Materials. OBSOLETE MATERIALS" mean those unique materials that MTI ordered in response to DMC Stratex's Purchase Orders or Forecast, which MTI has on hand, but which can no longer be used by MTI pursuant to this Agreement. On a monthly basis, MTI will send (under separate cover from the Excess Materials report) a report, which identifies MTI's purchase cost for such Obsolete Materials. The parties shall jointly review and discuss the appropriate reimbursement or compensation to MTI for such Obsolete Materials on a quarterly basis. Reimbursement or compensation to MTI by DMC Stratex for the value of such Obsolete Materials shall be made on a semi-annual basis, no later than thirty (30) calendar days after DMC Stratex's receipt of MTI's
Obsolete Materials. As a result of a requested design change by GT MED TECH, certain materials may become obsolete, meaning that such materials are no longer used to manufacture Products and/or cannot be cost-effectively reworked to be used under the design change. At mutually-agreeable times, IsoRay shall provide GT MED TECH with an invoice for the purchase costs of such obsolete materials, and GT MED TECH shall pay such invoice within sixty (60) days after receipt thereof. At GT MED TECH’s option, IsoRay shall either return or destroy such obsolete materials at GT MED TECH expense.
Obsolete Materials. As a result of a Client or Client’s requested design changes, certain materials may become obsolete, meaning that such materials are no longer used to manufacture Products and/or cannot be cost-effectively reworked in order to be used. At the end of each PO, or at other mutually-agreeable times, BIT shall provide Client with an invoice for such obsolete materials [***], and Client shall pay such invoice within forty-five (45) days after receipt thereof. At Client’s option, BIT shall either return or destroy such obsolete materials [***].
Obsolete Materials
Obsolete Materials. The Company shall reimburse the Bank for the cost of replacing reasonable amounts of obsolete forms and other materials if such replacement is requested by the Company due to changes in the ▇▇▇▇ or in the logo, colors or styles used to identify or promote the Business.
Obsolete Materials. Praecis shall pay to Oread the actual cost of any Raw Materials and related Components, plus any related special disposal costs, purchased by Oread for its performance of this Agreement rendered obsolete by acts of Praecis or due to regulatory changes.