Common use of Obsolete Materials Clause in Contracts

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. 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 [***].