OX Component Liability Resolution Sample Clauses

OX Component Liability Resolution. Subject to having performed the mitigation and reporting on OX Components as provided above, Customer shall: (i) remit payment to Plexus for Obsolete Components at the Component Value thereof within thirty (30) days of Customer’s receipt of the OX Report; and (ii) with respect to Excess Components, at its option and within thirty (30) days of Customer’s receipt of the OX Report, either (i) remit payment to Plexus for the Excess Components at the Component Value thereof, or (ii) provide Plexus with a Purchase Order for Assemblies that will consume the Excess Components within thirty (30) days, or (iii) pay Plexus one percent (1%) per month carrying cost for one month, two percent (2%) per month carrying cost for months two (2) and three (3), and three percent (3%) per month carrying cost for months four (4) through six (6). In the event Plexus has held onto Excess Components greater than six (6) months under this option, Customer will remit payment to Plexus for the Excess Components at the Component Value thereof. Upon Customer’s payment for Obsolete Components or Excess Components, Plexus will, at Customer’s election, either ship these Components to Customer Ex Works (Incoterms 2000) Plexus’ facility or scrap the Components. If Plexus retains and stores Excess Components paid for by Customer, Plexus will protect and insure these Components in accordance with Section 5 of Addendum I hereof.
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OX Component Liability Resolution. Subject to having performed the mitigation and reporting on OX Components as provided above, Customer shall: (i) remit payment to Plexus for Obsolete Components at the Component Value thereof within thirty (30) days of receipt of Plexus’ invoice; and (ii) with respect to Excess Components, at its option and within thirty (30) days of Customer’s receipt of Plexus’ invoice, either (i) remit payment to Plexus for the Excess Material at the Component Value thereof, (ii) remit a deposit to Plexus for the Excess Material at the Component Value thereof, or (iii) provide Plexus with a Purchase Order for Assemblies that will consume the Excess Material. The remittance of a deposit by Customer as provided above will represent a security to Plexus for Customer’s Component liability. Plexus and Customer will review any amounts on deposit with Plexus from time to time at either party’s discretion and make adjustments to the same to reflect the-then current Component Value of Excess Components at Plexus. Plexus may hold any such deposits made by Customer under this Agreement in any manner at its discretion. Title and risk of loss for Components against which a deposit has been made shall remain with Plexus. Plexus will also retain responsibility to insure and warehouse such Components according to Plexus’ then-current practices. However, in the event Components for which Plexus has received a deposit are not consumed within six (6) months of Plexus’ receipt, said deposit, at Plexus’ option, will be converted into a payment by Customer for such Components. In addition, in the event this Agreement or the manufacturing relationship between Customer and Plexus has terminated, any deposits from Customer then held by Plexus will convert, at Plexus’ option, into a payment by Customer for any Components procured in accordance with this Agreement. Upon the conversion of any deposit into a payment by Customer for Components, Plexus will ship such Components as soon as practicable FCA Plexus’ point of shipment to Customer. Buy to Forecast, Build to Order Addendum a. Unless otherwise agreed by Plexus in writing, prices quoted are FCA Plexus’ point of shipment to Customer (Incoterms 2000) for domestic shipments and Ex Works (Incoterms 2000) Plexus’ shipping point to Customer for international shipments. Plexus’ price quotations are based upon drawings, specifications, and other written information available to Plexus at the time of quotation. Any additional or different data supplie...
Sample 1
OX Component Liability Resolution. Subject to having performed the mitigation and reporting on OX Components as provided above, Packeteer shall within thirty (30) days from the date of an appropriate Plexus invoice to reflect the undisputed portion of the OX Report: 1. remit payment to Plexus for Obsolete Components at the Component Value; and 2. with respect to Excess Components, at Packeteer’s option (i) remit payment to Plexus for the Excess Material at the Component Value thereof, (ii) remit a deposit to Plexus for the Excess Material at the Component Value thereof, or (iii) provide Plexus with a Purchase Order for Assemblies that will consume the Excess Material within thirty (30) days. The remittance of a deposit by Packeteer as provided above will represent a security to Plexus for Packeteer’s Component liability. Plexus and Packeteer will review any amounts on deposit with Plexus from time to time at either party’s discretion and make adjustments to the same to reflect the-then current Component Value of Excess Components. Plexus may hold any such deposits made by Packeteer under this Agreement in any manner at its discretion. Title and risk of loss for Components against which a deposit has been made shall remain with Plexus. Plexus will also retain responsibility to insure and warehouse such Components according to Plexus’ then-current practices.
Sample 1

Related to OX Component Liability Resolution

  • TCP DNS resolution RTT Refers to the RTT of the sequence of packets from the start of the TCP connection to its end, including the reception of the DNS response for only one DNS query. If the RTT is 5 times greater than the time specified in the relevant SLR, the RTT will be considered undefined.

  • UDP DNS resolution RTT Refers to the RTT of the sequence of two packets, the UDP DNS query and the corresponding UDP DNS response. If the RTT is 5 times greater than the time specified in the relevant SLR, the RTT will be considered undefined.

  • DNS resolution RTT Refers to either “UDP DNS resolution RTT” or “TCP DNS resolution RTT”.

  • Recognition of the U.S. Special Resolution Regimes (a) In the event that any Underwriter that is a Covered Entity becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer from such Underwriter of this Agreement, and any interest and obligation in or under this Agreement, will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this Agreement, and any such interest and obligation, were governed by the laws of the United States or a state of the United States. (b) In the event that any Underwriter that is a Covered Entity or a BHC Act Affiliate of such Underwriter becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under this Agreement that may be exercised against such Underwriter are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if this Agreement were governed by the laws of the United States or a state of the United States.

  • Recognition of U.S. Special Resolution Regimes (a) In the event a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of this Agreement (and any interest and obligation in or under, and any property securing, this Agreement) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this Agreement (and any interest and obligation in or under, and any property securing, this Agreement) were governed by the laws of the United States of America or a State of the United States of America. (b) In the event that a Covered Party or any BHC Affiliate of such Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, any Default Right under this Agreement that may be exercised against such Covered Party is permitted to be exercised to no greater extent than such Default Right could be exercised under the U.S. Special Resolution Regime if this Agreement were governed by the laws of the United States of America or a State of the United States of America.

  • JOC Pricing of Itemized List of RS Means Non-Prepriced Items No response The Vendor may download the optional Pricing of Itemized List of RS Means Non-Prepriced Items form from the attachment tab, fill in the requested information, and upload the completed spreadsheet. DO NOT UPLOAD encrypted or password protected files. Valid Reference Email addresses are REQUIRED on the spreadsheet. The vendor must download the References spreadsheet from the attachment tab, fill in the requested information and upload the completed spreadsheet. DO NOT UPLOAD encrypted or password protected files.

  • Meaning of Extraordinary Resolution (a) The expression “Extraordinary Resolution” when used in this Indenture means, subject as hereinafter provided in this Section 7.11 and in Section 7.14, a resolution: (i) proposed at a meeting of Warrantholders duly convened for that purpose and held in accordance with the provisions of this Article 7 at which there are present in person or by proxy Warrantholders holding at least 10% of the aggregate number of then outstanding Warrants and passed by the affirmative votes of Warrantholders holding not less than 66 2/3% of the aggregate number of then outstanding Warrants at the meeting and voted on the poll upon such resolution; or (ii) in writing signed by the holders of at least 66 2/3% of the then outstanding Warrants on any matter that would otherwise be voted upon at a meeting called to approve such resolution as contemplated in Section 7.11(a)(i). (b) If, at the meeting at which an Extraordinary Resolution is to be considered, Warrantholders holding at least 10% of the aggregate number of then outstanding Warrants are not present in person or by proxy within 30 minutes after the time appointed for the meeting, then the meeting, if convened by Warrantholders or on a Warrantholders’ Request, shall be dissolved, but, in any other case, it shall stand adjourned to such day, being not less than 15 or more than 60 days later, and to such place and time as may be appointed by the chairman. Not less than 14 days’ prior notice shall be given of the time and place of such adjourned meeting in the manner provided for in Section 10.2. Such notice shall state that at the adjourned meeting the Warrantholders present in person or by proxy shall form a quorum but it shall not be necessary to set forth the purposes for which the meeting was originally called or any other particulars. At the adjourned meeting the Warrantholders present in person or by proxy shall form a quorum and may transact the business for which the meeting was originally convened, and a resolution proposed at such adjourned meeting and passed by the requisite vote as provided in Section 7.11(a) shall be an Extraordinary Resolution within the meaning of this Indenture, notwithstanding that Warrantholders holding at least 10% of the aggregate number of then outstanding Warrants are not present in person or by proxy at such adjourned meeting. (c) Subject to Section 7.14, votes on an Extraordinary Resolution shall always be given on a poll, and no demand for a poll on an Extraordinary Resolution shall be necessary.

  • Definition of a Grievance A grievance will be defined as any difference or dispute arising between the parties to this Agreement concerning the interpretation, application, administration, operation, or alleged violation of this Agreement.

  • Definition of Grievance A grievance shall be defined as any difference arising out of the interpretation, application, administration, or alleged violation of the Collective Agreement.

  • JOC Pricing of Itemized List of Means Non-Prepriced Items” based on the information herein. This Addendum is only to correct a misstatement on the original optional attachment entitled “PART 2 JOC Pricing of Itemized List of Means Non-Prepriced Items.” The attachment mistakenly provided for and discussed “Attribute 39.” Specifically, any erroneous reference to “Attribute 39” on the specified attachment should be considered immediately replaced with “the Attribute Question asking for Pricing for Markup of Non- Prepriced Items in RS Means Unit Price Book.” Please disregard any reference to Attribute 39 on this optional form and consider it to be referencing the Attribute Question asking for “Pricing for Markup of Non-Prepriced Items in RS Means Unit Price Book” instead.