Preferred Supplier Status Sample Clauses
The Preferred Supplier Status clause designates a specific vendor as the primary or favored provider of certain goods or services to the contracting party. In practice, this means the buyer agrees to prioritize purchasing from the preferred supplier, often for a defined category of products or within a set timeframe, unless specific exceptions apply. This clause streamlines procurement processes and can secure better pricing or service levels, while providing the supplier with a degree of exclusivity and predictability in business dealings.
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Preferred Supplier Status. Flextronics shall be a Preferred Supplier of Customer's requirements for any Repair Services. "Preferred Supplier" shall mean that, provided Flextronics submits to Customer a quotation for such Repair Services that is at least as competitive (in terms of price, quality, delivery, performance and other standard benchmarks) as any other bona fide quotation(s) submitted by a third-party alternate Repair Service provider, the Customer shall place such business with Flextronics on a right of first refusal basis during the term of the Agreement. Flextronics acknowledges that this provision shall not apply to any Repair Services Customer elects, in its discretion, to perform internally.
Preferred Supplier Status. 3.4.1 For present and future optical components (including Products in Development) required by NNL during the Term, which Supplier is capable of manufacturing, NNL and Supplier agree to take the necessary steps to add each such component as a Product under this Agreement and NNL agrees, upon completion of those steps, to purchase from Supplier a greater share of each such Product, than NNL purchases from any other supplier measured by Product volume over successive six month periods during the Term, ("Preferred Supplier Status"), giving consideration to the Target Allocations and NNL's then-current sourcing arrangements with other suppliers; provided, however, that (i) Supplier is able to provide NNL's volume capacity requirements for such Product; (ii) Supplier is able to deliver such Product on a timely basis in accordance with this Agreement; (iii) there are no material quality problems or issues with such Product; and (iv) the price for such Product, is competitive with other actual or potential sources of such component, taking into consideration any cost that can be reasonably associated with any additional level of risk that Nortel has been required to assume under this Agreement, as compared to the level of risk that Nortel has assumed in its agreements with other suppliers, (which agreements shall be of similar scope and shall be for products comparable to the Products in technical sophistication and manufacturing complexity).
3.4.2 If Supplier has Preferred Supplier status for a given Product pursuant to Section 3.4.1 and thereafter no longer satisfies one or more of the criteria described in subparts (i) through (iv) of Section 3.4.1 for such Product, NNL shall be relieved from giving Supplier Preferred Supplier Status for such Product and may adjust its purchases of such Product to levels appropriate to protect NNL's security of supply of such Product based on the severity and expected continuation of such issues.
3.4.3 Notwithstanding that Supplier meets all the conditions for Preferred Supplier Status outlined in Section 3.4.1 for a particular Product, NNL will not be in violation of its obligation to accord Supplier Preferred Supplier Status with respect to such Product to the extent that NNL has existing binding contractual commitments with other suppliers which are inconsistent with such Preferred Supplier Status for such Product. However, NNL will use reasonable commercial efforts to reduce such commitments to a sufficient level so that ...
Preferred Supplier Status. Subject to the provisions of this Agreement for Application 5, and only in the event the pricing option change is not evoked by Company, Company will be Sprint’s preferred Application 5 supplier, for 1 year following the execution of this Agreement as defined in Section 1 (e), and subject to Sprint’s rights in Section 25, as such: (a) Sprint agrees to feature Application 5 [*****] in the Sprint authorized Distribution Channels; and (b) Sprint agrees that it will not offer, sell or otherwise make available to Sprint Users Application 5, under the Sprint Navigation brand, as currently contemplated by the Parties. For the avoidance of doubt, the Parties acknowledge and agree that other than to the extent provided in this Section 6 (f), Sprint in its sole discretion, reserves the right to offer, sell or otherwise make available in Sprint Distribution Channels and to Sprint Users any [*****] during the Term, without restriction.
Preferred Supplier Status. For the term of this Agreement, Seller shall have the right of first refusal as a supplier with respect to any wireless data modem project initiated by the Hewlett-Packard Wireless and Internet Services Division.
Preferred Supplier Status. Subject to the provisions of this Agreement for Application 5, Company will be Sprint’s preferred Application 5 (as defined in Section 1 (e)) Supplier, until December 31, 2010, and subject to Sprint’s rights in Section 25, as such: (a) Sprint agrees to feature Application 5 [*****] in the Sprint authorized Distribution Channels; and (b) Sprint agrees that it will not offer, sell or otherwise make available to Sprint Users navigation application or service other than Application 5, under the Sprint Navigation brand, as currently contemplated by the Parties. The Parties acknowledge and agree that Sprint in its sole discretion, reserves the right to offer, sell or otherwise make available in Sprint Distribution Channels and to Sprint Users any [*****] during the Term.
Preferred Supplier Status. 2.1 The Seller shall be designated as the Buyer's Preferred Supplier of wire harnesses to the extent of the manufacturing capacity of sixty employees, more or less, of VMI Mexico working on a full time basis during the term of this Agreement.
Preferred Supplier Status. 3.1 CBABC hereby approves the Supplier as a preferred supplier, and as such:
a) authorises the Supplier to represent that it is a preferred supplier to CBABC rnembers, approved by CBABC;
b) will promote the Supplier to Members during the Term;
c) will permit the Supplier to use trademarks or logos of CBABC, in any marketing or promotion initiative of the Supplier relating to the Program, subject to prior CBABC written approval, which approval is in the sole discretion of CBABC through its Executive Director or designate.
Preferred Supplier Status. 3.1 In appointing the Agency, the Company has relied upon the Agency's representation that it has the resources, skills, experience and the qualifications to enable it to perform the Services according to the standards specified in this Agreement and in accordance with Applicable Laws.
3.2 Subject to Clauses 4.5.3 (KPIs) and 23.3 (Force Majeure), the Agency shall be the preferred supplier of the Company in relation to the Services and the Site/s during the Term of this Agreement. For the avoidance of doubt, nothing in this Clause 3.2 intends to give the Agency preferred supplier status in respect of any workers other than the Agency Workers for the Site/s, or in respect of any other site of the Company, nor intends to give an exclusive supplier status in relation to the Services and/or the Site/s.
3.3 The Agency acknowledges and agrees that the Volumes set out in Part 1 (Appointment Term) of this Agreement are estimates and shall not be binding on the Company.
Preferred Supplier Status. NANO shall be considered a preferred customer of LIST for enriched UF6, specifically for use in NANO’s reactor systems.
Preferred Supplier Status. Purchaser agrees that Grantor will be its Preferred Supplier of Capacity during the Minimum Capacity Purchase Period. During such period the Purchaser will notify Grantor of its intent to purchase any Capacity ("Required Capacity"). The Grantor will then notify the Purchaser of its ----------------- willingness to supply Required Capacity, and the terms and conditions, inlcuding price, quality guarantees, delivery guarantees, project management commitments upon which Grantor or its affiliate(s) are prepared to supply Required Capacity. Purchaser will be bound to buy Required Capacity from Grantor or its affiliate(s) unless the Purchaser receives materially more advantageous terms bearing in mind the issues set out above ("Improved Terms") from an -------------- alternate supplier. Where Purchaser receives Improved Terms from an alternate supplier, Purchaser shall be entitled to purchase Required Capacity from that supplier, subject to the following:
(a) Prior to purchasing Required Capacity from an alternate supplier, Purchaser must notify Grantor, bearing in mind duties of confidentiality, of the Improved Terms and allow Grantor reasonable opportunity to amend its offer; and
(b) If Grantor matches or offers terms which match or are better than the Improved Terms, Purchaser shall be bound to purchase Required Capacity from Grantor or Affiliate(s); Purchaser and Grantor shall act in good faith at all times, to ensure that the Grantor is, wherever practicable, its supplier of Capacity in accordance with this Section 3. The parties agree to confirm any oral notifications hereunder either by post, fax or e-mail.