Purchased Tools Sample Clauses

Purchased Tools. All tools for the Y4 Facility shall be purchased by Flash Alliance (or a lessor for Flash Alliance’s benefit as contemplated by Section 6.12(a)) and all such purchases shall be agreed upon by the Parties. Toshiba shall, from the Toshiba Semiconductor Company headquarters and at its own expense, provide Flash Alliance with tool purchase service and support and negotiate with vendors on Flash Alliance’s behalf, and SanDisk shall have the right to participate in such negotiations or other tool purchase activities of Toshiba, at SanDisk’s own expense. For such purpose, a joint SanDisk/Toshiba tool procurement team (“Joint Tool Procurement Team”) will be formed and each member of the team will have total participation, visibility and responsibility in tool selection and procurement negotiations, including tool evaluation activities of the Joint Procurement Team. Toshiba Semiconductor Company will provide to Flash Alliance the full benefit of its volume purchase agreements in order to maximize efficiency and minimize costs. Immediately after the effective date of this Agreement, the Parties will establish a process that enables equal participation and equal decision making by the Parties in tool evaluation and purchase (depending on SanDisk’s ability to participate).
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Purchased Tools. (a) In addition to tools owned or controlled by Flash Alliance as of the Effective Date, subject to the appropriate approvals by Flash Alliance and Flash Forward, as applicable, Flash Alliance and Flash Forward, as applicable, shall acquire the applicable tools, as agreed upon from time to time by the Committee and included on a list of Flash Alliance and Flash Forward tools (the “Tool List”), for use by the JMD Project. (b) From time to time, the Committee shall recommend to the Board of Directors of Flash Alliance (the “FA Board”) or Flash Forward (the “FF Board”), as applicable, additional tools for Flash Alliance or Flash Forward to acquire for the JMD Project. (c) Once a transaction has been approved by the FA Board and/or the FF Board, an amendment to the Tool List may be made by the Committee with each such amendment to be provided to each Party and uploaded to the Database (as defined below). (d) The costs of each tool purchased by Flash Alliance or Flash Forward for joint JMD Projects (each a “Joint Tool”) shall be shared 50/50 by the Parties, unless the Parties mutually agree otherwise. Each tool that is assigned to the JMD Project by either Party shall be deemed a “Solely Owned Tool”. Each tool on the Tool List shall be labeled either a Joint Tool or a Solely Owned Tool. (e) All tools acquired for the JMD Project shall be located at the Y3 Facility, Y4 Facility, Y5 Facility, Y6 Facility, the Y7 Ph1 Collaboration Space and, if the Kitakami Facility is used for the JMD Project, at a JMD Facility at Kitakami, and, only to the extent necessary, the other JMD Facilities, or as otherwise mutually agreed by the Parties. (f) The Committee will discuss the location of future JMD tools to ensure the overall efficiency of JMD operations. (g) The Tool List shall be updated on a monthly basis, no later than five days after the last calendar day of each month.
Sample 1

Related to Purchased Tools

  • Stored equipment We accept no responsibility for any stored equipment or other property brought on to or left at the premises, and all liability for loss or damage is hereby excluded. All equipment and other property (other than stored equipment) must be removed at the end of each hiring or we will charge fees each day or part of a day at the hire fee per hiring until the same is removed. We may, in our discretion, dispose of any items referred to below by sale or otherwise on such terms and conditions as we think fit, and charge you any costs we incur in storing and selling or otherwise disposing of the same, in any of the following circumstances: (i) your failure either to pay any charges in respect of stored equipment due and payable or to remove the same within seven days after the agreed storage period has ended (ii) your failure to dispose of any property brought on to the premises for the purposes of the hiring.

  • Title to Equipment Title shall vest in the Contractor to all equipment purchased hereunder.

  • Product Warranty Seller provides general warranties of fitness and general warranties that the goods are free from defects, for 1 year from acceptance of the goods, except as may otherwise be set forth in the Description/Proposal, or other attached warranty.

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