Scrap Disposal. Foundry shall return Scrap which cannot be reclaimed to Company at Company’s request, or otherwise destroy and properly dispose of all Scrap in order prevent any unauthorized sale of any Contract Wafers. Foundry will maintain Scrap procedures and will record all products scrapped including Lot history, reason for scrap and Company’s approval for scrap. Company shall have the rights to audit the scrap procedures and to witness scrap of Company’s material with reasonable notice.
Scrap Disposal. Continental will manage and destroy excess, obsolete, scrap, work in progress, raw materials, Tooling or finished goods associated with any [HW Gen] Components (“Scrap”) in accordance with ISO27040, IATF 16949, ISO 9001 and TISAX (level 3) standards, all Applicable Laws, and in an environmentally responsible and secure manner, protective of the environment and the Parties’ brands and reputations and in a manner that would not disclose any Confidential Information of Aurora. At Aurora’s request, Continental will provide documentary evidence acceptable to Aurora that Continental has managed and destroyed Scrap in accordance with this Agreement. Continental shall be responsible for the cost and expense of the disposal of the Scrap. Continental shall not have any obligation to manage Scrap removed from Vehicles by third parties unless the Scrap has been returned to Continental as a warranty return or where Continental removes the Scrap as part of decommissioning at a certified service center and provided under Hardware Services.
Scrap Disposal. SMIC shall destroy and properly dispose of all Scrap or recycle in such a way in order to prevent any unauthorized sale of any Contract Wafers, subject to Spansion approval. Upon request by Spansion, SMIC shall sell such Scrap to Spansion at a price to be negotiated by the parties. SMIC will maintain Scrap procedures and will record all products scrapped including Lot history, reason for scrap and Spansion’s approval for scrap. Spansion shall have the rights to audit the scrap procedures and to witness scrap of Spansion’s material. In the event that SMIC’s records are unable to fully account for scrapped Contract Wafers, Spansion’s request to witness scrap of Spansion’s Contract Wafers is not honored, or Contract Wafers are unaccountable by SMIC for a period of more than thirty (30) days, SMIC shall be subject to immediate payment to Spansion an amount equal to five (5) times the total purchase price of said Contract Wafers.
Scrap Disposal. AMPTECH shall return Scrap which cannot be reclaimed to WJ at WJ’s request, or otherwise destroy and properly dispose of all Scrap in order to prevent any unauthorized sale or other disposition of any Wafers. AMPTECH will maintain Scrap procedures and will record all products scrapped including Lot history, reason for scrap, and WJ’s approval for scrap. WJ shall have the rights to audit the scrap procedures and to witness scrap of the material.
Scrap Disposal. GCS shall return Scrap which cannot be reclaimed to WJ at WJ’s request, or otherwise destroy and properly dispose of all Scrap in order to prevent any unauthorized sale or other disposition of any Wafers. GCS will maintain Scrap procedures and will record all products scrapped including Lot history, reason for scrap and WJ’s approval for scrap. WJ shall have the rights to audit the scrap procedures and to witness scrap of the material.
