Spares Inventory Clause Samples
The Spares Inventory clause defines the requirements and responsibilities related to maintaining a stock of spare parts necessary for the operation, maintenance, or repair of equipment covered by the agreement. Typically, it specifies which party is responsible for supplying, storing, and replenishing spare parts, and may outline minimum inventory levels or procedures for ordering replacements. This clause ensures that essential components are readily available to minimize downtime and maintain continuous operations, thereby reducing the risk of service interruptions due to equipment failure.
Spares Inventory. If specified in the task order, the contractor shall be capable of providing spare parts and be responsible for spares inventory or replenishment for all contractor-furnished and installed equipment. The contractor shall be capable of providing a Recommended Spare Parts List for each system. This list shall include part description, part number, manufacturer, address, phone number, and recommended quantities. The contractor may be tasked with providing an Equipment Integrated Logistics Plan to cover the issue of sparing. This plan should include a methodology for providing the needed spares and protection for the network to avoid long delays in obtaining parts. The customer may choose to purchase spare parts and retain these spares on site. Such spares will be purchased at the customer’s expense.
Spares Inventory. To the extent LMI has provided spares inventory, LMI shall at its expense maintain the spares inventory to the latest production configuration (1 shipset only). LMI agrees to maintain spares inventory to latest production configuration as long as LMI is compensated for any GAC engineering changes that requires the existing spares inventory to be pulled out of stock and re-worked to the latest production configuration. (Gulfstream will only be responsible for the 1 shipset.)
Spares Inventory. Presstek shall maintain a Spares inventory, such inventory to be Presstek's estimate of the parts reasonably necessary to allow for the provision of Services to Customers in accordance with the terms of this agreement. These Spares /*/ [CONFIDENTIAL TREATMENT REQUESTED] INDICATES MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE COMMISSION PURSUANT TO RULE 24B-2 PROMULGATED UNDER THE SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED. shall at all times remain the property of Presstek until and unless they are provided to Customers as part of the Services. Presstek may also make available to Customers a list of all spares that Presstek reasonably believes should be kept on site and of which the Customer may want to keep in the Customer's inventory.
Spares Inventory. At the commencement of this Service Agreement, Presstek shall (a) provide Xerox with a list of repairable and non-repairable parts and (b) compile a Spares inventory, such inventory to be Presstek's estimate of the parts reasonably necessary to allow for the provision of Services to Customers. These Spares shall at all times remain the property of Presstek until and unless they are provided to Customers as part of the Services. Presstek shall maintain spares at an adequate level in [CONFIDENTIAL TREATMENT REQUESTED]/*/ and [CONFIDENTIAL TREATMENT REQUESTED]/*/ (and such other geographic locations in which the parties agree to market and distribute the Products, the timing thereof to be negotiated and agreed, provided that Presstek must meet Xerox' launch requirements concerning Spares) to support the then current installed base of Products. Presstek will also make available to Customers a list of all spares that Presstek reasonably believes should be kept on site and of which the Customer may want to keep in the Customer's inventory.
Spares Inventory. Fiserv and/or Business Partner shall maintain at all times an adequate supply of spare parts and Product in the event of any End User repair or warranty claims. AltiGen will provide
Spares Inventory