Supplemental Inventory List Clause Samples

Supplemental Inventory List. OEM will list in writing (including by e-mail) the quantities of Equipment to be carried as Supplemental Inventory (the “Supplemental Inventory List”) and submit the Supplemental Inventory List to Netronome no later than February 15, 2012. The Supplemental Inventory List shall include the quantity of each type of Equipment and the applicable Netronome product identification numbers. Netronome will ensure that it obtains the required component inventory and materials necessary to manufacture and stock the Supplemental Inventory. OEM may change the composition of the Equipment in the Supplemental Inventory List at any time it submits a Forecast to Netronome. OEM acknowledges that certain components may have long lead times of between 16 and 26 weeks or longer, thus OEM will use commercially reasonable efforts to provide Netronome with a Supplemental Inventory List that takes such lead times into account. Netronome will work with its suppliers and use commercially reasonable efforts to ensure that components with long lead times will be available to support the Supplemental Inventory List. Netronome also agrees to provide immediate written notice (including by e-mail) to OEM in the event that any component will not be available within the normally expected delivery schedule which notice shall include an explanation of the reason for such unavailability. The Parties further agree to communicate as frequently as possible in order to understand if there is a risk of a supply shortage that would limit the ability of Netronome to fulfill the quantity of Supplemental Inventory ordered. OEM may only increase or reduce the quantity of any item in the Supplementary Inventory in accordance with Section 5.2.4.6.