Common use of Supply of Spare Parts Clause in Contracts

Supply of Spare Parts. For a period beginning on the date hereof and ending on the [*****], or, if Seller (or Seller’s successor) discontinues the manufacturing of railcars for Third Parties or discontinues the manufacturing of aftermarket railcar parts and Components before the expiration of such [*****] period (“Discontinued Operations”), up to the date of Discontinued Operations, Seller (or such successor) shall make spare parts, fixtures and assemblies for the Railcars that are proprietary to Seller or Seller’s successors (“Spare Parts”) and shall be made available to Buyer for purchase at Seller’s then market price. In the event the date of Discontinued Operations is before the expiration of such [*****] period, Seller (or Seller’s successor) shall give Buyer as much advance written notice of such Discontinued Operations as possible, but in no event less than [*****] notice. In addition, if Seller learns in writing that any of its Suppliers will cease to make any Spare Parts, Seller shall give Buyer written notice of such Supplier’s decision promptly upon learning of same.

Appears in 2 contracts

Samples: Supply Agreement (Gatx Corp), Supply Agreement (Gatx Corp)

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Supply of Spare Parts. For a period beginning on the date hereof and ending on the [*****]of the date hereof, or, if Seller (or Seller’s successor) discontinues the manufacturing of railcars for Third Parties or discontinues the manufacturing of aftermarket railcar parts and Components before the expiration of such [*****] period (“Discontinued Operations”), up to the date of Discontinued Operations, Seller (or such successor) shall make spare parts, fixtures and assemblies for the Railcars that are proprietary to Seller or Seller’s successors (“Spare Parts”) and shall be made available to Buyer for purchase at Seller’s then market price. In the event the date of Discontinued Operations is before the expiration of such [*****] period, Seller (or Seller’s successor) shall give Buyer as much advance written notice of such Discontinued Operations as possible, but in no event less than [*****] notice. In addition, if Seller learns in writing that any of its Suppliers will cease to make any Spare Parts, Seller shall give Buyer written notice of such Supplier’s decision promptly upon learning of same.

Appears in 1 contract

Samples: Supply Agreement (Gatx Corp)

Supply of Spare Parts. For a period beginning on the date hereof and ending on the [*****]16 of the date hereof, or, if Seller (or Seller’s successor) discontinues the manufacturing of railcars for Third Parties or discontinues the manufacturing of aftermarket railcar parts and Components before the expiration of such [*****] period (“Discontinued Operations”), up to the date of Discontinued Operations, Seller (or such successor) shall make spare parts, fixtures and assemblies for the Railcars that are proprietary to Seller or Seller’s successors (“Spare Parts”) and shall be made available to Buyer for purchase at Seller’s then market price. In the event the date of Discontinued Operations is before the expiration of such [*****] period, Seller (or Seller’s successor) shall give Buyer as much advance written notice of such Discontinued Operations as possible, but in no event less than [*****] notice. In addition, if Seller learns in writing that any of its Suppliers will cease to make any Spare Parts, Seller shall give Buyer written notice of such Supplier’s decision promptly upon learning of same.

Appears in 1 contract

Samples: Supply Agreement (Gatx Corp)

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Supply of Spare Parts. For a period beginning on the date hereof and ending on the [*****], or, if Seller (or Seller’s successor) discontinues the manufacturing of railcars for Third Parties third parties or discontinues the manufacturing of aftermarket railcar parts and Components before the expiration of such [*****] period (“Discontinued Operations”), up to the date of Discontinued Operations, Seller (or such successor) shall make spare parts, Components, fixtures and assemblies for the Railcars that are proprietary to Seller or Seller’s successors (“Spare Parts”) and shall be made available to Buyer for purchase at Seller’s then then-market price. In the event the date of Discontinued Operations is before the expiration of such [*****] period, Seller (or Seller’s successor) shall give Buyer as much advance written notice of such Discontinued Operations as reasonably possible, but in no event less than [*****] noticenotice prior to announcing its decision regarding Discontinued Operations. In addition, if Seller learns in writing that any of its Suppliers or Manufacturers will cease to make any Spare Parts, Seller shall give Buyer written notice of such Supplier’s decision promptly upon learning of same.23

Appears in 1 contract

Samples: Supply Agreement (American Railcar Industries, Inc.)

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