Wafer Credits Sample Clauses

Wafer Credits. Company will provide to Conexant credits for the purchase of Wafers from Company in the amount of Sixty Million U.S. Dollars (U.S. $60,000,000) to be used in Segments 13 through 30 (the “Wafer Credits”). No more than Twenty Million U.S. Dollars (U.S. $20,000,000) total in Wafer Credits may be used within any consecutive six-Segment period. Such Wafer Credits shall apply only to Wafers purchased by Conexant at the Basic Price (or, during Quarters 9 through 11, at the Stepped Price). The amount of the Wafer Credit applied to each such Wafer shall not exceed Four Hundred U.S. Dollars (U.S. $400) or the difference between the Contract Price and the Basic Price, whichever is less. Conexant may, at its discretion and at any time upon written notice to Company, allocate any existing Wafer Credits between Conexant and any of the Conexant Spin-offs, provided that any Wafer Credits so allocated shall remain subject to the provisions hereof. Upon expiration of this Supply Agreement, if Conexant has any unused Wafer Credits remaining, Conexant will be permitted to apply such unused Wafer Credits against any purchase of Wafers from Company during the two (2) year period immediately following the date of termination; provided, however, that the amount of the Wafer Credit applied to any one Wafer shall not exceed Four Hundred U.S. Dollars (U.S. $400) and the total amount of Wafer Credits may not exceed Twenty Million U.S. Dollars (U.S. $20,000,000) in the aggregate in such two year period. During the time that Conexant has unused Wafer Credits available, Conexant may make a guaranteed commitment (a “Guaranteed Commitment”) to Company for the following quantities of Wafers: (a) during Segments 13 through 18 (“Year 3”), a number of Wafers equal to no more than the equivalent of […***…] ([…***…]) MPD during Year 3; and (b) thereafter, a number of Wafers equal to no more than the equivalent of […***…] ([…***…]) MPD during each year. Provided that the Guaranteed Commitment is made no later than six (6) months in advance and covers the purchase of Wafers over a six (6) month period, Company will accept and fulfill all Purchase Orders issued against the Guaranteed Commitment.
Sample 1Sample 2
AutoNDA by SimpleDocs
Wafer Credits. Company will provide to Conexant credits for the purchase of Wafers from Company in the amount of [...***...] in Segments 13 through 30 (the "Wafer Credits"). No more than [...***...]. Such Wafer Credits shall apply only to [...***...]. The amount of the Wafer Credit [...***...]. Conexant may, at its discretion and at any time upon written notice to Company, allocate any existing Wafer Credits between Conexant and any of the Conexant Spin-offs, provided that any Wafer Credits so allocated shall remain subject to the provisions hereof. Upon expiration of this Supply Agreement, if Conexant has any unused Wafer Credits remaining, [...***...]
Sample 1
Wafer Credits. (a) JAZZ will provide to RFMD credits for the purchase of Wafers from JAZZ, in the amount [...***...]. Such Wafer Credits shall apply only to the [...***...]
Sample 1

Related to Wafer Credits

  • Service Credits Only during the period in which the Bank is providing Transition Assistance:

  • The Credits 68 SECTION 2.01 Commitments .......................................................................................... 68 SECTION 2.02

  • Service Level Credits If vendor fails to provide the Services in accordance with the applicable Service Levels for any reason, except for Force Majeure Events (as defined in the Agreement), vendor will incur Service level Credits identified in and according to the schedule set forth in Attachment E-1 and/or Attachment E-2, provided that Vendor may earn back such Service level credits as provided under the provisions of Attachment E-1 and/or Attachment E-1, as the case may be. The Service Level credits will not limit Prudential's right to recover, in accordance with the terms of this Engagement Schedule, any other damages to which it may be entitled with respect to such failure to provide the Services in accordance with the Service Levels.

  • Prorations and Credits The following items in this Section 5.4 shall be adjusted and prorated between Seller and Purchaser as of 11:59 P.M. on the day preceding the Closing, based upon the actual number of days in the applicable month or year:

  • In-Service Distributions [X] (1) In-service distributions may be made from any of the Participant's vested Accounts, at any time upon or after the occurrence of the following events (select all applicable): [X] (a) a Participant's attainment of age 59-1/2. [X] (b) due to hardships as defined in Section 5.9 of the Plan. [ ] (2) In-service distributions are not permitted.

  • Earnings Credits The Fund shall receive a credit for each calendar month against such compensation and fees of the Custodian as may be payable by the Fund in an amount equal to the aggregate of its Earnings Credit for such calendar month. In no event may such credit be transferred to, or utilized by, any other person or entity, except to the extent permitted by law, and then only to or by The Dreyfus Corporation, its affiliates and/or any investment company now or in the future for which The Dreyfus Corporation or any of its affiliates acts as the investment adviser or administrator (each, a “Permitted Transferee”). The credit shall be applied as follows and only in the specified order:

  • Credits All tax credits shall be allocated among the Members as determined by the Board in its sole and absolute discretion, consistent with applicable law. The tax allocations made pursuant to this Section 5.8 shall be solely for tax purposes and shall not affect any Member’s Capital Account or share of non-tax allocations or distributions under this Agreement.

  • Service Credit Following the Effective Time, solely to the extent that Continuing Employees (as defined below) are covered under Parent Benefit Plans (as defined below), Parent will use all reasonable efforts to give each Continuing Employee credit for prior service with the Company or its Subsidiaries for purposes of (i) eligibility and vesting under any applicable Parent benefit plan or written policy or arrangement (“Parent Benefit Plan”) in which such Continuing Employee becomes eligible to participate at or following the Effective Time and (ii) determination of benefits levels under any vacation or severance Parent Benefit Plan in which such Continuing Employee becomes eligible to participate at or following the Effective Time; provided that in each case under clauses (i) and (ii) above, if the Company or any of its Subsidiaries maintains a comparable Company Employee Plan, service shall be credited solely to the extent that such service was or would have been credited for such purposes under such comparable plans and no such crediting will be required to the extent it results in the duplication of benefits, or under any bonus or other incentive compensation, or sabbatical or similar plan, program, agreement or arrangement. Solely to the extent that Continuing Employees are covered under Parent Benefit Plans, Parent shall give credit under those of its applicable Parent Benefit Plans that are welfare benefit plans and in which Continuing Employees become eligible to participate at or following the Effective Time, for all co-payments made, amounts credited toward deductibles and out-of-pocket maximums, and time accrued against applicable waiting periods, by Continuing Employees (including their eligible dependents), in respect of the plan year in which the Effective Time occurs, and Parent shall waive all requirements for evidence of insurability and pre-existing conditions otherwise applicable to the Continuing Employees under the Parent Benefit Plans in which the Continuing Employees become eligible to participate at or following the Effective Time, but if the Company or any of its Subsidiaries maintains a comparable Company Employee Plan, solely to the extent such requirements and conditions were not applicable to the particular Continuing Employee under a comparable Company Employee Plan. For purposes of this Agreement, “Continuing Employees” shall mean those employees of Parent and employees of the Surviving Corporation as of the Effective Time who shall have been employees of the Company immediately prior to the Effective Time.

  • In-Service Withdrawals If elected in the Adoption Agreement, an Employer may elect to permit a Participant in the Plan to make an in-service withdrawal, subject to any limitation(s) specified in the Adoption Agreement.

  • Allocation of Applied Realized Loss Amounts Any Applied Realized Loss Amounts shall be allocated by the Trustee to the most junior Class of Subordinated Certificates then Outstanding in reduction of the Class Certificate Balance thereof.

Time is Money Join Law Insider Premium to draft better contracts faster.