BOM Price definition
BOM Price means, for each Product that was active at September 30 2005, the Bill of Material price for that Product that was in effect ▇▇ October 1, 2005 as specified on Schedule D. Provided, however, for any Product that was discontinued or, an item of Material that was designated by Customer as obsolete prior to September 30, 2005 and for which the parties did not designate or agree to a BOM Price that would be in effect after September 30, 2005, the applicable BOM Price for that Product or Material will be the most recent standard component cost agreed to by Celestica and Customer for that Product or Material during prior quarterly pricing negotiations for purposes of resolving all Excess and Obsolete Material, Surplus Transition Material or any other Material claims under this Agreement. Provided, further, that for any Product that was not active or for any Material that was not in use at September 30 2005 but is a new Product (or Material) that was introduced after September 30, 2005, the BOM Price for that new Product (or Material) will be determined by mutual agreement between the parties.
Examples of BOM Price in a sentence
As set forth in Section 6.3, KMC shall provide Gen-Probe the actual BOM Price for the Production Instruments by May 14, 2001.
Provided, further that for any Products included in the Transition Build Plan that the parties have not agreed to a BOM Price as of the Effective Date, Celestica may purchase Material necessary to manufacture those Products provided that, prior to purchasing that Material, Celestica notifies Customer of the cost of such Material in advance.