Buffer Stock definition

Buffer Stock means the Cobalt Alloy Stock to be established at OMG in KOKKOLA, FINLAND in accordance with article 10 of the J.V. Agreement and to be kept separate from the Ordinary Commercial Cobalt Alloy Stock of OMG KOKKOLA Chemicals Oy.

Buffer Stock shall have the meaning provided in Section 7.6(a).

Buffer Stock means a stock of Product, per OEM’s forecasted agreement, which is used to offset unexpected rises in demand for the Products.

Examples of Buffer Stock in a sentence

• In case not, the reduction of the Buffer Stock shall be postponed accordingly.

• Customer shall pay Flextronics a carrying charge [***] for all Materials in the Materials Buffer Stock according to the following process: During the first week of each [***], Flextronics shall provide Customer with a report on the current on-hand Materials in the Materials Buffer Stock.

• If after the calculation the on-hand Materials quantity is greater than the Materials Buffer Stock Requirement, then Customer shall pay Flextronics [***] carrying charge for the value of the Materials Buffer Stock Requirement (but not the excess amount).

• Customer and Flextronics shall agree quarterly on the Materials and quantities to be purchased and held by Flextronics in the Materials Buffer Stock (“Materials Buffer Stock Requirement”).

• The annual quantity of 5,000 tons of Cobalt mentioned above does not include the quantity contained in the Buffer Stock and could possibly be reviewed after negotiation between the Parties, depending among others on the Slag availability, the processing capacity in the Democratic Republic of Congo and/or in Finland as well as on the Cobalt market situation.

More Definitions of Buffer Stock

Buffer Stock means an agreed upon quantity of Product which shall be built and maintained by SSCI in addition to the current quarters requirements.

Buffer Stock. Means an agreed level of Materials held and maintained pursuant to the terms and conditions of Clause 4.1.

Buffer Stock means a quantity of Product maintained on Steroid's inventory and at Steroid's expense as a contingency to meet supply requirements in the event of a manufactured batch failing to comply with the Specification, or in the event of other unforeseen and/or emergency requirements.

Buffer Stock has the meaning ascribed thereto in subsection ------------ 5.1(b).

Buffer Stock means the Buffer Stock established under Article 20 of the International Tin Agreement 1971;

Buffer Stock means the buffer stock to be established under Part VIII of the Agreement;

Buffer Stock means stock held by the Contractor at the Contractor’s premises and reserved for the Customer in accordance with section 33 of these Additional Conditions.’;