Consigned Material definition
Consigned Material means materials that Buyer owns and continues to own that are entrusted to Supplier.
Consigned Material means Precious Metals that are included in the Collateral Report, are held under a Consignment Agreement by a Consignee, and also meet the following requirements: (i) the term of the consignment does not exceed one (1) year from the date of delivery to the Consignee or may be terminated at any time for any reason by the Company upon not more than thirty (30) days prior notice; and (ii) there is in effect an Advised Consignee Letter of Credit or an Assigned Consignee Letter of Credit or Consignment Cash Collateral each in an amount equal to or greater than 110% of the aggregate Market Value of such Precious Metals.
Consigned Material means materials or components consigned by Customer to Fine Pitch for incorporation into the Products.
Examples of Consigned Material in a sentence
In case the difference reported by Seller and confirmed by the Buyer is higher than the applicable work loss allowance, the Seller shall pay Buyer the total cost of the missing Consigned Material including without limitation freight, packaging, taxes, duties, overhead, replacement cost and other damages associated with Seller’s loss of Consigned Materials.
Where Consigned Material Storage is located on premises other than Company premises, Company shall direct the owner of such other premises to comply with the procedure set forth in this clause.
Rejected items shall As to concealed transportation damage, if after withdrawal of any Consigned Material from Consigned Material Storage, Company discovers concealed transportation damage, Company shall notify Supplier within five days of such discovery, take reasonable steps to preserve evidence of how such damage occurred and take all actions provided in for (b)(iii) above.
The agreements, representations, warranties, liabilities and obligations of the Members under this Agreement are, in all respects, several and not joint and several.
Returns to Consigned Material Storage must be with the prior written approval of Supplier.
More Definitions of Consigned Material
Consigned Material means any [***] delivered by or for Infineon to Supplier for the manufacturing and delivery of Wafers and/or provision of Services.
Consigned Material means materials or equipment provided at no cost by NTI to Seller and used in designing, developing or manufacturing the Product.
Consigned Material means raw materials including Customer’s wafers, die, and certain raw materials as specified in Customer’s bill of material that is procured or otherwise provided to Carsem by Customer for Carsem use in providing the Goods and/or Services, work-in-process Customer’s wafers and scrap.
Consigned Material shall have the meaning set forth in Section 2.3.
Consigned Material means Precious Metals that are included in the. Collateral Report, are held under a Consignment Agreement by a Consignee, and also meet the following criteria: (i) the term of the consignment does not exceed one year from the date of delivery to the Consignee or may be terminated at any time for any reason by the Company upon not more than thirty (30) days prior notice; (ii) there is a letter(s) of credit which is an Assigned Consignee Letter(s) of Credit in favor of the Company and for the account of such Consignee in an amount(s) equal to or greater than 110% of the aggregate Market Value of such Precious Metals; and (iii) the letter(s) of credit is/are issued by or confirmed by an entity located in the United States which has a debt rating of BBB or better by the Standard & Poor's rating agency.
Consigned Material means materials that Buyer owns and continues to own that are entrusted to Supplier. “Customer(s)” mean Buyer’s customer(s) “Developer Test Systems” means a configuration of installed hardware and software that Supplier maintains which is representative of typical Customer installations for the Product and, at a minimum, contains current and current minus 1 level of the Product and any prerequisite and co-requisite hardware and software specified by Buyer. “Emergency Order” or “EO” means a WA placed by Buyer for FRUs with a Lead Time not to exceed twenty four (24) hours. “End of Service” or “EOS” means date when Buyer officially discontinues Customer service and support for a Product. EOS dates are only addressed for the purposes of defining the date through which Supplier will make Repair Services available for Products, and do not affect Supplier’s obligations with respect to FRU or other Product availability. In no event shall the date of EOS be more than 5 years after Supplier discontinues such Product. “Engineering Change” or “EC” means any change(s) to Product . “Epidemic Defects” shall mean Products and their associated Engineering Changes that experience one or more of the following: (a) a similar confirmed defect of the same root cause at a rate of * (*) or more or other rate as may be specified in the PUA in any given * ( * ) day rolling period over the life of the Products and three or more similar confirmed defects of the same root cause must exist, (b) a similar confirmed defect of the same root cause at a rate of * ( * ) or more (or other rate that may be specified in the Product Unique Attachment) of total purchases over the life of the Products and three or more similar confirmed defects of the same root cause must exist, (c) recalls , or (d) safety defects “Field Replaceable Unit” or “FRU” means a Product, Product component, Product subassembly, Product documentation, Product code, or other Product part used to service a Customer system. “Lead Time” means the minimum length of time prior to a specific delivery date that Supplier must receive and accept a WA from Buyer to ensure delivery by such date. * Omitted pursuant to a confidential treatment request. The confidential portion has been filed separately with the SEC.
Consigned Material means any Material that is required for the manufacture of a Product, as listed in the applicable Bill of Materials for such Product, that is owned by Customer or xx Ordering Company but which has been placed in the care, physical custody or control of Celestica or any of its Affiliates to be used in the manufacture of Products.