Design Materials Inventory definition
Examples of Design Materials Inventory in a sentence
Customer acknowledges and agrees that any Materials that Customer authorizes Flextronics to purchase through the issuance of a purchase order for Product prior to Customer’s final acceptance of the Design Deliverables pursuant to Section 7.1 below are considered Design Materials Inventory and subject to the terms of this Section 5.4.
In the event that any of the foregoing remedies cannot be effected on commercially reasonable terms, then, all accepted purchase orders and the current forecast will be considered cancelled and Customer shall purchase all Products, Design Materials Inventory, Inventory and Special Inventory as provided in Sections 5.4, 6.3, 6.4 and 6.5 hereof, as applicable.
Customer agrees to pay any expedite charges (including any broker fees) required by suppliers to receive Design Materials Inventory prior to the end of the normal Lead Time unless those delays and associated expedite fees were caused by Flextronics.
Customer will pay Flextronics a monthly carrying fee of [***] for all Design Materials Inventory that has been held by Flextronics for longer than [***] from receipt at Flextronics’s facility and that is not covered by a purchase order backlog deliverable in the next [***] under a Design Statement of Work.
Expiration or termination of this Agreement under any of the foregoing provisions: (a) shall not affect the amounts due under this Agreement by either party that exist as of the date of expiration or termination, and (b) shall cause the provisions of Sections 4.3 to apply with respect to payment and shipment to Customer of Design Materials Inventory in existence as of such date.
Customer shall pay Flex a monthly carrying fee of one and half percent (1.5%) for all Design Materials Inventory that has been held by Flex for longer than 30 days from receipt at Flex’s facility and that is not covered by a purchase order backlog deliverable in the next thirty (30) days under a Design Statement of Work.
Customer agrees to pay any expedite charges (including any broker fees) required by suppliers to receive Design Materials Inventory prior to the end of the normal Lead Time.
Customer will pay Flex a monthly carrying fee of one and one-half percent (1.5%) for all Design Materials Inventory that has been held by Flex for longer than thirty (30) days from receipt at Flex’s facility and that is not covered by a purchase order backlog deliverable in the next thirty (30) days under a Design Statement of Work.
Customer's accepted purchase orders for Design Services authorize Flex to procure, without Customer’s prior approval, Design Materials Inventory covered by such purchase orders, as applicable, based on the Lead Time.
Expiration or termination of this Agreement under any of the foregoing provisions: (i) shall not affect the amounts due under this Agreement by either party that exist as of the date of expiration or termination; and (ii) shall cause the provisions of Section 4.6 to apply with respect to payment and shipment to Customer of finished Products, Design Materials Inventory, Inventory, and Special Inventory in existence as of such date.