Equivalent Lot definition

Equivalent Lot means ****.

Equivalent Lot means [***]

Equivalent Lot means ****. “Existing Agreements” means the JV Agreements, the BiCS LDA and the Joint Operative Documents. “FAL” has the meaning set forth in the preamble. “FAL Foundry Agreement” has the meaning set forth for the term “FA Foundry Agreement” in the FAL Master Agreement. “FAL Lease Agreement” means that certain Equipment Lease Agreement, dated as of July 7, 2006, by and between FAL and Toshiba. “FAL Master Agreement” means that certain Flash Alliance Master Agreement, dated as of July 7, 2006, by and among Toshiba, SanDisk Corporation and SanDisk Ireland. Exhibit A-2

Examples of Equivalent Lot in a sentence

• The term “Threshold NAND Capacity Ratio” shall mean the applicable Party’s NAND lot per month capacity [***] in the Y5 Facility, as calculated on an Equivalent Lot (as defined below) basis divided by [***], provided, however, that [***].

• Each of the Parties will have the right and obligation, through Flash Forward, to utilize fifty percent (50%) of the JV Space products, on an Equivalent Lot basis.

• For the avoidance of doubt, each of the Parent Parties shall have the right and obligation, through the JVs, to utilize 50% of the manufacturing capacity for JV BiCS Products manufactured in whole or in part at the Yokkaichi Facility, on an Equivalent Lot basis, as provided in the JV Master Agreements.

• For the avoidance of doubt, Toshiba Memory, on one hand, and WD and SanDisk, on the other hand, shall have the right and obligation, through the JVs, to utilize 50% of the manufacturing capacity for JV BiCS Products manufactured in whole or in part at the K1 Facility, on an Equivalent Lot basis, as provided in the JV Master Agreements.

• For the avoidance of doubt, Kioxia, on one hand, and WD and SanDisk, on the other hand, shall have the right and obligation, through the JVs, to utilize fifty percent (50%) of the manufacturing capacity for JV BiCS Products manufactured in whole or in part at the K2 Ph1 Facility, on an Equivalent Lot basis, as provided in the JV Master Agreements.

• For the avoidance of doubt, TMC, on one hand, and WD and SanDisk, on the other hand, shall have the right and obligation, through the JVs, to utilize 50% of the manufacturing capacity for JV BiCS Products manufactured in whole or in part at the Y6 Facility, on an Equivalent Lot basis, as provided in the JV Master Agreements.

• The Y5 Facility shall consist of a first phase (“Phase I”) with manufacturing capability for an estimated [***] Equivalent Lots per month, and, upon notice by Toshiba to SanDisk [***] a second phase (“Phase II”) currently planned to be substantially similar in size and Equivalent Lot capacity.