Flash Partners definition

Flash Partners means Flash Partners, Ltd., a Japanese special limited liability company (tokurei yugen kaisha).

Flash Partners means Flash Partners, Ltd., a Japanese special limited liability company (tokurei yugen kaisha). “FP Master Agreement” means the Master Agreement between Toshiba and SanDisk dated as of September 10, 2004. “FP Operative Documents” means the Flash Partners Master Agreement dated as September 10, 2004, the Share Purchase Agreement between Toshiba and SanDisk Manufacturing, dated as of September 10, 2004, the Operating Agreement between Toshiba and SanDisk International, dated as of September 10, 2004, the Foundry Agreement between Flash Partners and Toshiba, dated as of September 10, 2004, the Purchase and Supply Agreement between Flash Partners and SanDisk International, dated as of September 10, 2004, the Purchase and Supply Agreement between Flash Partners and Toshiba, dated as of September 10, 2004, the Patent Indemnification Agreement between SanDisk Corporation and Toshiba, dated as of September 10, 2004, the Mutual Contribution and Environmental Indemnification Agreement between SanDisk Corporation and Toshiba, dated as of September 10, 2004, and the Lease Agreement between Flash Partners and Toshiba, as owner of the Yokkaichi Facility, dated as of September 10, 2004. “FVC Japan” means FlashVision Ltd., a Japanese special limited liability company (tokurei yugen kaisha). “FVC Japan Equipment” means any equipment which is or will, from time to time, be owned or leased by FVC Japan. “FVC Japan Master Agreement” means the Master Agreement between Toshiba and SanDisk dated as of April 10, 2002, as amended and restated as of the Effective Date. “FVC Japan Operative Documents” means the FVC Japan Master Agreement as amended to date, the New Operating Agreement between the Parties, dated as of April 10, 2002, as amended to date, the Foundry Agreement between FVC Japan and Toshiba, dated as of April 10, 2002, the SanDisk Foundry Agreement between the Parties, dated as of April 10, 2002, the Purchase and Supply Agreement between FVC Japan and SanDisk, dated as of April 10, 2002, the Purchase and Supply Agreement between FVC Japan and Toshiba, dated as of April 10, 2002, and the Services Agreement between FVC Japan and Toshiba dated as of April 1, 2002. “FVC Japan NAND Flash Memory Products” has the meaning given in Section 3.3 of the Master Agreement. “Governmental Action” means any authorization, consent, approval, order, waiver, exception, variance, franchise, permission, permit or license of, or any registration, filing or declaration with, by or in respect...

Examples of Flash Partners in a sentence

• Flash Partners shall manufacture or cause to be manufactured Y3 NAND Flash Memory Products as contemplated by Section 7.3.

• Each Party shall cause all covenants, conditions and agreements to be performed, observed or satisfied by each of its Affiliates that is a party to any Master Operative Documents to be fully and faithfully observed, performed and satisfied by such Affiliate, and shall not cause or permit to exist (i) an Event of Default with respect to such Affiliate or (ii) except as otherwise permitted by the FP Operating Agreement, any event of dissolution of Flash Partners caused by such Affiliate.

• Flash Partners production planning will hold a monthly production planning meeting with representatives of each Party, as further provided in the Purchase and Supply Agreements.

• If all of the FP Units held by one Party are purchased by the other Party or its designee, if requested by the acquiring Party the Parties shall reach agreement on a reasonable transition plan (without profit to the seller) in connection with the services provided to Flash Partners, as applicable, by employees and contractors of the selling Party.

• Flash Partners will make available to each Party one-half of its assets (with as near as practicable cost, collateral value and type) to secure such Party’s Financing (whether external or loans from a Party or its Affiliates).

• Each Party will submit forecasts, on a rolling six-month basis, directly to Flash Partners, as further provided in the Purchase and Supply Agreements.

• Toshiba will manufacture Y3 NAND Flash Memory Products at the Y3 Facility for Flash Partners ordered by Toshiba and SanDisk under the terms and conditions of the FP Purchase and Supply Agreements.

• Subject to Section 6.3(c), each of the Parties will have the right and obligation, through Flash Partners, to utilize 50% of the wafers produced at the Y3 Facility based on a measure of equivalent lots out per week with the equivalency being weighed based on the process complexity factors (as calculated by a formula to be mutually determined by the Parties) of the Y3 NAND Flash Memory Products.

• Flash Partners and Toshiba (from the Yokkaichi Facility) will use their best efforts to achieve the Ramp-Up Plan manufacturing capacity (the “Y3 Facility Target Capacity”).

• In the event of the dissolution and liquidation of Flash Partners, either Party (or any Affiliate of either Party) may solicit any former employee of such dissolved and liquidated company, but neither Party (nor any of its Affiliates) shall be required to employ any such Person.