Major Quality Escape definition
Major Quality Escape means (a) any material defect that reaches the original equipment manufacturer customer which does not have a Carrier approved remediation plan in place thirty (30) days following identification of such issue or (b) breach of the quality or delivery requirements in the Carrier Supply Agreement resulting in a termination by Carrier of the Carrier Supply Agreement.
Examples of Major Quality Escape in a sentence
Purchaser’s failure to comply with any provision of this Section 5.15(b) in any material respect for an Applicable Year shall eliminate any obligation of Seller to pay any Seller Payment to Purchaser as a result of a Shortfall for such Applicable Year and, if the failure also constitutes a Major Quality Escape, any subsequent Applicable Year.