Obsolete Materials definition

Obsolete Materials shall have the meaning set forth in Paragraph 6.4.2.
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Obsolete Materials. Unique Materials on hand and ordered consistent with Buyer's forecast at agreed-upon leadtimes which can no longer be used for their designated Product and/or for which there is no forecast for the following [*].
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Obsolete Materials mean materials and components in Jabil inventory that: (a) no longer appear on a Company xxxx of materials (BOM), or (b) no longer has demand but appears on a Company BOM of a Product on a Build Schedule or Build Schedule Forecast, or (c) Jabil purchased or is on order by Jabil based on a Build Schedule Forecast, Build Schedule, or other written instruction by Company to Jabil.
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Examples of Obsolete Materials in a sentence

  • Buyer will be liable for, and Buyer's liability with respect to the procurement of Materials will be limited to Excess and Obsolete Materials as set forth in Section 7 and Section 8 below.

  • Buyer is to advise Seller of its decision with respect to the proposed ECO within [*] after receipt of Seller's written notifica- tion, Buyer will not be liable for any Excess or Obsolete Materials arising as a direct result of such Seller ECO.

  • Consider receiving the FY 2010-11 Fourth Quarter Surplus and Obsolete Materials Report (GM Memo No. 11-168).D-5.

  • Supplier will notify Sun of the part number, quantity and the cost of Obsolete Materials in a consolidated report (“Obsolete Materials Report”).

  • BreconRidge shall use its best efforts to invoice Customer for the Obsolete Materials under a program before production of the Product corresponding to such program commences.


More Definitions of Obsolete Materials

Obsolete Materials mean any Materials ordered at the request of GS that will become obsolete as a result of (i) the expiration or termination of the GSK Supply Agreement or (ii) changes in Final Product Specifications and/or the changes in labeling and packaging.
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Obsolete Materials means SUTCs (defined below) which: (a) are in Supplier’s inventory and ordered consistent with Sun’s Forecast and agreed-upon SUTC Lead-times; (b) are subject to an Intervening Event and exceed the quantity necessary to manufacture Sun’s remaining forecasted volume of the Product; and (c) Supplier has itemized on an Obsolete Materials Report.
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Obsolete Materials means Materials on hand that can no longer be used on the Product.
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Obsolete Materials means parts, components and other materials listed in the Master Xxxx of Material which as of a particular date are anticipated to have zero demand within 90 days thereafter, based on the current Forecast in effect as of such particular date, and which are not associated with Products currently manufactured by SMTC;
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Obsolete Materials means: any material which the Seller has purchased or issued a purchase order to the material vendor that is, no longer being required by the Seller to manufacture Products (or being otherwise unsuitable for use in the manufacture of Products due to the passage of time) within the ** months, based on the most recent Orders and Forecast. In the event of:
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Obsolete Materials means any Materials that are in Flextronics’ inventory and were ordered, acquired, or produced in support of an applicable Materials Commitment using efficient inventory purchasing practices and for which there is [*] in the current [*] from Customer.
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Obsolete Materials shall have the meaning provided in Section 4.8(c) of this Agreement.
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