Product Discontinuation definition

Product Discontinuation means a process by which the electrical or mechanical components of a Product become no longer compatible with Product specification or the Product itself will no longer be in mass production. “Last Buy” means the Products that Customer or System Owner purchases from Supplier prior to Product Discontinuation to account for the anticipated rate of defect for such Products.
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Product Discontinuation means a process by which the electrical or mechanical components of a Product become no longer compatible with original product or the Product itself will no longer be in mass production.
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Product Discontinuation. Vendor shall give Ingram thirty (30) days advance written notice of Product discontinuation. Ingram may return all such Product to Vendor within one hundred eighty (180) days following discontinuation for full credit of Product purchase price plus all freight charges incurred by Ingram in returning the Product.
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Examples of Product Discontinuation in a sentence

  • Supplier shall notify Customer of its plan for Product Discontinuation six (6) months prior to the date on which such Product Discontinuation takes effect.

  • Distributor will cooperate with MaxLinear in distributing Product Discontinuation notices to affected End Users, Distributor will be given three months to place final orders (“Last Order Period”) for the Products and an additional three months to take delivery of the Products.

  • Customer shall determine the Last Buy amount and notify Supplier within sixty (60) days of receiving Supplier’s notification of Product Discontinuation (“Customer’s Last Buy Notice”).

  • In the event of any such discontinuance, Xilinx shall issue a Product Discontinuation Notification (“PDN”) in accordance with its then-current policy.

  • This Agreement shall automatically terminate if, as a result of the Customer exercising its right to discontinue a Product under clause 4.8 (Product Discontinuation), there are no other Products covered by this Agreement, and in such event clause 17 (Effect of Termination) shall apply.

  • Customer shall determine the Last Buy amount and notify Supplier within thirty (30) days of receiving Supplier’s notification of Product Discontinuation.

  • Subject to Section 1.11(h), notwithstanding anything in this Agreement to the contrary, nothing herein shall prevent or restrict Parent or its Subsidiaries from, at any time (A) in Parent’s reasonable discretion, ceasing all research, development and commercialization with respect to the IMPT-314 Product (the date of such determination by Parent, the “IMPT-314 Product Discontinuation Date”) or (B) in Parent’s sole discretion, licensing or divesting its rights in and to the IMPT-314 Product.

  • If at any time during the one year period following the Closing, the Company determines to sell any former product line of the Verilink Sellers to another person (other than in a Product Discontinuation), then the Company shall use its commercially reasonable efforts to effect such sale, and upon such sale shall pay to Seller 50% of the proceeds of such sale, net of all reasonable sale expenses incurred by the Company in connection with such sale.

  • If Customer discontinues sale of, or otherwise withdraws from the market, a Product in all of the Territory under this clause 4.8 (Product Discontinuation), the provisions of clause 17.1 (Consequences Arising) shall apply in respect of the discontinued Product.

  • In the event that (i) any Authority takes any action that prevents Client from importing, exporting, purchasing or selling a Product in all or part of the Territory or (ii) subject to Section 3.5 (Product Discontinuation), Client elects to discontinue selling a Product or otherwise withdraws a Product from the market in all or part of the Territory, Client may terminate this Agreement as to any Product and applicable portion of the Territory upon [***] prior written notice to Halo.