Purchased Parts definition

Purchased Parts means parts purchased by Borrower or a Secured Guarantor from a third-party supplier or a Foreign Subsidiary which are used for assembly.
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Purchased Parts means new raw materials purchased by Borrower in the ordinary course of its business to be used in the production of finished goods.
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Purchased Parts means parts purchased by Borrower or a Secured Guarantor from a third-party supplier or a Foreign Subsidiary which are used for assembly. "QUALIFIED ASSIGNEE" means (a) any Lender, any Affiliate of any Lender and, with respect to any Lender that is an investment fund that invests in commercial loans, any other investment fund that invests in commercial loans and that is managed or advised by the same investment advisor as such Lender or by an Affiliate of such investment advisor, and (b) any commercial bank, savings and loan association or savings bank or any other entity which is an "accredited investor" (as defined in Regulation D under the Securities Act or 1933) which extends credit or buys loans as one of its businesses, including insurance companies, mutual funds, lease financing companies and commercial finance companies, in each case, which has a rating of BBB or higher from S&P and a rating of Baa2 or higher from ▇▇▇▇▇'▇ at the date that it becomes a Lender and which, through its applicable lending office, is capable of lending to Borrower without the imposition of any withholding or similar taxes; PROVIDED that no Person determined by Agent to be acting in the capacity of a vulture fund or distressed debt purchaser shall be a Qualified Assignee and no Person or Affiliate of such Person (other than a Person that is already a Lender) holding Subordinated Debt or Stock issued by any Credit Party shall be a Qualified Assignee.
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Examples of Purchased Parts in a sentence

  • It is to be applied to the Purchased Parts group of goods (integrally cast and assembly parts, cast parts).

  • Supplier warrants to the original Customer that Products (including Purchased Parts) will be free from defects in material and workmanship, under normal use and service, for [*] from the installation date, or for [*] from date of shipment by Supplier for Replacement Parts.

  • In addition, as a part of a Cummins quality assurance program, Case and its Affiliates shall comply with all reasonable requirements of Cummins for the placement of a nondescript trademark on all Purchased Parts and Components used in Licensed Products.

  • The Sponsors shall purchase, and shall --------------- cause their respective Affiliates to purchase, Purchased Parts in accordance with this Section 2.05.

  • Maintains computer and other files containing vendor schedules, vendor capacity plans, latest vendor commitment dates and customs and traffic data for Raw Materials/ Purchased Parts and Outside Production items.

  • At least 120 days before the end of -------------------- any calendar year, each Sponsor shall use reasonable efforts to provide the Project Manager with a forecast of Licensed Engines, Cummins Products, Case Products, Components and Purchased Parts that it and its Affiliates will require from the Plant during the next five years.

  • If quantities of Purchased Parts are not adequately available to meet the requirements of the Partnership and Affiliates or Licensees which do not have substantial manufacturing facilities in North America, the Sponsors shall request that the Partnership work with its vendors to allocate such Purchased Parts in proportion to the level of firm orders or in such other proportion as the Sponsors may agree.

  • This Purchased Parts Quality Assurance Agreement is coming into force on the date of its signing and is concluded for an indefinite period of time.

  • The Sponsors shall permit their (i) Affiliates and Licensees, which do ------- not have substantial manufacturing facilities in North America, to purchase directly from any vendor to the Partnership, Purchased Parts which have been manufactured by such vendor upon terms negotiated by such Affiliates or Licensees.

  • The Purchased Parts Overhead covers the co▇▇ ▇▇▇ ▇▇▇chasing, scrap, excess and obsolete material and inventory carrying.

Related to Purchased Parts

  • Purchased Property As defined in Section 2.01(a) of the Pooling Agreement.

  • Seller Use means fuel used for gas compression, LPG plants and LNG plants, other gas needed by Seller's facilities to furnish the requirements of Buyers, together with unaccounted for gas. This gas shall be considered Included In Priority of Service Category 1. Other vital uses of Seller, such as flame stabilization requirements, will be met as long as such uses do not jeopardize service to its firm service Buyers.

  • Purchased Equipment means any equipment, including any Software, sold by BT to the Customer.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Seller Released Parties has the meaning set forth in Section 6.7(b).