Component Mitigation Sample Clauses

Component Mitigation. Plexus may have OX Components on hand or on order from time to time as a consequence of Demand cancellation or reschedule, Plexus’ support of increases to Demand by Customer, the failure of Purchase Orders to consume previously Forecasted requirements, the failure of Purchase Orders to consume a 20% Upside, the failure to have adequate or conforming supplies of Customer consigned, supplied, or managed Components, end of life requirements, economic or minimum order quantities, or engineering or material change orders. Customer is only liable for Component costs as provided in Section 2c. below. Plexus will use all reasonable efforts to minimize Component liability to Customer caused by Customer Demand changes, cancellations, and other factors. These efforts will include returning Components to, or restocking Components with, Suppliers, canceling orders with Suppliers, or using Components to meet the current demand of other Plexus customers. Customer agrees to assist Plexus in such efforts if appropriate and requested by Plexus. Customer acknowledges that Plexus’ mitigation efforts, even if successful, may result in cancellation, restocking, and similar charges imposed by Suppliers. Plexus will obtain Customer’s approval prior to incurring such charges. If so approved by Customer, Customer will pay Plexus for the charges imposed within thirty (30) days from the date of Plexus’ invoice.