Component Shortages Clause Samples

The Component Shortages clause addresses situations where a party is unable to fulfill its obligations due to a lack of necessary parts or materials. Typically, this clause outlines the procedures to follow if a shortage occurs, such as notifying the other party, seeking alternative sources, or adjusting delivery schedules. Its core function is to allocate risk and provide a clear process for managing supply chain disruptions, thereby minimizing disputes and ensuring both parties understand their responsibilities during shortages.
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Component Shortages. Kenmec agrees to provide appropriate technical and commercial support to ensure supply of all Components that may be in limited supply. In the event of a probable or potential Component shortage or availability problem, Kenmec will immediately notify OJO. The Parties will agree on appropriate action and allocation of associated costs. In addition, the Parties may mutually agree to operate with a price part variance dollar limit on a single or multiple Component basis to procure Components in shortage of supply. For general market allocation issues that arise for Components, the Parties will follow the process set forth below: 9.4.1. The Parties will provide each other monthly updates on the Component marketplace. Specific reference will be made to Components that are considered by either Party to be at risk or currently in allocation. If either Party identifies a Component as being on allocation, the Parties will meet to discuss the problems and agree upon a time based, aggregate, dollar amount limit that Kenmec can use to cover all premium purchases for that allocated Component, without having to get line item approval from OJO. 9.4.2. Kenmec, on a weekly basis, will report to OJO the following for each allocated Component: (a) agreed upon Component limit; (b) spend to date for allocated Component; and (c) forecasted spend for allocated Component. 9.4.3. Kenmec agrees to utilize Prudent Procurement Practices to purchase Components in market allocation periods. Kenmec agrees to review and modify as required the frequency of supplier forecast transmissions during the allocation period. Kenmec further agrees to use such allocated Components procured to meet Forecasts and Accepted Orders.
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Component Shortages. Flextronics agrees to provide appropriate support to target supply of all Components or families of Components (affecting Products) that may be in limited supply. In the event of a probable or potential Component shortage or availability problem that may impact assurance of supply, Flextronics will immediately escalate the situation to the affected Eligible Buyer(s).
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Related to Component Shortages

  • Cash Shortages No employee may be required to make up cash register shortages unless he or she is given the privilege of checking the money and daily receipts upon starting and completing the work shift, and unless the employee has exclusive access to the cash register during the work shift and unless cash is balanced daily, except as specified below. No employee may be required to make up register shortages when Management exercises the right to open the register during the employee's work shift, unless the register is opened in the presence of the employee and the employee is given the opportunity to verify all withdrawals and/or deposits. No employee shall be held responsible for cash shortages unless he or she has exclusive access to his or her cash.

  • Shortages Claims for shortages in the amount of Products shipped by Patheon will be dealt with by reasonable agreement of the parties.

  • Equipment Failures In the event of equipment failures beyond the Administrator's control, the Administrator shall take reasonable and prompt steps to minimize service interruptions but shall have no liability with respect thereto. The Administrator shall develop and maintain a plan for recovery from equipment failures which may include contractual arrangements with appropriate parties making reasonable provision for emergency use of electronic data processing equipment to the extent appropriate equipment is available.

  • Performance Deficiencies If the City or the Quality Control Manager determine in their reasonable belief that any of the Infrastructure Improvements are not being constructed in accordance with the Infrastructure Improvement Plans or this Agreement in any material respect, they shall immediately notify RCP and Bliss Sports II in writing stating the alleged deficiency and the City, the Quality Control Manager, the Architect, RCP and Bliss Sports II will meet within seven (7) days of the giving of such notice to discuss whether the Infrastructure Improvements are not being constructed in accordance with the Infrastructure Improvement Plans or this Agreement in any material respect and, if the City, RCP and Architect agree that they are not, then RCP shall cause Bliss Sports II to correct such deficiencies. The failure by the City to provide any notice of any observed deficiency shall not give rise to any liability to the City and shall not be considered a waiver of any right of the City under this Agreement, including, without limitation, the enforcement of the representations and warranties of Bliss Sports II under this Agreement and any warranties that may be made to the City by any Contracting Parties under the Infrastructure Construction Contract Documents with respect to the completion of the Infrastructure Improvements in accordance with the Infrastructure Improvement Plans and the Project Timeline.

  • Bilingual Differential When formally assigned in the employee’s position description, an employee assigned to interpret to or from another language to English will receive a differential of five percent (5%) of base pay.