Common use of Downside Flexibility Clause in Contracts

Downside Flexibility. Seagate may reschedule any delivery up to [****] beyond the original delivery date. Seagate may cancel any purchase order, in whole or in part, as follows:

Appears in 1 contract

Sources: Media Supply Agreement (Komag Inc /De/)

Downside Flexibility. Seagate may reschedule any delivery up to [****] beyond the original delivery date. Seagate may cancel any purchase order, in whole or in part, without any liability owed to Supplier, as follows: (a) [****]. If Product is customized for Seagate, then the parties will negotiate cancellation charges in good faith based upon reasonable lead times and offsets using: (a) Seagate’s Forecast related to Product mix, (b) reasonable component work-in-process, (c) reasonable component lead time, (d) the level of component customization. (b) [****].

Appears in 1 contract

Sources: Product Supply Agreement (Komag Inc /De/)