Initial Period Procedures Clause Samples

Initial Period Procedures. The parties acknowledge Purchaser’s expressed desire that IR provide extensive assistance during the six month period following the date hereof (the “Initial Period”) to Purchaser with respect to the preparation of forecasts for Services based on Purchaser’s customer demand, preparation of forecasts for supply of starting material for Services, negotiation of supply to and purchase by Purchaser of silicon substrate starting material for Wafer Services and overall coordination of the various Services. In furtherance thereof, the parties agree as follows: 1.6.1 Concurrently with the execution of this Agreement, the parties are entering into a separate Transition Services Agreement (the “TSA”), pursuant to which IR has agreed to provide and Purchaser has agreed to purchase certain administrative services. During the Initial Period, IR shall provide and Purchaser shall purchase the Planning Support Services, Manufacturing Support Services, Quality Support Services and Logistics Support Services (as such terms are defined and described in the TSA) in accordance with the provisions of the TSA. 1.6.2 [***] [***] Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.