Loading Targets Clause Samples

Loading Targets. Panasonic shall use its reasonable best efforts to achieve the following loading targets in each Fiscal Year from Fiscal Year 2014 to first quarter of 2019: (i) Fiscal Year 2014: *** (ii) Fiscal Year 2015*** (iii) Fiscal Year 2016: *** (iv) Fiscal Year 2017: *** (v) Fiscal Year 2018: *** (vi) Fiscal Quarter 1, 2019: *** The price per wafer per product ordered (excluding prime wafer cost) (the “Price Table”) shall be as set forth on Schedule 6.1(a), as may be amended, which shall be reviewed and negotiated between Panasonic and the Company every Fiscal Year, taking into account the fair market price, relating to the Panasonic Products (Captive Business). Panasonic and the Company shall commence such review and negotiation on the Price Table for the next Fiscal Year in October and the new agreed price for wafer per product (excluding prime wafer cost) for the next and following years shall replace the existing price per wafer per product (excluding prime wafer cost). In addition to the above, Panasonic and the Company may discuss any possible amendment for the Price Table in case which either party reasonably deems necessary such as significant market changes. Panasonic and the Company shall prepare and agree on an additional price table when Panasonic and the Company introduce a new product line. The Minimum Loading shall mean the minimum number of Panasonic Products (Captive Business) per Product Category per fab to be ordered by Panasonic per month under the Panasonic Manufacturing Agreement as set forth in the Price Table. Panasonic understands that the number of Panasonic Products (Captive Business) per Product Category per fab to be ordered by Panasonic per month will not be under the Minimum Loading and Panasonic shall make its best efforts to make such number of order above the Minimum Loading.