Common use of Obsolescence Clause in Contracts

Obsolescence. If Supplier plans to cease production of any Parts after the twenty-year period as detailed in Section 2.3(b) above, then Supplier shall provide Buyer with at least one calendar year’s notice of such event so that Buyer may request a “last-time” buy from Supplier for such Parts. If Supplier plans to cease production of any goods (into which the applicable Parts are incorporated) Buyer purchases under this Order within two (2) years from the date on the Order, Supplier shall provide Buyer with at least one calendar year’s notice of such event so that Buyer may request a “last-time” buy from Supplier of such goods.

Appears in 43 contracts

Samples: Ge Vernova Power Terms, Ge Vernova Power Terms, Ge Vernova Power Terms

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Obsolescence. If Supplier plans to cease production of any Parts after the twentyfive-year period as detailed in Section 2.3(b) above, then Supplier shall provide Buyer with at least one calendar year’s reasonable advanced notice of such event so that Buyer may request a “last-time” buy from Supplier for such Parts. If Supplier plans to cease production of any goods (into which the applicable Parts are incorporated) Buyer purchases under this Order within two (2) years from the date on the Order, Supplier shall provide Buyer with at least one calendar year’s reasonable advanced notice of such event so that Buyer may request a “last-time” buy from Supplier of such goods.

Appears in 8 contracts

Samples: www.gevernova.com, www.gepowerconversion.com, gexproservices.com

Obsolescence. If Supplier plans to cease production of any Parts after the twentyten-year period as detailed in Section 2.3(b) above, then Supplier shall provide Buyer with at least one calendar year’s two (2) years’ notice of such event so that Buyer may request a “last-time” buy from Supplier for such Parts. If Supplier plans to cease production of any goods (into which the applicable Parts are incorporated) Buyer purchases under this Order within two (2) years from the date on the Order, Supplier shall provide Buyer with at least one calendar year’s two (2) years’ notice of such event so that Buyer may request a “last-time” buy from Supplier of such goods.

Appears in 5 contracts

Samples: Ge Power, Ge Power, Ge Power

Obsolescence. If Supplier plans to cease production of any Parts after the twenty-year twentyyear period as detailed in Section 2.3(b) above, then Supplier shall provide Buyer with at least one calendar year’s notice of such event so that Buyer may request a “last-time” buy from Supplier for such Parts. If Supplier plans to cease production of any goods (into which the applicable Parts are incorporated) Buyer purchases under this Order within two (2) years from the date on the Order, Supplier shall provide Buyer with at least one calendar year’s notice of such event so that Buyer may request a “last-time” buy from Supplier of such goods.. (c)

Appears in 4 contracts

Samples: www.ge.com, www.gevernova.com, www.gevernova.com

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Obsolescence. If Supplier plans to cease production of any Parts after the twenty-year period as detailed in Section 2.3(b) above, then Supplier shall provide Buyer with at least one calendar year’s notice of such event so that Buyer may request a “last-time” buy from Supplier for such Parts. If Supplier plans to cease production of any goods (into which the applicable Parts are incorporated) Buyer purchases under this Order within two (2) years from the date on the Order, Supplier shall provide Buyer with at least one calendar year’s notice of such event so that Buyer may request a “last-time” buy from Supplier of such goods.. (c)

Appears in 3 contracts

Samples: www.ge.com, www.gevernova.com, www.gesupplier.com

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