Common use of Obsolescence Clause in Contracts

Obsolescence. Buyer shall have no responsibility for obsolescence as a result of a running change approved by Xxxxx. In such case, Seller will be liable for any obsolescence of Raw Materials and/or Finished Goods (as those terms are defined in the Logistics Parameter) in excess of the amount projected by the production releases in place at the time of the production order change. If the change approved by Buyer is a fixed-date change, Buyer’s obligation for obsolescence shall not exceed the amount equal to six (6) weeks of Raw Materials and two (2) weeks of Finished Goods (as those terms are defined in the Logistics Parameter) according to projected production releases in place at the time of the production order.

Obsolescence. Buyer shall have no responsibility for obsolescence as a result of a running change approved by XxxxxBuyer. In such case, Seller will be liable for any obsolescence of Raw Materials and/or Finished Goods (as those terms are defined in the Logistics ParameterRecord) in excess of the amount projected by the production releases in place at the time of the production order change. If the change approved by Buyer is a fixed-date change, Buyer’s obligation for obsolescence shall not exceed the amount equal to six (6) weeks of Raw Materials and two (2) weeks of Finished Goods (as those terms are defined in the Logistics ParameterRecord) according to projected production releases in place at the time of the production order.