Procurement of Components; Inventory Management Sample Clauses

Procurement of Components; Inventory Management. 4.1 Authorization to Procure Components. Each Purchase Order or Forecast, solely with respect to Long Lead-time Components (as detailed in Section 9) shall constitute an authorization for Sanmina to procure all Components required for the manufacture of the Products covered by such Purchase Orders, based on the applicable lead times of such Components and in accordance with Sanmina’s standard material ordering policies, attached hereto as Exhibit G (“Policies”). Kornit hereby agrees to be financially responsible for all Components ordered in accordance with the Policies pursuant to any Purchased Order and any binding portion of the Forecasts provided by Kornit. In addition, subject to Kornit’s prior written approval, Sanmina will be entitled to procure Special Inventory required to support Kornit’s Purchase Orders. Notwithstanding the provisions of the Policies the following shall apply: (i) Sanmina shall make purchase commitments only based on Purchase Orders and not based on Forecasts, excluding as set forth in Section 9; (ii) the payment terms set forth in Section E(viii)b of the Policies shall not apply but rather the payment terms set forth in Section 7; and (iii) Section F of the Policies shall be amended such that the end of the sentence will be deleted (“provided, however, that Sanmina shall not be obligated to attempt to return to Vendor Components which are, in the aggregate, worth less than [***]. To the extent Sanmina actually receives from a vendor of Components or services the benefit arising from said vendor’s warranty obligations related to its Components or services and to the extent such benefit is transferrable, Sanmina shall transfer such benefit to Kornit (without any actual liability for such vendor’s warranty obligations). In the event of a conflict between the provisions of Exhibit G and the provisions of this Agreement, the provisions of this Agreement will prevail.
Sample 1
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Procurement of Components; Inventory Management 
Sample 1

Related to Procurement of Components; Inventory Management

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