Qualification Sample Lots Sample Clauses

Qualification Sample Lots. TSMC will produce and transfer to Company the number of qualification sample Lots of the Contract Wafers as set forth in the applicable Product Supplements. Company will evaluate each Lot of qualification samples and will, using the acceptance criteria set forth in the Product Supplements, issue a notice of approval or disapproval of the qualification Lots within ten (10) days of Company’s receipt of Contract Wafers. If Company rejects qualification sample Lot(s), the Parties will jointly cooperate in developing a corrective action plan. Based on such plan, Foundry will manufacture additional Lot(s) of sample qualification Wafers for Company’s evaluation. Company may purchase all qualification Wafers that are subsequently determined to meet the Product Specifications, provided, however, that such Wafers shall not be afforded the warranties provided in section 10.1 because the process used to manufacture them was not qualified. Foundry will not ship production quantities of Lots to Company until Foundry receives written notice of qualification of the Contract Wafers from Company. Foundry shall ship production quantities of particular Contract Wafers per Company’s orders after the applicable Product Specifications are achieved.
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Qualification Sample Lots. SMIC will produce and transfer to Spansion the number of qualification sample Lots of the Contract Wafers as set forth in the applicable Product Supplement. Spansion will evaluate each Lot of qualification samples and will, using the acceptance criteria set forth in the Product Supplements, issue a notice of approval or disapproval of the qualification Lots within ninety (90) days of Spansion’s receipt of such Contract Wafers. If Spansion rejects qualification sample Lots, the Parties will jointly cooperate in developing a corrective action plan. Based on such plan, SMIC will manufacture additional Lots of sample qualification Wafers for Spansion’s evaluation. Spansion may purchase all qualification Wafers that are subsequently determined to meet the Product Specifications. SMIC shall not be entitled to ship production quantities of Lots to Spansion until SMIC receives written notice of qualification of the sample Contract Wafers from Spansion.
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Qualification Sample Lots. GCS will produce and transfer to WJ the number of Process Qualification sample Lots of the Wafers requested by WJ. WJ will evaluate each Lot of Process Qualification samples and will issue a notice of approval or disapproval of the Process Qualification Lots within thirty (30) days of WJ’s receipt of the Wafers. If WJ rejects Qualification of the sample Lot(s), GCS shall cooperate in developing a corrective action plan reasonably acceptable to WJ. Based on such plan, GCS will manufacture additional Lot(s) of sample Process Qualification Wafers for WJ’s evaluation. WJ will purchase all Process Qualification Wafers that conform to the Specifications. GCS will not ship production quantities of Lots to WJ until GCS receives written notice of qualification of the Wafers from WJ. GCS shall ship production quantities of particular Wafers per WJ’s orders after the applicable Specifications are achieved.
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Related to Qualification Sample Lots

  • Qualification; Compliance 19 (d) Liabilities . . . . . . . . . . . . . . . . . . . . 19 (e) Welfare Plans . . . . . . . . . . . . . . . . . . . 20 (f) Documents made Available . . . . . . . . . . . . . 20 (g) Payments Resulting from Merger . . . . . . . . . . 20 (h) Labor Agreements . . . . . . . . . . . . . . . . . 21 Section 4.11

  • Qualification to Do Business Each of the Company and its Subsidiaries is duly qualified to do business as a foreign corporation, limited liability company or partnership (as the case may be) and is in good standing or similar concept in every jurisdiction in which the character of the properties owned or leased by it or the nature of the business conducted by it makes such qualification necessary, except where the failure to be so qualified or in good standing would not, individually or in the aggregate, have a Company Material Adverse Effect.

  • Qualification Rights Masterworks will have the right to request that the Company qualify on Form 1-A, or a comparable form, the resale of any Class A shares beneficially owned by Masterworks or any entity administered by Masterworks. There are no limitations or restrictions on the size or frequency of such qualification requests, other than pursuant to applicable law, provided, that all costs associated with any such qualification shall be the responsibility of Masterworks.

  • Listing, Qualification, Etc This option shall be subject to the requirement that if, at any time, counsel to the Company shall determine that the listing, registration or qualification of the shares subject hereto upon any securities exchange or under any state or federal law, or the consent or approval of any governmental or regulatory body, or that the disclosure of non-public information or the satisfaction of any other condition is necessary as a condition of, or in connection with, the issuance or purchase of shares hereunder, this option may not be exercised, in whole or in part, unless such listing, registration, qualification, consent or approval, disclosure or satisfaction of such other condition shall have been effected or obtained on terms acceptable to the Board of Directors. Nothing herein shall be deemed to require the Company to apply for, effect or obtain such listing, registration, qualification or disclosure, or to satisfy such other condition.

  • Qualifications, Legal Investment All authorizations, approvals, or permits, if any, of any governmental authority or regulatory body of the United States or of any state that are required in connection with the lawful sale and issuance of the Securities and Warrant Shares shall have been duly obtained and shall be effective on and as of the Closing. No stop order or other order enjoining the sale of the Securities or Warrant Shares shall have been issued and no proceedings for such purpose shall be pending or, to the knowledge of the Company, threatened by the SEC, or any commissioner of corporations or similar officer of any state having jurisdiction over this transaction. At the time of the Closing, the sale and issuance of the Securities and Warrant Shares shall be legally permitted by all laws and regulations to which Purchasers and the Company are subject. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction will have been enacted, entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having authority over the matters contemplated hereby which prohibits the consummation of any of the transactions contemplated by this Agreement.

  • Qualification to Transact Business The Company will take all steps necessary to ensure that at all times the Company will validly exist as a Maryland corporation and will be qualified to do business in all jurisdictions in which the conduct of its business requires such qualification and where such qualification is required under local law.

  • Tax Qualification Each Employee Benefit Plan intended to be qualified under Section 401(a) of the Code has been determined to be so qualified by the Internal Revenue Service and nothing has occurred since the date of the last such determination which resulted or is likely to result in the revocation of such determination.

  • Organization; Qualification The Company is a corporation duly organized and validly existing under the laws of the State of Delaware and is in good standing under such laws. The Company has all requisite corporate power and authority to own, lease and operate its properties and assets, and to carry on its business as presently conducted. The Company is qualified to do business as a foreign corporation in each jurisdiction in which the ownership of its property or the nature of its business requires such qualification, except where failure to so qualify would not have a material adverse effect on the Company.

  • Blue Sky Qualification The purchase of Units under this Subscription Agreement is expressly conditioned upon the exemption from qualification of the offer and sale of the Units from applicable federal and state securities laws. The Company shall not be required to qualify this transaction under the securities laws of any jurisdiction and, should qualification be necessary, the Company shall be released from any and all obligations to maintain its offer, and may rescind any sale contracted, in the jurisdiction.

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