Sub-tier Components Sample Clauses
The Sub-tier Components clause defines the requirements and responsibilities related to components or parts that are sourced from suppliers at lower levels in the supply chain. It typically outlines how these sub-tier components must meet certain quality, safety, or compliance standards, and may require the primary contractor to ensure that their suppliers adhere to the same contractual obligations. This clause helps maintain consistency and accountability throughout the supply chain, ensuring that all parts used in the final product meet the necessary requirements and reducing the risk of defects or non-compliance.
Sub-tier Components. Upon the effective date of any cost reduction in a sub-tier component, the JVC shall immediately pass on to Buyer one hundred percent (100%) of the cost savings on a forward looking, weighted average basis or as mutually agreed by the Parties.
Sub-tier Components. Upon the effective date of any cost reduction in a sub-tier component, Supplier shall immediately pass on to Sun one hundred percent (100%) of the cost savings on a forward looking, weighted average basis or as mutually agreed by the parties.