Common use of Support Pool Clause in Contracts

Support Pool. Until any end products incorporating the Work are no longer in regular production and there are fewer than five (5) end products in operation, Seller shall, in addition to the Stock, maintain a pool of Work to support: aircraft on ground (“AOG”), warranty obligations, supply of Exchange Work (as defined below) and sparing (collectively “Support Pool”). The Support Pool shall be held in such locations as Buyer may from time to time direct. Title to the Work which are in the Support Pool shall remain with Seller. The quantity in the Support Pool shall be as set forth in Attachment A. Seller shall be responsible for tracking the location, and upgrading the configuration, of Work in the Support Pool. Upon removal of a Good from the Support Pool, Seller, at the earliest practicable time, shall (i) inform Buyer of the stock remaining in the Support Pool; (ii) replenish the Support Pool and in all cases, within the time period set forth in Attachment A (“Support Pool Replenishment Period”); and (iii) inform Buyer of Support Pool replenishment. Repaired Work may be placed in the Support Pool. If the Support Pool proves insufficient to satisfy Buyer’s requirements, Buyer may require Seller to increase the Support Pool. The Support Pool increase in quantity shall be at Seller’s expense and shall not be considered a change under the terms of the Agreement.

Appears in 1 contract

Sources: Long Term Agreement

Support Pool. Until any end products incorporating the Work If quantities are no longer in regular production and there are fewer than five (5) end products in operationindicated on Attachment A to this LTA, Seller SELLER shall, in addition to the Stock, maintain a pool of Work to support: aircraft on ground (“AOG”), warranty obligations, supply of Exchange Work (as defined below) and sparing (collectively “Support Pool”). The Support Pool shall be held in such locations as Buyer may from time to time direct. SELLER shall maintain Title to the Work which are in the Support Pool shall remain with SellerPool. The quantity in the Support Pool shall be as set forth in Attachment A. Seller SELLER shall be responsible for tracking the location, and upgrading the configuration, of Work in the Support Pool. Upon removal of a Good quantity from the Support Pool, SellerSELLER, at the earliest practicable time, shall (i) inform Buyer of the stock remaining quantity in the Support Pool; (ii) replenish the Support Pool and in all cases, within the time period set forth in Attachment A (“Support Pool Replenishment Period”); and (iii) inform Buyer of Support Pool replenishment. Repaired Work may be placed in the Support Pool. If the Support Pool proves insufficient to satisfy Buyer’s requirements, Buyer may require Seller SELLER to increase the Support Pool. The Any increase to the quantity in the Support Pool increase in quantity shall will be at SellerSELLER’s expense and shall not be considered a change under the terms of the Agreement.

Appears in 1 contract

Sources: Long Term Agreement