BA Liability definition
Examples of BA Liability in a sentence
Customer will issue Flextronics a purchase order for the BA Dead Inventory within fourteen (14) calendar days following receipt of the BA Liability Report.
The terms of the Substitute Basis for the BA Liability or Libor Loan of such Affected Lender or any part thereof, as the case may be, if they are accepted by the Borrowers, shall be effective from any such acceptance and the provisions of this Agreement respecting such BA Liability or Libor Loan as the case may be, ipso facto, shall be amended to accord with the terms of the Substitute Basis for such Affected Lender.
By the end of each calendar quarter, Flextronics shall provide to Customer, along with the BA Liability Report, a report listing for the end of such quarter, all inventories for which the Inventory Turnover Ratio is lower than five (the “ITO Report”).
The following wording shall be added following Section 3.2 of the MSA Agreement as new Section 3.2A, under the title "BA Liability": "By the end of each calendar quarter, Flextronics shall provide to Customer a BA liability report listing for the end of such quarter: (i) all BA Dead Inventory (as defined below); and (ii) all BA Excess Inventory (as defined below) (the "BA Liability Report").
Payment of the foregoing amounts for BA Excess Inventory shall be made by Customer within fourteen (14) calendar days following receipt of the BA Liability Report, by wire transfer to Flextronics’s bank account, the details of which shall be provided by Flextronics.
The Honeywell BA Liability Cap may be reduced below Six Million Dollars ($6,000,000), pursuant to this Section 3.3(a), in the event that GenTek Holding does not comply with its undertakings pursuant to Section 13.1 of this Agreement.
Where the Borrower fails to make such payment, the Borrower shall be deemed to have requested that portion of the BA Liability corresponding to the BAs then maturing to be converted on such Selected Maturity Date into a Prime Rate Loan.
The Administrative Agent shall record therein the amount of each Prime Rate Loan, US Base Rate Loan, Daily Compounded ▇▇▇▇▇ Loan, Term ▇▇▇▇▇ Loan, Term SOFR Rate Loan, Revolving BA Liability and LC Liability, and shall enter therein each payment of principal and interest on the said Revolving Loans and all other amounts paid by the Borrower and becoming due under this Agreement.
In the event that Honeywell does not prevail in contesting such claim, the Honeywell BA Liability Cap shall be reduced by the lesser of: (i) one-half of such unreimbursed past response costs paid by Honeywell; and (ii) the amount of the Honeywell BA Liability Cap remaining unpaid by Honeywell.
In the event that Honeywell pays any such unreimbursed past response costs associated with the Front Royal Facility and at such time Honeywell shall have paid the full amount of the Honeywell BA Liability Cap, General Chemical shall have no obligation to refund or reimburse any amounts in respect of such unreimbursed past response costs to Honeywell.