Company Consigned Material definition

Company Consigned Material means any material or component furnished directly or indirectly to MST by COMPANY under this Supply Agreement (3.5). “COMPANY Consigned Material” further includes any equipment or tooling supplied by COMPANY to MST or purchased by COMPANY for MST (3.4).
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Company Consigned Material has the meaning set out in Article 66.1;
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Examples of Company Consigned Material in a sentence

  • Such Products will be subject to separate terms and conditions, which will not affect these Terms or the Agreement.

  • Supplier shall, within five (5) Business Days of receipt of any Company Consigned Material, notify Company of any claims for quantity variation or quality problems in the Company Consigned Material furnished to Supplier.

  • Supplier shall, at Company’s option, return to Company or hold for Company’s disposition, free of restrictions, any or all of the Company Consigned Material (including any Scrap produced as a by-product) and/or any or all of the Company Consigned Tools and related drawings in Supplier’s possession at (a) the completion of the Order, (b) expiration, cancellation or termination of this Agreement, or (c) the withdrawal of the ▇▇▇▇▇▇ Consigned Material, as provided above.

  • If Supplier removes all or any part of the Company Consigned Material from one building to another, Supplier shall continue to be responsible for loss and damage and Supplier shall give Company at least thirty (30) Business Days advance notice of the removal except when the removal is required during Supplier’s manufacturing process or to protect the Company Consigned Material from damage or loss.

  • Supplier shall, at Company’s request, promptly execute a “protective notice” UCC-1 form for Company Consigned Material and Company Consigned Tools located in the United States, or such other documents reasonably necessary in non-US jurisdictions to enable Company to protect its interest in such consigned items.

  • Supplier assumes responsibility for any loss or damage to such Company Consigned Material and shall be liable for the full actual value of the Company Consigned Material with the exception of loss due to normal waste, shrinkage, breakage or other spoilage, reduction in moisture content, etc.

  • If Supplier defaults in carrying out Supplier’s obligations with respect to the Company Consigned Material or the Company Consigned Tools under this Agreement or an Order, then, at no cost to Company and upon twenty-four (24) hours notice to Supplier, Company may withdraw all or any part of the Company Consigned Material and/or Company Consigned Tools.

  • Wherever practicable, the Company Consigned Material shall be kept segregated in an area marked “PROPERTY OF ▇▇▇▇▇▇” (such other entity as Company may direct).

Related to Company Consigned Material

  • Received Material means records, software and other material, whether complete or not, that, as a result of this Agreement, are received by the Contractor or a Subcontractor from the Province or any other person;

  • Produced Material means records, software and other material, whether complete or not, that, as a result of this Agreement, are produced or provided by the Contractor or a Subcontractor and includes the Incorporated Material;

  • Dredged material means any material removed from the bed of any waterway by dredging.

  • Licensed Material means radioactive material received, possessed, used, transferred or disposed of under a general or specific license issued by the Agency.

  • Input Material means all documents, information, representations, statements and materials provided by Customer or a third party on behalf of Customer, relating to the Services, including computer programs, data, logos, reports and specifications and inventories.