Consigned Material definition

Consigned Material means materials that Buyer owns and continues to own that are entrusted to Supplier.

Consigned Material means Precious Metals that are included in the Collateral Report, are held under a Consignment Agreement by a Consignee, and also meet the following requirements: (i) the term of the consignment does not exceed one (1) year from the date of delivery to the Consignee or may be terminated at any time for any reason by the Company upon not more than thirty (30) days prior notice; and (ii) there is in effect an Advised Consignee Letter of Credit or an Assigned Consignee Letter of Credit or Consignment Cash Collateral each in an amount equal to or greater than 110% of the aggregate Market Value of such Precious Metals.

Consigned Material means materials or equipment provided at no cost by NTI to Seller and used in designing, developing or manufacturing the Product.

Examples of Consigned Material in a sentence

• In case the difference reported by Seller and confirmed by the Buyer is higher than the applicable work loss allowance, the Seller shall pay Buyer the total cost of the missing Consigned Material including without limitation freight, packaging, taxes, duties, overhead, replacement cost and other damages associated with Seller’s loss of Consigned Materials.

• Upon withdrawal of such lot by Company from Consigned Material Storage, title to such lot shall pass to Company and sale of that lot shall be deemed to occur.

• Supplier shall manufacture and ship enough Material into Consigned Material Storage so that Consigned Material Storage contains the following: one (1) week forecast plus a level of safety stock not to exceed the next three (3) weeks of Company's forecast for such part numbers based on the then current Weekly Consignment Forecast.

• Company's commitment to purchase Consigned Material shall be only those quantities withdrawn by Company from Consigned Material Storage and as set forth below.

• In addition, the Weekly Consignment Forecast shall (a) show the quantities delivered by Supplier that are currently in Consigned Material storage (as hereinafter defined) and (b) list by part number the amount of Material withdrawn by Company from Consigned Material storage during such week and the balance of such Consigned Material Storage.

More Definitions of Consigned Material

Consigned Material means any [***] delivered by or for Infineon to Supplier for the manufacturing and delivery of Wafers and/or provision of Services.

Consigned Material shall be defined as Trimble-supplied Parts that are furnished to Solectron [***] to be used solely for manufacture of Trimble product. Consigned material will be identified in the Xxxx of Materials and Trimble will provide the material price.

Consigned Material means raw materials including Customer’s wafers, die, and certain raw materials as specified in Customer’s bill of material that is procured or otherwise provided to Carsem by Customer for Carsem use in providing the Goods and/or Services, work-in-process Customer’s wafers and scrap.

Consigned Material means materials that Buyer owns and continues to own that are entrusted to Supplier. "Emergency Order" or "EO" means a WA placed by Buyer with a lead time from Supplier's receipt of the WA to the shipping date not to exceed 24 hours. "End of Service" or "EOS" means date when customer service and support for a Parts is officially discontinued. "Field Replaceable Unit" or "FRU" means a Parts marked with a part number which Buyer will either Repair or replace at the customer location. "Lead Time" means the minimum length of time prior to a specific Delivery date that Supplier must receive a WA from Buyer to ensure delivery by such date. "New Defective" means a Parts that is not free of defects and fails upon Delivery and/or installation which may occur as a result of, but not limited to, shipping, handling, packaging or in manufacture prior to arrival at the delivery point; "Parts" means any FRU, specific component of a FRU, subassemblies of a FRU, CSP, any other part, component or subassembly described in this SOW, documentation, code and related Services associated with the completed assemblies. In the event this SOW is issued under a Non-Technical Services Agreement, "Parts" will be synonymous with "Deliverable". "Repair" or "Repaired" means all required repair activity including: disassembly, failure analysis, testing, component recovery, rework, warranty process, packaging, and/or final testing in accordance with this SOW or relevant WA. "Turn Around Time" or "TAT" means the elapsed time from the date of receipt acknowledgement of a FRU arriving at Supplier's from Buyer until shipment notice back to Buyer. "Yield" means the relationship between the AFR sent to Supplier for Repair and the returned Repaired Parts to Buyer.

Consigned Material shall have the meaning set forth in Section 2.3.

Consigned Material means Precious Metals that are included in the. Collateral Report, are held under a Consignment Agreement by a Consignee, and also meet the following criteria: (i) the term of the consignment does not exceed one year from the date of delivery to the Consignee or may be terminated at any time for any reason by the Company upon not more than thirty (30) days prior notice; (ii) there is a letter(s) of credit which is an Assigned Consignee Letter(s) of Credit in favor of the Company and for the account of such Consignee in an amount(s) equal to or greater than 110% of the aggregate Market Value of such Precious Metals; and (iii) the letter(s) of credit is/are issued by or confirmed by an entity located in the United States which has a debt rating of BBB or better by the Standard & Poor's rating agency.

Consigned Material means any Material that is required for the manufacture of a Product, as listed in the applicable Bill of Materials for such Product, that is owned by Customer or xx Ordering Company but which has been placed in the care, physical custody or control of Celestica or any of its Affiliates to be used in the manufacture of Products.