Direct Material definition
Examples of Direct Material in a sentence
Damages from one Party towards the other Party shall be limited to Direct Material Damages which have a causal link with the fault(s) and amounts determined in Article 10.2 of the present attachment.
In the event the total amount claimed by Network User and all other Network Users for this single event exceeds five hundred thousand Euros (EUR 500 000), this five hundred thousand Euros (EUR 500 000) shall be distributed between Network User and the other affected Network Users pro rata the amount of Direct Material Damages sustained by all affected Network Users.
Damages from one Party towards the other Party shall be limited to Direct Material Damages which have a causal link with the fault(s) and the damages determined in Article 5.2 of these General Conditions.
The chairman of the meeting is the Volvo Cars Vice Presidents of Direct Material and participants are Volvo Cars Vice Presidents of Direct Material, Volvo Cars Sourcing Analyst, Volvo Cars Cost Estimate Director and Volvo Cars SQM Program Manager.
If requested by Customer as an alternative remedy, Boeing will reimburse Customer in accordance with the provisions of Exhibit C, Part 2, Article 7.3, for Direct Labor and Direct Material for repair of a failed SLP Component/Item an amount not to exceed the difference between Boeing’s then current spare parts price for such SLP Component/Item and the price determined pursuant to Article 3, below.
If requested by Customer as an alternative remedy, Boeing will reimburse Customer in accordance with the provisions of Exhibit C, Part 2, Article 7.3, for Direct Labor and Direct Material for repair of a failed SLP Component an amount not to exceed the difference between Boeing’s then current spare parts price for such SLP Component and the price determined pursuant to Article 3, below.
In the event the total amount claimed by Grid UserNetwork User and all other Grid UserNetwork Users for this single event exceeds five hundred thousand Euros (EUR 500 000), this five hundred thousand Euros (EUR 500 000) shall be distributed between Grid UserNetwork User and the other affected Grid UserNetwork Users pro rata the amount of Direct Material Damages sustained by all affected Grid UserNetwork Users.
Boeing will have the right to disapprove costs it deems improperly reported or for which it does not receive sufficient data to verify either the Direct Labor Hours performed or the Direct Material Costs incurred in performing such maintenance.
In this respect, SELLER shall cause no later than 30 days from the date of this agreement a filing to be made with the appropriate Mexican authorities, a lien in favor of BUYER on all Direct Material and Raw Material shipped by BUYER to SELLER for use in production.
The Seller shall credit the Buyer’s Goods and Services Account with an amount equal to the Direct Labour Costs and the Direct Material Costs incurred by the Buyer in performing the repair or modification of the relevant Warranted Part.