E&O Inventory definition
Examples of E&O Inventory in a sentence
If, after these ****, there is remaining E&O Inventory, then Customer will be responsible for all such E&O Inventory to the extent such E&O Inventory was purchased by Flextronics based on MRP Demand and in compliance with Section 4.
At each Supply Review Meeting, the parties will identify and agree upon E&O Inventory.
Flextronics shall invoice Customer for the Cost of such remaining E&O Inventory and Customer shall pay in accordance with Section 3.5. Upon payment by Customer, Flextronics shall, at Customer’s sole option, either ship, at Customer’s expense, such remaining E&O Inventory to Customer or dispose of such remaining E&O Inventory in a commercially reasonable manner approved by the Customer and credit or reimburse, as applicable, Customer any monies received from third parties.
As shown on Exhibit 4.1a, the parties will have no more than **** to carry out any agreed upon mitigation plan to reduce exposure from such E&O Inventory.
Company shall pay Jabil all monies when due, including all NRE Costs and E&O Inventory invoiced pursuant to Section 10.4. Payment of all undisputed amounts in an invoice shall be net ten (10) days from date of invoice.
NSGT shall provide a report, once every six (6) months, to Xtera specifying the quantity of E&O Inventory currently on hand.
Upon purchase by Xtera under this subsection, E&O Inventory will either be returned to Xtera, placed in consignment at NSGT, or scrapped, at Xtera’s direction and expense.
In the event of an order cancellation or delay agreed to in writing by Jabil, Company shall be liable for cancellation charges quoted by Jabil, which may include without limitation, charges for E&O Inventory as provided herein, work-in-process, finished goods, and supplier-imposed charges, such as cancellation and transportation charges to obtain and return the materials or components.
Company shall be liable for E&O Inventory at Jabil’s Purchasing Standard Cost plus three and 3 quarters percent (3.75%) to be billed following the event which results in E&O Inventory (e.g., agreed-to order rescheduling, change order, order cancellation), or each calendar quarter if not invoiced following such event.
Final disposition of inventory will follow 3.2 E&O Inventory for Discontinued ATM Products except that for Payment Solution Discontinued Products NCR will purchase at the current AVL price list plus only standard freight at ***% of the material cost.