Existing Components definition

Existing Components shall have the meaning ascribed to it in the Recitals hereto.
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Existing Components has the meaning set forth in Section 2.1(C).
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Examples of Existing Components in a sentence

  • These savings with respect to such Existing Components would be shared equally by the two parties.

  • Savings with respect to such Existing Components would be shared by the two parties.

  • The parties hereto agree that the amendments to the Loan Agreement set forth in this Section 6.05 shall automatically become effective upon the payment in full of the Existing Components and all accrued and unpaid interest thereon and the satisfaction of any other Obligations in respect of the Existing Components.

  • The prices provided herein are based on engineering changes required to Existing Components and the terms and conditions of the Component Supply Agreement under which AAM is committed to be competitive on future product programs such as this.

  • This sale of Productive Material by GM to AAM will, among other things, permit GM to assist in better controlling the quality of Existing Components it purchases.

  • AAM shall utilize such Productive Material and related inbound transportation only for the manufacture of GM and GMCL Existing Components for sale to GM, GMCL, and specified GM subsidiaries and other purposes expressly allowed by GM in writing, and both parties agree that the use by AAM of Productive Material for any unauthorized purpose may, at GM's option, be considered to be a material breach of this Agreement.

  • Any and all price reductions or increases to Existing Components produced in the AAM Plants, implemented for the benefit of GM, and its subsidiaries pursuant to Section 3.6 of the U.S. Supply Agreement shall apply equally to the Existing Components and the prices for the Existing Components shall be adjusted accordingly at such time as the corresponding price adjustments are made pursuant to the U.S. Supply Agreement.

  • Beginning March 1, 1996, and each calendar year thereafter during the term of this Agreement, fifty percent (50%) of the amount of the Cost Savings (as that term is defined in Paragraph 3.3 below) achieved in that year shall be passed on to GM and its subsidiaries by means of price reductions on GM and GMCL Existing Components, which price reductions shall be implemented quarterly or as soon thereafter as reasonably possible after such Cost Savings are achieved.

  • The unit prices for Existing Components applicable during the term of this Agreement, subject to increases or decreases pursuant to Paragraph 3.6 herein and the last sentence of this Paragraph 3.1, and further subject to adjustments in calendar year 1996 and all calendar years thereafter pursuant to Paragraph 3.2 herein, have been negotiated by GM and AAM and are stated in the Supply Schedule attached as Exhibit A.

  • AAM shall purchase all of its requirements for material (listed in Exhibit C) to be incorporated into GM and GMCL Existing Components and other components identified by GM which AAM has committed to sell to GM subsidiaries ("Productive Material") from GM at the *** prices contained in Exhibit C attached hereto.

Related to Existing Components

  • Components means articles, materials, and supplies incorporated directly into end products at any level of manufacture, fabrication, or assembly by the Contractor or any subcontractor.

  • Original component manufacturer means an organization that designs and/or engineers a part and is entitled to any intellectual property rights to that part.

  • Bearing components means the bearing element, retainer, inner race, or outer race.

  • Removed Components means components of the Project or portions thereof which the Company or any Sponsor Affiliate in its sole discretion, elects to remove from the Project pursuant to Section 4.04 hereof or as a result of any Condemnation Event.

  • Existing Products Tangible Products and intangible licensed Products that exist prior to the commencement of work under the contract. Existing Products must be identified on the Product prior to commencement of work or else will be presumed to be Custom Products.