Incremental Cost Reduction definition

Incremental Cost Reduction or “ICR” means the list of cost reduction programs set forth in Exhibit 17-2 and the Phased Close Side Letter dated as of June 29, 2004 (“Phased Close Side Letter”).
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Incremental Cost Reduction or “ICR” means the list of cost reduction programs set forth in Exhibit 7. In addition, the Parties agree that any ICRs achieved by Flextronics consistent with the terms of Exhibit 7, during the time period between the Execution Date and the Commencement Date shall be credited towards Flextronics’ ICR Commitment.
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Incremental Cost Reduction or “ICR” means cost reduction that Nortel Networks would not have been able to achieve, through its own efforts and/or its existing supply chain, if it had retained the Operations. For greater certainty, (i) a list of the programs which may be used by Flextronics to achieve ICR is set out in Schedule “D” to Exhibit “3” (“ICR Programs”); and (ii) ICR cannot be used to fulfill OCR Commitments in any Year. The ICR Programs generally relate to reductions in the freight rates. [•]. Flextronics shall track and report the achievement of the ICR Commitment. The ICR Commitment in each of Year 2 and Year 3 will be measured by comparing the Price for the Services in Exhibit “1-A” for the respective Year to the Calculated Nortel Networks Cost to provide the same Services in that Year. For purposes of this clause, the “Calculated Nortel Networks Cost” is calculated by applying the rates that Nortel Networks has in place with its current suppliers as of the Effective Date, minus all of OCR associated with those rates that has been achieved up to the start of the relevant Year, to each shipment made in the same Year, using the same mode and service level used by Flextronics for those same shipments. All temporary industry surcharges shall be netted out of the costs.
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Examples of Incremental Cost Reduction in a sentence

  • Incremental Cost Reduction (ICR) will be reflected in the Product price using the Cost Plus, MPLP or PLP Process, as applicable, and not recovered as a lump sum payment (except in the case of a true-up).

  • If Nortel Networks fails to provide such approval within such time period, Flextronics will be relieved of its obligation to provide Incremental Cost Reduction (as defined in Section 10.4.1 below) related to such move for the period of default.

  • If Nortel Networks fails to provide such approval Master Repair Services Agreement within such time period, Flextronics will be relieved of its obligation to provide Incremental Cost Reduction (as defined in Section 10.4.1 below) related to such move for the period of default.

Related to Incremental Cost Reduction

  • Incremental cost means all costs that could be avoided in the medium term if a Segment was removed from the Network;

  • Incremental Costs means all reasonable additional costs properly and reasonably incurred by Network Rail in respect of any modification referred to in paragraph 2.8, being the additional reasonable costs (if any) to Network Rail in respect of its obligation to maintain and operate the Network, but excluding:

  • Insurance Cost Increase shall not, however, include any premium increases resulting from the nature of the occupancy of any other lessee of the Building. If the parties insert a dollar amount in Paragraph 1.9, such amount shall be considered the "BASE PREMIUM." If a dollar amount has not been inserted in Paragraph 1.9 and if the Building has been previously occupied during the twelve (12) month period immediately preceding the Commencement Date, the "Base Premium" shall be the annual premium applicable to such twelve (12) month period. If the Building was not fully occupied during such twelve (12) month period, the "Base Premium" shall be the lowest annual premium reasonably obtainable for the Required Insurance as of the Commencement Date, assuming the most nominal use possible of the Building. In no event, however, shall Lessee be responsible for any portion of the premium cost attributable to liability insurance coverage in excess of $1,000,000 procured under Paragraph 8.2(b).

  • Incremental Increase has the meaning specified in Section 2.16(a).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • Incremental Cap has the meaning assigned to such term in Section 2.21(a).

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Fixed Incremental Amount means (i) the greater of $920,000,000 and 100% of Consolidated EBITDA as of the last day of the most recently ended Test Period minus (ii) the aggregate outstanding principal amount of all Incremental Facilities, Incremental Equivalent Debt and/or Indebtedness incurred pursuant to Section 7.03(r)(ii)(A), in each case incurred or issued in reliance on this definition.

  • Incremental Commitment means an Incremental Term Loan Commitment or an Incremental Revolving Facility Commitment.

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Incremental Commitments has the meaning set forth in Section 2.14(a).

  • Increase Amount is defined in Section 2.3(a).

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.

  • Increment means twelve (12) months of service credit which are purchased. The

  • Incremental Income Taxes is defined in Section 6.9.

  • Incremental Term Lenders (a) on any Increased Facility Activation Date relating to Incremental Term Loans, the Lenders signatory to the relevant Increased Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Term Loan.

  • Incremental Facility has the meaning specified in Section 2.16(a).