JOEM definition

JOEM means an original equipment motor vehicle manufacturer which has the head office of its ultimate parent company in Japan, or which originally had the head office of its ultimate parent in Japan, but control of such manufacturer has since passed to another company; provided, that if the head office of the ultimate parent company of an original equipment motor vehicle manufacturer is not located in Japan as of the date hereof, the acquisition of such manufacturer by an original equipment motor vehicle manufacturer which has the head office of its ultimate parent company in Japan shall not cause such manufacturer to be a JOEM; provided further, that any original equipment manufacturer that is a JOEM as of the Effective Date shall continue to be a JOEM if such manufacturer is sold to a company that does not have its head office in Japan. For the avoidance of doubt, the term JOEM is intended to include such companies as: (i) Toyota Motor Corporation; (ii) Honda Motor Co., Ltd.; (iii) Nissan Motor Co., Ltd.; (iv) Mazda Motor Corporation; (v) Mitsubishi Motors Corporation; (vi) Suzuki Motor Corporation; (vii) Isuzu Motors Ltd.; (viii)
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Examples of JOEM in a sentence

  • The JOEM Supply Agreements shall provide that Goodyear and SRI will enter into original equipment supply agreements until the end of model life for homologated pass-thru products and during the term of such JOEM Supply Agreements, if specifically requested by a JOEM, Goodyear and SRI will enter into global platform agreements to support a requested global quote package for Dunlop and/or Goodyear branded products for a vehicle platform to be assembled in Europe, Japan, and the United States.

  • Goodyear and SRI shall negotiate the terms and conditions of the JOEM Supply Agreements as soon as practicable after the date hereof (but in any case prior to the Closing Date).

  • Other export channels may be used, where the total combined sales of NEWCO through domestic, J-OEM and DOW export channels are insufficient to ensure reasonable plant capacity utilization, or where exceptionally required for NEWCO to capture an additional, specific business opportunity.

  • DOW shall provide the distribution services to NEWCO hereunder at a competitive margin as specified in the agreement NEWCO shall elect to use DOW export channels for sales to J-OEM in Asia, where such DOW channels are capable of benefiting NEWCO through satisfactory customer services and cost efficiency.

  • The definition of J-OEM and DOW’s role as the “major” distributor shall be clarified in the export sales agreement.

Related to JOEM

  • Tabarru ” means donation for the purpose of solidarity and cooperation among the Takaful Participants and to be used to help all Takaful Participants in times of misfortune. In the context of the Company, Tabarru’ will be allocated into the Participants’ Risk Fund.

  • MOHLTC means the Minister or the Ministry of Health and Long-Term Care, as the context requires;

  • Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;

  • hostel means a place of residence for the students of the University, or its colleges, institutions and study centers, established or recognized to be as such by the University;

  • AASHTO means the American Association of State Highway and Transportation Officials.