KD Parts definition
KD Parts means the parts, components and materials in such knock-down or other form as separately prescribed by the Licensor, wlTtch shall be supplied by it directly or indirectly to the Licensee for the manufacture of the Licensed Vehicles, the Outgoing Licensed Parts or the Local Parts under the terms and conditions separately agreed upon between the parties concerned.
KD Parts means parts and components supplied by Geely to RK for the production of the Target Vehicle as set out in [***] Framework Agreement (for the sake of clarify, Localized Parts are not considered as KD Parts) in [***] plant. “Know-How” means confidential and proprietary industrial, technical and commercial information and techniques in any form including (without limitation) drawings, formulae, test results, reports, project reports and testing procedures, instruction and training manuals, tables of operating conditions, specifications, component lists, market forecasts, lists and particulars of customers and suppliers. “Listed Person” means (I) any individual, company, entity or organization designated on: (a) the Consolidated List of Persons, Groups, and Entities Subject to EU Financial Sanctions, (b) the following US lists: (i) the List of Specially Designated Nationals and Blocked Persons maintained by the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), (ii) the Sectoral Sanctions Identifications List maintained by OFAC, (iii) the Entity List, Denied Persons List, the List of Statutorily Debarred Parties, the Terrorist Exclusion List and Unverified List maintained by the US Department of Commerce’s Bureau of Industry and Security (“BIS”), (c) the UK’s Consolidated List of Financial Sanctions Targets – Asset Freeze Targets, and the List of Persons Subject to the Restrictive Measures in View of Russia’s Agreement No.: GEE24-043 Page 7 / 43 Internal Information - Polestar Actions Destabilising the Situation in Ukraine, maintained by His Majesty’s Treasury, (d) the UN Security Council Consolidated List, or (e) any other equivalent list that would be applicable to any of the Parties and relevant for Supplier’s performance under this Agreement, (II) companies, entities or organizations that are owned 50% or greater or controlled by any combination of persons stated in (I) (a), (b)(i)-(ii), (c) as applicable under laws and regulations pursuant to which the above lists are published.
KD Parts means parts and components which will not be localized but will be carry-over from the [***] Vehicle and supplied by Geely to RKM for the production of the Target Vehicle (for the sake of clarify, Localized Parts are not considered as KD Parts). “Know-How” shall mean all confidential and proprietary industrial, technical and commercial information and whether in tangible or intangible form comprising but not limited to processes, methodologies, trade or industrial secrets, techniques, tables of operating conditions, specifications, component and feature lists. “Life Cycle” means the period from the SOP Dates to the end of production dates of the Target Vehicles as agreed by the Parties. “Localized Parts” means parts and components which will be localized and sourced from Korean suppliers, with production in Korea, for the production of the Target Vehicles in the Plant and as specified in Schedule 6 (The List of Localized Parts). “Notice” has the meaning set forth in Section 19.6.1. 32 “Parties” has the meaning set forth in the Preamble. “Personal Data” means any information relating to the Data Subject. “Plant” has the meaning as set forth in Section 3.4.2a). “Processing” means any operation or set of operations which is performed on Personal Data or on sets of Personal Data, whether or not by automated means, such as collection, recording, organization, structuring, storage, adaptation or alteration, retrieval, consultation, use, disclosure by transmission, dissemination or otherwise making available, alignment or combination, restriction, erasure or destruction. “PRC” means the People’s Republic of China (only for the purpose of this Agreement, excluding Hong Kong, Macau and Taiwan). “Project” has the meaning set forth in Section 3.1.1. “Project RASIC” means the agreed split of responsibilities between the Parties the management of the Project and relevant Life Cycle of the Target Vehicles, in accordance with the RASIC attached as Schedule 2. “Project Reference Volume” has the meaning set forth in Section 3.3.1. “[***]KR PPGM” means Polestar Program Governance Meeting as further described in Section 9.2. “[***] Vehicle” has the meaning set forth in the Recitals. “[***] Vehicle Base Project” has the meaning set forth in the Recitals. “Receiving Party” means the Party (and/or its Affiliates or representatives) who receives the Confidential Information from the Disclosing Party. “SOP” means the dates of start of production of the Target Vehicle. “SOP Dates”...
Examples of KD Parts in a sentence
Geely is responsible for KD Parts procurement and RKM shall lead the sourcing for Localized Parts with Geely’s support.
The KD Parts Supply Agreement to be entered into between RKM and Geely should be subject to Polestar´s approval and such approval should not be unreasonably withheld.
Only for the purpose of this Section 6.1, the capitalized terms used in the table below shall have the meaning set forth in this Section 6.1. [***] 6.2 [***]Pricing of KD Parts The KD Parts pricing will be agreed between the Parties.