Key Component definition

Key Component means those key components of the Units and Equipment listed in the table in clause 22.2(a);

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Key Component. Level” — A list of certain components included in a Product, which list is to be agreed upon by NetApp and Dot Hill. This list will define those critical sub-assemblies and

Key Component means the car body structure, truck frame and axles, traction motors, couplers and gearboxes.

Examples of Key Component in a sentence

• Since ▇▇▇▇▇ ▇▇▇▇▇▇ was an Independent Third Party when the Sourcing Framework Agreement and the Key Component Sourcing Contract were entered into and the transactions contemplated thereunder were of revenue nature and in the ordinary and usual course of business of the Group, both the Sourcing Framework Agreement and the Key Component Sourcing Contract were not subject to disclosure and other requirements under Chapter 14 and Chapter 14A of the Listing Rules.

• The Sourcing Framework Agreement (2016) and Key Component Sourcing Contract (2016) shall only become effective upon approval by the Independent Shareholders, and would terminate the Sourcing Framework Agreement and Key Component Sourcing Contract respectively when coming into effect.

• The price paid by a customer for a Key Component will include all license fees or royalties paid with respect to the license, purchase, sale or use of the Key Components and VUZIX’ or other parties’ intellectual property included in the Key Component.

• The transactions contemplated under the Sourcing Framework Agreement (2016) and the Key Component Sourcing Contract (2016) therefore constitute continuing connected transactions of the Company.

• Leshi Zhixin and its associates are required to abstain from voting on the ordinary resolutions in respect of the Sourcing Framework Agreement (2016) and the Key Component Sourcing Contract (2016) to be put forward at the EGM.

• An EGM will be convened to seek Independent Shareholders’ approval for the Sourcing Framework Agreement (2016) and the Key Component Sourcing Contract (2016), the transactions contemplated thereunder and the proposed Caps.

• An Independent Board Committee will be established to advise the Independent Shareholders on the terms and the proposed Caps of the Sourcing Framework Agreement (2016) and the Key Component Sourcing Contract (2016).

• The Product shall have backward component traceability from the finished product for components on the Key Component Level list.

• Serial numbers of key components which are included on the list of the Key Component Level must be available from Dot Hill or a Dot Hill DCM, upon written request from NetApp, in order to conduct any potential field recall by NetApp of the Products or for other purposes.

• As a result, the transactions contemplated under the Sourcing Framework Agreement and the Key Component Sourcing Contract constitute continuing connected transactions of the Company pursuant to Chapter 14A of the Listing Rules.

More Definitions of Key Component

Key Component means a component or system that has been designated by the manufac- turer as requiring special fabrication, maintenance, inspection or operation due to its importance to the continued proper and safe operation of the carnival-amusement ride device.

Key Component means an item that forms an integral and indispensable part of a cluster munition;