LLI definition

LLI means Long Lead Item materials required in order to complete manufacture and supply of Products. For the avoidance of doubt Customer shall have no additional liability with respect to the holding of LLI other than the liability provided herein below. The usage of LLI by Contractor for the manufacture of Items shall be by a written order by Customer in accordance with this Agreement, stipulating the quantity Customer wishes Contractor to use. If Contractor holds LLIs based on any written requirement for more than three (3) months, Customer shall be required to purchase such LLIs at their direct costs plus a handling fee of 2% of Product price. The purchase terms of such LLI’s, set forth in Section 8.2 hereof.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

LLI means Long Lead Item materials required in order to complete manufacture and supply of Products. For the avoidance of doubt Customer shall have no additional liability with respect to the holding of LLI other than the liability provided herein below. The usage of LLI by Contractor for the manufacture of Products shall be by a written order by Customer in accordance with this Agreement, stipulating the quantity Customer wishes Contractor to use. If Contractor holds LLIs based on any written requirement for more than six (6) months after the last shipment of any Product to Customer, Customer shall be required to purchase such LLIs at 125% of part cost (in case no work done). The purchase terms of such LLI’s, are similar to those set forth in Section 8.2 hereof.

LLI means the items to be procured in advance for the manufacture of Phase 3 Spacecraft as set forth in Article 26.

Examples of LLI in a sentence

• Contractor shall maintain in inventory certain quantities of LLI.

• Upon receipt of LLI items and/or any part thereof in the Supplier's Warehouse, the Customer shall pay the Supplier the price of such items (as appearing in the BOM).

• Appendix 2: LLI (Long Lead Items) components; MOQ (Minimum of Quantity) items; AVL (Approved Vendors List); Security Inventory.

• D) The Bridgeport-▇▇▇▇▇▇▇▇▇ Community School District will provide its staff a planned program of Tier III interventions for students, specifically in Leveled Literacy Intervention (LLI) and READ 180, or other appropriate resources, as necessary.

• Funding for the Joint Venture thereafter shall be provided by the Company, although LLI shall have primary responsibility for funding and will use its commercial best efforts to have the Company adequately funded to meet its objectives.

• LLI shall be responsible for raising the initial funding of the Company in the amount of approximately $650,000.00, of which $91,000.00 has been committed for the Laser Cost Study and the Refurbished ALX laser.

• The Company and LLI hereby ▇▇▇▇▇ ▇▇▇ the exclusive right to manufacture all of their requirements (and the requirements for any of their Affiliates) for dental laser systems and dental laser process technology for the dental markets.

• The Shareholders agree to engage a third party regulatory consultant (with costs to be financed by the Company, with assistance as necessary from LLI) to provide advice and assistance on the regulatory compliance of any dental laser systems and dental laser process technology developed or manufactured under the Joint Venture.

• LLI hereby grants the Company a royalty-free, exclusive, worldwide license to make, use, market, sell and distribute the LLI IP, limited specifically to applications relating to the human and animal dental markets in connection with the Joint Venture.

• In addition, students in grades K–2 who require Tier 3 support receive intensive intervention thirty minutes per day through the Leveled Literacy Intervention System (LLI).

More Definitions of LLI

LLI means long lead items.

LLI means Long Lead Item materials required in order to complete manufacture and supply of Products. The usage of LLI by Contractor for the manufacture of Items shall be by a written order by Customer in accordance with this Agreement, stipulating the quantity Customer wishes Contractor to use. If Contractor holds LLIs based on any written requirement for more than three (3) months, Customer shall be required to purchase such LLIs at their direct costs plus a handling fee of 2% of Product price. The purchase terms of such LLI’s, set forth in Section 8.2 hereof.