Obsolete Components definition
Obsolete Components means Components or Materials on-hand or on order at EI made obsolete by Change Orders, or deletion from the AVL.
Obsolete Components means Components in Solectron’s inventory that were purchased within agreed to material order Lead Times and in quantities to support Zhone’s demand forecast, which are non-cancelable and/or non- returnable and for which the latest demand forecast does not show consumption in any Product within the next one-hundred eighty (180) days.
Obsolete Components means: the quantity of Components that SANMINA has on hand, which have been ordered, manufactured, or acquired based on CUSTOMER’S then-current Forecast or Order, but which SANMINA no longer requires as a result of (i) CUSTOMER’S announcement or notification that the Product into which such Component is incorporated has reached its end of life, (ii) a change in the specification the Product into which the Component is incorporated as a result of an Engineering Change Notice or otherwise; or (iii) Section E (vii) below.
Examples of Obsolete Components in a sentence
Within five (5) business days after receiving Insulet’s first Forecast or Purchase Order of the first month following the end of each calendar quarter (but no later than the fifteenth business day following the end of each of Supplier’s calendar quarters), Supplier shall advise Insulet in writing of any Obsolete Components and their Delivered Cost (the “Obsolete List”).
The Obsolete List shall include all former Excess Components which have been deemed Obsolete Components.
Notwithstanding the foregoing, Supplier’s failure to timely provide the Obsolete List to Insulet shall not affect Insulet’s obligations for Obsolete Components hereunder but the Insulet response period shall not commence until after receipt of the Supplier Obsolete List.
Excess Components shall be kept in the Component Offset Inventory Reserve Account, for a maximum period of six (6) months at which time such Excess Components will be deemed to be Obsolete Components.
More Definitions of Obsolete Components
Obsolete Components means: the quantity of Components that SANMINA has on hand, which have been ordered, manufactured, or acquired (in accordance with the requirements of this Section 4) based on CUSTOMER’s then-current Forecast or Order, but which SANMINA no longer requires as a result of (i) CUSTOMER’s announcement or notification that the Product into which such Component is incorporated has reached its end of life (“EOL”), (ii) a change in the specification the Product into which the Component is incorporated as a result of an Engineering Change Notice or otherwise; or (iii) Section 4.2(e)(vii) below.
Obsolete Components means the individual Authorized Purchase Component inventory for which there is no demand based upon Hyperfine’s Orders and/or Forecast (whether as a result of an ECO or any other reason whatsoever), even though Hyperfine considers the Products that incorporate such Components as “active” Products because such Products remain on Hyperfine’s Product list or price list made available to Hyperfine’s end users.
Obsolete Components means: the quantity of Components that Supplier has on hand, which have been ordered, manufactured, or acquired (in accordance with the requirements of this Section) based on Insulet’s then-current Forecast or Purchase Order, but which Supplier no longer requires as a result of (i) Insulet’s announcement or notification that the Product into which such Component is incorporated has reached its end of life or (ii) a change in the Specification (as defined in Section 3.a.) the Product into which the Component is incorporated as a result of a notice of an Engineering Change or otherwise, and which Supplier cannot immediately and reasonably divert to other customers or uses, restock to the vendor, or sell at no loss. Insulet Corporation - Sanmina Corporation Amended and Restated Materials Supplier Agreement
Obsolete Components means the individual Authorized Purchase Component inventory for which there is no demand based upon Butterfly’s Orders and/or Forecast (whether as a result of an ECO or any other reason whatsoever), even though Butterfly considers the Products that incorporate such Components as “active” Products because such Products remain on Butterfly’s Product list or price list made available to Butterfly’s end users. [***] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED BECAUSE THE INFORMATION (I) IS NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.
Obsolete Components means: the quantity of Components that SANMINA has on hand, which have been ordered, manufactured, or acquired based on CUSTOMER’s then-current Forecast or Order, but which SANMINA no longer requires as a result of (i) CUSTOMER’s announcement or notification that the Product into which such Component is incorporated has reached its end of life, (ii) a change in the specification the Product into which the Component is incorporated as a result of an Engineering Change Notice or otherwise; or (iii) Section E (vii) below.
Obsolete Components means Components that will be discarded or unused due to such Engineering Change Order (as defined in Section 2.3) provided that such Component was not purchased by Synnex outside of the Total Lead Time necessary to meet the Forecasts and Buffer Stock requirements.
Obsolete Components means all material used in Buyer's product for which there is no current or future demand.