Obsolete Parts definition

Obsolete Parts has the meaning specified for such term in Section 8(c) of the Lease.

Obsolete Parts has the meaning specified for such term in Section 7.03(c) of the Indenture.

Obsolete Parts has the meaning given such term in Section 3.4(d) of the Mortgage.

Examples of Obsolete Parts in a sentence

• Increasing Risk on Obsolete Parts: customers are suffering the risk of manufacturing discontinuity attributed to parts supply obsoleting.

• In addition, the value (but not the utility, condition or airworthiness) of the Airframe or any Engine may be reduced by the value, if any, of Obsolete Parts which shall have been removed.

• Obsolete Parts – For the purpose of this document, obsolescence shall be defined as parts, components, or equipment that are no longer available from an industry parts supplier, or are replaceable only by re- fabrication.

• The results of these recommendations shall be reported at PMRs. 3.7.7.3.2 Obsolete Parts Program To properly advise the Government of the status of parts used in the production systems, the Contractor shall implement an obsolete parts program.

• Obsolete Parts Obsolete and surplus parts problems can be corrected through proper inventory control and by establishing and maintaining a dialogue with suppliers.

More Definitions of Obsolete Parts

Obsolete Parts means factory parts which are not listed in the most current manufacturer's wholesale price book or, if listed therein, are valued at ZERO DOLLARS ($0), parts which are not returnable to the manufacturer (as defined by the Franchiser), parts which have been in stock of Seller more than one (1) year and/or parts which are in excess of a one (1) year supply, or parts indicated as discontinued, and broken or damaged parts, regardless of whether listed in the most current manufacturer's wholesale price book.

Obsolete Parts shall have the meaning given in Section 2.02(c) of this Mortgage.

Obsolete Parts is defined in Section D of Annex C to the Lease.

Obsolete Parts means Parts that Lessee has determined in its reasonable judgment to be no longer suitable or appropriate for use on the Airframe or such Engine.

Obsolete Parts has the meaning set forth in section 3.3(j) of the Security Agreement.

Obsolete Parts has the meaning set forth in Section 3.4(c) of the Security Agreement.

Obsolete Parts has the meaning set forth in Section 8.4 hereof.