Ordered Materials definition

Ordered Materials shall have the meaning set forth in Section 2.2(f).
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Ordered Materials means those wafers or portions of wafers, turn key items, tester accessories and other items set forth on Schedule 1.40 (as updated as of the Closing pursuant to Section 6.18 hereof) which are ordered by Seller, but not delivered, as of the Closing Date. A true and complete list of the Ordered Materials as of the date hereof is set forth on Schedule 1.40.
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Examples of Ordered Materials in a sentence

  • The Parties agree that the purchase price for the Existing Ordered Materials shall be the value of such Material plus [*]% (“Veraz Existing Material Price”).

  • FLEXTRONICS shall pay for the Existing Ordered Materials as per the actual consumption that will be calculated and agreed by the parties each quarter via consumption report that will be sent to Veraz by FLEXTRONICS, Veraz will issue an invoice each quarter cover the relevant portion of the quarterly consumption.

  • Veraz will promptly upon receipt of such purchase order ship all Existing Ordered Materials in its possession to FLEXTRONICS and direct any third party supplier of Existing Ordered Materials to deliver the same to FLEXTRONICS.

  • If during the term of this Agreement there will be any Materials in Veraz’s inventory, FLEXTRONICS will give priority to purchasing said inventory and the same terms and conditions that will apply to Veraz Existing Ordered Materials as set forth in this section shall apply to such kind of Materials at Veraz’s inventory.