Substitute Parts definition

Substitute Parts means all future replacements and/or substitutions to the current design level (or at the time the Parts are added to this Agreement) of the Exclusive Parts, versions as modified by normal engineering changes, part number changes (whether the underlying Part remains identical to the version prior to the part number change or the part number change occurs in connection with other modifications, substitutions or replacements) and design modifications that serve to replace and/or supplement Exclusive Parts and assemblies in the future. Substitute Parts includes new designs in the future that incorporate substantially different manufacturing processes and materials from those then-currently used for or in the Parts, but such Parts are subject to §6.3.4 and may be Non-Exclusive Parts if Sypris is unable to fulfill the requirements of that Section. For avoidance of doubt, in the event a Substitute Part replaces any Exclusive Part provided by Sypris and an alternative part not provided by Sypris (and not subject to this Agreement), then Sypris shall receive the pro rata share of the Requirements for such Substitute Part (comparing the Requirements of the prior Part and the part provided by others), in an effort to mirror the Requirements for such Exclusive Part as if such Part had not been replaced.
Sample 1

Examples of Substitute Parts in a sentence

  • Do Not Substitute Parts Or Modify Equipment Because of the danger of introducing additional hazards, do not install substitute parts or perform an unauthorized modification to the printer or its accessories.

  • DO NOT Substitute Parts Or Modify Instrument Because of the danger of introducing additional hazards, do not substitute parts or perform unauthorized modi cations to the instrument.

  • Retrofitting without hardware does not affect the original warranty of the system.- for Repairs and Substitute Parts, the guarantee shall be valid for 6 months after delivery by NUM.

  • Do Not Substitute Parts or Modify The InstrumentDo not install substitute parts or perform any unauthorized modifications to this instrument.

  • DO NOT Substitute Parts Or Modify InstrumentBecause of the danger of introducing additional hazards, do not substitute parts or performunauthorized modi cations to the instrument.

Related to Substitute Parts

  • Substitute Purchaser is defined in Section 21.

  • Substitute Aircraft Has the meaning specified in the NPA.

  • Substitute Property shall have the meaning set forth in Section 2.6 hereof.

  • Substitute Check means a paper reproduction of an Item that satisfies the requirements and definition of "substitute check" set forth in Regulation CC.

  • Successor manufacturer means a manufacturer that acquires, succeeds to, or assumes any part of the business of another manufacturer as the result of any of the following:

  • Benchmark Replacement Conforming Changes means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of “Base Rate,” the definition of “Business Day,” the definition of “Interest Period,” timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, the applicability and length of lookback periods, the applicability of breakage provisions, and other technical, administrative or operational matters) that the Administrative Agent decides may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the administration of such Benchmark Replacement exists, in such other manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents).

  • Substitute Option means an Option granted in substitution for, or upon the conversion of, an option granted by another entity to purchase equity securities in the granting entity.

  • Substitute means that a State may use a plan or other document that it has developed for its own purposes to meet Federal requirements.

  • Substitute Loan A mortgage loan substituted for a Deleted Loan pursuant to the terms of this Agreement which must, on the date of such substitution, (i) have an outstanding principal balance, after application of all scheduled payments of principal and interest due during or prior to the month of substitution, not in excess of the Scheduled Principal Balance of the Deleted Loan as of the Due Date in the calendar month during which the substitution occurs, (ii) have a Mortgage Interest Rate not less than (and not more than one percentage point in excess of) the Mortgage Interest Rate of the Deleted Loan, (iii) have a remaining term to maturity not greater than (and not more than one year less than) that of the Deleted Loan, (iv) have the same Due Date as the Due Date on the Deleted Loan, (v) have a Loan-to-Value Ratio as of the date of substitution equal to or lower than the Loan-to-Value Ratio of the Deleted Loan as of such date, (vi) have a risk grading at least equal to the risk grading assigned on the Deleted Loan, (vii) is a “qualified mortgage” as defined in the REMIC Provisions and (viii) conform to each representation and warranty set forth in Section 6 of the Mortgage Loan Purchase Agreement applicable to the Deleted Loan. In the event that one or more mortgage loans are substituted for one or more Deleted Loans, the amounts described in clause (i) hereof shall be determined on the basis of aggregate principal balances, the Mortgage Interest Rates described in clause (ii) hereof shall be determined on the basis of weighted average Mortgage Interest Rates, the terms described in clause (iii) hereof shall be determined on the basis of weighted average remaining term to maturity, the Loan-to-Value Ratios described in clause (v) hereof shall be satisfied as to each such Substitute Loan, the risk gradings described in clause (vi) hereof shall be satisfied as to each such Substitute Loan and, except to the extent otherwise provided in this sentence, the representations and warranties described in clauses (vii) and (viii) hereof must be satisfied as to each Substitute Loan or in the aggregate, as the case may be.

  • Substitute Limited Partner means any Person admitted to the Partnership as a Limited Partner pursuant to Section 9.3 hereof.

  • Replacement Candidate means any Candidate Introduced by the Agency to the Client to fill the Engagement following the Introduction of another Candidate whose Engagement either did not commence or was terminated during the first 12 weeks of the Engagement;

  • Replacement Product means electric generating capacity, capacity-related benefits, environmental attributes, Energy or other electric products from a generation resource other than the Facility that are provided or delivered to replace or substitute for Contract Capacity or Storage Capacity (or any Capacity-Related Benefit, Environmental Attribute, Other Electric Product, Contract Energy, or Storage Energy associated therewith), in each case, in whole or in part, pursuant to Section 4.6.

  • Substituted Specimen means a specimen with laboratory values that are so diminished that they are not consistent with oral fluid and which shall be deemed a violation of this policy, and shall be processed as if the test results were positive.

  • Contractor-acquired property means property acquired, fabricated, or otherwise provided by the Contractor for performing a contract, and to which the Government has title.

  • Substitute Basis has the meaning specified in Section 2.9(b).

  • Additional Equipment means equipment that is not factory fitted in the Vehicle, including but not limited to navigation equipment (GPS), baby seat, bicycle rack etcetera;

  • Replacement Equipment means operational equipment or other parts used by Tenant to replace any of the Equipment.

  • Substitution Notice has the meaning specified in Section 2.17 (Substitution of Lenders).