Supplier Release definition
Examples of Supplier Release in a sentence
Notwithstanding anything to the contrary herein, the Manufacturing Start Date and the outside date for Supplier Release are firm.
Buyer will make no payment for finished work, work in process, or raw material fabricated or procured by Seller unnecessarily in advance or in excess of Buyer’s delivery requirements as authorized by Buyer’s Supplier Release.
Notwithstanding anything to the contrary in this Agreement, provided that Customer’s delay is not caused by Supplier, Supplier shall have no liability to Customer for such delay, and the amount of the Second Payment shall not be reduced, in the event that such a delay on Customer’s part causes a corresponding delay in Supplier Release.
Supplier shall have Manufacturer conduct all such Supplier Release Testing in accordance with the procedures and using the analytical testing methodologies set forth in the Specifications and the Quality Agreement.
Seller shall be paid a reasonable termination charge consisting at maximum of a percentage of the order price reflecting the percentage of the work performed prior to the notice of termination plus actual direct costs resulting from termination, but in no event shall such termination charge exceed the amounts payable under any pending Supplier Release.
This Agreement is entered into as of the Effective Date and shall remain in effect until the date that is thirty (30) days after Supplier Release (the “Term”) unless terminated earlier as provided herein.
A Supplier Release or a Sprint Customized Release will be defined as either a Major release or a Minor release.
Suppliers shall refer to the MLNA/MLMX´s Purchase Order or Supplier Release Authorization for the correct shipping address.