Type Bound Tooling definition

Type Bound Tooling means all tools, jigs, fixtures, moulds, models and other equipment that is exclusively used in connection with the manufacture or quality control of the Parts, regardless which Party has paid and/or owns the Type bound Tooling as further set out in Section 15.

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Type Bound Tooling means tooling that are specific to certain Contract Products and that are unique to the Buyer.

Type Bound Tooling means all tools, jigs, fixtures, moulds, models and other equipment supplied by Shiloh Industries or specially manufactured or adapted for manufacture or quality control of the Parts.

Examples of Type Bound Tooling in a sentence

• The Buyer will remain the owner of the Type Bound Tooling even if such is located in the Plant.

• Normal tooling maintenance will be commenced by the Supplier and related costs charged as part of the price for the Contract Products, whereas update and replacement of the Type Bound Tooling will be controlled and paid separately by the Buyer.

• Normal tooling maintenance will be commenced by the Supplier and related costs charged as part of the price for the Contract Products, whereas update and replacement of the Unique Type Bound Tooling and Equipment will be controlled and paid separately by the Buyer or Geely Entity.

• For the avoidance of doubt, the aforementioned includes a responsibility for the Supplier to ensure that all facilities, equipment and tooling used in the Plant is properly insured except for when the ownership of the Unique Type Bound Tooling and Equipment and Unique Vendor Tooling used for manufacturing the Vehicle has been transferred to or retained with the Buyer or Component Supplier according to separate Tooling Agreement.

• The Buyer will remain the owner of the Unique Type Bound Tooling and Equipment even if such is located in the Plant.

• Normal tooling maintenance will be commenced by the Plant and related costs charged as part of the price for the Vehicles, whereas update and replacement of the Unique Type Bound Tooling and Equipment will be controlled and paid separately by the Buyer.

• The Supplier undertakes to maintain in its ownership and possession all tooling and equipment for vehicles to be produced in the Plant (e.g. Common Equipment, Common Type Bound Tooling and Equipment, Common Vendor Tooling), except for Unique Type Bound Tooling and Equipment and Unique Vendor Tooling which the Buyer shall remain the owner of.

• List of Unique Type Bound Tooling and Equipment and Unique Vendor Tooling for Polestar 3 Vehicles B.

• Normal tooling maintenance will be commenced by the Supplier and related costs charged as part of the price for the Contract Products, including update and replacement of the Unique Type Bound Tooling and Equipment.

• The Buyer, or Geely Entity, will remain the owner of the Unique Type Bound Tooling and Equipment even if such is located in the Plant.

More Definitions of Type Bound Tooling

Type Bound Tooling means tooling that are specific to certain Spare Parts and that are unique to the Buyer. “Vehicles” means the Polestar branded vehicles with the internal project name [***]. The Parties agree that should Polestar modify the name of its internal project name at any time, being however related to the same vehicle, this Agreement will continue to apply in the same terms. “Volume Projections” means the Buyer’s estimates, forecasts or projections of its future volume or quantity requirements for the Spare Parts, primarily as stated in the schedules to the Individual Terms or in a Call-Off. “Warranty Period”: has the meaning ascribed to it in Section 8.2 below.