Virtual Systems definition
Examples of Virtual Systems in a sentence
By signing a Virtual Systems House Agreement (“VSHA”), the form of which is attached as Exhibit 2, Nortel Company and Flextronics Company shall become parties to and be bound by this Agreement with respect to the Products and other matters recited in the Virtual Systems House Agreement.
Flextronics covenants and warrants that all Services and all aspects of the Production Effort performed under this Agreement shall be performed in a competent, professional and timely manner in accordance with the standards generally accepted in the telecommunications industry and in accordance with the applicable Specifications and the terms of this Agreement and the applicable Virtual Systems House Agreement.
Flextronics shall have dedicated business management and engineering teams assigned to Nortel Networks, with some team members to be physically located at Nortel Networks as specified in the Virtual Systems House Agreement.
If the change in the Market Forecast exceeds the flexibility requirement for the Products as specified in the relevant Virtual Systems House Agreement, the Parties shall employ the Exception Demand Negotiation Process specified in Exhibit 7 to address responsiveness to customer, pricing and delivery issues.
Flextronics acknowledges that any Market Forecasts or estimates, whether set forth in a Virtual Systems House Agreement or otherwise, may include quantities forecasted as possibly to be ordered by Nortel Networks Vendors.
During the Amended Term, Nortel Networks shall purchase from Flextronics and Flextronics shall supply the Allocation of the requirements of the Virtual Systems Houses for the Products listed in the relevant Virtual Systems House Agreement as of the applicable VSHA Effective Date..
For each Conventional Purchase Order or Demand Pull Order issued under a Blanket Purchase Order, Flextronics shall comply with response times and flexibility provisions specified in the Virtual Systems House Agreement.
Nortel Networks covenants and warrants that (a) it will perform its obligations under this Agreement in a competent, professional and timely manner in accordance with the standards generally accepted in the telecommunications industry and the terms of this Agreement and the applicable Virtual Systems House Agreement.
Payment shall be made in U.S. dollars, unless otherwise agreed upon in the appropriate Virtual Systems House Agreement or otherwise between the Parties.
Such Site operations reviews are intended to consider Site level issues relating to the Production Effort and Services, as referenced in the applicable Virtual Systems House Agreement.