Excess materials definition

Excess materials means any materials which have a remaining useful life but which are no longer required by the using school district in possession of the materials.

Excess materials means Raw Materials on hand and ordered consistent with AMO's forecast at the agreed upon lead times and for which the forecasted use is in excess of twelve (12) months. This would be a result of cancellations, reschedules or other changes caused by AMO.

Excess materials. Unique Materials on hand and ordered consistent with Buyer's forecast at agreed-upon leadtimes and for which the forecasted use is in excess of thirteen (13) weeks resulting from Buyer's cancellations, reschedules or other delays or changes caused by Buyer.

Examples of Excess materials in a sentence

• Seller will use reasonable commercial efforts to sell Excess Materials.

• With respect to any Excess Materials on hand, Seller will notify Buyer of the amount and the cost of such Excess Materials in a consolidated, monthly report.

• Buyer shall either (i) pay carrying costs for Excess Materials at a rate of [*] per month as it ages greater than [*] after receipt of such monthly notice by Buyer; or (ii) buy all Excess Materials at Seller's cost (purchase price paid by Seller) to be held in bonded stock for consumption based upon a forecasted demand within the next [*].

• Buyer shall either (i) pay carrying costs for Excess Materials at a rate of [*] per month as it ages greater than [*] after receipt of such monthly notice by Buyer; or (ii) buy all Excess Materials at [*] to be held in bonded stock for consumption based upon a forecasted demand within the next [*].

• Company shall be responsible for any Excess Materials and Obsolete Material resulting from cancellations or reschedules pursuant to this Section, which shall be addressed in accordance with Section 9.4 below.

More Definitions of Excess materials

Excess materials shall have the meaning set forth in Section 6.1.

Excess materials. Unique Materials on hand and ordered consistent with Buyer's forecast at agreed-upon leadtimes and for which the forecasted use is in excess of [*] [*] resulting from Buyer's cancellations, reschedules or other delays or changes caused by Buyer.

Excess materials means parts, components and other materials listed in the Master Bill of Material which as of a particular date are not anticipated to be consumed within 90 days thereafter, based on Purchase Orders or Forecasts in effect as of such particular date.

Excess materials means Materials on hand in excess of six (6) weeks' forecasted demand resulting from Emulex's cancellations, reschedules, or other delays or changes.

Excess materials means any Materials that are in Flextronics’ inventory and that were ordered, acquired, or produced in support of an applicable Materials Commitment using efficient inventory purchasing practices and for which there is [*] calendar days based on the current [*] from Customer.

Excess materials mean those excess components, purchased by MTI in response to DMC Stratex's Forecast, which cannot be incorporated into the Products because of DMC Stratex's terminations, rescheduling or other delays caused by DMC Stratex, and which cannot be returned to the supplier for a refund. MTI will notify DMC Stratex of the amount and dollar liability of any Excess Materials in a consolidated monthly report. The parties will jointly review the status of Excess Materials on a quarterly basis, and will decide what action to take with respect to such Excess Materials semiannually. Reimbursement or compensation to MTI by DMC Stratex for the value of such Excess Materials shall be made on a semi-annual basis, no later than thirty (30) calendar days after DMC Stratex's receipt of MTI's monthly reports (reconciled to the parties' joint quarterly review) of such Excess Materials for the preceding six months. MTI will mitigate the cost of such Excess Materials by working with its suppliers to obtain the lowest possible liability.

Excess materials means any Materials that are in [*].