Obsolete Materials definition

Obsolete Materials shall have the meaning set forth in Paragraph 6.4.2.

Obsolete Materials. Unique Materials on hand and ordered consistent with Buyer's forecast at agreed-upon leadtimes which can no longer be used for their designated Product and/or for which there is no forecast for the following [*].

Obsolete Materials mean materials and components in Jabil inventory that: (a) no longer appear on a Company xxxx of materials (BOM), or (b) no longer has demand but appears on a Company BOM of a Product on a Build Schedule or Build Schedule Forecast, or (c) Jabil purchased or is on order by Jabil based on a Build Schedule Forecast, Build Schedule, or other written instruction by Company to Jabil.

Examples of Obsolete Materials in a sentence

• Upon completion of the material disposition activities (Article 10.3) and claims process (Article 10.4), Sun will: (a) purchase the Obsolete Materials at a price mutually agreed to by the parties and in no case greater than Supplier’s direct cost; and (b) pay Supplier’s direct cost actually incurred for work in progress, Obsolete Materials in their current state.

• Supplier will perform a physical inventory within five (5) days of completion of items Articles 10.3 (a)—(g) and may thereafter submit an Obsolete Materials Report as a Claim under Article 10.4.

• Supplier will submit all claims for Obsolete Materials (“Claim”) by submitting an Obsolete Materials Report in accordance with Sun’s claims process found at xxxx://xxx.xxx.xxx/aboutsun/coinfo/supplier/production/claims which is hereby incorporated by reference into this contract.

• Supplier will notify Sun of the part number, quantity and the cost of Obsolete Materials in a consolidated report (“Obsolete Materials Report”).

• Sun’s only payment obligation with respect to SUTCs that are subject to an Intervening Event will be for Obsolete Materials as set forth in Article 10.2. For the avoidance of doubt, Supplier will be responsible for all costs of disposing of all other materials (i.e., all non-SUTC materials) that have been subject to a reduction in demand against the Forecast at no cost to Sun.

More Definitions of Obsolete Materials

Obsolete Materials mean any Materials ordered at the request of GS that will become obsolete as a result of (i) the expiration or termination of the GSK Supply Agreement or (ii) changes in Final Product Specifications and/or the changes in labeling and packaging.

Obsolete Materials means SUTCs (defined below) which: (a) are in Supplier’s inventory and ordered consistent with Sun’s Forecast and agreed-upon SUTC Lead-times; (b) are subject to an Intervening Event and exceed the quantity necessary to manufacture Sun’s remaining forecasted volume of the Product; and (c) Supplier has itemized on an Obsolete Materials Report.

Obsolete Materials means parts, components and other materials listed in the Master Bill of Material which as of a particular date have zero demand and/or are anticipated to have zero demand within 90 days thereafter, based on the current Forecast in effect as of such particular date, and which are not associated with Products currently manufactured by SMTC.

Obsolete Materials means Materials on hand and/or on order that can no longer be used in the Product.

Obsolete Materials means Device Proprietary Components, Semi-Manufactures or Basic Materials that are held in Stock by Aerogen and which for technical, commercial or other reasons can no longer be accepted and used or have been obsoleted by Aerogen or a sub-supplier.

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

Obsolete Materials mean those unique materials that MTI ordered in response to DMC Stratex's Purchase Orders or Forecast, which MTI has on hand, but which can no longer be used by MTI pursuant to this Agreement. On a monthly basis, MTI will send (under separate cover from the Excess Materials report) a report, which identifies MTI's purchase cost for such Obsolete Materials. The parties shall jointly review and discuss the appropriate reimbursement or compensation to MTI for such Obsolete Materials on a quarterly basis. Reimbursement or compensation to MTI by DMC Stratex for the value of such Obsolete Materials shall be made on a semi-annual basis, no later than thirty (30) calendar days after DMC Stratex's receipt of MTI's