Continued Stocking of Parts Sample Clauses

The Continued Stocking of Parts clause requires a supplier or manufacturer to maintain an inventory of specific parts for a defined period, even after the main product is discontinued or the contract ends. Typically, this means the supplier must keep spare or replacement parts available for purchase by the customer, often for several years, to support ongoing maintenance and repairs. This clause ensures that customers can continue to service and use their products without disruption, addressing the risk of obsolescence and supporting long-term product reliability.
Continued Stocking of Parts. At the end of the TCS Operations and Maintenance Term, the Spare Parts Inventory shall be fully stocked and complete (including substitution with suitable alternatives for any such Spare Parts that are obsolete). In the event that such inventory is not fully stocked and complete, an amount equal to the cost of restocking and completing such inventory (other than the cost of Major Spare Parts that is to be passed through to the Joint Board), shall be deducted from any payments due TSP. The Joint Board shall notify the TSP promptly of any such deduction. To the extent that the cost of restocking and completing such inventory incurred by the Joint Board exceeds the payments due TSP, such differential shall be paid by the TSP to the Joint Board within 15 Days after the date of termination of the TCS Operations and Maintenance Term.
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Continued Stocking of Parts. At the end of the TCS Operations and Maintenance Term, the Spare Parts Inventory shall be fully stocked and complete (including substitution with suitable alternatives for any such Spare Parts that are obsolete). In the event that such inventory is not fully stocked and complete, an amount equal to the cost of restocking and completing such inventory (other than the cost of Major Spare Parts that is to be passed through to the Joint Board), shall be deducted from any payments due TSP. The Joint Board shall notify the TSP promptly of any such deduction. To the extent that the cost of restocking and completing such inventory incurred by the Joint Board exceeds the payments due TSP, such differential shall be paid by the TSP to the Joint Board within 15 Days after the date of termination of the TCS Operations and Maintenance Term. Indiana Finance Authority/Joint Board 18. Toll Services Agreement LSIORB Toll Services Project Execution Version The Joint Board shall coordinate with TSP and notify TSP of planned inspections, maintenance, and repairs within a Toll Zone requiring any significant management or diversion of traffic. The Joint Board shall notify TSP at least 30 days in advance of any scheduled repaving or other major scheduled maintenance or repair work, in such area, and at least 10 days in advance of any less extensive scheduled inspection, maintenance or repair work in such area.
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Continued Stocking of Parts. At the end of the Maintenance Term for each Project Segment, the spare parts, equipment, expendables and consumables inventory shall be fully stocked and complete (including substitution with suitable alternatives for any such spare parts, equipment and expendables that are obsolete) to the extent required by the Contract Documents, or as may be modified. In the event that such inventory is not fully stocked and complete, an amount equal to the cost of restocking and completing such inventory shall be deducted from any payments, if any, due Integrator and/or from any letter of credit then held by TxDOT. To the extent that the cost of restocking and completing such inventory incurred by TxDOT exceeds the payments due Integrator, such differential shall be paid by the Integrator to TxDOT within 15 Days after the date of termination of the Maintenance Term.
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Related to Continued Stocking of Parts

  • Continuation of Service If the Recipient is an air carrier, until March 1, 2022, the Recipient shall comply with any applicable requirement issued by the Secretary of Transportation under section 4114(b) of the CARES Act to maintain scheduled air transportation service to any point served by the Recipient before March 1, 2020.

  • Continuation of Services The Contractor shall work with the current Subcontractor prior to cancellation date to ensure all consumer needs are identified and appropriate placements and transportation needs, as applicable, have been arranged. The Subcontractor shall maintain communication with the Contractor on the process of transferring consumers until all consumers are placed.

  • Vesting of Options The Option shall vest (become exercisable) in accordance with the vesting schedule shown on page 1 of this Award Agreement. Notwithstanding the vesting schedule on page 1, the Option will also vest and become exercisable: (a) Upon your death or Disability during your Continuous Status as a Participant; or (b) Upon a Change in Control.

  • Vesting of Option The Option shall be 100% vested upon the date of grant.

  • Continued Service The Indemnitee shall continue to serve at the will of the Company as a Director of the Company so long as he is duly elected and qualified in accordance with the Regulations or until he resigns in writing in accordance with applicable law.