Common use of OCR Threshold Commitment Clause in Contracts

OCR Threshold Commitment. In the event that Flextronics considers that, due to any unforeseen event or condition beyond Flextronics’ control that the OCR commitment will be missed by a threshold of [•] or greater. Flextronics will present to Nortel Networks quantifiable information, including, third party benchmarking, to enable Nortel Networks to validate that the Annual Commitment and Product Prices are not achievable due to such conditions, the Parties will review the Annual Commitment and Product Price at the monthly Cost Review Meeting. Where Nortel Networks does so validate, then the Parties will agree to revise the Product Prices and Annual Commitment for the balance of the quarters remaining. Nortel Networks shall have fifteen (15) calendar days to notify Flextronics that it is either validating or rejecting Supplier’s request. If Nortel Networks fails to respond in such time, Flextronics will have the right to update the Exhibit 6 Pricing. The amount of this revision will reflect directly the validated number/percentage. (Example: [•].)

OCR Threshold Commitment. In the event that Flextronics F▇▇▇▇▇▇▇▇▇▇ considers that, due to any unforeseen event or condition beyond Flextronics’ control that the OCR commitment will be missed by a threshold of [•] or greater. Flextronics will present to Nortel Networks quantifiable information, including, third party benchmarking, to enable Nortel Networks to validate that the Annual Commitment and Product Prices are not achievable due to such conditions, the Parties will review the Annual Commitment and Product Price at the monthly Cost Review Meeting. Where Nortel Networks does so validate, then the Parties will agree to revise the Product Prices and Annual Commitment for the balance of the quarters remaining. Nortel Networks shall have fifteen (15) calendar days to notify Flextronics that it is either validating or rejecting Supplier’s request. If Nortel Networks fails to respond in such time, Flextronics will have the right to update the Exhibit 6 Pricing. The amount of this revision will reflect directly the validated number/percentage. (Example: [•].. )

OCR Threshold Commitment. In the event that Flextronics F▇▇▇▇▇▇▇▇▇▇ considers that, due to any unforeseen event or condition beyond Flextronics’ control that the OCR commitment will be missed by a threshold of [•] or greater. Flextronics will present to Nortel Networks quantifiable information, including, third party benchmarking, to enable Nortel Networks to validate that the Annual Commitment and Product Prices are not achievable due to such conditions, the Parties will review the Annual Commitment and Product Price at the monthly Cost Review Meeting. Where Nortel Networks does so validate, then the Parties will agree to revise the Product Prices and Annual Commitment for the balance of the quarters remaining. Nortel Networks shall have fifteen (15) calendar days to notify Flextronics that it is either validating or rejecting Supplier’s request. If Nortel Networks fails to respond in such time, Flextronics will have the right to update the Exhibit 6 Pricing. The amount of this revision will reflect directly the validated number/percentage. (Example: [•].)