Turnkey Components definition
Examples of Turnkey Components in a sentence
SUPPLIER agrees to provide Mobileye product warranty to such Turnkey Components only under condition that SUPPLIER can obtained from Component vendor and/or manufacturer and / or third party.
Upon such termination, Mobileye shall buy from SUPPLIER Turnkey Components procured until the effect of such termination, only to the extent that such procurements were made in accordance with Orders and forecast (for finished goods) issued by Mobileye, or approved by Mobileye in writing, in advance, and in accordance with this Agreement.
Payment by Sun of the cancellation charges agreed to by Sun and Supplier in accordance with this Section 2.10.2. shall constitute Sun’s entire liability for any Supplier loss, expense or damages arising out of Sun’s cancellation of the P.O. “Sun-unique Turnkey Components” means those Turnkey Components which the parties have agreed upon from time to time are used exclusively in Products sold only to Sun.
If agreed upon by the parties and set forth in the applicable Statement of Work, Supplier agrees to pass through all warranty protection and rights it receives with regard to its purchase of Turnkey Components to the maximum extent possible under its purchase agreement with each applicable vendor.
This information will include without limitation pricing information with respect to the following (if applicable): material cost and material acquisition cost of all Turnkey Components and other materials, assembly labor cost, test labor cost, warranty, profit, freight, duty, warehousing, NREs, tooling and Product prototype builds.
Supplier will work actively to achieve cost reductions on all (i) material (except for Sun-Controlled Turnkey Components (defined below) which are exempted from the cost reduction calculations) and (ii) Supplier processing costs (including costs associated with assembly and test).
Sun and Supplier shall agree upon an EOQ list for the Sun-unique Turnkey Components or Sun-unique raw materials set forth in a separate written agreement which is hereby incorporated by reference (the “EOQ List”).
Supplier shall pass one hundred percent (100%) of the cost reductions in Sun-Controlled Turnkey Components on to Sun as soon as possible after the effective date of such cost reductions, on a forward looking, weighted average basis.
Unless otherwise agreed by SPANSION in writing, any Turnkey Components purchased by Supplier not in accordance with this subsection shall be the responsibility of the Supplier; associated costs shall not be passed on to SPANSION.
Sun and Supplier shall agree upon an LLTC list and associated leadtimes for the Sun-unique Turnkey Components or Sun-unique raw materials set forth in a separate written agreement which is hereby incorporated by reference (the “LLTC” List”).