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Document Preview Agreement for Purchase of Products (Foundry) |
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Title: |
Agreement for Purchase of Products (Foundry) |
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Entities: |
Citibank, NA; International Business Machines Corp.; Cyrix Corp |
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Date: |
1996 |
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Size: |
Preview shows 8KB of 64KB total |
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Price: |
$41 |
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ID: |
#146234 |
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IBM Microelectronics
Essex Junction, Vermont
Agreement for Purchase of Products
(Foundry)
Name and Address of Buyer:
Cyrix Corporation Agreement Number: CY2
2703 North Central Expressway Customer Number:
Richardson, Texas 75080 Commencement Date:
Address of IBM: IBM Customer Account
Representative:
1000 River Street
Essex Junction, Vermont 05452
This agreement ("Agreement") is entered into by and between International
Business Machines Corporation ("IBM"), incorporated under the laws of the State
of New York, and Cyrix Corporation, ("Buyer"), incorporated under the laws of
the State of Delaware.
Buyer agrees to purchase and IBM agrees sell certain semiconductor products
in accordance with the terms and conditions of this Agreement including its
attachments ("Attachments").
1.0 DEFINITIONS
1.1 "Buyer Deliverable Items" shall mean the items listed in Section 2.0 of
Attachment A
1.2 "Commencement Date" shall mean the date this Agreement is executed by
Buyer and IBM.
1.3 "Distribution Point" shall mean the IBM location designated by IBM from
which Product is shipped to Buyer. Distribution Points may be redesignated
at IBM's sole discretion.
1.4 "Engineering Change" shall mean a mechanical or electrical change to the
Product which affects form, fit, function or maintainability.
1.5 "Harmful Code" shall mean any computer code, programming instruction or a
set of instructions that is intentionally constructed with the ability to
damage, interfere with or otherwise adversely affect computer programs,
data files or hardware without the consent or intent of the computer user.
This definition includes, but is not limited to, self-replicating and
self-propagating programming instructions commonly called viruses or
worms.
1.6 "NRE" shall mean non-recurring engineering charges unique to Products
manufactured under this Agreement.
1.7 "Person" shall mean any person, company or other legally recognized
entity.
1.8 "Plant of Manufacture" shall mean the IBM location that manufactures the
Products and/or assembly and ships Product to IBM Distribution Points or
Buyer.
1.9 "Product(s)" shall mean the IBM product(s) to be sold and purchased under
this Agreement as specified in Section 1.0 Attachment A.
1.10 "Purchase Order" shall mean a Purchase Order issued by Buyer for
Product(s) in accordance with Section 6.0.
1.11 "Purchase Order Lead Time" shall mean the period between Purchase Order
issuance by Buyer and the requested shipment date as specified in
Attachment A.
1.12 "Scheduled Shipment Date" shall mean the date requested by Buyer on the
Purchase Order and accepted by IBM.
1.13 "Shipment Date" shall mean the date for shipment of Product requested by
Buyer in a Purchase Order.
1.14 "Subsidiary" shall mean a corporation, company or other entity: 1) more
than 50% of whose outstanding shares or securities (representing the right
to vote for the election of directors or other managing authority) are; or
2) which does not have outstanding shares or securities, as may be the
case in a partnership, joint venture or unincorporated association, but
more than 50% or whose ownership interest representing the right to make
the decisions for such corporation, company or other entity is: now or
hereafter, owned or controlled, directly or indirectly, by a party hereto,
but such corporation, company or other entity shall be deemed to be a
Subsidiary only so long as such ownership or control exists.
{PAGE}
1.15 "Unit" shall mean a single wafer of Product.
2.0 WORK SCOPE
2.1 IBM agrees to sell Products to Buyer as requested by Buyer and accepted by
IBM in accordance with Section 6.0.
2.2 IBM will not have any installation, warranty or maintenance
responsibilities for Products except as referred to in Section 17.0.
2.3 Nothing in this Agreement shall be interpreted nor construed in any way as
limiting, abrogating or diminishing any rights or obligations of either
party, including intellectual property rights, as set forth in the
Agreement for Purchase of Products between International Business Machines
Corporation and Cyrix Corporation dated April 7, 1994, as amended.
3.0 TERM OF AGREEMENT
The term of this Agreement will begin on the Commencement Date and will
end on December 31, 1997(the "Contract Period"), subject, however, to
earlier termination as permitted under Section 13.0.
4.0 SCHEDULE
4.1 IBM and Buyer agree to complete their respective responsibilities in the
time frame specified in Purchase Orders issued by Buyer and accepted by
IBM in accordance with Section 6.0.
4.2 Products will be ordered and delivered under this Agreement during
scheduling periods (the "Scheduling Periods"). The first Scheduling Period
shall begin on the Commencement Date and conclude on December 31, 1996.
Subsequent Scheduling Periods shall be twelve (12) months each, and shall
begin immediately following the conclusion of the first Scheduling Period,
and run consecutively for the duration of the Contract Period.
5.0 PRODUCT DEMAND FORECASTS
5.1 The first Product demand forecast agreed to by Buyer and IBM is set forth
in Attachment A. The forecast covers the Contract Period and is broken out
by Product and month and shall constitute on the part of Buyer an
obligation to purchase such forecasted quantities and on the part of IBM
an obligation to supply such forecasted quantities in 1996 and up to [ * ]
Units per month during 1997. Buyer may adjust the Product demand forecast
set forth in Attachment A only once per calendar quarter and only upon six
(6) month's prior written notice to IBM, subject to Section 5.2.
5.2 Buyer may request quantities of Products that exceed the Product demand
forecast provided pursuant to Section 5.1 and that have been accepted by
IBM. Such requests are subject to rejection by IBM for any reason,
including but not limited to resource availability.
6.0 PURCHASE ORDERS
6.1 Buyer shall order Products by issuing written Purchase Orders. IBM shall
ship Units in accordance with such Purchase Orders. Purchase Orders must
be placed in advance, with at least the Purchase Order Lead Time specified
in Attachment A, to allow IBM to meet Buyer's requested Shipment Date. IBM
may reject Buyer's requested Shipment Date if such requested Shipment Date
does not comply with the Purchase Order Lead Time. Requested Shipment
Dates will be deemed accepted by IBM if the Purchase Order requesting such
Shipment Date is accepted by IBM. If so accepted, a requested Shipment
Date shall constitute a Scheduled Shipment Date. Buyer may request an
improved Scheduled Shipment Date. However, such a request may be rejected
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