Common use of Aged Inventory Clause in Contracts

Aged Inventory. At the end of every quarter, Flextronics shall report the Aged Inventory. LumiraDx’s failure to object to Flextronics’s Aged Inventory report (or failure to deny its responsibility for such inventory) shall constitute its acceptance of Flextronics’s Aged Inventory report. After validation, which shall not exceed [***] from the date of such report, LumiraDx shall purchase the Aged Inventory at a price equal to (as applicable) [***]. For any Aged Inventory that is not purchased by LumiraDx, LumiraDx shall pay Flextronics a carrying cost fee equal to [***].]