Inventory and Returns Sample Clauses
The 'Inventory and Returns' clause outlines the procedures and responsibilities related to the management of inventory and the process for returning goods between parties. Typically, it specifies how inventory levels are tracked, who is responsible for maintaining adequate stock, and under what conditions products can be returned, such as for defects or overstock. This clause ensures both parties have clear expectations regarding inventory control and return logistics, thereby minimizing disputes and facilitating efficient supply chain operations.
Inventory and Returns. Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower, or any of its Subsidiaries, and their respective account debtors shall follow Borrower’s, or such Subsidiary’s, customary practices as they exist at the Effective Date.
Inventory and Returns. (a) Section 3.8(a) of the Seller Disclosure Schedule sets forth a complete and correct list of the Inventory as of May 15, 2012, as the same will be revised as of the day prior to the Closing Date. The Inventory has been produced or manufactured in accordance with all Applicable Law and Regulatory Approvals.
(b) Since January 1, 2010, Seller has not (i) materially altered its distribution practices or terms with respect to the Product, or (ii) materially altered its activities and practices with respect to inventory levels of the Product maintained at the wholesale, chain, institutional or retail levels in any material respect.
(c) Section 3.8(c) of the Seller Disclosure Schedule sets forth, on a monthly basis, the returns of the Product for the one year period ended May 15, 2012, as the same will be revised as of the day prior to the Closing Date.
(d) All Inventory included in the Purchased Assets shall be fully paid for, saleable and in good and marketable condition and shall be in compliance with all Laws applicable to its manufacture, labeling and storage.
(e) All Inventory identified on Schedule 1.1(a) shall be provided to Opco without additional consideration.
Inventory and Returns. To Seller's knowledge, the Inventory consists of items of a quality and quantity usable in the ordinary course of business, and having expiration dates listed on Exhibit C hereof. To Seller's knowledge, none of the Inventory is obsolete or damaged, and the Inventory is merchantable and fit for its particular use.
Inventory and Returns. (a) Section 3.8(a) of the Seller Disclosure Schedule sets forth a complete and correct list of Seller’s Inventory as of November 4, 2005. The Inventory consists of finished goods usable and salable by Seller in the ordinary course of business. The Inventory has been produced or manufactured in accordance with all Applicable Law and Product Registrations.
(b) Since January 1, 2005, other than entering into the Contracts with specialty pharmacies for the direct sales by Seller to such pharmacies of Infergen and entering into distribution Contracts or amendments to existing distribution Contracts with two wholesalers, Seller has not (i) materially altered its distribution practices or terms with respect to Infergen, or (ii) materially altered its activities and practices with respect to inventory levels of Infergen maintained at the wholesale, chain, institutional or retail levels in any material respect.
(c) As of the Closing Date, the aggregate dollar value of the inventory of Infergen (the “Aggregate Inventory Value”) maintained by (a) Cardinal Health, McKesson, and AmeriSource Bergen (collectively, “Seller’s Principal Wholesalers”), and (b) the specialty pharmacies with which Seller has a contractual relationship, will not exceed the Maximum