Other Inventory Clause Samples
The 'Other Inventory' clause defines how inventory items not specifically listed elsewhere in the agreement are to be treated. Typically, this clause clarifies whether such additional inventory is included in the transaction, how it should be valued, or the process for identifying and transferring these items. By addressing inventory that may not be itemized, the clause ensures that both parties have a clear understanding of what is included in the deal, thereby preventing disputes over unlisted assets and ensuring comprehensive coverage of all relevant inventory.
Other Inventory. Inventory Agent otherwise deems to be ineligible in its Permitted Discretion.
Other Inventory. All inventory of any Seller other than the Inventory; and
Other Inventory. When BUYER cancels or reduces an order for a particular Product under a Purchase Order for reasons other than the discontinuance of SUPPLIER as a manufacturer of the Product or because of an engineering change initiated by BUYER, BUYER will purchase approved custom, non-cancellable, nonreturnable, MOQ, or long Leadtime Components purchased in accordance with the agreed upon Build Plan and the terms of this Agreement for the Products (“Excess Materials”) which remain in SUPPLIER’s inventory [***], upon the execution of this Agreement, for a particular Product under a Purchase Order. BUYER may elect to store them at SUPPLIER and pay SUPPLIER a storage fee based on actual space required at the current quarters quoted warehouse space cost. Once the Excess Materials have been stored at SUPPLIER [***], BUYER will use reasonable efforts to disposition the Excess Materials [***].
Other Inventory. At the Closing, the Company shall consign its rights to the Other Inventory (as defined below) of the Business to the Purchaser for a period of at least ninety (90) days from the Closing Date. During such period, such Other Inventory shall remain on the Company's premises and the Purchaser shall be entitled, but without obligation, and from time to time, to draw down on the Other Inventory for sale and use in connection with the Business as and where conducted by Purchaser. During such ninety (90) day period, the purchase price to be paid by the Purchaser for such Other Inventory shall be the lower of the Company's cost or the market price of such Other Inventory. On or prior to the expiration of such ninety (90) day period, the Purchaser shall be entitled to purchase all or part of the remaining Other Inventory in bulk for a price and upon terms to be negotiated by the parties at such time. Payments by Purchaser shall be within thirty (30) days of the draw down of any such Other Inventory. Following the expiration of such ninety (90) day period, the Purchaser shall be entitled to purchase all or part of the remaining Other Inventory at a price and upon terms to be negotiated by the parties at such time; provided that, if the parties are unable to negotiate a mutually acceptable price at which such remaining Other Inventory may be
Other Inventory. When BUYER cancels or reduces an order for a particular Product under a Purchase Order for reasons other than the discontinuance of SUPPLIER as a manufacturer of the Product or because of an engineering change initiated by BUYER, SUPPLIER agrees to issue a final written claim within thirty (30) days of such cancellation. If approved custom, non-cancellable, nonreturnable, MOQ, or long Lead-time Components purchased in accordance with the agreed upon Build Plan and the terms of this Agreement for these Products (“Excess Materials”) remain in SUPPLIER’s inventory for [***] following cancellation or reduction of an order, upon the execution of this Agreement, for a particular Product under a Purchase Order, then BUYER will purchase the Excess Materials and may elect to store them at SUPPLIER and pay SUPPLIER a storage fee based on the actual space required at then current quarters quoted warehouse space cost. Once the Excess Materials have been stored at SUPPLIER for an excess [***], BUYER will use reasonable efforts to disposition the Excess Materials [***].
Other Inventory. Other Inventory" consists of products ordered through Assignee that are owned by Assignor and not as yet delivered to the Gant Store on the Closing Date, but intended for sale in the ▇▇▇▇ Store. Subject to the provisions of Section 2.14, Assignee shall purchase and Assignor shall sell to Assignee the Other Inventory at Assignor's landed cost plus any duties paid by Assignor.
Other Inventory. CMO shall [***] maintain at least [***] months’ inventories for raw materials, auxiliary materials, and packaging materials, and ensuring the maintenance of stock available for the production and supply of AB-106 API throughout the Term of this Agreement to meet the continuous purchase requirements of the Client. The premise is that [***]. The formation, cancellation and change of separate POs for RSMs shall be applied to Article
3.1 hereunder.
Other Inventory. 1.7(b)(i) Permits...................................... 2.16
Other Inventory. Rockford shall assist Path Group in good faith to sell inventory that it does not purchase under paragraph 7 including any end of life items. For current end of life items, Rockford shall assist to make sales between the date of this Addendum and the end of the term of the Agreement. In addition to purchasing current inventory on hand, Rockford shall also purchase all goods ordered by Path from suppliers that are in transit or are otherwise non-cancelable commitments at the valuation method and on the terms set out in section 7. Rockford shall not have any obligations to purchase inventory ordered after February 1, 2001, unless Rockford had approved the purchase of such inventory under section 1.
Other Inventory. 11 1.42 Other Post Employment Benefits.................................................................11