Common use of Return of Inventory Clause in Contracts

Return of Inventory. The Parties agree that at any time after ------------------- December 31, 1996, the Buyer shall have the right to return any item of Inventory that the Buyer has not sold within ninety (90) days of the Closing Date, to the Sellers for a full refund of the price paid for such item of Inventory. The Buyer shall use its Best Efforts to sell the Inventory and shall pay the reasonable shipping costs associated with any items of Inventory returned by the Buyer pursuant to this section. The Parties further agree that any items of Inventory returned pursuant to this Section 6.11 must be sent to the Sellers for return within one hundred and fifty (150) days of the Closing Date, and may not be returned to the Sellers on or before December 31, 1996.

Appears in 3 contracts

Sources: Asset Purchase Agreement (Cellstar Corp), Asset Purchase Agreement (Cellstar Corp), Asset Purchase Agreement (Cellstar Corp)