Buffer Inventory definition

Buffer Inventory means the additional inventory that Supplier keeps as a safety inventory.
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Buffer Inventory. Defined in Section 5.5. Contract Price: Defined in Section 4.1. Delivery Date(s): The date on which a Product leaves the NGST Plant.
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Buffer Inventory means an agreed upon quantity of Product which shall be built and maintained by SSCI in addition to the current quarters requirements.
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Examples of Buffer Inventory in a sentence

  • Company’s production control staff will use the weekly updates to direct Foundry activities, including the disposition of Contract Wafers for shipping or of material into Buffer Inventory.

  • Foundry may ship any Buffer Inventory that has been held by Foundry for more than **** days and invoice Company for the current price for the product so shipped.

  • Foundry shall ship Contract Wafers from Buffer Inventory on an FIFO basis, and shall only invoice Company for such Contract Wafers when shipped to Company.

  • NGST may fill the requested increase from either NGST’s existing inventory or from the Buffer Inventory.

  • Company may request Foundry to hold and delay shipment of any Contract Wafers from Buffer Inventory for up to ninety (90) days.

  • Supplier shall not ship or include in the Buffer Inventory any unit of Product(s) that fails to meet any of the foregoing criteria unless specifically instructed in writing by Microsoft to do so.

  • Insulet may draw any or all of the Buffer Inventory from a Hub at any time, upon notice to Supplier, and Supplier will deliver Product to Insulet from the Buffer Inventory.

  • If NGST elects to use the Buffer Inventory, then the procedure described in Section 5.5 shall apply.

  • Upon receipt of EOL Notice, TI will adjust its manufacturing schedule so that, to the extent possible, Buffer Inventory will be depleted by purchases by Ramtron.

  • Unless otherwise directed in writing within [*] business days that such use of buffer inventory constitutes a permanent draw-down of Buffer Inventory by Buyer, NGST shall replenish Buffer Inventory as soon as practicable.


More Definitions of Buffer Inventory

Buffer Inventory means the buffer of finished units of Products built-up by the Seller to meet the Buyer’s needs as set forth in the Tactical Plan to cover the time period necessary (i) to disassemble and unplug from the French Plant and the Irish Plant, and transport, reassemble and re-plug in the Buyer’s premises those Manufacturing Assets that are transferred as part of the Arc Business Assets in accordance with the Tactical Plan, (ii) for the Buyer to obtain Qualification of those Manufacturing Assets and (iii) for the Buyer to obtain the Relevant Registrations and Qualifications (including the CE labelling).
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Buffer Inventory shall have the meaning described in Article 8 of this Agreement.
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Buffer Inventory. The minimum level of Components which the supplier must maintain in the hub. Such inventories are maintained based on the forecasts sent to the supplier.
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Related to Buffer Inventory

  • Product Inventory means all inventory owned as of the Closing by Seller or any Affiliate thereof of finished Product that is in conformance with the Specifications and has an expiration date of October 1, 2016 or later, regardless of whether such inventory is held at a location or facility of Seller or any Affiliate (or of any other Person on behalf of Seller or any Affiliate, including in any of Seller’s warehouses, manufacturers, suppliers, distributors or consignees) or in transit to or from Seller or any Affiliate (or any such other Person).

  • Eligible Finished Goods Inventory means Inventory that qualifies as Eligible Inventory and consists of first quality finished goods held for sale in the ordinary course of Borrowers’ business.

  • Obsolete Inventory means items that have expired, are redundant or damaged;

  • Transferred Inventory has the meaning set forth in Section 2.2(a)(iii).

  • Excluded Inventory has the meaning set forth in Section 2.2(b).