Inventory Purchases a. Any member company with a marketing plan that involves selling products directly or indirectly to independent salespeople shall adopt and communicate a policy, in its recruiting literature, sales manual, or contract with an independent salesperson, that the company will repurchase on reasonable commercial terms currently marketable inventory, in the possession of that salesperson and purchased by that salesperson for resale prior to the date of termination of the independent salesperson’s business relationship with the company. For purposes of this Code, “reasonable commercial terms” shall include the repurchase of marketable inventory, promotional materials, sales aids, tools and kits within twelve (12) months from the salesperson’s date of purchase at not less than 90 percent of the salesperson’s original net cost less appropriate set offs and legal claims, if any. For purposes of this Code, products shall not be considered “currently marketable” if returned for repurchase after the products’ commercially reasonable usable or shelf life period has passed; nor shall products be considered “currently marketable” if the company clearly discloses to salespeople prior to purchase that the products are seasonal, discontinued, or special promotion products and are not subject to the repurchase obligation.
Inventory Purchases a. Any member company with a marketing plan that involves selling products directly or indirectly to independent salespeople shall adopt and communicate a policy, in its recruiting literature, sales manual, or contract with an independent salesperson, that the company will repurchase on reasonable commercial terms currently marketable inventory and company produced promotional materials, sales aids, tools and kits, in the possession of that salesperson and purchased by that salesperson for resale prior to the date of termination of the independent salesperson’s business relationship with the company. For purposes of this Code, “reasonable commercial terms” shall include the repurchase of marketable inventory, and company produced promotional materials, sales aids, tools and kits within twelve (12) months from the salesperson’s date of purchase at not less than 90 percent of the salesperson’s original net cost less appropriate set offs and legal claims, if any. For purposes of this Code, products shall not be considered “currently marketable” if returned for repurchase after the products’
Inventory Purchases. The Loan Parties shall not permit (i) any material amount of inventory to be purchased by any Person other than the Borrower and the Material Subsidiaries or (ii) any Loan Party or any Subsidiary of a Loan Party, other than the Borrower and the Material Subsidiaries, to be obligated directly or indirectly to any Person other than a Loan Party with respect to any material amount of purchased inventory.
Inventory Purchases. Based on the Forecasts, Xxxxx shall purchase, on a rolling basis, components and raw materials as necessary to manufacture Medtronic’s forecasted quantity of Products based on any applicable lead times and efficient order quantities (“Inventory”).
Inventory Purchases. The Scentsy Family program is designed so that you do not need to invest in and stock inventory for resale purposes. As such, you are prohibited from purchasing more than $1,000 per month in products, unless you can certify to Scentsy Family that you have pending retail orders in excess of $1,000 or provide Scentsy Family with other business reasons why such a purchase is necessary. This $1,000 limit is accumulated across all Scentsy Family brands.
Inventory Purchases. The Borrowers acknowledge and agree that Inventory shall be purchased through American Tire only (except for de minimis amounts of Inventory that are purchased in the ordinary course of business by another Borrower) and not through any existing Subsidiary or any Subsidiary that may be joined after the Closing Date as a co-Borrower or co-Guarantor hereunder.
Inventory Purchases. Any and all liability of the Seller pursuant to any Purchase Orders (the "Inventory Purchases") of the Seller outstanding at the Closing requiring the Seller to purchase inventory items for resale in the normal course of its business. Buyer agrees to accept such orders and to satisfy all payment for same. From and after the date of this Agreement, the Seller agrees not to place any Purchase Orders for
Inventory Purchases. Notwithstanding anything to the contrary herein or in any other Loan Document, from and after the Third Amendment Effective Date: (a) the Borrower shall not enter into any new purchase orders or other agreements, contracts or transactions pursuant to which the Borrower agrees to purchase Inventory; and (b) the Borrower shall use its best efforts to cancel any existing purchase orders or other agreements, contracts or transactions pursuant to which the Borrower agreed to purchase Inventory.
Inventory Purchases. Notwithstanding anything to the contrary herein or in any other Loan Document, from and after the Fourth Amendment Effective Date, the Borrower shall not enter into any new purchase orders or other agreements, contracts or transactions pursuant to which the Borrower agrees to purchase Inventory (“Inventory Purchase Orders”), except:
Inventory Purchases. The Borrower shall not, and shall ------------------- not permit any Subsidiary to, purchase any Inventory (other than Inventory which is purchased from vendors or distributors in the ordinary course of business) in one transaction or a series of related transactions in an aggregate amount in excess of (a) $100,000,000 unless the Administrative Lender has received prior to such purchase or purchases a Compliance Certificate setting forth the covenant calculations both immediately prior to and after giving effect to the proposed purchase or purchases and (b) $200,000,000 without the prior written consent of the Determining Lenders.
