Common use of Backlog Clause in Contracts

Backlog. Schedule 5.22 sets forth the backlog of orders that Seller is to ship and contract work to be performed as of May 31, 2003. Seller either possess sufficient inventory of parts, materials and personnel to produce the same within their scheduled delivery dates or such parts or materials have lead times such that Seller can acquire such parts and materials in time to produce and ship such backlog in accordance with its schedule shipping date.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Speedcom Wireless Corp), Asset Purchase Agreement (P Com Inc), Asset Purchase Agreement (Speedcom Wireless Corp)

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Backlog. Schedule 5.22 2.21 sets forth the backlog of orders that the Seller is to ship and contract work to be performed as of May 311, 20031997, and such schedule will be updated to indicate such backlog as of the Closing. The Seller either possess (i) possesses sufficient inventory of partsProducts, materials and personnel to produce the same within their scheduled schedule delivery dates or (ii) such parts Products or materials have lead times such that the Seller can acquire or produce such parts Products and materials in time to produce and ship such backlog in accordance with its schedule scheduled shipping date.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Credence Systems Corp), Asset Purchase Agreement (Summit Design Inc)

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