Buffer Inventory Requirement Sample Clauses

Buffer Inventory Requirement. EMS will maintain a single buffer inventory for the HP Product, including any related to HP subcontractors authorized hereunder, at EMS's site based initially on an average ** weeks worth of HP Products from the most recent twelve (12) month rolling Forecast accepted by EMS. Thereafter, the quantity of buffer inventory will be reviewed and mutually agreed to by both parties on a quarterly basis. If the buffer inventory associated with HP Products is depleted, and EMS has sufficient capacity to do so, EMS will replenish the depleted inventory to the current agreed upon level within ** weeks. If the parties cannot agree on the quantity of buffer inventory to be held, EMS will cease to maintain a buffer inventory for HP Products and deplete the existing inventory against existing Orders. EMS will rotate its supply of buffer inventory used to make the HP Product on a first in first out basis. HP agrees to purchase all remaining inventory at the expiration or early termination, for any reason, of this Agreement. The parties agree to work together to deplete inventory levels against existing Orders for HP Products by the end of each calendar year, and to replenish that inventory as soon as commercially reasonable after the start of the next calendar year.
Sample 1
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Related to Buffer Inventory Requirement

  • Sale of Inventory Purchaser shall purchase (or shall cause its Affiliates to purchase) the Inventory in separate transactions in accordance with the terms and conditions contained in the Supply Agreement. It is agreed and understood by and between the Parties that the Purchase Price does not include the Inventory.

  • Quality Requirements Supplier shall comply with Tesla’s quality requirements set forth in Attachment 6 entitled “Tesla Motors Supplier Handbook”.

  • Additional Regulatory Requirements Notwithstanding anything contained in this Agreement to the contrary, it is understood and agreed that the Bank (or any of its successors in interest) shall not be required to make any payment or take any action under this Agreement if:

  • Location of Equipment and Inventory All Equipment and Inventory are (i) located at the locations indicated on Schedule 4 (ii) in transit to such locations or (iii) in transit to a third party purchaser which will become obligated on a Receivable to the Debtor upon receipt. Except for Equipment and Inventory referred to in clauses (ii) and (iii) of the preceding sentence, the Debtor has exclusive possession and control of the Inventory and Equipment.

  • Physical Inventory Borrower shall conduct a physical count of the Inventory at such intervals as FINOVA requests and promptly supply FINOVA with a copy of such accounts accompanied by a report of the value (calculated at the lower of cost or market value on a first in, first out basis) of the Inventory and such additional information with respect to the Inventory as FINOVA may request from time to time.

  • Inventory To the extent Inventory held for sale or lease has been produced by any Borrower, it has been and will be produced by such Borrower in accordance with the Federal Fair Labor Standards Act of 1938, as amended, and all rules, regulations and orders thereunder.

  • Eligible Inventory As to each item of Inventory that is identified by any Borrower as Eligible Inventory in a Borrowing Base Certificate submitted to Agent, such Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than Agent-discretionary criteria) set forth in the definition of Eligible Inventory.

  • Merchantable Inventory All Inventory is in all material respects of good and marketable quality, free from all material defects.

  • Location of Inventory and Equipment The Inventory and Equipment are not stored with a bailee, warehouseman, or similar party (without Foothill's prior written consent) and are located only at the locations identified on Schedule 6.12 or otherwise permitted by Section 6.12.

  • Technical Requirements All Corrections done by Customer, its Authorized Agent or a third party contractor must be performed in accordance with Boeing's applicable service manuals, bulletins or other written instructions, using parts and materials furnished or approved by Boeing.

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