Buffer Stock. Synnex will be required to maintain a minimum buffer stock of all Products as specified in a Product Information Document (and updated by Blue Coat as needed) (“Buffer Stock”). This Buffer Stock is to accommodate requests for expedited orders and dead-on-arrival replacements. Additionally, the Buffer Stock will be used to accommodate expected and unexpected quarterly business cycle fluctuations. However, the Buffer Stock will not exceed a maximum as specified in Product Information Document. If the Buffer Stock becomes Excess Buffer Stock, then Blue Coat shall pay either (a) reasonable carrying costs for such Excess Buffer Stock or (b) the Product cost as outlined in the Product Information Document or the updated cost agreed to by the parties.
Buffer Stock. Broadcom will hold and segregate a buffer stock of *** RAID controller chip products for Ciprico to meet Ciprico’s typical monthly supply during the term of this Agreement. If Ciprico depletes the buffer stock, then Broadcom will refill such buffer stock in accordance with its standard lead times. As a condition to Broadcom’s obligations under this Section 6.2, Ciprico will maintain a typical monthly supply of RAID controller chips in its inventory.
Buffer Stock. Starting on a date that is three (3) months after METROLOGIC completes delivery of products ordered under the Initial Conditional Order, METROLOGIC shall manufacture and hold in stock a buffer stock of a certain number of such finished METROLOGIC Purchasable Products, as computed hereunder, which can be ordered by SYMBOL. Such buffer stock will be shipped upon SYMBOL placing a Purchase Order, with a maximum of one week turnaround. Should an order by SYMBOL deplete METROLOGIC's buffer stock, METROLOGIC agrees to replenish stock within 30 days of such order. For each product type purchased under the Terms and Conditions hereof, the quantity of the buffer stock shall not be less than the average monthly quantity of that particular product type purchased by SYMBOL during the previous three month period, and shall not be greater than 500 units. SYMBOL agrees to purchase all buffer stock units upon the termination or expiration of the applicable Part of Article
Buffer Stock. Terms defining buffer stock requirements and procedures are set forth in Exhibit A to this Agreement.
Buffer Stock. Clause 1 of the Exclusive Distribution Agreement is amended to include the following new Clause 1(pppp), 1(qqqq) and 1(rrrr):
Buffer Stock. (a) The Distributor shall be responsible for creating and maintaining a sufficient stock of Products in order to limit any short term interruption, discontinuance or limitation of supply of any kind in the Territory (the Buffer Stock).
(b) It is agreed between the Parties that [*] Products representing a Purchase Price value of [*] which are in the inventory of the Distributor on December 31, 2024 shall not be taken into consideration for the purpose of calculating the Buffer Stock during the 6th Contract Year and shall be sold in priority during the 6th Contract Year. For clarity, this excess Buffer Stock (the 2024 Excess Buffer Stock) refers to the quantity of Product, as opposed to specific units of Product, as Product is expected to be sold on a “first in first out” basis.
(c) At any time between January 1, 2025 and December 31, 2028, the Buffer Stock shall correspond to at least [*] but not more than [*] of the value of stock of Products determined based on the Rolling 12 Month Calculation of the Take Portion (as defined in Clause 9.13.2(a)) for the applicable 12 month period.
(d) At any time between January 1, 2029 and May 31, 2029, the Purchase Price value of the Buffer Stock shall represent at least [*] but not exceed [*] of [*].
(e) At any time between, June 1st, 2029 and September 30, 2029, the Purchase Price value of the Buffer Stock shall represent at least [*] but not exceed [*] of [*].
(f) At any time between October 1st, 2029 and December 31, 2029, the Purchase Price value of the Buffer Stock may not exceed [*] of [*], as the Distributor will be expected to sell-out its inventory of Products by December 31, 2029.
(g) No later than ten (10) Business Days after the end of each month, the Distributor will provide the Supplier with the levels of the Buffer Stock of Products by SKU on the last day of the month according to Annex 9.8(g). While such report is provided on a SKU-by-SKU basis, the Parties agree that the minimum and maximum Buffer Stock requirements under Clause 9.8(c), (d) and (e) are based on the quantity of Products in the aggregate across all SKUs. If the Supplier requests clarifications on the levels of Buffer Stock reported by the Distributor, the Distributor will send the detailed calculations to the Supplier within ten (10) Business Days.”
Buffer Stock. 34.1 If Buffer Stock is held by the Contractor on behalf of the Customer, the following terms apply:
(a) A maximum quantity of Buffer Stock can be held by the Contractor at any given time, this maximum quantity must be advised in writing by the Customer and agreed with the Contractor before any stock is held on the Customer’s behalf (Maximum Quantity). If Buffer Stock is held without a Maximum Quantity being advised in writing, or if Buffer Stock held is in excess of the Maximum Quantity, the Contractor will be responsible for that excess Buffer Stock and the Customer will not be required to procure or otherwise pay for that excess Buffer Stock.
(b) The Buffer Stock will be held at the Contractor’s premises, unless otherwise agreed by the Customer.
(c) Within the first 5 Business Days of each calendar month, the Customer will provide the Contractor with a three month rolling forecast of its requirements for the Buffer Stock (including Buffer Stock mix and quantities) together with details of the inventory status and current usage patterns of all items held in the Buffer Stock.
(d) If the rolling forecast requires the Contractor to hold more than the Maximum Quantity, the Contractor will seek approval from the Customer in writing before increasing beyond the Maximum Quantity.
(e) The timeframe to replenish items ordered from the Buffer Stock will be a maximum of one month. However, for the initial Buffer Stock following the Commencement Date, the Contractor will have 8 weeks.
(f) Where a Customer request for Deliverables exceeds the level of Buffer Stock held, standard delivery times will apply to the whole order and the shorter delivery times set out in Item 12 of the General Order Form will not apply.
(g) When new models (including peripherals) are introduced into the Buffer Stock, the Customer must first deplete the superseded models or devices forming part of the Buffer Stock before it procures any new models or devices from the Buffer Stock.
(h) The Customer acknowledges and agrees that items cannot be held in the Buffer Stock for more than 90 days from the time the item is held by the Contractor solely on behalf of the Customer in the Buffer Stock. The Customer must purchase items held in Buffer Stock after 90 days.
(i) The Customer acknowledges and agrees that:
(i) if this Customer Contract is terminated other than as a result of a breach of this Customer Contract by the Contractor; or
(ii) this Customer Contract expires, the Customer must purchase a...
Buffer Stock. During the term of this Master Agreement, the Supplier shall, at its sole cost and expense, procure, acquire, manufacture (where applicable), replenish or otherwise maintain in respect of each Master Product, at minimum the Buffer Stock [and any components required to manufacture (where applicable) such Buffer Stock], to meet the Statement of Works. The Supplier shall allow ALPS and/or its designee to inspect the Buffer Stock to ascertain that the specified quantity of Buffer Stock has been maintained in accordance with this Clause 3.7 and for this purpose, the Supplier shall give or procure for ALPS and/or its designee free access to the storage premises of such Buffer Stock as and when required and shall provide without any additional fees or charges such reasonable assistance as may be required. ALPS shall be entitled to the payment of Stock Credits from the Supplier for each failure of the Supplier to maintain the quantity of Buffer Stock in accordance with this Clause 3.7, which shall not be construed in any way as liquidated damages.
Buffer Stock. 4.1 The Seller shall at all times hold an additional quantity of the Products (the “Buffer Stock”). The Buffer Stock shall be in a finished and packaged state. The holding of the Buffer Stock by the Seller in accordance with this provision shall be a material term of this Agreement. Failure to do so will be considered a material breach of this Agreement. Buffer stock will be made available at the Seller within 24 hours of notice from the Seller of the requirement to use.
4.2 In the event that Seller requires to use part or all of the Buffer Stock, the Seller shall have a maximum of sixty days to replenish this Buffer Stock to the agreed levels.
4.3 Every month(s), the Seller shall forward to Buyer, a statement, taken from their stock control system, of the location and volumes of all available finished stock.
4.4 All buffer stock should be managed in terms of best practice stock rotation techniques.
4.5 For the avoidance of doubt use of Buffer Stock is deemed to be additional stock to meet unexpected demand over and above any firm orders already placed.
Buffer Stock. KOFAX will maintain a buffer stock amount of Products to be ordered under this Agreement equal to two (2) weeks in inventory and one (1) week in transit according to the then current rolling forecast. This buffer stock will be considered consigned for FCPA and will be purchased upon termination of this Agreement as defined in Section 30.
