Closing Inventories Sample Clauses

Closing Inventories. Supplier may rely upon Purchase Orders to purchase the materials and components necessary to assure the supply of Products. If Xxxxxxx terminates the Agreement, Xxxxxxx shall purchase Supplier's inventory of materials and components at Supplier’s cost, but only to the extent the inventory is dedicated solely to the manufacture of Product and was purchased to supply Product under a Purchase Order. Xxxxxxx shall purchase finished Product that was produced in good faith against a Purchase Order at the price in effect as of the termination date. If Xxxxxxx decides not to purchase finished Product on the termination date, Xxxxxxx will purchase the finished Product within six (6) months after the termination date if Xxxxxxx pays Supplier a reasonable, mutually agreed upon monthly carrying cost. Upon termination, Supplier shall cancel (if possible) open purchase orders for materials and components. Supplier shall assign non-cancelable orders to Xxxxxxx. All requests that Xxxxxxx purchase finished Products, materials or components pursuant to this Section 14.2 must be made by Supplier in writing within ninety (90) days after the later to occur of (a) notification by Xxxxxxx that such finished Products, materials or components are obsolete, or (b) (i) in the case of obsolete finished Products, the last manufacture by Supplier of such finished Products or (ii) in the case of obsolete materials or components, the last use of such materials or components by Supplier in the manufacture of Products.

Closing Inventories. On a Closing Date, the IH Entities and the IH Manager shall cause each Hotel included in such Closing to have on hand, at no cost to the REIT Parties, inventories of the Significant Supplies at the levels and of the quality described on Exhibit 11 and all other supplies at levels consistent with past practices, but in any event as may be necessary or appropriate under then-current franchise brand standards and for the conduct of the business at such Hotel.

Closing Inventories. ("Target Deficit"), the Remaining Cash Payment at Closing to be paid by Buyer shall be reduced by the amount of the Target Deficit.

Closing Inventories. At the completion of the Agreement and after the generation of close-out reports, Reliant will provide to Novartis the results of all close-out inventory with reconciliation’s and discrepancies noted. The status reports will be generated and sorted by Reliant’s organizational levels, e.g., national, regional, districts and down to the individual Sales Representative level. Outstanding discrepancies will require further investigation. All outstanding samples will be returned to Novartis. Reliant’s procedures will be consistent with the federal regulations that ensure proper storage of Novartis Product. Storage location records will be judiciously maintained and Reliant will make them available to Novartis immediately upon request. Novartis will be responsible to implement any product recall and direct all agency investigations involving Novartis products. Novartis will be immediately notified of any significant losses and all thefts experienced by Reliant including FDA correspondence and police reports relative to the Novartis sample Product. Novartis will define significant loss threshold. All returns of Product samples will be returned to Novartis distribution facilities. Reliant may not dispose of the Novartis Product samples in any other manner unless previously agreed to by Novartis. Reliant must maintain all signed receipts and related documentation required by federal regulations for three years plus current year regardless of contract status (active, expired or previously terminated). Such documents include Practitioner Signature Forms, (documenting the distribution of Product to customers), Rep Inventories, Transfers, Returns, Shipments and other associated (e.g. theft/loss of product) forms. These forms and other reports (Reconciliation) will be made available to Novartis upon request regardless of the contract status. Reliant agrees to retrieve all Sample documents within 48 hours of Novartis request. This survives the term of the contract by three years plus the current year. Novartis retains the right to audit the Sample Accountability practices, procedures, and documentation of Reliant at any time during the term of the Agreement. WHOLESALER Cost prices a.) To sell to WHOLESALER and those of its divisions, branches and/or subsidiaries, [***].

Closing Inventories. On the Closing Date, the Crossroads Entities shall cause each Hotel to have on hand (a) linen inventories at the level and of the quality described on Exhibit K-1 attached hereto and made a part hereof and (b) inventories of the Significant Supplies at the levels and of the quality described on Exhibit K-2.

Closing Inventories. On the Closing Date, the Prime Entities shall cause each Hotel to have on hand (a) linen inventories at the level and of the quality described on Exhibit N attached hereto and made a part hereof and (b) inventories of the Significant Supplies at the levels and of the quality described on Exhibit O.

Closing Inventories. Seller’s inventory will be purchased Option 1: ( ) for the amount of $____________. Option 2: ( ) at the lower of cost or market, determined on an item-by-item basis. \ [ ] Buyer Option 1: ( ) will be required to purchase all of Seller’s inventory. (Consider obsolete or damaged goods. ) Option 2: ( ) will not be required to purchase all of Seller’s inventory. (Consider obsolete or damaged goods. ) [ ] immediately prior to the closing date, Seller and Buyer will together conduct a physical inventory and each will initial duplicate copies of an inventory sheet listing the inventory being purchased. [ ] and the purchased price for each item

Closing Inventories. On the Termination Date, the Lessees shall cause each Hotel to have on hand, at no cost to the REIT, inventories of the Significant Supplies at the levels and of the quality described on Exhibit 5 hereto. ---------