Company Reimbursement For Excess Inventory Sample Clauses

Company Reimbursement For Excess Inventory. In the case where Company elects to reimburse Contractor for the value of the excess inventory, Contractor will perform a physical inventory of the excess material, sequester the excess material in such a manner as to preserve its quality and integrity, prepare an accounting of the excess material indicating its type, quantity and value, and submit that accounting to Company in writing through normally acceptable methods of physical or electronic transmission. Company has 5 business days to review and accept Contractor’s excess inventory accounting document. Company will then reimburse Contractor for fifty percent (50%) of the value of the excess inventory within 30 days after acceptance of Contractor’s accounting document. For the next six months, Contractor will verify that no demand (either Contractor’s for Company’s) exists for the sequestered excess inventory, and will so notify Company monthly in writing by suitable physical or electronic means of transmission. Contractor has the option of using the excess inventory to fulfill its own Product demand, and will use its best efforts to consume the excess inventory. If no demand occurs during this six-month period, Contractor will take steps to dispose of the excess inventory, and fifty percent (50%) of the proceeds from this disposition will be reimbursed to Company. If either Contractor or Company demand for the excess inventory does occur during this six-month period, then Contractor will notify Company in writing of its desire to consume all or a portion of the excess inventory to fulfill that demand, and will reimburse Company for the funds it provided to Contractor for risk sharing, based on fifty percent (50%) of the amount of excess material consumed and the unit price paid for the material.
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Related to Company Reimbursement For Excess Inventory

  • Reimbursement for Expenses Consultant shall not be reimbursed for any expenses unless authorized in writing by City.

  • Reimbursement for Business Expenses During the period that Executive is employed with the Company hereunder, the Company shall reimburse Executive for all reasonable, necessary and documented expenses incurred by Executive in performing Executive’s duties for the Company, on the same basis as similarly situated employees generally and in accordance with the Company’s policies as in effect from time to time; and

  • Debits for expenses etc The Agent shall be entitled (but not obliged) from time to time to debit any Earnings Account without prior notice in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21.

  • Indemnification for Expenses of a Party Who is Wholly or Partly Successful Notwithstanding any other provisions of this Agreement except for Section 27, to the extent that Indemnitee was or is, by reason of Indemnitee’s Corporate Status, a party to (or a participant in) and is successful, on the merits or otherwise, in any Proceeding or in defense of any claim, issue or matter therein, in whole or in part, the Company shall, to the fullest extent permitted by applicable law, indemnify, hold harmless and exonerate Indemnitee against all Expenses actually and reasonably incurred by him or her in connection therewith. If Indemnitee is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Company shall, to the fullest extent permitted by applicable law, indemnify, hold harmless and exonerate Indemnitee against all Expenses actually and reasonably incurred by him or her or on his or her behalf in connection with each successfully resolved claim, issue or matter. If Indemnitee is not wholly successful in such Proceeding, the Company also shall, to the fullest extent permitted by applicable law, indemnify, hold harmless and exonerate Indemnitee against all Expenses reasonably incurred in connection with a claim, issue or matter related to any claim, issue, or matter on which Indemnitee was successful. For purposes of this Section and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter.

  • Compensation; Reimbursement of Expenses The Guarantor agrees:

  • Reimbursement of Travel Expenses If the Servicer provides access to the Review Materials at one of its properties, the Issuer will reimburse the Asset Representations Reviewer for its reasonable travel expenses incurred in connection with the Review on receipt of a detailed invoice.

  • INDEMNIFICATION FOR EXPENSES OF A WITNESS Notwithstanding any other provision of this Agreement except for Section 27, to the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a witness or deponent in any Proceeding to which Indemnitee was or is not a party or threatened to be made a party, Indemnitee shall, to the fullest extent permitted by applicable law, be indemnified, held harmless and exonerated against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection therewith.

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