Consignment and Use of US Consignment Inventory Sample Clauses

Consignment and Use of US Consignment Inventory. As of the Effective Date, Licensor shall consign, and Licensee shall accept (a) the finished goods inventory of Product located in Licensor’s distribution centers or other U.S. field locations which have been manufactured for, or are held or used primarily for, the conduct of the Prostiva Business identified in Schedule 5.1 to this Agreement, and which are new, unexpired and not due to expire within six (6) months of the date of consignment, and (b) Products returned to Licensor in accordance with Section 3.3(b) above (the “US Consignment Inventory”), except for that inventory that Licensor anticipates will be necessary to fulfill orders received from its customers or distributors outside of the United States in accordance with Section 3.2 hereof (the “OUS Consignment Inventory”) during the three (3) month period following the Effective Date (the “Consignment Period”) (The US Consignment Inventory and OUS Consignment Inventory are collectively referred to as the “Consignment Inventory”). Licensee will use the US Consignment Inventory as needed to fulfill orders it receives as Licensor’s distributor of Products pursuant to the terms of the Interim Distribution Agreement. Licensee shall sell Consignment Inventory prior to selling Products received under new purchase orders.
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Related to Consignment and Use of US Consignment Inventory

  • Consignment Inventory that is placed on consignment;

  • As to Equipment and Inventory The Grantor hereby agrees that it shall

  • 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.

  • Equipment and Inventory With respect to any Equipment and/or Inventory of an Obligor, each such Obligor has exclusive possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or (ii) Equipment or Inventory in transit with common carriers. No Inventory of an Obligor is held by a Person other than an Obligor pursuant to consignment, sale or return, sale on approval or similar arrangement.

  • 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.

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

  • Consignments Consign any Inventory or sell any Inventory on xxxx and hold, sale or return, sale on approval, or other conditional terms of sale.

  • Accounts Receivable; Inventory (a) For each Account with respect to which Advances are requested, on the date each Advance is requested and made, such Account shall be an Eligible Account.

  • Inventory and Supplies Administrator shall order, purchase and provide to the Group on a timely basis inventory and supplies, and such other ordinary, necessary or appropriate materials which are requested by the Group and which the Group shall reasonably determine to be necessary in the operation of the Practice on the same terms commercially available to Administrator. Such inventory, supplies and other materials shall be included in Practice Expenses at their cost to Parent or Administrator, as the case may be.

  • 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.

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