Consignment Inventory. Tutogen shall have the option to consign inventory --------------------- of the Processed Tissues to Sulzer for the benefit of Processed Tissue users in circumstances in which users could not timely obtain the Processed Tissues directly from Tutogen. In no event shall Sulzer acquire title to the consigned Processed Tissues. Sulzer shall xxxx the consigned Processed Tissues as the sole property of Tutogen.
Consignment Inventory. Purchaser will provide Consigned Die, and during the first six (6) months Consigned Materials, to Supplier from time to time for purposes of Supplier’s performance of Services under this Agreement. Such Consigned Die and Consigned Materials shall be stored in the locations and in the manner at the Facility such Consigned Die and Consigned Materials were stored in prior to the Closing Date or as otherwise specified in the Performance Standards, unless the parties agree in advance in writing on any changes to the storage location or procedures at the Facility. Supplier will use the Consigned Die and Consigned Materials to perform Services and Produce Products on a first-in, first-out basis. Upon reasonable advance written notice to Purchaser, Supplier may elect to obtain Materials on its own to perform the Services instead of receiving Consigned Materials from Purchaser; provided, however, if the purchase of such Materials instead of receipt of Consigned Materials results in an increase of costs to Supplier, then Supplier shall not be entitled to include such additional costs in its calculations for cost reconciliation pursuant to Section 2.4 above.
Consignment Inventory. For the avoidance of doubt, Good Inventory shall include inventory purchased or obtained by the Boss Division subsequent to the Effective Date.
Consignment Inventory. The Consignment Inventory, whether now in consignment or hereafter consigned, is and shall remain the property of Xxxxxxx until such time as such Consignment Inventory is purchased by Universal from Xxxxxxx pursuant to and in accordance with its agreements with Xxxxxxx as in effect from time to time, at which time title to the purchased items of Consignment Inventory shall be transferred to Universal. KeyBank shall not have or assert any interest in any Consignment Inventory that has not been purchased by Universal from Xxxxxxx pursuant to and in accordance with the aforementioned agreements between Universal and Xxxxxxx, whether the Consignment Inventory is stored in bonded warehouses or not. For purposes of clarity, any and all goods shipped by Xxxxxxx to Universal for which title has not passed to Universal pursuant to and in accordance with Universal’s agreements with Xxxxxxx shall be considered Consignment Inventory for purposes of this Agreement. For the avoidance of doubt, once any item of Consignment Inventory is purchased by Universal from Xxxxxxx pursuant to and in accordance with its agreements with Xxxxxxx, all proceeds of such item of Consignment Inventory are subject to the KeyBank Lien and KeyBank shall have a first and prior security interest with respect to such proceeds.
Consignment Inventory. The Artist hereby consigns to The Old Gallery; and The Old Gallery accepts on consignment, those Artworks listed on a separate Inventory Consignment Sheet which the Artist agrees to keep current as Artworks are added or removed from The Old Gallery throughout the duration of this agreement. All inventory consignment sheets shall be signed by Artist and a representative of The Old Gallery when Artworks are added or removed from The Old Gallery. The Artist agrees to replenish and/or exchange Artworks in an effort to ensure inventory levels of Artworks do not fall below seventy-five (75%) of the inventory recorded on the Initial Inventory Consignment sheet.
Consignment Inventory. Người Việt Shop agrees to stock an adequate inventory of each item at Người Việt stock room at no cost to the Consignor. Người Việt Shop determines the initial quantity of each item to stock. Người Việt Shop will request to restock when necessary and the quantity to restock will be adjusted according to the sale rate of each item. Consignor agrees to deliver the consignment inventory to Người Việt Shop at 00000 Xxxxx Xxxxxx, Westminster, CA 92683 at zero cost ($0.00). Consignor pays for all shipping and handling cost incurred delivering the consignment inventory to Người Việt Shop.
Consignment Inventory. Each Purchaser and Vendor shall mutually agree in writing upon the quantity of Product Vendor is to maintain in inventory on consignment at such Purchaser’s Facility location (dependent on the type of Product). Vendor shall not charge any Purchaser a stocking fee or any other fee for such Purchaser to retain the Product in inventory. Vendor agrees to rotate Products into the inventory on a periodic basis to ensure that such inventory does not become out-of-date according to Vendor’s standards. Title to all Product will remain with Vendor until such Product is utilized by the applicable Purchaser, and title to other Product will remain with Vendor until the earlier of (i) the time such Product is utilized or accepted by a Purchaser, whichever is later, or (ii) payment by the Purchaser for such Product. Further, Vendor shall replace, at no cost to any Purchaser, any Product in inventory that is opened but unused by such Purchaser. The inventory level for the Products may be changed from time to time only by written amendment to the Letter of Participation and related Facility Service Agreement, executed by authorized signatories of Vendor and Purchaser. Vendor will not overstock Products at a Purchaser’s Facility(ies) in excess of the quantities set forth on a Purchaser’s Facility Service Agreement. A Purchaser reserves the right to treat excess inventory stored by Vendor at such Purchaser’s Facility(ies) as abandoned property. Such Purchaser will give Vendor written notice of any Products it deems abandoned. A Purchaser reserves the right to remove or otherwise destroy abandoned property if not removed by Vendor from the Purchaser’s Facility(ies) within seven (7) days of said notice. Vendor may audit (including a physical inventory) the consignment arrangement during business hours upon 72 hours’ notice to a Purchaser. All audits of the consigned inventory by a Purchaser shall only be conducted in the presence of a representative of such Purchaser’s supply chain department (or similar department). Vendor agrees to abide by other individual Purchaser policies that relate to consignment inventory, which such individual Purchasers shall supply notice of any such policies in writing to Vendor. The parties to this Agreement agree that the terms of this Section 2.13 only apply to Products provided on a consignment basis.
Consignment Inventory. No inventory will be consigned Noble BV (or its Affiliates).
Consignment Inventory. At the Closing, Seller will make available to Purchaser 102,600 units of Product from Lot numbers NNBB and NMAD (the “Consignment Units”) to be held by Purchaser on a consignment basis for a period of ninety (90) days following the Closing. Purchaser will have the right to purchase such inventory at a price of $1.46 per unit. Purchaser shall have the right, but not the obligation to purchase any or all of the Consignment Units. In the event Purchaser does intend to purchase all or a portion of the Consignment Units, it shall issue a written notice to Seller accompanied by payment for such units (by wire transfer to Seller’s account) and Seller shall promptly transfer title to such purchased units to Purchaser. If Purchaser does not purchase any of the Consignment Units, then Purchaser shall destroy such unpurchased Consignment Units at the end of such ninety (90) day period.
Consignment Inventory. Schedule 1.10 lists all inventory held by Seller on consignment (“Consigned Inventory”). Before the Closing, Seller shall have delivered to Buyer copies of all written agreements relating to the Consigned Inventory and summarized all material terms of any oral agreement relating to the Consigned Inventory on Schedule 1.10; provided however, that Seller may redact any information revealing the identity of the owner of the Consigned Inventory. At the Closing, Buyer shall take possession of the Consigned Inventory and will, upon sale of any Consigned Inventory, make payment to the owners of the Consigned Inventory in accordance with the terms, conditions and agreements delivered to Buyer and contained on Schedule 1.10. Immediately after the confirmation of receipt of the Purchase Price at the Closing, Seller shall provide Buyer with a supplement to Schedule 1.10 which shall list the parties on whose behalf the Consigned Inventory is held and the terms and conditions relating thereto.
