Common use of Consumption of Products Clause in Contracts

Consumption of Products. IQE plc and each Ordering Entity shall notify XXX electronically each week on Friday of releasing Products from Inventory in a mutually agreed upon format. IQE plc and each Ordering Entity will consume or release the Products held in the Inventory on a “first-in, first-out” basis according to the delivery date into the Inventory for that specific Product. XXX deliveries will be used to replenish the quantities withdrawn from this Inventory.

Consumption of Products. IQE plc and each Ordering Entity shall notify XXX AXX electronically each week on Friday of releasing Products from Inventory in a mutually agreed upon format. IQE plc and each Ordering Entity will consume or release the Products held in the Inventory on a “first-in, first-out” basis according to the delivery date into the Inventory for that specific Product. XXX AXX deliveries will be used to replenish the quantities withdrawn from this Inventory.