Current Inventories Sample Clauses

Current Inventories. 9 3.2 Identification of Manufacturer................................................. 10 3.3
Sample 1
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Current Inventories. Ownership of the current (as of the Closing Date) inventories of API for each Product (the "API Inventories") is transferring from Gilead to OSI pursuant to the Asset Purchase Agreement. However, physical possession of the API Inventories has remained with Gilead. At OSI's request, Gilead shall transfer the API Inventories or a portion thereof to OSI or a Third Party. Gilead shall use the API Inventories to manufacture the Products in accordance with this Manufacturing Agreement. To the extent requested by OSI, throughout the Term with respect to each Product, Gilead shall maintain inventories of the API for such Product in accordance with its inventory practices for its own products, subject to OSI providing sufficient quantities of the relevant APIs for Gilead to do so once Gilead is, pursuant to Section 3.4, no longer required to manufacture such API. For clarity, Gilead's projected costs to maintain API inventories for finished Product manufacture (i) for clinical supply shall be included in the applicable Work Plans and Budgets covering clinical supply responsibilities, and (ii) for commercial supply shall be included in any calculation of Gilead's projected Fully Burdened Cost to manufacture the relevant Product pursuant to Section 9.2(a). Title and risk of loss relating to all such API inventories shall remain with OSI notwithstanding Gilead's physical possession of such inventories.
Sample 1
Current Inventories. Sabine acknowledges that, effective as of the Effective Date, LNGCo has purchased from CMI and obtained title to CMI’s LNG inventory stored in the storage tanks at the Sabine Pass Terminal as of the Effective Date other than such inventory leased to Sabine. LNGCo rights and obligations with respect to such LNG shall be as provided in the Terms and Conditions, subject to the changes thereto provided in Section 3.1. Sabine agrees to provide LNGCo and CMI with a volume statement report of such LNG inventory by 5:00 p.m. Houston, Texas time on the first Business Day following the Effective Date.
Sample 1
Current Inventories. Sabine and CMI agree that, effective as of the Effective Date, LNGCo has purchased from CMI and obtained title to CMI’s LNG inventory stored in the storage tanks at the Sabine Pass Terminal as of the Effective Date other than such inventory leased to Sabine. Sabine and CMI further agree that effective as of the transfer of title to such LNG to LNGCo, CMI shall be deemed to have surrendered the rights to be surrendered by CMI under Section 3.1 for an LNGCo Scheduled Delivery Volume with respect to such LNG.
Sample 1
Current Inventories. Sabine acknowledges that on April 1, 2010 LNGCo purchased and obtained title to CMI’s LNG inventory stored in the storage tanks at the Sabine Pass Terminal as of April 1, 2010 other than such inventory leased to Sabine. LNGCo rights and obligations with respect to such LNG are as provided in the Terms and Conditions, subject to the changes thereto provided in Section 3.1.
Sample 1

Related to Current Inventories

  • Remaining Inventories Xencor shall have the right to purchase from MorphoSys (or its Affiliate) all of the inventory of Licensed Products held by MorphoSys (or its Affiliate) as of the effective date of termination at a price equal to MorphoSys’ (or its Affiliate’s) fully burdened manufacturing cost, determined in accordance with GAAP.

  • Inventories The Operator shall maintain detailed records of Controllable Material.

  • Physical Inventories (a) The Collateral Agent, at the expense of the Loan Parties, may participate in and/or observe each physical count and/or inventory of so much of the Collateral as consists of Inventory which is undertaken on behalf of the Borrowers so long as such participation does not disrupt the normal inventory schedule or process.

  • 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.

  • Physical Inventory Borrower shall conduct a physical count of the Inventory at such intervals as FINOVA requests and promptly supply FINOVA with a copy of such accounts accompanied by a report of the value (calculated at the lower of cost or market value on a first in, first out basis) of the Inventory and such additional information with respect to the Inventory as FINOVA may request from time to time.

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

  • Accounts Receivable; Inventories The accounts and notes receivable which are reflected on the Final Closing Balance Sheet are good and collectible in the ordinary course of business at the aggregate recorded amounts thereof, less the amount of the allowance for doubtful accounts reflected thereon, and are not subject to offsets. The accounts and notes receivable of the Company which were thereafter added and which will be reflected on the Final Closing Balance Sheet are good and collectible in the ordinary course of business at the aggregate amounts recorded in its books of account, less the amount of the allowance for doubtful accounts reflected thereon (which allowance was established on a basis consistent with prior practice), and are not subject to offsets. The inventories reflected on the Audited and Unaudited Balance Sheets, and thereafter added, as reflected on the Closing Date Balance Sheet, consist of items of a quality and quantity usable or saleable within one year (except as set forth on Schedule 5.7) in the ordinary course of business, except for obsolete materials, slow-moving items, materials of below standard quality and not readily marketable items, all of which have been written down to net realizable value or adequately reserved against on the books and records of the Company. To the extent there is inventory not listed on Schedule 5.7 of a quality and quantity not usable or saleable in the ordinary course of business within one year, in lieu of a claim for indemnification, Buyer shall sell and the Selling Shareholders shall purchase such items of inventory at the value carried on the Final Closing Balance Sheet. All inventories not written off are stated at the lower of cost or market.

  • 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 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.

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

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