Grace Period for Existing Inventory of Products Sample Clauses

Grace Period for Existing Inventory of Products. The injunctive requirements of Section 2 shall not apply to Product that is already in the stream of commerce as of the Effective Date, which Product is expressly subject to the releases provided in Section 4.1.
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Grace Period for Existing Inventory of Products. After receiving the Notice, Coda represents it repackaged its current inventory and implemented a health hazard warning for the Products under its control. Xxxxxx agrees that, until it exhausts its current inventory of Products and/or Product packaging, Coda may continue to sell and offer for sale in California those Products that contain the following warning statement: “
Grace Period for Existing Inventory of Products. Notwithstanding anything else in this Settlement Agreement, the injunctive relief requirements of Section 2 shall not apply to any Product that is already in the stream of commerce as of the Effective Date. Such Products shall be subject to release of liability pursuant to this Settlement Agreement, without regard to when such Products were, or are in the future, sold to consumers in California. As a result, the obligation of Glad Lash, or any Glad Lash Releasees (if applicable), do not apply to these Products and are expressly subject to the releases provided in Section 4.1.

Related to Grace Period for Existing Inventory of Products

  • Inventories All of the Assets constituting inventory are owned or used by Company, are in good, current, standard and merchantable condition and are not obsolete or defective.

  • 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.

  • CURRENT INVENTORY OF QUALIFIED PROPERTY In addition to the requirements of Section 10.2 of this Agreement, if there is a material change in the Qualified Property described in EXHIBIT 4, then within 60 days from the date commercial operation begins, the Applicant shall provide to the District, the Comptroller, the Appraisal District or the State Auditor’s Office a specific and detailed description of the tangible personal property, buildings, and/or permanent, nonremovable building components (including any affixed to or incorporated into real property) on the Land to which the value limitation applies including maps or surveys of sufficient detail and description to locate all such described property on the Land.

  • New Products You agree to comply with NASD Notice to Members 5-26 recommending best practices for reviewing new products.

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