Inventory Maintenance. DISTRIBUTOR shall maintain an adequate stock of Products. DISTRIBUTOR shall use its best efforts to keep such stock in good condition and free from damage or contamination which might detract from the appearance or performance of Products. DISTRIBUTOR shall keep such stock available for ready supply to Customers. The conditions of stock operation shall be discussed and mutually agreed by both parties. DISTRIBUTOR will use its best efforts to maintain its inventory of Products current by shipping Products to Customer on a “First-In/First Out” (FIFO) basis whenever possible.
Appears in 6 contracts
Samples: Distributor Agreement, Distributor Agreement, International Distribution Agreement (GCT Semiconductor Inc)
Inventory Maintenance. DISTRIBUTOR shall maintain an adequate stock of Products. DISTRIBUTOR shall use its best efforts to keep such stock in good condition and free from damage or contamination which might detract from the appearance or performance of Products. DISTRIBUTOR shall keep such stock available for ready supply to Customers. The conditions of stock operation shall be discussed and mutually agreed by both parties. DISTRIBUTOR will use its best efforts to maintain its inventory of Products current by shipping Products to Customer on a “First-In/First Out” (FIFO) basis whenever possible.. *** CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION
Appears in 1 contract
Samples: International Distribution Agreement
