Inventory Repurchase. Unopened product with at least 6 months remaining before its expiration date may be returned within twelve (12) months of purchase and shall receive a 100% refund, less a 10% handling and restocking fee, conditioned upon the receipt of a Return Merchandise Authorisation (“RMA”), issued through Distributor Support, and in accordance to
Inventory Repurchase. Upon termination of this Agreement for any reason, RSM may, at its sole option, elect to purchase back from DISTRIBUTOR, and by doing so require DISTRIBUTOR to sell to RSM, any unsold inventory of Products in DISTRIBUTOR's possession or control, provided that such Products are unopened and in saleable condition, the expiration date of sterility of such Products is at least 365 days beyond the effective date of repurchase, and such products are currently marketed by RSM and not obsolete. The price to be paid by RSM for the purchase of such inventory shall be the purchase price actually paid by DISTRIBUTOR for the Products, increased by transportation and customs duties, if any, paid by DISTRIBUTOR for the transportation of the Products into the Territory. Any Products designated for return by DISTRIBUTOR (and related storage and handling records) will be inspected by RSM or an authorized representative of RSM in order to determine if the Products to be purchased by RSM fulfill the conditions mentioned above. Upon
Inventory Repurchase. (a) At Buyer’s request, if any portion of the Inventory as of the Closing Date remains unsold on the third anniversary of the Closing Date, an amount equal to the book value of such unsold Inventory (net of the inventory reserve against such Inventory reflected on the Closing Date Financial Statements) shall forthwith be paid by Shareholder to the Company.
(b) In order to effectuate the foregoing, the Company will track: (i) the part numbers (including descriptions) of each part in inventory; (ii) the inventory carrying value of each part; and (iii) the quantity on hand of each part, all as of the Closing Date (the “Starting Inventory”).
(c) For the period commencing on the day immediately following the Closing Date and ending on the third anniversary of the Closing Date, the Company shall subtract from the Starting Inventory all parts that are listed on the Starting Inventory as the Company relieves parts from inventory via either (i) an invoice reflecting a sale to a customer or (ii) a work order reflecting the part being used in the manufacture of a product. The Company shall continuously update the Starting Inventory, at all times reflecting the net quantity remaining in inventory of each part listed, and shall provide such updated Starting Inventory list to the Shareholder on an annual basis. For each part where the net quantity remaining reaches a zero balance, no further transactions need be recorded by the Company, as the Company will have used up the quantity on hand as of the Closing Date.
(d) On the third anniversary of the Closing Date, the Company will multiply the net quantity remaining, if any, of each part by the inventory value column (as of the Closing Date), less the inventory reserve (as of the Closing Date), and that product will be the dollar value of the Starting Inventory, if any, remaining after the three-year period has lapsed (the “Final Inventory”). The Company will then review the Final Inventory and remove any items the Company does not wish to sell back to Shareholder. If the Company wishes Shareholder to repurchase any of the Final Inventory (the “Net Final Inventory”), Shareholder shall have the right, upon reasonable notice to Buyer, to examine the Net Final Inventory and the related accounting records to verify the above.
(e) At Shareholder’s option, Shareholder may either (i) take ownership and possession of any Net Final Inventory repurchased by Shareholder and may take any action with respect to the Net Final Inventory...
Inventory Repurchase. Volcano Japan agrees to repurchase from Fukuda Volcano Products in Fukuda’s inventory pursuant to the terms and conditions of an Inventory Repurchase Agreement between Volcano Japan and Fukuda, of even date herewith (the “Inventory Repurchase Agreement”).
Inventory Repurchase. Metron shall prepare on or prior to June 30, 2001 a list of Microelectronics Group Products inventory that it desires to have repurchased by Entegris. Within 30 days of receipt of the list referred to in the preceding sentence, Entegris will perform an on-site inspection of such inventory and provide Metron with return instruction for that inventory that is approved for return under the terms of the existing distribution agreement between Metron and Entegris, such approval not to be unreasonably withheld. In accordance with Section 4.5 of the existing distribution agreement between Metron and Entegris, within 30 days of any transfer of inventory to Entegris, Entegris shall reimburse Metron for the purchase price paid for inventory returned in good condition to Entegris.
Inventory Repurchase. If NETGEAR cancels this Agreement without cause or if Distributor terminates this Agreement for breach of a material obligation by NETGEAR, NETGEAR shall repurchase from Distributor, at Distributor's option, all Product in Distributor's inventory on the effective date of cancellation, provided NETGEAR verifies that a) the products are in their original shipping containers and have not been altered, damaged or used, and b) the Products have been included in the appropriate monthly inventory reports submitted per Section 11. The repurchase price shall be the price actually paid by Distributor less any prior credits. Upon termination, Distributor agrees contact NETGEAR for an RMA number and to ship the repurchased Products to NETGEAR's plant, freight prepaid.
Inventory Repurchase. One hundred eighty (180) days after the Closing, at Buyer's election, Seller will repurchase any unsold or unused inventory of heavy duty silicone truck products which are sold to the aftermarket through Seller's HD representatives and which is reflected on the Closing Date Balance Sheet for a purchase price payable in cash equal to the value thereof as shown on the Closing Date Balance Sheet, against delivery of a xxxx of sale therefor from Buyer to Seller.
Inventory Repurchase. On the Closing Date, Genzyme shall repurchase from Wyeth all remaining inventory of Synvisc Products held by Wyeth at any location at a price equal to Wyeth's acquisition cost for such inventory, PROVIDED THAT (a) Genzyme shall not be obligated to purchase in excess of three months' supply of such inventory based upon average monthly requirements for sales to customers over the six (6) month period immediately preceding the Closing Date, and (b) Genzyme shall not be obligated to purchase any inventory with an expiration date less than eighteen (18) months from the Closing Date.
Inventory Repurchase. Upon the expiration or termination of this Agreement for any reason, TEI shall submit to EMI within ten (10) days a summary of the number and type of Products on order or held in stock by TEI for EMI based on EMI’S sales forecasts, including EMI Unique Inventory and TEI Products, and EMI shall purchase all EMI Unique Product inventory from TEI at TEI's Cost, plus shipping and insurance at EMI’S expense, within ten (10) days following receipt of such notice.
Inventory Repurchase. An Independent Business Owner who resigns, which resignation must be in writing, may return product or marketing materials purchased within the last six (6) months prior to resignation, or longer if required by law, that is otherwise in good condition and resalable subject to TLC’s determination. Upon compliance with all applicable requirements, a full refund, less a 10% restocking fee and shipping and handling costs will be issued by the Company. Any product that cannot be sold or is opened, used, damaged, expired, or within three (3) months of expiration, will not be eligible for a refund. Please allow for up to twenty (20) days from the time that the product is received for the refund to be processed. TLC may withhold or deduct any commissions, bonuses or other compensation earned as a result of qualifications utilizing product now being returned. Distributor Support must be contacted prior to shipping product back, so that you may obtain a Return Merchandise Authorization (“RMA”) number and properly identify the product being returned. The obtaining of an RMA does not mean that the product falls within the repurchase policy. That determination can only be made after product is received by TLC. TLC is not under any obligation to accept any returns not properly identified with an RMA number. Further, TLC is under no obligation to return any products received that do not fall under the repurchase policy.
