Inventory Turns Sample Clauses

Inventory Turns. The agreed Inventory Turns is [***] ([***]). If any calendar quarter’s Inventory Turns falls below the agreed rate, then Manufacturer shall provide written notice of such to Hyperfine. Thereafter, the Parties shall mutually agree in writing to prepayment against Total Inventory and/or to those contract amendments and/or modifications required to meet the agreed Inventory Turns in the most recent calendar quarter as well as the next calendar quarter. Such contract amendments and/or modifications may include adjustments to Product pricing, materials inventory handling, buffer, flexibility, availability, and other provision modification(s) or any combination thereof designed to meet Inventory Turns. Notwithstanding anything to the contrary in this Agreement, failure to achieve Inventory Turns in the most recent or next calendar quarter following such written notice shall constitute a material breach by Hyperfine of this Agreement. “Inventory Turns” shall refer to the minimum inventory turns rate, calculated by dividing Manufacturer facility total annualized “Product Revenue” (product invoices issued by a Manufacturer facility to Hyperfine under this Agreement within the measurement period) by the “Total Inventory” (all Authorized Purchases plus work in process and finished goods per Orders at the end of the measurement period). For example, if the measurement period is one calendar quarter, the current quarter-end Product Revenue is $[***] and Total Inventory is $[***], then ($[***] x [***]qtrs)/$ [***] = [***] Inventory Turns.
Sample 1
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Inventory Turns. Section 7.5 of the Agreement is hereby deleted in its entirety.
Sample 1
Inventory Turns. Product Description Current Material Cost Current Month Delivery M-1 Delivery M-2 Delivery FG INV Last Day Current Month FG INV Last Day M-2 Current Month Delivered Material($) M-1 Delivered Material($) M-2 Delivered Material($) FG INV Last Day Current Month($) FG INV Last Day M-2($) TTL 3 Month Delivered Material($) 5. FMA and REPAIR INTERVAL Customer Product Name Return Qty FMA Closed within target Repair Closed within target FMA Index Repair Index Repair & FMA Index Comments
Sample 1
Inventory Turns. The Parties acknowledge and agree that the purchase price for Consigned Inventory sold to Kmart is based on Kmart achieving a certain number of inventory turns each Contract Quarter (expressed as an annualized figure) (the "Inventory Turns Target"). In the event that Kmart achieves inventory turns of at least [***], Cardinal's sole remedy is the [***] defined below. The Inventory Turns Target will increase from [***] in accordance with the following schedule: ------------------------------------------------------------- CONTRACT QUARTER INVENTORY TURNS TARGET ------------------------------------------------------------- First Contract Quarter [***] ------------------------------------------------------------- Second Contract Quarter [***] ------------------------------------------------------------- Third Contract Quarter [***] ------------------------------------------------------------- Fourth Contract Quarter [***] ------------------------------------------------------------- Each Contract Quarter thereafter [***] ------------------------------------------------------------- Kmart may elect to implement a central inventory management program (the "Inventory Management System") to manage the ordering process for the Consigned Inventory for the Stores. On and after the Effective Date, if Kmart elects to implement the Inventory Management System, each Party will bear its own costs to implement and use the Inventory Management System. If Kmart elects to implement Cardinal's central inventory management system to interface with Kmart's existing PDX inventory capabilities, Cardinal will bear the initial cost of implementation (including only the software license fee and PDX's consulting services to implement the software, but excluding training) up to $[***]. This payment, if made, is a "discount or other reduction in price" as such term is used under section 1128(B)(3)(A) of the Social Security Act, 42 U.S.C. 1320a-7b(b)(3)(a). Kmart will disclose such payment and any other "discounts or other reductions in price" received by Kmart from Cardinal under any state or federal program which provides cost or charge-based reimbursement to Kmart for the Merchandise purchased by Kmart from Cardinal or as otherwise requested by a government agency. Kmart will use its best efforts to minimize all such costs to Cardinal, including but not limited to, negotiating a software license fee and consulting fees reasonably acceptable to Cardinal. If Kmart elects to implement th...
Sample 1

Related to Inventory Turns

  • 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.

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

  • 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.

  • Accounts Receivable; Inventory (a) For each Account with respect to which Advances are requested, on the date each Advance is requested and made, such Account shall be an Eligible Account.

  • Inventory Reports Within 45 days after the close of each fiscal quarter of Customer, a copy of the Inventory Report (as and to the extent applicable, breaking out Inventory by location, and separately reporting any work in process) of Customer as of the end of such fiscal quarter; and

  • Eligible Inventory As to each item of Inventory that is identified by any Borrower as Eligible Inventory in a Borrowing Base Certificate submitted to Agent, such Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than Agent-discretionary criteria) set forth in the definition of Eligible Inventory.

  • Inventory and Equipment On the date hereof, the Inventory and the Equipment (other than mobile goods) are kept at the locations listed on Schedule 5.

  • Inventory Management Marketer will be responsible for monitoring future ethanol stock levels projected for Owner's plant to facilitate the marketing program established by Marketer.

  • Inventory; Returns Keep all Inventory in good and marketable condition, free from material defects. Returns and allowances between Borrower and its Account Debtors shall follow Borrower’s customary practices as they exist at the Effective Date. Borrower must promptly notify Bank of all returns, recoveries, disputes and claims that involve more than One Hundred Thousand Dollars ($100,000).

  • Inventory Adjustment (a) No more than three (3) days prior to Closing, a physical count of all saleable inventory, raw materials, castings, grates and other ancillary products included in the Seller Assets (the “Closing Inventory”) shall be carried out at the Designated Plants by representatives of each of the Seller and the Purchaser, which physical count shall be carried out in a manner mutually agreed upon by the parties. For the purposes of this Section 3.1(a), “saleable” inventory shall mean (i) finished goods, which are of first quality and saleable in the ordinary course without discount, and (ii) all raw materials, castings, grates and other ancillary products that are useable in the production of pipe and precast products or otherwise suitable for resale, unless obsolete, damaged or cosmetically impaired. The representatives of each of the Purchaser and the Seller shall attempt, in good faith, to resolve any disputes which may arise during the physical count of the inventory. Upon completion of the physical count of the inventory, the representatives of each of the Seller and the Purchaser shall agree upon and execute a statement setting forth either (i) the final physical count of the inventory in the event that the representatives agree on such final physical count or (ii) the final physical count of the inventory of each of the Seller and the Purchaser in the event that the representatives were unable to resolve in good faith any disputes during the physical inventory count, noting such items of dispute (the “Disputed Seller Inventory Items”) therein. The value of Closing Inventory shall be determined in accordance with the Inventory Methodology. In the event that there are any Disputed Seller Inventory Items, such Disputed Seller Inventory Items shall be resolved following the Closing pursuant to the dispute resolution procedures set forth in Section 3.2 and the final physical count agreed to by the parties or resolved pursuant to Section 3.2 shall be final and binding on the parties, including for purposes of determining the Closing Inventory. (b) No later than 90 days after the Closing Date (or if such day is not a Business Day, the next Business Day), the Purchaser shall deliver to the Seller a certificate executed by the

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