Inventory Upon Termination. Upon the expiration or termination of the License and the License Period for any reason whatsoever, the Licensee shall deliver to CKI within 15 business days a complete and accurate schedule of Inventory of Licensed Products (i.e., inventory constituting finished Licensed Products on hand at termination, work-in-process, a/k/a ‘‘W-I-P,’’ to be completed and received in warehouse within 3 months only) as of the close of business on the date of) such expiration or termination (the ‘‘Inventory Schedule’’). CKI thereupon shall have the option, exercisable by written notice to the Licensee within 15 days after its receipt of the Inventory Schedule, to purchase (or to have its designee purchase) any or all of the Inventory (other than Inventory required to consummate sales of Licensed Products which were firm on the date of such expiration or termination) for an amount *** In the event such notice is sent by CKI, CKI (or its designee) may collect the Inventory referred to therein within 90 days after CKI’s notice. CKI (or its designee) will pay for the Inventory upon collection. In the event such notice is not sent, the Licensee may dispose of the Licensed Products during any Disposal Period pursuant to § 8.5; provided, however, that such disposition shall continue to be subject to the Licensee’s obligations hereunder, including, without limitation, with respect to the payment of fees and the approval of customers and advertising. At the end of the Disposal Period, or if none, upon such termination, any Licensed Products remaining in the Licensee’s possession or control, including, without limitation, in any stores of the Licensee, shall, at the request of CKI, be destroyed. To the extent the Licensee completely removes the Licensed Mark xxxm the Licensed Products, and all Labels attached to such Licensed Products, and such Licensed Products are not recognizable as a Licensed Product and cannot be distinguished from similar generic products generally available in the marketplace, such Products shall no longer be Licensed Products. CKI shall have the right at any time, and at its expense, to conduct a physical inventory of the Licensed Products then in the Licensee’s possession or control.
Inventory Upon Termination. If this Agreement is terminated (i) by the Distributor following a breach by the Company or (ii) by the Company without cause, at the Distributor’s option the Company will promptly repurchase from the Distributor all Product in its possession or control, at the List Price paid by the Distributor, [***].
Inventory Upon Termination a. Ten (10) days after a notice of termination is given or the happening of an event that automatically terminates this Agreement where no notice is required, Licensee shall furnish to Nabisco a statement certified by the president or chief financial officer of Licensee to be true and correct showing the number and description of Products on hand, held for Licensee in inventory or otherwise, or in process.
Inventory Upon Termination. Within twenty (20) days of the termination of this Agreement for any reason whatsoever, Licensee shall deliver to Licensor an Inventory Schedule. The Inventory Schedule shall be prepared as of the close of business on the date of such termination and shall reflect direct cost of each such item (not including overhead or any general or administrative expenses). Licensor thereupon shall have the option, exercisable by notice in writing delivered to Licensee within thirty (30) days after its receipt of the complete Inventory Schedule, to purchase any or all of the Inventory for an amount equal to the Licensee's standard cost (the actual manufacturing cost). In the event such notice is sent by Licensor, Licensor may collect the Inventory referred to therein within ninety (90) days after Licensor's said notice. Licensor will pay such Licensee for such Inventory upon such collection. In the event such notice is not sent, Licensee may dispose of the Licensed Products within ninety (90) days of the date of termination; provided, however, that any advertising used during such period shall be subject to Licensor's prior written approval and such disposition of the Licensed Products shall be subject to Licensee's obligations hereunder, including, but not limited to payments to be made to Licensor. At the end of such ninety (90) day period, any Licensed Products remaining in Licensee's possession shall, at the request of Licensor, be destroyed.
Inventory Upon Termination. Not less than thirty (30) days prior to the expiration of this Agreement or immediately upon termination thereof, SUBLICENSEE shall provide SUBLICENSOR with a statement indicating the number and description of Licensed Products bearing the Trademark which SUBLICENSEE had on hand or was in the process of manufacturing or having manufactured as of the date of the expiration or termination (the "Inventory"). SUBLICENSOR shall have the option, at SUBLICENSOR'S own cost, of conducting a physical inventory in order to ascertain or verify such Inventory. In the event that the SUBLICENSEE refuses to permit the SUBLICENSOR to conduct such physical inventory, the SUBLICENSEE shall forfeit its rights hereunder to dispose of such inventory.
Inventory Upon Termination. 37 9.7. Post-Termination Transition and Freedom to License...........................37 9.8. Equitable Relief.............................................................38 9.9.
Inventory Upon Termination. Upon the termination of this Agreement for any reason whatsoever, Licensee shall immediately deliver to Licensor an Inventory Schedule. The Inventory Schedule shall be prepared as of the close of business on the date of such termination and shall reflect the landed, duty paid cost of each such item, as accounted for in Licensee's books according to GAAP. Notwithstanding the other provisions of this Article 9, Licensor thereupon shall have the option exercisable by notice in writing delivered to Licensee within thirty (30) calendar days after its receipt of the complete Inventory Schedule, to purchase any or all of the Inventory for which the Licensee does not have orders for an amount equal to the landed, duty paid cost. If Licensor sends such notice to Licensee, Licensor may collect and pay for the Products within thirty (30) calendar days. At the end of such period, any Licensed Products remaining in Licensee's possession shall be destroyed or disposed of in a fashion approved in writing by Licensee.
Inventory Upon Termination a. Ten (10) days after a notice of termination is given or the happening of an event that automatically terminates this Agreement where no notice is required, Licensee shall furnish to Pillsbury an audited statement certified by the president or chief financial officer of Licensee to be true and correct showing the number and description of Products on hand, held for Licensee in inventory or otherwise, or in process.
Inventory Upon Termination. No more than thirty (30) days after Termination of this Agreement, LICENSEE shall provide LICENSOR with a statement indicating the number and description of Licensed Products bearing the Marks which LICENSEE had on hand or was in the process of manufacturing or having manufactured as of the date of the expiration or termination (the “Inventory”). The LICENSOR shall have the option, at LICENSOR’s own cost, of conducting a physical inventory in order to ascertain or verify such Inventory. In the event that the LICENSEE refuses to permit the LICENSOR to conduct such physical inventory, the LICENSEE shall forfeit its rights hereunder to dispose of such inventory.
Inventory Upon Termination. With respect to any Products that are available through a Distributor, upon termination or expiration of this Agreement, Vendor agrees that it will, within thirty (30) days following termination or expiration, purchase from the Distributor the Products remaining in Distributor’s inventory as of the effective date of termination or expiration, provided such inventory is new in its original box and the date of shipment to Distributor is less than 90 days before the effective date of termination or expiration. Such remaining product shall be shipped back to Vendor at Distributor’s expense.
