Limited Right to Sell Inventory Sample Clauses

Limited Right to Sell Inventory. Upon the termination of this Agreement XXXX shall have the right to sell and distribute its remaining inventory of Licensed Products and XXXX Merchandise and/or complete and distribute its work in process of Licensed Products and XXXX Merchandise which existed as of the date of termination for a period of 90 days. XXXX, however, shall not manufacture or produce any more Licensed Products or XXXX Merchandise except for work in process that existed before the termination date.
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Limited Right to Sell Inventory. Upon termination of the Licenses pursuant to Section 9.4(a), Murata shall have the limited right to sell and distribute its remaining inventory of Licensed Products and/or complete and distribute its works in progress of Licensed Products which existed as of the date of expiration for a period of one hundred eighty (180) days following the date of termination, provided that (a) a detailed schedule of the inventory and work in process remaining on the effective date of termination and its location is provided to Resonant within thirty (30) days after the date of termination, and (b) no defective or unapproved Licensed Products are sold. Murata, however, shall not manufacture or produce any more Licensed Products corresponding to the terminated License(s), except for works in progress that existed prior to the expiration or termination date.
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Related to Limited Right to Sell Inventory

  • Physical Inventory The Contractor shall periodically perform, record, and disclose physical inventory results. A final physical inventory shall be performed upon contract completion or termination. The Property Administrator may waive this final inventory requirement, depending on the circumstances (e.g., overall reliability of the Contractor’s system or the property is to be transferred to a follow-on contract).

  • Physical Inventories (a) The Collateral Agent, at the expense of the Loan Parties, may participate in and/or observe each physical count and/or inventory of so much of the Collateral as consists of Inventory which is undertaken on behalf of the Borrowers so long as such participation does not disrupt the normal inventory schedule or process.

  • 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.

  • Merchantable Inventory All Inventory is in all material respects of good and marketable quality, free from all material defects.

  • Sale of Inventory Purchaser shall purchase (or shall cause its Affiliates to purchase) the Inventory in separate transactions in accordance with the terms and conditions contained in the Supply Agreement. It is agreed and understood by and between the Parties that the Purchase Price does not include the Inventory.

  • Personal Property Collateral The Administrative Agent shall have received, in form and substance satisfactory to the Administrative Agent:

  • 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.

  • Returned Inventory If an Account Debtor has an authorized return and returns any Inventory covered by such return to such Grantor when no Event of Default exists, then such Grantor shall promptly determine the reason for such return and shall issue a credit memorandum to the Account Debtor in the appropriate amount. Such Grantor shall deliver a monthly report to the Administrative Agent setting forth all such returns involving an amount in excess of $10,000,000. Each such report shall indicate the reasons for the returns and the locations and condition of the returned Inventory. In the event any Account Debtor returns Inventory to such Grantor when an Event of Default exists, such Grantor, upon the request of the Administrative Agent, shall: (i) hold the returned Inventory in trust for the Administrative Agent; (ii) dispose of the returned Inventory solely according to the Administrative Agent’s written instructions; and (iii) not issue any credits or allowances with respect thereto in an amount exceeding $500,000 in the aggregate during any Fiscal Month without the Administrative Agent’s prior written consent. All returned Inventory shall be subject to the Administrative Agent’s Liens thereon. Whenever any Inventory is returned, the related Account shall be deemed ineligible to the extent of the amount owing by the Account Debtor with respect to such returned Inventory and such returned Inventory shall not be Eligible Inventory unless such Inventory constitutes Third Party Logistics Goods.

  • As to Equipment and Inventory The Grantor hereby agrees that it shall

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