Common use of Overstock Clause in Contracts

Overstock. In the event that inventory of a given Component at a given Hub is greater than the Hub Max Level for such Component in such Hub, Supplier may instruct Hub Operator to remove the amount of inventory that is greater than the Hub Max Level from such Hub and to ship such inventory pursuant to Supplier’s direction or to make such inventory available for pickup by Supplier or its authorized agent. Prior to instructing Hub Operator to remove any such inventory, Supplier shall so notify EMS Provider and the applicable Cisco Entity in writing.

Appears in 4 contracts

Samples: Master Purchase Agreement, Lean Vmi Agreement, Master Purchase Agreement (Gsi Technology Inc)

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