Partially Completed Inventory Clause Samples
Partially Completed Inventory. In the event that Fairchild elects to maintain an inventory of partially finished Devices, ownership of the partially finished Devices shall pass to Fairchild when they reach the holding point defined by the relevant process flow. Samsung shall invoice Fairchild for such Devices, but they shall be stored under clean-room conditions and remain in Samsung's processing WIP management system. Samsung shall inform Fairchild of the number and types of these Devices remaining in inventory at the end of each month. Further, the electronic records and physical inventory shall be available for inspection by Fairchild at any time. Samsung shall credit Fairchild with the amount previously invoiced for any such Devices at such time as they are restarted in the process flow.
Partially Completed Inventory. In the event that Fairchild elects to maintain an inventory of partially finished Devices, ownership of the partially finished Devices shall pass to Fairchild when they reach the holding point defined by the relevant process flow. SESS shall invoice Fairchild for such Devices, but they shall be stored under clean-room conditions and remain in SESS's processing WIP management system. SESS shall inform Fairchild of the number and types of these Devices remaining in inventory at the end of each month. Further, the electronic records and physical inventory shall be available for inspection by Fairchild at any time. SESS shall credit Fairchild with the amount previously invoiced for any such Devices at such time as they are restarted in the process flow.
Partially Completed Inventory. In the event that Samsung elects to maintain an inventory of partially finished Products, ownership of such partially finished Products shall pass to Samsung when they reach the holding point defined by the relevant process flow. Fairchild shall invoice Samsung for such Products, but they shall be stored under clean room conditions and remain in Fair▇▇▇▇▇'▇ ▇▇▇cessing WIP management system. Fairchild shall inform Samsung of the number and types of such Products remaining in inventory at the end of each month. Further, physical inventory and electronic records with respect to such Products shall be available for inspection by Samsung at any time. Fairchild shall credit Samsung with the amount previously invoiced for any such Products at such time as they are restarted in the process flow.
Partially Completed Inventory. In the event that Fairchild elects to maintain an inventory of partially finished Masks, ownership of the partially finished Masks shall pass to Fairchild when they reach the holding point defined by the relevant process flow. Samsung shall invoice Fairchild for such Masks, but they shall be stored under clean-room conditions and remain in Samsung's processing WIP management system. Samsung shall inform Fairchild of the number and types of these Masks remaining in inventory at the end of each month. Further, the electronic records and physical inventory shall be available for inspection by Fairchild at any time. Samsung shall credit Fairchild with the amount previously invoiced for any such Masks at such time as they are restarted in the process flow.