Procedure for Stock Rotations Sample Clauses

Procedure for Stock Rotations. At regular six-month intervals, Altera will accept a Stock Rotation return from Distributor for the purpose of clearing Distributor's inventory of Product that in Distributor's good faith judgment is unlikely to be sold. Under this provision, Distributor may return to Altera Product valued at up to 5% of Altera's net billxxxx to Distributor for the six months prior to the Stock Rotation. As a precondition for accepting a Stock Rotation, Altera may require that Distributor take delivery from Altera of Product of value equal to or less than the value of the Product returned.
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Procedure for Stock Rotations. Each Altera fiscal semi-annual (i.e. six-month) period, Altera will accept one (1) Stock Rotation return from Distributor for the purpose of clearing Distributor's inventory of Product that in Distributor's reasonable judgment is unlikely to be sold. If Distributor does not initiate a Stock Rotation return before the end of the applicable Altera fiscal semi-annual period, that period's allowance will be forfeited. Under this provision, Distributor may return to Altera Product valued at up to five percent (5%) of Altera's net bxxxxxxx to Distributor for the Altera fiscal semi-annual period prior to the Stock Rotation. A portion of such approved stock rotation total dollar level, not to exceed five percent (5%) thereof, may be eligible to be scrapped under the Altera scrap policies. As a precondition for accepting a Stock Rotation, Altera may require that Distributor take delivery from Altera of Product of value equal to or less than the value of the Product returned.
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Related to Procedure for Stock Rotations

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