Product Shipment and Inventory Reconciliation Sample Clauses

Product Shipment and Inventory Reconciliation. Within ninety (90) days after Closing, Buyer will remove the Inventory (as defined below) from any non-public warehouses set forth on Schedule 5.8 which ------------ continue to be owned and/or leased by BFC and its subsidiaries. Buyer shall be responsible for any warehouse storage charges incurred by BFC with respect to the Inventory of the Business on and after the Closing Date. Where such Inventories are stored in a public warehouse, BFC will provide any necessary authorization to permit Buyer to remain or withdraw from such public warehouse. Any removal Inventories shall be transported, at Buyer's expense, to warehouse locations designated by Buyer. Buyer shall also be responsible for removing, at its sole expense and risk, all equipment and other items constituting Assets acquired by Buyer hereunder which are located at any of BFC and its subsidiaries facilities not acquired by Buyer hereunder and set forth on Schedule 5.8. Buyer shall promptly reimburse BFC for any out-of- ------------ pocket costs, fees and expenses incurred by BFC and its subsidiaries in connection with the removal of the Assets from the premises of BFC and its subsidiaries or elsewhere where such Assets may be located. For purposes of this Section 5.8, the term "Inventory" shall mean all finished products (other --------- than finished products that have been billed and are being held for customers' accounts) of the Business on the Closing Date and all work-in-process, raw materials and packaging materials used in connection therewith, principally related to the Business.
Sample 1
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Related to Product Shipment and Inventory Reconciliation

  • Inventory Records Each Loan Party keeps correct and accurate records itemizing and describing the type, quality, and quantity of its and its Subsidiaries’ Inventory and the book value thereof.

  • Inventory Reports Within 45 days after the close of each fiscal quarter of Customer, a copy of the Inventory Report (as and to the extent applicable, breaking out Inventory by location, and separately reporting any work in process) of Customer as of the end of such fiscal quarter; and

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

  • Accounts and Inventory Each Account or item of Inventory which Borrower shall, expressly or by implication, request Lender to classify as an Eligible Account or as Eligible Inventory, respectively, shall, as of the time when such request is made, conform in all respects to the requirements of such classification as set forth in the respective definitions of "Eligible Account" and "

  • Location of Equipment and Inventory All Equipment and Inventory are (i) located at the locations indicated on Schedule 4 (ii) in transit to such locations or (iii) in transit to a third party purchaser which will become obligated on a Receivable to the Debtor upon receipt. Except for Equipment and Inventory referred to in clauses (ii) and (iii) of the preceding sentence, the Debtor has exclusive possession and control of the Inventory and Equipment.

  • Equipment and Inventory With respect to any Equipment and/or Inventory of an Obligor, each such Obligor has exclusive possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or (ii) Equipment or Inventory in transit with common carriers. No Inventory of an Obligor is held by a Person other than an Obligor pursuant to consignment, sale or return, sale on approval or similar arrangement.

  • 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.

  • Accounts Receivable; Inventory (a) For each Account with respect to which Advances are requested, on the date each Advance is requested and made, such Account shall be an Eligible Account.

  • Inventory and Supplies Administrator shall order, purchase and provide to the Group on a timely basis inventory and supplies, and such other ordinary, necessary or appropriate materials which are requested by the Group and which the Group shall reasonably determine to be necessary in the operation of the Practice on the same terms commercially available to Administrator. Such inventory, supplies and other materials shall be included in Practice Expenses at their cost to Parent or Administrator, as the case may be.

  • Waiver of Inventory, Accounting and Appraisal Requirement The Trustee shall be relieved of, and each Certificateholder hereby waives, any requirement of any jurisdiction in which the Trust, or any part thereof, may be located that the Trustee file any inventory, accounting or appraisal of the Trust with any court, agency or body at any time or in any manner whatsoever.

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