Slow Moving Inventory Sample Clauses

Slow Moving Inventory. Any product sold by BLD to TCBY and its Franchisees that falls below 70% month -to-date or year-to-date issues to receipts ration. The issues to receipts ratio is defined as Product sold divided by Product purchased by BLD.
Sample 1
AutoNDA by SimpleDocs
Slow Moving Inventory. Slow Moving Inventory shall be treated as follows: First Week of Each Month During Term of Agreement BLD and TCBY shall review Slow-Moving Inventory during the first week of every month during the term of the Agreement Notification BLD will notify TCBY of Slow Moving Inventory ("Notification").
Sample 1
Slow Moving Inventory. On the Closing Date, Seller shall consign to Buyer all Slow Moving Inventory. The Slow Moving Inventory shall remain at CD Mexico until Buyer instructs Seller to ship it into the United States. Buyer will pay the cost of shipping and insurance during shipping, but Seller shall be responsible for the exportation of the Slow Moving Inventory. Buyer will be responsible for all sales, value added, use or transfer taxes, tariffs or duties imposed by any governmental entity from either Mexico or the United States arising out of, or incurred in connection with the purchase and sale of the Slow Moving Inventory or the transportation or exportation of the Slow Moving Inventory. Upon Buyer's receipt of the Slow Moving Inventory in the United States, Buyer shall name Seller as an additional insured with respect to such Slow Moving Inventory on Buyer's insurance and provide Seller a certificate of insurance. For a period of eighteen (18) months after the Closing Date, Buyer agrees to pay Seller, according to the formula set forth below, within thirty (30) days after each quarter for each item of Slow Moving Inventory sold by Buyer to its customers or used by Buyer during such quarter. Buyer will pay Seller for all finished Slow Moving Inventory an amount equal to eighty percent (80%) of the price received from Buyer's customers or Seller's Standard Cost, whichever is less. Within thirty (30) days after each quarter, Buyer will pay Seller for all materials, parts and sub-assemblies which are Slow Moving Inventory and which are used by Buyer an amount equal to the Standard Cost. At the end of the eighteen (18) months after the Closing Date all Slow Moving Inventory which has not been sold or used by Buyer shall be owned by Buyer without charge or cost. Buyer may use the samples and shall not pay for any samples unless it sells them. Buyer will provide Seller quarterly status reports on Slow Moving Inventory. Buyer agrees to act in good-faith with respect to the timing or the sale or use of the Slow Moving Inventory, taking into account market and customer requirements.
Sample 1
Slow Moving Inventory. The MSP must provide a bi-annual slow moving inventory report to each Agency in accordance with the timeframes required by each Agency.
Sample 1

Related to Slow Moving Inventory

  • Remaining Inventories Xencor shall have the right to purchase from MorphoSys (or its Affiliate) all of the inventory of Licensed Products held by MorphoSys (or its Affiliate) as of the effective date of termination at a price equal to MorphoSys’ (or its Affiliate’s) fully burdened manufacturing cost, determined in accordance with GAAP.

  • 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.

  • Eligible Inventory As to each item of Inventory that is identified by any Borrower as Eligible Inventory in a Borrowing Base Certificate submitted to Agent, such Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than Agent-discretionary criteria) set forth in the definition of Eligible Inventory.

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

  • Location of Inventory and Equipment The Inventory and Equipment are not stored with a bailee, warehouseman, or similar party (without Foothill's prior written consent) and are located only at the locations identified on Schedule 6.12 or otherwise permitted by Section 6.12.

  • Inventory Adjustment (a) Within 30 days after the Closing Date, Sellers shall prepare and deliver to Buyer a statement (the "Closing Inventory Statement") setting forth the type and value, as of the close of business on the day immediately preceding the Closing Date, of the inventory of the Business, which statement shall be derived from a physical taking of such inventory as of such date and shall value inventory on the basis of the lower of cost or market value utilizing a first-in, first-out method in a manner consistent with Sellers' and the Companies' past practices and the standards and principles used in the preparation of the Unaudited Consolidated Statement of Net Investment Assets of the Business as of September 25, 2004 and shall otherwise be prepared in a manner consistent with Sellers' and the Companies' past practices with respect to perpetual inventory records; provided, that all amounts denominated in Canadian dollars that are part of the calculation of the value of inventory pursuant to this Section 2.05 shall be converted into U.S. dollars using the Closing Date Exchange Rate. Buyer and its representatives shall have such opportunity as Buyer reasonably deems appropriate to observe the taking and reconciliation of such inventory (which may begin prior to the Closing Date) in connection with the preparation of the Closing Inventory Statement. Buyer shall provide Sellers and their accountants, upon reasonable notice, such access to the books and records, to any other information, including working papers of Buyer's accountants, and to any employees of Buyer and its affiliates, in each case as may be reasonably necessary for Sellers to take such physical inventory, prepare the Closing Inventory Statement, respond to the Buyer's Inventory Objection (as defined in Section 2.05(b)) and prepare materials for presentation to the Arbitrator in connection with the matters contemplated by Section 2.05(c). If necessary, Buyer shall, after Closing, also provide or cause to be provided to Sellers and their designees such access as such persons may reasonably request to all facilities at which inventory of the Business is located in order to conduct such physical inventory. For the avoidance of doubt, the inventory of the Business to be valued pursuant to this Section 2.05 consists of the Inventory and all inventory of the Companies.

  • Inventories The Operator shall maintain detailed records of Controllable Material.

  • 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.

  • Returns of Inventory No Borrower shall return any Inventory to a supplier, vendor or other Person, whether for cash, credit or otherwise, unless (a) such return is in the Ordinary Course of Business; (b) no Default, Event of Default or Overadvance exists or would result therefrom; (c) Agent is promptly notified if the aggregate Value of all Inventory returned in any month exceeds $1,000,000; and (d) any payment received by a Borrower for a return is promptly remitted to Agent for application to the Obligations.

Time is Money Join Law Insider Premium to draft better contracts faster.