Special Inventory Clause Samples
The Special Inventory clause defines the treatment and management of inventory that is designated as unique or separate from regular stock, often due to specific contractual requirements or customer needs. This clause typically outlines how such inventory is identified, stored, and tracked, and may specify responsibilities for costs, insurance, or risk of loss associated with these items. Its core practical function is to ensure that both parties clearly understand how special inventory is handled, thereby preventing disputes over ownership, responsibility, or availability of these goods.
POPULAR SAMPLE Copied 1 times
Special Inventory. Subject to JDSU’s rights under Section 2.4.3, JDSU authorizes Supplier to purchase certain components, materials and supplies for the manufacturing of Products:
(i) With Lead Times exceeding the period covered by the accepted Purchase Orders or Releases for the Products in quantities exceeding that required to fulfill accepted Purchase Orders and Releases but only to the extent necessary to ensure Supplier is able to deliver quantities of Products (including upside quantities) forecasted in JDSU’s Rolling Forecast as of the applicable Lead Time of such components, materials and supplies (Long Lead Time Components) provided all such Long Lead Time Components are identified and their purchase lead times specified in writing as part of the Product Schedule; and Supplier has obtained JDSU’s prior written agreement executed by an authorized JDSU representative;
(ii) In quantities exceeding the required quantity to fulfill accepted Purchase Orders and Releases provided such excess quantities were purchased to achieve price targets for such components, materials and supplies (Economic Order Inventory);
(iii) In quantities exceeding the required quantity to fulfill accepted Purchase Orders and Releases provided such excess quantities were purchased as a result of minimum lot sizes available from manufacturers (Minimum Order Inventory); and
(iv) In quantities exceeding the required quantity to fulfill accepted Purchase Orders and Releases provided such materials are non-cancelable and non-returnable from third party vendors (NCNR Inventory). Long Lead Time Components, Economic Order Inventory, Minimum Order Inventory, and NCNR Inventory are collectively designated herein as Special Inventory. Each Product Schedule shall document any applicable Long Lead Time Components and/or NCNR Inventory. Written requests and authorizations to purchase Economic Order Inventory and Minimum Order Inventory shall be provided by JDSU to Supplier on a quarterly basis or shorter timeframe at JDSU’s discretion. Notwithstanding the above, JDSU shall not be responsible for any costs, charges or liability Special Inventory (in the case of Long Lead Time Components) outside the documented Lead-Time, or unauthorized procurement of Long Lead Time Components, Economic Order Inventory, Minimum Order Inventory, or NCNR Inventory.
Special Inventory. EXCLUSION OF ASSETS 3.1 Contracts......................................... 4 3.2 Current Assets.................................... 5 3.3
Special Inventory. Subject to the conditions below, Flextronics ----------------- may purchase, in amounts beyond the amount necessary to fill accepted purchase --- orders, the components, materials, and supplies: (i) which require greater than ninety (90) days from the time they are ordered to the time they are delivered to Flextronics ("Long Lead Time Components") plus 30 days to account for the order, shipment, receipt and manufacturing and, (ii) purchased in quantities above the currently required amount in order to achieve price targets ("Economic Order Inventory"), and (iii) purchased in excess of current requirements because of minimum lot sizes available from manufacturers *** Confidential treatment requested ("Minimum Order Inventory"). Collectively, these components, materials, and supplies are termed "Special Inventory".
(1) Flextronics may purchase Long Lead-Time Components sufficient to meet requirements for the Purchase Orders and Forecast in effect at the time Flextronics places an order with its supplier.
(2) Flextronics may reasonably purchase Minimum Order Inventory as required by its suppliers' minimum order requirements.
(3) Flextronics may purchase Economic Order Inventory only upon the prior approval of TheraSense.
(4) Flextronics will, from time to time, hold Long Lead-Time Components and finished goods in inventory to increase TheraSense's production flexibility. The components and quantities of all such inventory will be mutually agreed to in writing by the parties prior to Flextronics placing such items into inventory.
(5) TheraSense will be responsible for all non-cancelable/non- returnable materials as procured on TheraSense's behalf to support Purchase Orders and Forecasts subject to Section 4.2.
(6) TheraSense will be responsible for all Inventory and Special Inventory purchased by Flextronics under this Section but subject to the conditions provided elsewhere in this Agreement.
Special Inventory. Subject to the conditions below, Facet may ----------------- purchase, in amounts beyond the amount necessary to fill accepted Purchase Orders, the components, materials, and supplies: (i) which require greater than ninety (90) days from the time they are ordered to the time they are delivered to Facet ("Long Lead Time Components") plus thirty (30) days to account for the order, shipment, receipt and manufacturing and, (ii) purchased in quantities above the currently required amount in order to achieve price targets ("Economic Order Inventory"), and (iii) purchased in excess of current requirements because of minimum lot sizes available from manufacturers ("Minimum Order Inventory"). Collectively, these components, materials, and supplies are termed "Special Inventory." *** Confidential Treatment Requested
Special Inventory. 5.9.1 Subject to Hypercom’s rights under Section 5.6 and Venture’s duties hereunder, Hypercom authorizes Venture to purchase certain components, materials and supplies (“Components”) for the manufacturing of Products. Long Lead Time Components, Economic Order Inventory, Minimum Order Inventory, Initial Inventory, and NCNR Inventory are collectively designated herein as “Special Inventory”. All Special Inventory Components shall be identified and specified in writing initially as part of the Product Schedule and subsequently in updates together with quarterly Pricing.
5.9.2 Special Inventory on Venture’s premises for more than [****] is subject to a [****]% per month inventory carrying cost. Special Inventory on Venture’s premises more than [****] will be purchased, or subject to the payment by Hypercom to Venture of carrying charges equal to [****]% per month, at Hypercom’s option. Written requests and authorizations to purchase Economic Order Inventory and Minimum Order Inventory shall be provided in writing by Hypercom to Venture. Venture will invoice Hypercom on a [****] basis for any amounts due, and Hypercom shall pay such amounts within [****] Calendar Days after receipt of invoice. Notwithstanding any other provision in this Section 5.9, Hypercom shall not be responsible for unauthorized procurement of any Special Inventory.
Special Inventory. Purchaser agrees to purchase from Seller, in addition to the Assets, on or before the Closing Date, not less than $500,000 worth of the Special Inventory from that listed on Appendix D.
Special Inventory. Subject to the conditions below, Facet may ----------------- purchase, in amounts beyond the amount necessary to fill accepted Purchase Orders, the components, materials, and supplies: (i) which require greater than [***] from the time they are ordered to the time they are delivered to Facet ("Long Lead Time Components") plus [***] to account for the order, shipment, receipt and manufacturing and, (ii) purchased in quantities above the currently required amount in order to achieve price targets ("Economic Order Inventory"), and (iii) purchased in excess of current requirements because of minimum lot sizes available from manufacturers ("Minimum Order Inventory"). Collectively, these components, materials, and supplies are termed "Special Inventory." *** Confidential Treatment Requested
Special Inventory. 10 Subsidiary..............................................................11
Special Inventory. Provider may use Special Inventory Components in Products only upon prior written approval by Company. Special Inventory Components ordered without Company’s prior written approval are the sole responsibility of the Provider. Provider shall document all Special Inventory Components used in any Products and Provider shall submit such documentation to Company on a monthly basis, or as agreed to by Parties, and shall be included in the quarterly pricing reviews using a form agreed upon by the Parties, containing the minimum information requirements set forth in Exhibit C.