STOCK INVENTORY Sample Clauses

STOCK INVENTORY. Buyer has procured a certain amount of wafer and die stock for the sole and exclusive purpose of having Supplies manufactured for Buyer. Seller shall continue to store this wafer and die stock inventory on Buyer's behalf in an environmentally proper and physically safe manner as it has been stored and maintained prior to the date of this Agreement at no charge to Buyer and shall use this inventory solely to fulfill Buyer's purchasing requirements as they arise. Buyer shall retain title and risk of loss in the wafer and die stock; provided, however, that Seller shall be liable to Buyer for loss of or damage to such inventory caused by the negligence or willful misconduct of the Seller or its employees, agents or invitees, provided that Buyer actually suffers damages as a result thereof. Seller shall also maintain all Gate Array and Linear data base files and GDS-2 mask files currently being held by Seller on Buyer's behalf.
Sample 1
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STOCK INVENTORY 
Sample 1

Related to STOCK INVENTORY

  • 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.

  • Merchantable Inventory All Inventory is in all material respects of good and marketable quality, free from all material defects.

  • 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.

  • Physical Inventory The Contractor shall periodically perform, record, and disclose physical inventory results. A final physical inventory shall be performed upon contract completion or termination. The Property Administrator may waive this final inventory requirement, depending on the circumstances (e.g., overall reliability of the Contractor’s system or the property is to be transferred to a follow-on contract).

  • Inventory and Equipment On the date hereof, the Inventory and the Equipment (other than mobile goods) are kept at the locations listed on Schedule 5.

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

  • Physical Inventories (a) The Collateral Agent, at the expense of the Loan Parties, may participate in and/or observe each physical count and/or inventory of so much of the Collateral as consists of Inventory which is undertaken on behalf of the Borrowers so long as such participation does not disrupt the normal inventory schedule or process.

  • Sale of Inventory Purchaser shall purchase (or shall cause its Affiliates to purchase) the Inventory in separate transactions in accordance with the terms and conditions contained in the Supply Agreement. It is agreed and understood by and between the Parties that the Purchase Price does not include the Inventory.

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

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