Aged Inventory definition

Aged Inventory means any Inventory and Special Inventory for which there has been zero or insignificant consumption for such Inventory over the past [***], which includes any particular item that Flextronics has had on hand for more than [***].

Aged Inventory means any Inventory and/or Special Inventory for which there has been zero or insignificant consumption for such Inventory and/or Special Inventory during the prior 180 days.

Aged Inventory means either of any Product, partially completed Product, Inventory or Special Inventory, or some or all, for which there has been zero or insignificant consumption over the past six (6) months, which includes any particular item that Flex has had on hand for more than six (6) months.

Examples of Aged Inventory in a sentence

• If Customer fails to make on-time payment for Aged Inventory as required by this provision, Customer shall be liable for continuing additional such carrying cost fees for such Aged Inventory accruing on a weekly basis until Customer makes a complete payment for the Aged Inventory.

• For any Aged Inventory that is not purchased by Customer, Customer shall pay Flex a carrying cost fee equal to the value of the Aged Inventory times the Monthly Charges.

• After validation, which shall not exceed 14 days from the date of such report, Customer shall purchase the Aged Inventory at a price equal to (as applicable) the price from the Fee List for any finished Products, the cost for any partially completed Products, or Standard Cost plus MOC for any other Aged Inventory.

• Customer’s failure to object to Flex’s Aged Inventory report (or failure to deny its responsibility for such inventory) constitutes Customer’s acceptance of Flex’s Aged Inventory report.

• Prior to invoicing Customer for the amounts due pursuant to Sections 5.1, 5.2, and this Section 5.3 (other than the carrying charges for Excess Inventory), Flex shall use commercially reasonable efforts for a period not to exceed 14 days from the date of any such reports, to return for refund unused Materials from Excess, Obsolete, Aged Inventory and Special Inventory, to cancel pending orders for such inventory, and to otherwise mitigate the amounts payable by Customer.

More Definitions of Aged Inventory

Aged Inventory means any Inventory (other than Replenishment Inventory, Ongoing Inventory or any Piece Goods Inventory) more than six (6) months old and subject of a Customer Order as of any date of determination.

Aged Inventory means any Inventory and/or Special Inventory for which there has been zero or insignificant consumption

Aged Inventory means any items of inventory that were purchased by the Target Company prior to 1 August 2017, the quantum of which was agreed between the parties to the IPA.

Aged Inventory is defined as any Necessary or Customized Materials more than * old from the SYNNEX receiving date. This Aged Inventory shall be paid in accordance with the * rolling cash deposits to SYNNEX as set forth in Exhibit B (rev 2). The * rolling cash deposits for Aged Inventory shall commence as of *.

Aged Inventory is defined as any Necessary or Customized Materials more than * old from the SYNNEX receiving date. VA Linux shall reimburse SYNNEX as a prepayment for any * Aged Inventory in accordance with Section 2.2.1(ii) or Section 2.2.1(iii), as applicable, and by no later than *. SYNNEX shall pay VA Linux the reselling price of Necessary Materials (prepaid in full by VA Linux) within * after such resale. This prepayment for * Aged Inventory shall commence as of *.

Aged Inventory means any Inventory that Supplier has had on its books for more than [***].

Aged Inventory means non-jewelry Inventory for sale designated by Buyer and Seller to have been in Seller's inventory for a period greater than 180 days prior to the Cash Closing date, and jewelry Inventory for sale designated by Buyer and Seller to have been in Seller's inventory for a period of greater than 360 days prior to the Cash Closing date.