Consigned Inventory definition

Consigned Inventory means Inventory of any Borrower that is in the possession of another Person on a consignment, sale or return, or other basis that does not constitute a final sale and acceptance of such Inventory.

Consigned Inventory means Inventory of any Credit Party that is in the possession of another Person or Inventory of a supplier that is in the possession of a Credit Party on a consignment, sale or return, or other basis that does not constitute a final sale and acceptance of such Inventory.

Consigned Inventory means Inventory of any Borrower that is in the possession of another Person on a consignment, sale or return, sale on approval, or other basis that does not constitute a final sale and acceptance of such Inventory.

Examples of Consigned Inventory in a sentence

• The Company, at its expense, may review books and records of Sales Agent as they relate to Consigned Inventory as well as to physically audit the Consigned Inventory, and Sales Agent agrees to cooperate with such review.

• The financial responsibility resulting in any discrepancies of the Consigned Inventory shall be negotiated in good faith by the parties.

• Except to the extent that such Consigned Inventory has been consigned to a hospital in accordance with Section 7.7, if any Consigned Inventory is returned damaged, then the Company, to the extent possible, will repair or refurbish the Consigned Inventory and invoice Sales Agent for the cost of said repairs and handling.

• Use of Consigned Inventory or Loan Kit Inventory by Customer shall be deemed to constitute an agreement by Customer to purchase the relevant Products in accordance with these Terms.

• Zimmer Biomet agrees, subject to these Terms, to deliver or procure the delivery of Consigned Inventory and Loan Kits to such site/s as agreed between Zimmer Biomet and the Customer in writing on the basis that all delivery costs including call out costs for urgent requests are payable by the Customer unless otherwise agreed in writing.

More Definitions of Consigned Inventory

Consigned Inventory means End-of-Life Inventory or other Inventory purchased by Nortel Networks but held by Flextronics under the terms set out in Section 8.8.

Consigned Inventory means inventory owned by Seller, stocked at Buyer’s site for Buyer’s specific use. Consigned Inventory shall include consumable and/or non-consumable, repairable and/or non-repairable Spare Parts and PM kits as Buyer site elects.

Consigned Inventory means finished goods Inventory which is stored at customers’ facilities on “consignment” as defined in the UCC.

Consigned Inventory means those goods consigned by C&B Newco, LLC to the Company pursuant to (i) that certain Consignment Agreement, dated as of March 1, 2021, between C&B Newco, LLC and the Company and (ii) that certain Amended and Restated Consignment Agreement effective as of November 23, 2022, between C&B Newco LLC and the Company.

Consigned Inventory means the goods held by the Company for sale on behalf of the Company's customers.

Consigned Inventory means finished goods Inventory (including Z orders) having a dollar value equal to the Excess Amount, which finished goods Inventory shall be retained by Seller subject to the provisions of Section 2.7. The dollar value of the Consigned Inventory shall equal the aggregate amount of the dollar value of all Products contained in such Consigned Inventory, determined by multiplying the total number of tons of each such Product by the Total Cost for such Product.

Consigned Inventory means Inventory of any Credit Party consisting of magazines which are on consignment to distributors in the ordinary course of business.