Examples of Design Materials Inventory in a sentence
Expiration or termination of this Agreement under any of the foregoing provisions: (i) shall not affect the amounts due under this Agreement by either party that exist as of the date of expiration or termination; and (ii) shall cause the provisions of Section 4.6 to apply with respect to payment and shipment to Customer of finished Products, Design Materials Inventory, Inventory, and Special Inventory in existence as of such date.
Customer shall pay Flex a monthly carrying fee of one and half percent (1.5%) for all Design Materials Inventory that has been held by Flex for longer than 30 days from receipt at Flex’s facility and that is not covered by a purchase order backlog deliverable in the next thirty (30) days under a Design Statement of Work.