Excess Inventory definition

Excess Inventory means all Inventory and Special Inventory possessed or owned by Flextronics that is not required for consumption to satisfy the next [***] of demand for Products under the then-current purchase order(s) and forecast.

Excess Inventory means either of any Product, partially completed Product, Inventory or Special Inventory, or some or both, owned by Flextronics that is not required for consumption to satisfy the next [***] of demand for Products under the then current purchase order(s) and Forecast.

Excess Inventory means materials and components in Jabil inventory that are in excess of current Company demand that were reasonably purchased or are reasonably on non-cancelable, nonreturnable order by Jabil based on a Build Schedule Forecast, Build Schedule, or other written instruction by Company to Jabil, that exceed the next [***] days of Company’s Build Schedule Forecast, Build Schedule, and any other written instruction by Company to Jabil. Inventory becomes “Excess Inventory” when total inventory turns fall below [***] turns.

Examples of Excess Inventory in a sentence

• Customer shall pay Flex a carrying cost fee equal to the value of the Excess Inventory times the Monthly Charges.

• Prior to invoicing Customer for the amounts due pursuant to Sections 6.1, 6.2, and this Section 6.3 (other than the carrying charges for Excess Inventory), Flex shall use commercially reasonable efforts for a period not to exceed fourteen (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.

• Customer shall purchase Excess Inventory that has been Excess Inventory for at least three (3) months, as identified by Flex in each monthly report, 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 Excess Inventory.

• Such Excess Inventory reports shall normally be deemed agreed to by Customer, unless Customer provides a written objection within fourteen (14) days of the end of the corresponding calendar month.

More Definitions of Excess Inventory

Excess Inventory has the meaning set forth in Section 2.1(n).

Excess Inventory has the meaning given in Clause 7.7.10;

Excess Inventory means that the aggregate quantity of LNG and Regasified LNG stored or present at the Terminal (in m3, MMBtu and kWh), exclusive of the Minimum Inventory, in the Terminal equals the working LNG storage capacity of the Terminal at a time when an LNG Vessel is at the berth at the conclusion of its Scheduled Arrival Window and has not been fully unloaded.

Excess Inventory is defined as Materials on hand balance in excess of 180 days anticipated demand, is subject to the following:

Excess Inventory means Advertising Inventory allocated to CIM or LWP as described in SECTION 4.3.2 ADVERTISING INVENTORY SPLITS (i) that such party is unable to sell prior to the day before the date on which such Advertising Inventory is first scheduled to run or (ii) upon declaration or designation by the party to which such Advertising Inventory was originally allocated pursuant to SECTION 4.3.2 ADVERTISING INVENTORY SPLITS.

Excess Inventory has the meaning set out in Article 13;

Excess Inventory means Turnkey Component inventory quantities on hand in Supplier’s inventory that (i) have been in Supplier’s inventory for more than six (6) months, and/or (ii) Supplier has purchased or ordered from the applicable Turnkey Component vendor in accordance with section 7(a) that cannot be utilized to manufacture Products during the subsequent six (6) month period based on the most recent Orders and SPANSION forecasted requirements, provided that such on hand quantities resulted from (i) SPANSION’s cancellation, change, or reschedule of any or all of the Services and/or Product deliveries set forth in the applicable Statement of Work or Order, (ii) SPANSION’s reduction in its forecasted requirements, (iii) SPANSION’s termination of all or any part of this Agreement, or (iv) SPANSION’s change of a Product or Turnkey Component specification. SPANSION - ChipMOS CONFIDENTIAL SPANSION - ChipMOS Assembly and Test Services Agreement