Finished Product Inventory definition
Examples of Finished Product Inventory in a sentence
If the value of the Finished Product Inventory is less than the Finished Product IRA, then Supplier shall promptly notify Insulet of such difference and, within [***] business days of such notice, refund the difference to Insulet.
If the value of the Finished Product Inventory is greater than the amount in Finished Product IRA, then Supplier shall promptly notify Insulet of such difference and Insulet shall, within [***] days of receipt of such notice, pay the difference to Supplier, who shall credit the funds to the Finished Product IRA.
The Finished Product IRA shall be reviewed and reconciled on a quarterly basis, unless otherwise agreed by Insulet and Supplier in writing, based upon Supplier’s quarterly report of the Finished Product Inventory in the Finished Product IRA at that time.