Non-Salable Products definition
Non-Salable Products means those materials or products which are: (1) not merchantable, (2) defective, (3) damaged, (4) slow-moving, (5) Obsolete Inventory, and (6) as otherwise prescribed by GAAP. The Buyer and the Seller shall mutually agree as to which of the Seller’s inventory constitutes Non-Salable Products on the Closing Date.