Examples of Retained Inventory in a sentence
All of Sellers' inventories, as of the Closing, located on the Real Property or otherwise identified on Schedule 1.1(c)(i), including without limitation finished goods, work-in-process, raw materials, supply and samples inventories, and other inventories, excluding only the Retained Inventory (hereinafter defined) described on Schedule 1.1(c)(ii).
Seller shall pay to Buyer a commission equal to 9% of gross sales on the Retained Inventory.
Purchaser also will provide Seller and its representatives reasonable access thereto, during normal business hours and on reasonable prior written notice, to enable Seller to prepare financial statements or defend claims or other proceedings or investigations relating to Excluded Liabilities, Excluded Assets, Retained Inventory Rights or any claims for indemnification made under Article V.
The Seller shall aggregate all such Retained Inventory Payments during a given calendar month following the Closing Date and shall pay all such Retained Customer Inventory Payments via ACH transfer to the Company in a single lump sum within thirty (30) days following the end of such calendar month to an account designated in advance by the Company.
All Inventory other than the Transferred Inventory shall be retained by the Seller (“Retained Inventory”), and, notwithstanding Section 7.11 of this Agreement, the Seller shall have the right to sell such Retained Inventory from time to time to third parties in its sole discretion.