Shelf Inventory definition

Shelf Inventory means all inventory except for parts included in Work in Process.
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Examples of Shelf Inventory in a sentence

  • All Products ** **pursuant to this Section shall be referred to herein as ** ** Seller may only deplete Shelf Inventory when Buyer’s orders ** ** the applicable ** **.

  • Upon termination pursuant to Section 7.1(e), above, after Contract ** **, Buyer shall be obligated to purchase (a) all Products on then open binding purchase orders not yet purchased, and (b) all then-existing Shelf Inventory.

  • Upon termination pursuant to Section 7.1(e), above, after Contract Year Two, Buyer shall be obligated to purchase (a) all Products on then open binding purchase orders not yet purchased, and (b) all then-existing Shelf Inventory.

  • Seller will at all times throughout the term of this Agreement maintain the agreed upon Shelf Inventory level, except that Seller will replace any units taken from Shelf Inventory in accordance with previous sentence within thirty (30) days of the date Seller takes such units from Shelf Inventory.

  • All Products held in inventory pursuant to this Section shall be referred to herein as “Shelf Inventory.” Seller may only deplete Shelf Inventory when Buyer’s orders exceed the applicable Binding Forecast.

Related to Shelf Inventory

  • Product Inventory means all inventory owned as of the Closing by Seller or any Affiliate thereof of finished Product that is in conformance with the Specifications and has an expiration date of October 1, 2016 or later, regardless of whether such inventory is held at a location or facility of Seller or any Affiliate (or of any other Person on behalf of Seller or any Affiliate, including in any of Seller’s warehouses, manufacturers, suppliers, distributors or consignees) or in transit to or from Seller or any Affiliate (or any such other Person).

  • Obsolete Inventory means items that have expired, are redundant or damaged;

  • Eligible Finished Goods Inventory means Inventory that qualifies as Eligible Inventory and consists of first quality finished goods held for sale in the ordinary course of Borrowers’ business.

  • Transferred Inventory has the meaning set forth in Section 2.2(a)(iii).

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.