Examples of Target Inventory in a sentence
When Supplier is creating inventory levels to satisfy required Target Inventory levels of Finished Goods Inventory, any reduction in quantity of Items that were ordered pursuant to an Order, or any quantity of Items ordered pursuant to an Order that is later cancelled by Tesla, shall be returned to Supplier’s inventory and Supplier will increase Its inventory levels accordingly.
The Target Inventory is consistent with the level of Inventory that a business in the Company’s industry in the Commonwealth of Massachusetts would maintain in the normal course of the Business and the Company has maintained Inventory at least equal to the Target Inventory during each of the four full calendar months prior to the Agreement Date.
If Tesla designates a Inventory Liability Items under Section 16(a)(ii), and does not specify a “Target Inventory” quantity for it in an authorized inventory planning tool, then that Item’s Target Inventory quantity shall equal the two (2) weeks forecasted demand for that Items in the most recent and most specific Tesla’s Forecast for that Item.
Buyer will also pay to Sellers, by wire transfer of immediately available funds to accounts designated by each of the Sellers, each Seller’s Pro Rata Share of an aggregate amount equal to the fair market value of the Inventory (as determined by a mechanism to be agreed to by the Sellers’ Representative and Buyer prior to the Closing (the “Excess Inventory Valuation Mechanism”)) owned by the Company at the Closing, but only to the extent such Inventory exceeds the Target Inventory (the “Inventory Payment”).
ARTICLE 7 TARGET INVENTORY LEVELS AND WORKING CAPITAL ADJUSTMENT 7.1 Target Inventory Levels.