Termination inventory definition

Termination inventory means any property purchased, supplied, manufactured, furnished, or otherwise acquired for the performance of a contract subsequently terminated and properly allocable to the terminated portion of the contract. It includes Government-furnished property. It does not include any facilities, material, special test equipment, or special tool- ing that are subject to a separate contract or to a special con- tract requirement governing their use or disposition.

Termination inventory means the same as the language in 45.601. Unsettled contract change means any contract change or contract term for which a definitive modification is re- quired but has not been executed. [48 FR 42443, Sept. 19, 1983, as amended at 51 FR 2666, Jan. 17, 1986; 66 FR 2134, Jan. 10, 2001; 67 FR 43514, June 27, 2002]

Termination inventory means Components on order, Component inventory, work-in-process, and finished Product inventory at the discontinuance or termination of this Agreement or upon receipt of a Change Order from VOLCANO, or at the complete or partial termination or cancellation of an Order or of a Product.

Examples of Termination inventory in a sentence

• If LICENSOR wishes to make a purchase, LICENSOR shall notify LICENSEE of its or its designee’s intention to exercise the option within thirty (30) days of delivery after receipt of the Termination Inventory listing.

• Licensee shall deliver to Xxxxx the items in the Termination Inventory to be purchased, within five (5) days after receipt of Xxxxx' notice exercising its option to purchase, and Xxxxx shall pay the purchase price within thirty (30) days after receipt of all items of the Termination Inventory purchased.

• The conditional right of LICENSEE to sell items of Termination Inventory is non-exclusive and shall not limit LICENSOR’S rights to sell such items of Termination Inventory or to enter into other licenses or transactions.

• The right of Licensee to sell items of Termination Inventory under Paragraph 8.6 is non-exclusive only and shall not in any manner limit Xxxxx' rights to enter into other licenses or transactions.

• Xxxxx shall have the option, exercisable within ten (10) days after receipt of the Termination Inventory, to purchase all or any portion of the items in the Termination Inventory for a purchase price equal to ( %) percent of Licensee's cost.

More Definitions of Termination inventory

Termination inventory means the inventory provided for in Section 12(d), consisting of finished products and work in process, Packaging, and advertising and promotional material on hand at the time of the termination of this Agreement.

Termination inventory means all inventory, consisting of finished products and work in process, Packaging and Labeling Materials, and advertising and promotional material on hand at the time of the termination of this Agreement and/or any material, in any and all medians, that includes any reference whatsoever to the Licensed Marks.

Termination inventory means any property purchased, supplied, manufactured, furnished, or otherwise acquired for

Termination inventory means the same as the language

Termination inventory has the meaning set out in Section 13.1 (Continuing Manufacturing Obligations).

Termination inventory means the same as the language in 45.601.

Termination inventory has the meaning set forth in Section 17.5.