Unique Inventory definition

Unique Inventory means all Material that cannot be sold to other customers, suppliers or brokers due to proprietary design or IP ownership or commercial Material that was altered by form, fit or function to meet Nortel Networks requirements, such as Nortel Networks designed custom asic’s, printed circuit boards, fabricated metal castings or plastic parts, documentation or literature, custom packing (boxes), labelling, or Material with Nortel Networks logo or part number applied. Unique Inventory does not include Material i) that is better than parts, such as tighter tolerances or higher levels of gold plating, or ii) has unique packing requirements even though different manufacturer part number, such as reel sizing, tubes versus tape and reel, or loose. Notwithstanding the foregoing, commercially available Material that can be sold to someone else other than Nortel Networks but where Flextronics does not have any other customers using this Material and Nortel Networks demand is greater than 65% of the world wide demand shall also be considered Unique Inventory. Unique Inventory may be supplied by both NC and SC Suppliers.
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Unique Inventory means any of the following: (a) finished goods Inventory that has been sold to only one customer (including such customer’s Affiliates) within the preceding twelve (12) consecutive months of any date of determination, (b) a product or part which has no sales history or (c) finished goods containing a customer logo or other trademark.
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Unique Inventory means the inventory of components which are used by Adaptec solely for the purpose of rendering the Services, as specified in Exhibit G, ("Unique Components"), which are purchased by Adaptec for the purpose of rendering the Services.
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Examples of Unique Inventory in a sentence

  • Upon any transfer of responsibility for supply of a Product from Flextronics to Nortel Networks or upon any ramp-up of a new Product, Nortel Networks will, subject to a physical quality inspection in accordance with the procedure set forth in Exhibit 8, purchase Materials that is Unique Inventory for such Product in Flextronics’s control.

  • If Flextronics has placed orders for Unique Inventory with Materials suppliers that, at the time of such transfer, are not yet completely filled, Nortel Networks will accept assignment of such orders to it for those Materials not yet shipped to Flextronics; provided that consumption of such Material is included in the Market Forecast or comprises part of End-of-Life Inventory.

  • All such Unique Components shall be deemed to be "Unique Inventory" and Purchaser shall assume all risk for non-use of such components.

  • For greater clarity End-of-Life Inventory will be considered Unique Inventory.

  • Upon the expiration or termination of this Agreement for any reason, Company agrees to purchase all remaining Unique Inventory then in date and in the hands of Supplier at Supplier’s Defined Cost for such Products.

  • EMI will use TEI to stock inventory of TEI Products and EMI Unique Inventory to be sold by EMI.

  • Supplier and Hawaiian Telcom mutually agree to review and assess in good faith the Unique Inventory process after one year from the effective date to reevaluate whether carrying charge is warranted.

  • Any dispute over content or description must be undertaken with Unique Inventory Ltd within 5 working days.

  • In the event that Company discontinues to offer for sale (or otherwise substantially reduces its projected demand for) a Unique Inventory item sold by Supplier exclusively to Company and with respect to which Supplier has or maintains inventory, then Company shall promptly so notify Supplier, and Company shall thereupon purchase and accept delivery all such inventory (or, in the case of a reduced projected demand, all excess inventory) from Supplier over a reasonable period of time.

  • Any note within an Inventory Report compiled by Unique Inventory Ltd stating ‘FFR label seen’ should not be interpreted to mean that the item complies with the ‘Furniture and Furnishings’ (Fire) (Safety) (Amendments) 1993.


More Definitions of Unique Inventory

Unique Inventory shall have the meaning ascribed in Clause 30.1. 1.1. 100 “US$” and “USD” mean the lawful currency of the United States of America.
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Related to Unique Inventory

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

  • 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.

  • Product Inventory means all inventory of the Product owned by Seller or its Affiliates as of the Closing, including raw materials, work-in-process, bulk form drug and finished Product.

  • Consigned Inventory means Inventory of any Borrower that is in the possession of another Person on a consignment, sale or return, or other basis that does not constitute a final sale and acceptance of such Inventory.

  • Eligible Inventory means and include Inventory, excluding work in process, with respect to each Borrower, valued at the lower of cost or market value, determined on a first-in, first-out basis, which is not obsolete, slow moving or unmerchantable as determined by Agent in its Permitted Discretion and which Inventory, based on such considerations as Agent may from time to time deem appropriate in its Permitted Discretion including whether the Inventory is subject to a perfected, first priority security interest in favor of Agent and no other Lien (other than a Permitted Encumbrance). Notwithstanding anything herein to the contrary, no Inventory shall be Eligible Inventory to the extent such Inventory was acquired by a Borrower pursuant to an entity creation under Section 7.12 or a Permitted Acquisition, unless Agent has (i) completed field examinations with respect to such Inventory, the results of which are satisfactory in form and substance to Agent in its Permitted Discretion or (ii) waived such restriction in its Permitted Discretion. In addition, Inventory shall not be Eligible Inventory if it: (a) does not conform in all material respects to all standards imposed by any Governmental Body which has regulatory authority over such goods or the use or sale thereof; (b) is in transit (other than between one or more locations where Borrowers are permitted hereunder to maintain or store Inventory and such location is the subject of a Lien Waiver Agreement or a Processor’s Agreement, as applicable, unless such location is owned by Borrower); (c) is located outside the continental United States or at a location that is not otherwise in compliance with this Agreement; (d) constitutes Consigned Inventory (other than Consigned Inventory that is subject to a warehouseman’s waiver in form and substance satisfactory to Agent); (e) is the subject of an Intellectual Property Claim; (f) is subject to a License Agreement that limits, conditions or restricts the applicable Borrower’s or Agent’s right to sell or otherwise dispose of such Inventory, unless Agent is a party to a Licensor/Agent Agreement with the Licensor under such License Agreement (or Agent shall agree otherwise in its Permitted Discretion after establishing reserves against the Formula Amount with respect thereto as Agent shall deem appropriate in its Permitted Discretion); (g) at any time following seventy-five (75) days after the Closing Date (or such later date agreed to by Agent), is situated at a location not owned by a Borrower unless the owner or occupier of such location has executed in favor of Agent a Lien Waiver Agreement or a Processor’s Agreement, as applicable (or Agent shall have established reserves against the Formula Amount with respect thereto as Agent shall deem appropriate in its Permitted Discretion in an amount not to exceed the equivalent of three (3) months’ rental obligation with respect to such location); or (h) if the sale of such Inventory would result in the creation of a Receivable which, on the date of such sale, would fail to constitute an Eligible Receivable due to the operation of any of clauses (b), (c) or (e) – (p) of such definition.

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

  • Inventories means “Inventories” as defined in the Uniform System of Accounts, such as, but not limited to, provisions in storerooms, refrigerators, pantries and kitchens; beverages in wine cellars and bars; other merchandise intended for sale; fuel; mechanical supplies; stationery; and other expensed supplies and similar items.

  • In-Transit Inventory means Inventory of a Borrower which is in the possession of a common carrier and is in transit from a Foreign Vendor of a Borrower from a location outside of the continental United States to a location of a Borrower that is within the continental United States.

  • Excluded Inventory means any of the following inventory of goods, merchandise, or other inventory of Seller located at the Leased Premises: (a) all items in the Fresh Departments;

  • Eligible Finished Goods Inventory means all Finished Goods Inventory that is Eligible Inventory.

  • Inventory Formula Amount means (i) the lesser of (x) 75% of the Value of Eligible Inventory and (y) 85% of the NOLV Percentage of the Value of Eligible Inventory plus (ii) the lesser of (x) the lesser of (1) 75% of the Value of Eligible In-Transit Inventory and (2) 85% of the NOLV Percentage of the Value of the Eligible In-Transit Inventory and (y) $10,000,000.

  • Inventory Value has the meaning set forth in Section 2.1.

  • Excess Inventory means all Inventory and Special Inventory possessed or owned by Flextronics that is not required for consumption to satisfy the next [***] of demand for Products under the then-current purchase order(s) and forecast.

  • Finished Goods means units of a manufactured product awaiting sale.

  • Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Great American Group dated June 2007 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraisal firm pursuant to Section 9.2(b).

  • Consumable means any component of a good that is used up recurrently and needs to be replaced for the good to function as intended;

  • Raw Materials means all raw materials, supplies, components and packaging necessary to manufacture and ship the Product in accordance with the Specifications, as provided in Exhibit A, but not including the API.

  • Inventory Tracking System means the required tracking

  • Qualified Inventory means all Raw Materials Inventory, Semi-Finished Goods and Scrap Inventory and Finished Goods Inventory held by a Credit Party in the normal course of business and owned solely by such Credit Party (per plant level records whereby manufactured items are valued at pre-determined costs and purchased items are valued at rolling average actual cost).

  • Unsaleable liquor merchandise means a container that:

  • Rental Equipment means the equipment identified on the Service Agreement and Order Schedule or otherwise notified to you in writing that we will rent to you as part of our provision of the Services and which you will return to us after expiry or termination of the Agreement, subject to the provisions of this Agreement.

  • Raw Material means any unprocessed material in its raw or natural state that is intended to become part of the components of a cannabis product.

  • Supplier Equipment means the Supplier's hardware, computer and telecoms devices, equipment, plant, materials and such other items supplied and used by the Supplier (but not hired, leased or loaned from the Customer) in the performance of its obligations under this Call Off Contract;

  • Capital Equipment means machinery and equipment purchased or leased, and used in this state by the purchaser or lessee primarily for manufacturing, fabricating, mining, or refining tangible personal property to be sold ultimately at retail if the machinery and equipment are essential to the integrated production process of manufacturing, fabricating, mining, or refining. Capital equipment also includes machinery and equipment used primarily to electronically transmit results retrieved by a customer of an online computerized data retrieval system.

  • Consumables means where the context permits, Digital Print Consumables, Inkjet Printing System Consumables and Prepress Consumables.

  • Eligible In-Transit Inventory means, as of any date of determination thereof, without duplication of other Eligible Inventory, In-Transit Inventory: