Unsold Inventory definition
Examples of Unsold Inventory in a sentence
Unsold Inventory subject to such price adjustment shall be valued based on a “first in, first out” basis pursuant to which such unsold inventory shall be deemed the latest inventory purchased by the DISTRIBUTOR.
In no event shall the Buyer be entitled to deliver an Inventory Notice to purchase less than one hundred percent of the units comprising the Unsold Inventory Line held by the Company.
In the event that the Independent Accountant determines that the Sellers must purchase an Unsold Inventory Line and the Standard Cost for such Unsold Inventory Line, each Seller will purchase from the Buyer its Pro Rata Share of, and the Buyer will deliver to the Representative, one hundred percent of the units comprising the Unsold Inventory Line held by the Company at a per unit price equal to the Standard Cost determined by the Independent Accountant.
In the event that the Unsold Inventory Offer is not accepted by Vendor and payment is not received by F8, F8 shall retain all administrative control over and exclusive use of the Vendor Sale Account and the DACA Account until F8 liquidates the Inventory at prices to be determined by F8 in its sole discretion.
If Global does not notify the Owners of any objections by the end of such 30-day period, then the amounts of Unsold Inventory (including the value thereof) and Other Inventory shall be considered final on the last day of such 30-day period.
The Concessionaire shall not use Unsold Inventory to display Expired Advertising Content, except as permitted by Section 3.5.3.2 (Removal of Expired Advertising Content), and shall commence displaying such Default Agency Messaging (or Added Content, where applicable) promptly, and in no event, later than the Expired Advertisement Removal Deadline.
If all such Uncollected TAR and Unsold Inventory are not assigned, Buyer will purchase the Uncollected TAR and the Unsold Inventory.
The Employee also hereby confirms that all prior acknowledgements, certifications or other representations made by the Employee prior to the Termination Date remain true, complete and accurate as of the Termination Date and covenants and agrees to immediately notify the Company’s ___________________ of any circumstance or situation which may give rise to a change in those statements.
To ensure that there are no gaps in the utilization of Unsold Inventory, the Concessionaire shall use all Unsold Inventory either to display (i) Agency Messages as specified by the MTA for use with Unsold Inventory (“Default Agency Messaging”) or (ii) Added Content, once agreement is reached as to Added Content in accordance with Section 6.5 (Process for Added Content).
Seller shall thereafter have, for a period of ten (10) days from the date of receipt of such notice, the exclusive right and option to sell any of the Unsold Inventory back to Buyer at the same book value price as set forth in this section.