Consignment Inventory. Tutogen shall have the option to consign inventory --------------------- of the Processed Tissues to Sulzer for the benefit of Processed Tissue users in circumstances in which users could not timely obtain the Processed Tissues directly from Tutogen. In no event shall Sulzer acquire title to the consigned Processed Tissues. Sulzer shall xxxx the consigned Processed Tissues as the sole property of Tutogen.
Consignment Inventory. The Consignment Inventory, whether now in consignment or hereafter consigned, is and shall remain the property of Xxxxxxx until such time as such Consignment Inventory is purchased by Universal from Xxxxxxx pursuant to and in accordance with its agreements with Xxxxxxx as in effect from time to time, at which time title to the purchased items of Consignment Inventory shall be transferred to Universal. KeyBank shall not have or assert any interest in any Consignment Inventory that has not been purchased by Universal from Xxxxxxx pursuant to and in accordance with the aforementioned agreements between Universal and Xxxxxxx, whether the Consignment Inventory is stored in bonded warehouses or not. For purposes of clarity, any and all goods shipped by Xxxxxxx to Universal for which title has not passed to Universal pursuant to and in accordance with Universal’s agreements with Xxxxxxx shall be considered Consignment Inventory for purposes of this Agreement. For the avoidance of doubt, once any item of Consignment Inventory is purchased by Universal from Xxxxxxx pursuant to and in accordance with its agreements with Xxxxxxx, all proceeds of such item of Consignment Inventory are subject to the KeyBank Lien and KeyBank shall have a first and prior security interest with respect to such proceeds.
Consignment Inventory. The Parties acknowledge that as of the Effective Date Tutogen has entered into and maintains certain obligations with respect to agreements with certain end users relating to consignment of Biologic Implants to such end users, as reflected on Exhibit D. The Parties hereby agree that Tutogen will continue to administer such agreements for a period of up to 90 days following the Effective Date, during which time Spine-Tech will arrange with the end users to assume responsibility for such consignment inventory. Tutogen agrees to cooperate with transition of its consignment obligations to Spine-Tech. Tutogen’s Transfer Fee in connection with existing consignment inventory shall be [***].
Consignment Inventory. AVEOS agrees to provide to VOLARIS a consignment inventory of Consumables and Expendables (hereinafter referred to as “Consignment Inventory”), which will be placed at the Inventory Warehouse in Toluca. Orders placed by VOLARIS from such Consignment Inventory will be subject to payment of the corresponding invoices at the rates specified in Section 3.1.1 of this Appendix C. The part numbers and associated quantities for the Consignment Inventory will be mutually agreed by VOLARIS and AVEOS at the bi-annual review meeting or at any other time as needed. Consignment Inventory will be replenished by AVEOS according to the terms and conditions of this Agreement.
Consignment Inventory. The Supplier shall establish a consignment inventory on the premises designated by PSFE. Products in consignment inventory shall be delivered upon the issuance of orders by PSFE, referenced and in quantities agreed by both Parties. Consumption shall be invoiced by the Supplier using a statement of withdrawals from inventory submitted by PSFE between the 25th and the 26th of the month of consumption. The payment date shall be 30 days month-end (25th) (internal offset) from the consumption date. The material shall be considered consumed no later than 2 months following delivery. The consignment inventory shall represent not more than 15 days of monthly consumption by the PSFE site concerned. The Froges consignment inventory shall be reduced to 0 tonnes in 2003 due to the establishment of a safety stock as part of the supply chain.
Consignment Inventory. The Buyer may deduct from the Purchase Price (and lower the amounts of the Contingent Deferred Payments accordingly) the cost associated with any consignment inventory for which, as of the Closing Date, no liability has been established on the Company's books and records for a discrepancy between the Company's perpetual inventory and payables records and the records of the Company's consignment vendors, whether resulting from (1) a shortage in consignment inventory or (2) the sale of such merchandise, either occurring prior to the Closing Date. Buyer will notify the Sellers of any such deductions within 90 days after the Closing Date.
Consignment Inventory. SCHEDULE 1.11 lists all inventory held by Seller on consignment ("Consigned Inventory"). SCHEDULE 1.11 also lists the party on whose behalf the Consigned Inventory is held and the terms and conditions relating thereto. Before the Closing, Seller shall have delivered to Buyer all written agreements relating to the Consigned Inventory and summarized all material terms of any oral agreement relating to the Consigned Inventory on SCHEDULE 1.11. At the Closing, Buyer shall take possession of the Consigned Inventory and will, upon sale of any Consigned Inventory, act in accordance with the terms, conditions and agreements delivered to Buyer and contained on SCHEDULE 1.11.
Consignment Inventory. In the event that any Seller or any of its Affiliates shall receive any payment from any Person for or with respect to the sale after the Closing of any Inventory pursuant to any consignment arrangement with Sellers, Sellers shall direct such Person to pay the proceeds of any such Inventory directly to Buyers, and in the event that such Person pays or otherwise delivers any such amount to any Seller or any of its Affiliates, including by setoff or other satisfaction of any Liabilities of any Seller or any of its Affiliates, then and in any such event such payment or other amounts shall be deemed to be the property of, segregated by, received by, and held in trust for the sole and exclusive benefit of, Buyers, and shall promptly, but in any event within two (2) Business Days, be paid over and delivered to Buyers by such Seller or any of its Affiliates.
Consignment Inventory. A) The parties shall settle up by December 31, 1998, with respect to all inventory consigned to Edison under that certain Consignment and Security Agreement between the parties dated July 18, 1997, by returning to ITI any excess control panel inventory and paying ITI for the balance of all inventory consigned under that agreement.
Consignment Inventory. No inventory will be consigned Noble BV (or its Affiliates).
