Common use of Distributor Inventory Clause in Contracts

Distributor Inventory. Immediately prior to the Closing, Seller shall repossess or repurchase from its distributors all Distributor Inventory then held by or for such distributors, whether or not paid for by such distributors. At the Closing, Seller shall deliver all such repurchased Distributor Inventory to Purchaser as part of the Acquired Assets and Purchaser shall reimburse Seller for the sales price less distributors’ commissions for such repurchased Distributor Inventory . Within one Business Day after the Closing, Seller shall furnish to Purchaser a schedule of all Distributor Inventory repossessed or repurchased pursuant to this Section 5.17 and all Distributor Inventory that, as of the Closing, continued to be held by or for such distributors.

Distributor Inventory. Immediately prior to the Closing, Seller shall repossess or repurchase from its distributors all Distributor Inventory then held by or for such distributors, whether or not paid for by such distributors. At the Closing, Seller shall deliver all such repurchased Distributor Inventory to Purchaser as part of the Acquired Assets and Purchaser shall reimburse Seller for the sales price less distributors’ commissions for such repurchased Distributor Inventory Inventory. Within one Business Day after the Closing, Seller shall furnish to Purchaser a schedule of all Distributor Inventory repossessed or repurchased pursuant to this Section 5.17 and all Distributor Inventory that, as of the Closing, continued to be held by or for such distributors.