Common use of Inventory Levels Clause in Contracts

Inventory Levels. Path will maintain inventory at a level that is sufficient to satisfy reasonably expected demand for the Products. (a) Representatives of Rockford and Path will meet regularly to discuss anticipated demand for the Products and the level of inventory appropriate to allow Rockford and Path to meet that demand. (b) Path is responsible for end-of-life ("EOL") inventory management, including inventory levels and EOL discounts. If Path wants to offer EOL discounts to help manage inventory, Rockford will arrange to offer the discounts to Dealers using free goods or other means consistent with Rockford's sales practices for its own products. (c) Upon termination of this Agreement, Rockford will in good faith assist Path to liquidate Path's reasonable inventory of the Products. These good faith efforts will include Rockford's continued ordering of the Products 3 from Path until the reasonable inventory of each Product is exhausted, but only to the extent Rockford has orders from Dealers for the Products.

Appears in 2 contracts

Sources: Manufacturing and Distribution Agreement (Rockford Corp), Manufacturing and Distribution Agreement (Rockford Corp)

Inventory Levels. Path will maintain inventory at a level that is sufficient to satisfy reasonably expected demand for the Products. (a) Representatives of Rockford and Path will meet regularly to discuss anticipated demand for the Products and the level of inventory appropriate to allow Rockford and Path to meet that demand. (b) Path is responsible for end-of-life ("EOL") inventory management, including inventory levels and EOL discounts. If Path wants to offer EOL discounts to help manage inventory, Rockford will arrange to offer the discounts to Dealers using free goods or other means consistent with Rockford's sales practices for its own products. (c) Upon termination of this Agreement, Rockford will in good faith assist Path to liquidate Path's reasonable inventory of the Products. These good faith efforts will include Rockford's continued ordering of the Products Confidential Treatment Requested 3 from Path until the reasonable inventory of each Product is exhausted, but only to the extent Rockford has orders from Dealers for the Products.

Appears in 1 contract

Sources: Manufacturing and Distribution Agreement (Rockford Corp)