Inventory Levels. During the term of this Agreement, Wholesaler shall maintain at all times a stock of Products sufficient to supply the demand of Customers; provided, however, such stock of any one Product shall not on average for each calendar month be less than [***], nor more than [***], of Wholesaler's expected sales to Customers as determined by its Customary Practice, unless otherwise agreed by FHPC in writing in advance. Wholesaler shall have no obligation to maintain the minimum Inventory Level of a particular Product if such Product is unavailable from FHPC. If Transitional Inventory exceeds the Inventory Levels of this section. Wholesaler shall reduce its inventory each month an amount equal to [***] of the Transitional Inventory minus the targeted Inventory Level (not to exceed [***]) for a period of [***] or such other amounts and time periods as determined by FHPC.
Appears in 1 contract
Sources: Inventory Management Agreement (First Horizon Pharmaceutical Corp)
Inventory Levels. During the term of this Agreement, Wholesaler shall maintain at all times a stock of Products sufficient to supply the demand of Customers; provided, however, such stock of any one Product shall not on average for each calendar month be materially less than [***], nor more than [***], of Wholesaler's expected sales to Customers as determined by its Customary Practice, unless otherwise agreed by FHPC in writing in advance. Wholesaler shall have no obligation to maintain the minimum Inventory Level of a particular Product if such Product is unavailable from FHPC. If Transitional Inventory exceeds the Inventory Levels of this section. , Wholesaler shall reduce its inventory each month an amount equal to [***] of the Transitional Inventory minus the targeted Inventory Level (not to exceed [***]) for a period of [***] or such other amounts and time periods as determined by FHPC.
Appears in 1 contract
Sources: Inventory Management Agreement (First Horizon Pharmaceutical Corp)
Inventory Levels. During the term of this Agreement, Wholesaler shall maintain at all times a stock of Products sufficient to supply the demand of Customers; provided, however, such stock of any one Product shall not on average for each calendar month be less than [***], nor more than [***], of Wholesaler's expected sales to Customers as determined by its Customary Practice, unless otherwise agreed by FHPC in writing in advance. Wholesaler shall have no obligation to maintain the minimum Inventory Level of a particular Product if such Product is unavailable from FHPC. If Transitional Inventory exceeds the Inventory Levels of this section. , Wholesaler shall reduce its inventory each month an amount equal to [***] of the Transitional Inventory minus the targeted Inventory Level (not to exceed [***]) for a period of [***] or such other amounts and time periods as determined mutually agreed upon by FHPCFHPC the parties.
Appears in 1 contract
Sources: Inventory Management Agreement (First Horizon Pharmaceutical Corp)