Common use of Inventory Management Services Clause in Contracts

Inventory Management Services. a. Inventory management services Supply Chain • Assist in providing historical sales data. • Provider will assist Recipient as reasonably requested from time to time with any purchase orders pending as of closing and purchase orders made by Recipient prior to June 30, 2016 as reasonably requested by Recipient; provided however, for the avoidance of doubt, nothing in this Agreement shall obligate Provider to make any purchase orders in its name after Closing nor is Provider under any obligation to assure delivery of the product contemplated by any such purchase order. • Dispose of unneeded inventory as directed and authorized in writing by Recipient. • Provider will transfer and deliver the existing physical Inventory (including pending strain shipments) located at third party storage locations to the location(s) reasonably requested by Recipient or arranged for by Recipient (at Recipient’s expense). b. Delivery of open purchase order products Supply Chain • Provider having transferred the (i) Lallemand purchase order #2769 dated January 12, 2016 for S. Oralis product; (ii) Nutraceutix, Inc. PO #2775 dated April 14, 2016, for Evora Pro and Evora Plus product; and (iii) Best PO #2777 dated May 25, 2016, for Evora Pet product to Recipient pursuant to the Asset Purchase Agreement, Provider will use its best efforts to cause delivery of all of the S. Oralis product, Evora Pro and Evora Plus product and Evora Pet product contemplated by such purchase orders to Provider’s designated location. • To the extent that Provider receives delivery of any product after Closing as a result of any purchase order pending at Closing, it will notify Recipient and cooperate with Recipient on the delivery of any such products received by Provider pursuant to any pending purchase orders from Logic PAKaging, Lallemand, SAS, Best and Nutraceutix, Inc. to the location(s) reasonably requested by Recipient (at Recipient’s expense). Type of Services Department Description of Provider Service

Appears in 2 contracts

Sources: Transition Services Agreement, Transition Services Agreement

Inventory Management Services. a. Inventory management services Supply Chain • Assist in providing historical sales data. • Provider will assist Recipient as reasonably requested from time to time with any purchase orders pending as of closing and purchase orders made by Recipient prior to June 30, 2016 as reasonably requested by Recipient; provided however, for the avoidance of doubt, nothing in this Agreement shall obligate Provider to make any purchase orders in its name after Closing nor is Provider under any obligation to assure delivery of the product contemplated by any such purchase order. • Dispose of unneeded inventory as directed and authorized in writing by Recipient. • Provider will transfer and deliver the existing physical Inventory (including pending strain shipments) located at third party storage locations to the location(s) reasonably requested by Recipient or arranged for by Recipient (at Recipient’s expense). b. Delivery of open purchase order products Supply Chain • Provider having transferred the (i) Lallemand purchase order #2769 dated January 12, 2016 for S. Oralis product; (ii) Nutraceutix, Inc. PO #2775 dated April 14, 2016, for Evora Pro and Evora Plus product; and (iii) Best PO #2777 dated May 25, 2016, for Evora Pet product to Recipient pursuant to the Asset Purchase Agreement, Provider will use its best efforts to cause delivery of all of the S. Oralis product, Evora Pro and Evora Plus product and Evora Pet product contemplated by such purchase orders to Provider’s designated location. • To the extent that Provider receives delivery of any product after Closing as a result of any purchase order pending at Closing, it will notify Recipient and cooperate with Recipient on the delivery of any such products received by Provider pursuant to any pending purchase orders from Logic PAKaging, Lallemand, SAS, Best and Nutraceutix, Inc. to the location(s) reasonably requested by Recipient (at Recipient’s expense). Type of Services Department Description of Provider Service.

Appears in 1 contract

Sources: Transition Services Agreement (Oragenics Inc)