Inventory Obsolescence Sample Clauses

Inventory Obsolescence. Adobe responsibilities. •Identification and notification of all obsolete finished goods and component SKU's by part number and description •Confirmation of action required e.g. destruction Xxxxx responsibilities: •Confirmation of obsolescence notification received •Confirmation of action taken •Update of stock records on both MFG-Pro and SAP Note: [*]
Sample 1
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Inventory Obsolescence. To the Company's Knowledge, the Flextronics components described on Schedule 1.3 that the Company has committed prior to the date hereof to purchase from Flextronics(the components committed to be purchased by the Company to the extent set forth on Schedule 1.3, the “Flex Components”) are consumable in the normal course of business, and in any event, within eighteen (18) months following the Effective Date.
Sample 1
Inventory Obsolescence. In the event and to the extent that Products or Sales Aids in the possession of NSJ shall, due to the expiration, change in market conditions, or other reasons not within the control of NSJ, become nonsaleable, NSHK agreed to credit the original purchase price of such Products or Sales Aids to NSJ. The ultimate cost and method of disposal of any such Products and Sales Aids shall be the reseponsibility of NSHK.
Sample 1
Inventory Obsolescence. With respect to EQW Product and Components, Lilly will be responsible for the inventory loss for lots intended for sale in the Territory outside the U.S., based on purchase orders submitted [***] in advance and accepted by Amylin under Section 5.4, that are delivered to Lilly with the product dating agreed upon by the SCWT. Inventory obsolescence related to all other EQW Product and Components will be shared by the Parties on a pro rata basis based on the forecasts included in the most ***Confidential Treatment Requested recent [***] business plan approved by the ASC, with Lilly and Amylin equally sharing the U.S. allocation and Lilly solely responsible for the OUS allocation.
Sample 1

Related to Inventory Obsolescence

  • Inventory To the extent Inventory held for sale or lease has been produced by any Borrower, it has been and will be produced by such Borrower in accordance with the Federal Fair Labor Standards Act of 1938, as amended, and all rules, regulations and orders thereunder.

  • Inventories The Operator shall maintain detailed records of Controllable Material.

  • Location of Equipment and Inventory All Equipment and Inventory are (i) located at the locations indicated on Schedule 4 (ii) in transit to such locations or (iii) in transit to a third party purchaser which will become obligated on a Receivable to the Debtor upon receipt. Except for Equipment and Inventory referred to in clauses (ii) and (iii) of the preceding sentence, the Debtor has exclusive possession and control of the Inventory and Equipment.

  • Inventory and Equipment On the date hereof, the Inventory and the Equipment (other than mobile goods) are kept at the locations listed on Schedule 5.

  • Merchantable Inventory All Inventory is in all material respects of good and marketable quality, free from all material defects.

  • Equipment and Inventory With respect to any Equipment and/or Inventory of an Obligor, each such Obligor has exclusive possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or (ii) Equipment or Inventory in transit with common carriers. No Inventory of an Obligor is held by a Person other than an Obligor pursuant to consignment, sale or return, sale on approval or similar arrangement.

  • Accounts and Inventory Each Account or item of Inventory which Borrower shall, expressly or by implication, request Lender to classify as an Eligible Account or as Eligible Inventory, respectively, shall, as of the time when such request is made, conform in all respects to the requirements of such classification as set forth in the respective definitions of "Eligible Account" and "

  • Eligible Inventory As to each item of Inventory that is identified by any Borrower as Eligible Inventory in a Borrowing Base Certificate submitted to Agent, such Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than Agent-discretionary criteria) set forth in the definition of Eligible Inventory.

  • Raw Materials Lonza shall procure all required Raw Materials as well as consumables other than those Raw Materials that are Customer Materials. Customer shall be responsible for payment for all consumables and Raw Materials ordered or irrevocably committed to be procured by Lonza hereunder. Upon cancellation of any Batch or termination of the Agreement, all unused Raw Materials shall be paid for by Customer within [***] days of invoice and at Customer’s option will either be (a) held by Lonza for future use for the production of Product, (b) delivered to Customer, or (c) disposed of by Lonza.

  • As to Equipment and Inventory The Grantor hereby agrees that it shall

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