Inventory Payments Sample Clauses

Inventory Payments. IWI will pay Universal Manufacturing weekly for inventory, which has been delivered to IWI.
Sample 1
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Inventory Payments. Connetics shall buy the Inventory pursuant to Section 4.1 (less any amounts shipped by Roche between the Signing Date and the Closing Date) and will make the payment to Roche within thirty (30) days after Connetics receives such Inventory. The cost for Inventory is set forth in Schedule 4.1.
Sample 1
Inventory Payments. The Licensee shall purchase from Licensor all inventory items set forth on the Addendum to Exhibit 2 currently representing $[**] in the United States and approximately $[**] outside the United States to be adjusted through April 30, 2000. In addition, Licensee shall advise Licensor of any additional inventory in the United States to be purchased that is indicated as Potential Sets on the Addendum to Exhibit 2, not later than May 1, 2000. Licensor will provide Licensee its most current inventory lists as of March 31, 2000. For inventory items outside the United States Licensee shall have 60 days from the closing date of this Agreement to inspect and approve of such inventory items, and the amounts to be paid on the following schedule shall be adjusted downward for disapproved items. Adjustments will first be deducted from the January 2001payment, and then the immediately preceding payments, if necessary. Otherwise, the schedule of inventory payments will be as follows: [**] -------------------------------------------------------------------------------- THE SYMBOL '[**]' IS USED TO INDICATE THAT A PORTION OF THE EXHIBIT HAS BEEN OMMITTED AND FILED SEPARATELY WITH THE COMMISSION. 3 Licensor shall hold a lien on Product inventory in an amount not to exceed the balance owed to Licensor, until the final amount of the inventory transferred is fully paid. However, such lien will be subordinate to any claim(s) of the Licensee's lending financial institution.
Sample 1
Inventory Payments. (i) On the twentieth day of each February, May, August and November following the Closing (each a “Payment and Accounting Date”) and ending on the first Payment and Accounting Date following the five year anniversary of the Closing Date, the Buyer shall deliver to the Seller a detailed accounting in the form attached hereto as Exhibit 1.3(b) (the “Inventory Accounting”) of each item of Inventory consumed or otherwise used by the Buyer (the “Consumed Inventory”) during the immediately preceding calendar quarter and Seller’s cost thereof (“Seller’s Cost of Consumed Inventory”). The Inventory Accounting shall be certified by the Buyer’s chief financial officer as being true and accurate in all respects. For purposes of calculating Seller’s Cost of Consumed Inventory, the unit cost set forth on Schedule 1.1(a)(i) shall govern. Commencing with the Payment and Accounting Date on which the aggregate Seller’s Cost of Consumed Inventory shall have exceeded two million two hundred seventy thousand five hundred forty one dollars ($2,270,541.00), the Buyer shall pay to the Seller by wire transfer of immediately available funds to an account designated by the Seller an amount equal to the Seller’s Cost of Consumed Inventory in excess of the sum of (x) two million two hundred seventy thousand five hundred forty one dollars ($2,270,541.00) and (y) any amounts previously paid to the Seller, if any, by operation of this Section 1.3(b). The aggregate payments pursuant to this Section 1.3(b)(i) shall not exceed the Inventory Cap. The Buyer shall consume an item available in Inventory prior to consuming that same item from another inventory source. To the extent the Buyer shall consume or use any specific item of inventory in lieu of a specific item of Inventory at a time when that specific item of Inventory is available for consumption and use, the Buyer shall be deemed to have consumed Inventory for purposes of calculating the amounts payable hereunder.
Sample 1
Inventory Payments. Purchaser shall pay to Seller the WMS Inventory Value upon delivery of the Initial WMS Inventory FOB Indy, and Purchaser shall pay to Seller the Additional Inventory Purchase Price upon confirmation of the quantities of such inventory received at Xxxxxxxx warehouses after the Closing Date and the Second Closing Date, respectively, as provided in Section 8.2 below.
Sample 1

Related to Inventory Payments

  • 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 "

  • Accounts Receivable; Inventory (a) For each Account with respect to which Advances are requested, on the date each Advance is requested and made, such Account shall be an Eligible Account.

  • Accounts Receivable; Inventories The accounts and notes receivable which are reflected on the Final Closing Balance Sheet are good and collectible in the ordinary course of business at the aggregate recorded amounts thereof, less the amount of the allowance for doubtful accounts reflected thereon, and are not subject to offsets. The accounts and notes receivable of the Company which were thereafter added and which will be reflected on the Final Closing Balance Sheet are good and collectible in the ordinary course of business at the aggregate amounts recorded in its books of account, less the amount of the allowance for doubtful accounts reflected thereon (which allowance was established on a basis consistent with prior practice), and are not subject to offsets. The inventories reflected on the Audited and Unaudited Balance Sheets, and thereafter added, as reflected on the Closing Date Balance Sheet, consist of items of a quality and quantity usable or saleable within one year (except as set forth on Schedule 5.7) in the ordinary course of business, except for obsolete materials, slow-moving items, materials of below standard quality and not readily marketable items, all of which have been written down to net realizable value or adequately reserved against on the books and records of the Company. To the extent there is inventory not listed on Schedule 5.7 of a quality and quantity not usable or saleable in the ordinary course of business within one year, in lieu of a claim for indemnification, Buyer shall sell and the Selling Shareholders shall purchase such items of inventory at the value carried on the Final Closing Balance Sheet. All inventories not written off are stated at the lower of cost or market.

  • Returned Inventory If an Account Debtor has an authorized return and returns any Inventory covered by such return to such Grantor when no Event of Default exists, then such Grantor shall promptly determine the reason for such return and shall issue a credit memorandum to the Account Debtor in the appropriate amount. Such Grantor shall deliver a monthly report to the Administrative Agent setting forth all such returns involving an amount in excess of $10,000,000. Each such report shall indicate the reasons for the returns and the locations and condition of the returned Inventory. In the event any Account Debtor returns Inventory to such Grantor when an Event of Default exists, such Grantor, upon the request of the Administrative Agent, shall: (i) hold the returned Inventory in trust for the Administrative Agent; (ii) dispose of the returned Inventory solely according to the Administrative Agent’s written instructions; and (iii) not issue any credits or allowances with respect thereto in an amount exceeding $500,000 in the aggregate during any Fiscal Month without the Administrative Agent’s prior written consent. All returned Inventory shall be subject to the Administrative Agent’s Liens thereon. Whenever any Inventory is returned, the related Account shall be deemed ineligible to the extent of the amount owing by the Account Debtor with respect to such returned Inventory and such returned Inventory shall not be Eligible Inventory unless such Inventory constitutes Third Party Logistics Goods.

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

  • Accounts Receivable and Accounts Payable 7 (a) General.....................................................7 (b)

  • 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.

  • 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.

  • 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.

  • Prepaid Expenses To the extent Expenses have been paid prior to the Closing Date for the rental period in which the Closing occurs, Seller shall account to Buyer for such prepaid Expenses, and Seller shall be credited for the amount of such prepaid expenses applicable to the period after the Closing Date.

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