Inventory Purchase. On the Closing Date (the “Inventory Determination Date”), Sellers shall deliver to Red Cross a schedule of all finished and work-in-process blood products in Sellers’ inventory as of the Inventory Determination Date which comprise part of the Assets to be acquired by Red Cross pursuant to this Agreement, identified by product type. With respect to all work-in-process blood products, Sellers shall continue to process such inventory into finished blood products after the Closing Date. On the fourth (4th) business day following the Closing Date, as part of the Purchase Price, Red Cross shall pay to HemaCare, in the manner set forth in Section 2.a).ii) above, an amount (the “Inventory Purchase Amount”) equal to the aggregate purchase price for all such products in inventory on the Closing Date, at the following unit prices: Platelets -- $400.00; Red Blood Cells -- $250.00; Fresh Frozen Plasma -- $53.00; and Cryoprecipitate -- $43.00. Notwithstanding the foregoing, if the Inventory Purchase Amount for all products in inventory other than platelets exceeds $50,000 (such products in inventory in excess of such amount, the “Excess Inventory”), then the Assets shall include, and the Red Cross shall be obligated to purchase pursuant to this Section 2.b), only that portion of the Excess Inventory that meets customary requirements for blood type product mix, as determined by Red Cross in its reasonable discretion. Notwithstanding Section 1.d) to the contrary, Red Cross shall take possession of the finished blood products in inventory on the Closing Date no later than the first calendar day following the Closing Date, and Red Cross shall take possession of all work-in-process blood products in inventory on the Closing Date no later than the first calendar day following the date such work-in-process becomes finished inventory.
Inventory Purchase. (a) Prior to the Closing Date, the Parties will coordinate in order to identify the total Inventory relating to the Divisions and the Assets, which Inventory and purchase price thereof to be paid by Purchaser shall be set forth on Section 2.5 of the Disclosure Schedule (the “Inventory Schedule”), provided that the Seller shall update the Inventory Schedule within thirty (30) days after the Closing to reflect any adjustments and/or corrections to the Inventory as of the Closing Date. The purchase price for each item of Inventory on the Inventory Schedule shall be determined in a manner consistent with Seller’s past practice and as follows:
Inventory Purchase. AI shall pay to Vysis in U.S. Dollars the net book value of the Inventory identified by AI in SCHEDULE 3 up to Five Hundred Thousand Dollars ($500,000) within forty-five (45) days of the Closing by wire transfer. In regards to any additional Inventory identified by AI on SCHEDULE 3 in excess of the $500,000 net book value limit (including demonstration units), AI shall make payment to Vysis within one hundred-eighty (180) days of the Closing by wire transfer.
Inventory Purchase. Acura shall test the items listed on Exhibit 6.9 at Acura’s cost in accordance with Egalet’s standard operating procedures for its viability for use in manufacturing the Product and shall provide Egalet with the results of such testing in writing. If such testing confirms that such items meet the specifications for such materials, Egalet shall purchase such API and packaging inventory, as listed on Exhibit 6.9, from Acura at Acura’s cost (as specified in such Exhibit). [*****] Prior to use of the API comprising a portion of the purchased inventory, Egalet shall conduct such testing as it shall determine reasonably necessary to confirm such API meets applicable specifications. If the API fails to meet applicable specifications, Egalet shall return such non-conforming API to Acura and Acura shall refund to Egalet all amounts paid therefor, including shipping costs. To the extent Egalet, its Affiliates or its Contract Manufacturer, have been unable to use the purchased inventory in the Manufacture of the Product within [*****] following the Launch of the Product, Egalet may return such remaining purchased inventory to Acura for a refund (determined based on the unit costs provided in Exhibit 6.9). ***** Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission; omitted portions have been separately filed with the Commission.
Inventory Purchase. (a) At the Closing, the Buyer shall pay the Seller an amount (the “Inventory Payment”) as an initial payment for the estimated value of the Inventory as of the Closing Date. The Inventory Payment shall be an amount equal to the value of the Inventory as determined by the Seller two (2) Business Days prior to the Closing Date. The Seller shall determine the Inventory volume based upon product summary reports for each of the respective locations of the Inventory and shall value the Inventory utilizing the pricing formula set forth in Exhibit 2.6 hereto.
Inventory Purchase. Immediately following Closing under the Land America Asset Purchase Agreement, Nautilus shall cause Buyer to purchase from Seller that portion of Seller’s Inventory not otherwise purchased pursuant to the Land America Asset Purchase Agreement. The purchase price for such Inventory (the “Inventory Purchase Price”), subject to adjustment as provided in this Agreement, shall be the RMB equivalent of Four Million Five Hundred Thousand U.S. Dollars (US$4,500,000) and shall be paid by wire transfer of such amount to Seller no later than five (5) Business Days following Closing according to the payment instructions delivered pursuant to the Land America Asset Purchase Agreement. Seller acknowledges that the Purchase Price for the Assets under the Land America Asset Purchase Agreement includes Five Hundred Thousand U.S. Dollars (US$500,000) as the estimated value of the work in process inventory included in Seller’s Inventory as of the Closing Date.
Inventory Purchase. As soon as practicable (but no later than June 2, 1999, Seller shall deliver to Buyer its production schedule covering inventory of Products scheduled for delivery on or after June 9, 1999. Buyer will promptly thereafter notify Seller of the inventory scheduled for delivery on or after June 9, 1999 that it wishes to purchase. Buyer agrees to pay for any purchases of Products under this Section 5.16 (not as part of the Purchase Price) within 30 days of receiving an invoice from Seller. The price for such inventory shall be Seller’s 1999 standard cost of goods (using generally accepted accounting principles consistently applied) or invoice price to Allergan, as applicable, plus 10%. Any inventory of Products manufactured by Seller on or after June 9, 1999 and any work in progress (defined as product in production, excluding raw material that have not been mixed or assembled) on the Closing Date shall not be deemed “Inventory” under this Agreement unless done so by Seller in Seller’s sole discretion. Seller will be free to cease production of inventory not purchased by Buyer under this Section 5.16, and Buyer hereby acknowledges and agrees that Seller will not be in violation of any covenants pertaining to the operation of the business before the Closing contained in this Agreement by reason of such cessation of production.
Inventory Purchase. 4 3.3 Closing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5 3.4
Inventory Purchase. The above notwithstanding, the licensing party may elect to reimburse licensee for its duplication cost for such Inventory, payment terms net-30, in which case the licensee shall have no further rights of any kind with respect to the same.
Inventory Purchase. Upon the effective date of cancellation or termination of this Agreement by PYRAMID:
