Common use of Inventory Repurchase Clause in Contracts

Inventory Repurchase. If NETGEAR cancels this Agreement without cause or if Distributor terminates this Agreement for breach of a material obligation by NETGEAR, NETGEAR shall repurchase from Distributor, at Distributor's option, all Product in Distributor's inventory on the effective date of cancellation, provided NETGEAR verifies that a) the products are in their original shipping containers and have not been altered, damaged or used, and b) the Products have been included in the appropriate monthly inventory reports submitted per Section 11. The repurchase price shall be the price actually paid by Distributor less any prior credits. Upon termination, Distributor agrees contact NETGEAR for an RMA number and to ship the repurchased Products to NETGEAR's plant, freight prepaid.

Inventory Repurchase. If NETGEAR cancels this Agreement without cause or if Distributor terminates this Agreement for breach of a material obligation by NETGEAR, NETGEAR shall repurchase from Distributor, at Distributor's option, all Product Products in Distributor's inventory on the effective date of cancellation, provided NETGEAR verifies that a) the products Products are in their original shipping containers and have not been altered, damaged or used, and b) the Products have been included in the appropriate monthly inventory reports submitted per Section 11. The repurchase price shall be the price actually paid by Distributor less any prior credits. Upon termination, Distributor agrees contact NETGEAR for an RMA number and to ship the repurchased Products to NETGEAR's plant, freight prepaid.