Common use of Inventory Statement Clause in Contracts

Inventory Statement. Within thirty (30) days of the date of ------------------- expiration or the effective date of termination with respect to any or all Licensed Products, Licensee shall provide Sony with an itemized statement, certified to be accurate by an officer of Licensee, specifying the number of unsold units of the Licensed Products as to which such termination applies, on a title-by-title basis, which remain in its inventory and/or under its control at the time of expiration or the effective date of termination. Sony shall be entitled to conduct a physical inspection of Licensee's inventory and work in process during normal business hours in order to ascertain or verify such inventory and/or statement.

Appears in 2 contracts

Samples: License Agreement (Interplay Entertainment Corp), License Agreement (Interplay Entertainment Corp)

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Inventory Statement. Within thirty (30) days of the date of ------------------- expiration or the effective date of termination with respect to any or all Licensed Products, Licensee shall provide Sony with an itemized statement, certified to be accurate by an officer of Licensee, specifying the number of unsold units of the Licensed Products and PlayStation Hardware as to which such termination applies, on a title-by-title basis, which remain in its inventory and/or under its control at the time of expiration or the effective date of termination. Sony shall be entitled to conduct a physical inspection of Licensee's inventory and work in process during normal business hours in order to ascertain or verify such inventory and/or statement.

Appears in 2 contracts

Samples: Sale and License Agreement (Lightspan Partnership Inc), Sale and License Agreement (Lightspan Partnership Inc)

Inventory Statement. Within thirty (30) days of the date of ------------------- expiration or the effective date of termination with respect to any or all Licensed Products, Licensee shall provide Sony with an itemized statement, certified to be accurate by an officer of Licensee, specifying the number of unsold units of the Licensed Products as to which such termination applies, on a title-by-title basis, which remain in its inventory and/or under its control at the time of expiration or the effective date of termination. Sony shall be entitled to conduct a physical inspection of Licensee's inventory and work in process during normal business hours in order to ascertain or verify such inventory and/or statement.

Appears in 1 contract

Samples: Sony PSX License Agreement (THQ Inc)

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Inventory Statement. Within thirty (30) days of the date of ------------------- expiration or the effective date of termination with respect to any or all Licensed Products, Licensee shall provide Sony with an itemized statement, certified to be accurate by an officer of Licensee, specifying the number of CONFIDENTIAL unsold units of the Licensed Products as to which such termination applies, on a title-by-title basis, which remain in its inventory and/or under its control at the time of expiration or the effective date of termination. Sony shall be entitled to conduct a physical inspection of Licensee's inventory and work in process during normal business hours in order to ascertain or verify such inventory and/or statement.

Appears in 1 contract

Samples: License Agreement (Acclaim Entertainment Inc)

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