Common use of Materials Inventory Clause in Contracts

Materials Inventory. Seller will perform a physical inventory of Materials each April and October during each year of the Term and upon termination of this Agreement in order to reconcile (i) the actual cost of Materials utilized in the production of Product delivered to Purchaser during the period (the "Inventoried Period") since the last such inventory (or since the start of the Term if no such prior inventory has been performed) and (ii) the amount paid by Purchaser therefor.

Materials Inventory. Seller will perform a physical inventory of Materials each April and October during each year of the Term and upon termination of this Agreement in order to reconcile (i) the actual cost of Materials utilized in the production of Product delivered to Purchaser during the period (the "Inventoried Period") since the last such inventory (or since the start of the Term if no such prior inventory has been performed) and (ii) the amount paid by Purchaser thereforthere for.