Payment for Inventory Clause Samples

Payment for Inventory. Payment for inventory shall be made by check drawn on Purchaser's checking account, which check shall be converted to a cashier's check the day of closing.

Payment for Inventory. (a) Nano is purchasing the inventory described in Schedule A-1 (the “Purchased Inventory”) for $2,014,000, subject to adjustment after Closing pursuant to Section 1.6(c) hereof (the “Purchased Inventory Purchase Price”). Nano shall pay for the Purchased Inventory in the manner described in this Section. Within ten (10) days after the end of the month in which Nano receives payment on the sale by Nano of each Automated Interferometer System that includes Purchased Inventory, Nano shall pay to Zygo an amount equal to the price paid to Nano by Nano’s customer for such entire system (adding back the dollar amount of any set-offs or other types of credits, or reductions to the purchase price actually applied, for amounts Nano may otherwise owe to such customer) but reducing such by the cost of the Head included in the Automated Interferometer System (which will be paid for in accordance with the Supply Agreement), to be applied toward the Purchased Inventory Purchase Price, until the total Purchased Inventory Purchase Price has been paid in full, and thereafter to the Demo Equipment Purchase Price (as defined below) until such amount has been paid in full. For example, if Nano sells an Automated Interferometer System for $1,200,000 that includes any Purchased Inventory, and the outstanding balance of the Purchased Inventory Purchase Price exceeds $1,200,000 at the time of such sale, then Nano shall pay to Zygo the amount of $1,200,000 less the cost of the Head included in such System (which will be paid for in accordance with the Supply Agreement) within ten (10) days after the end of the month in which Nano receives payment from Nano’s customer, and such amount shall be applied toward the outstanding balance of the Purchased Inventory Purchase Price. (b) Nano hereby agrees that, from and after the Closing Date until such time as the Purchased Inventory Purchase Price and the Demo Equipment Purchase Price have been paid in full (or, in the case of subsection (b)(v) below, until 30 days following the calendar quarter during which the last of such outstanding amounts shall have been paid in full): (i) in the production of any Automated Interferometer System, Nano shall first utilize the Purchased Inventory prior to utilizing alternatively available inventory (ii) Nano shall not use Purchased Inventory for any purpose other than the production of such systems or in connection with providing warranty service or other service with respect to Automated Interferometer...

Payment for Inventory. ▇▇▇▇▇▇ & ▇▇▇▇▇ will pay USF for all inventories within 30 days after the execution of this management Agreement.

Payment for Inventory. The Company and Purchaser acknowledge and agree that the Company is assigning to Purchaser, in connection with the Closing, the Company's inventory of Products. The Company agrees to account and pay for such inventory in accordance with the procedure set forth on Exhibit E.

Payment for Inventory. In addition to the Purchase Price according to Section 3.1 above, Buyer shall pay to Parent, acting on behalf of Sellers, in US dollars for the Inventory, based on the quantity document delivered pursuant to Section 2.12 by Parent at Closing; provided that, at the request of Parent, any such payment may be made directly to the relevant Seller. Buyer shall effect such payment by bank wire transfer so that Parent or relevant Seller shall receive it in its designated bank account within 10 (ten) days from Closing.

Payment for Inventory. The price paid by P-USA for the Inventory as set forth on Exhibit C and as determined in accordance with Section 2.7.

Payment for Inventory. For the period Seller provides sales and distribution services, Buyer shall make payment within 15 days of the reconciliation date in respect of inventory services occurring during the preceding fiscal month equal to an amount equal to the number of physical cases produced of Products or received from co-packers and contract manufacturers by individual Product, in each case, received during the applicable fiscal month (or portion thereof), multiplied by the applicable cost of each Product. At Buyer’s request, Seller will provide a reconciliation of Product inventory showing the result of (i) the sum of (A) Product inventory at the beginning of each fiscal month, (B) the quantity of Products produced during such fiscal month, (C) the quantity of Products received from contract manufacturers during such fiscal month and (D) the quantity of Products returned by customers during such fiscal month, reduced by (ii) the quantity of Products shipped to customers during such fiscal month.

Payment for Inventory. In addition to the Purchase Price according to Article 3.1 above, Buyer shall pay to Seller or an Affiliate of Seller in US Dollars, where this is the national currency, or in Swiss Francs, in all other countries, for the Inventory, based on the quantity document delivered by Seller at Closing, price per unit as set forth in Schedule 2.6. Buyer shall effect such payment so that Seller shall receive it on its designated bank account within 90 (ninety) days from the Effective Date (but in no event prior to Closing) subject to confirmation that inventories (other than those for the Products Dalmane/Dalmadorm and Librax for the U.S.-market) will not exceed 120 days supply in average

Payment for Inventory. ▇▇▇▇▇▇ & ▇▇▇▇▇ College will pay Institution for all inventory in two equal payments: 50% within sixty (60) days after the completion of a physical inventory, and 50% within one hundred twenty (120) days after the completion of that inventory.