STALE INVENTORY. The Company may invoice the Buyer for any approved material (including safety stock) that has been held in inventory for more than sixty (60) days. the Buyer agrees that it shall be responsible for all costs associated with such stale inventory, provided that the Buyer will receive a credit for any amounts paid under this section when and if such stale inventory is used in manufacturing Product.
Appears in 2 contracts
Sources: Manufacturing Agreement (Xenonics Holdings, Inc.), Manufacturing Agreement (Xenonics Holdings, Inc.)