Aged Inventory definition

Aged Inventory means any Inventory and Special Inventory for which there has been zero or insignificant consumption for such Inventory over the past [***], which includes any particular item that Flextronics has had on hand for more than [***].

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Aged Inventory means any Inventory and/or Special Inventory for which there has been zero or insignificant consumption for such Inventory and/or Special Inventory during the prior 180 days.

Aged Inventory means either of any Product, partially completed Product, Inventory or Special Inventory, or some or all, for which there has been zero or insignificant consumption over the past six (6) months, which includes any particular item that Flex has had on hand for more than six (6) months.

Examples of Aged Inventory in a sentence

At the end of every calendar month, Flextronics shall report the Aged Inventory.
At the end of every calendar month, Flextronics shall report the Aged Inventory to Customer.
After a validation period, which shall not exceed 15 days, Customer shall purchase the Aged Inventory at a price equal to the Affected Inventory Costs.
Flextronics will ship the Inventory, Special Inventory, Excess Inventory, Obsolete Inventory and/or Aged Inventory purchased by Customer pursuant to this Section 5 to Customer promptly upon said payment by Customer.
In the event Customer does not pay within thirty (30) days, Flextronics will be entitled to dispose of such Inventory, Special Inventory, Excess Inventory, Obsolete Inventory and/or Aged Inventory in a commercially reasonable manner and credit to Customer any monies received from third parties.

More Definitions of Aged Inventory

Aged Inventory means any Inventory (other than Replenishment Inventory, Ongoing Inventory or any Piece Goods Inventory) more than six (6) months old and subject of a Customer Order as of any date of determination.

Aged Inventory means any Inventory and/or Special Inventory for which there has been zero or insignificant consumption

Aged Inventory means any Inventory that Supplier has had on its books for more than [***].

Aged Inventory means any excess Components procured by MANUFACTURER in line with current lead times and appropriate forecast that remains in MANUFACTURER’s inventory for more than one hundred twenty (120) days beyond the last consumption timeline within the forecast.

Aged Inventory means any Acquired Inventory that was intended for sale by Seller for an apparel season that began before January 1, 2011.

Aged Inventory is defined as any Necessary or Customized Materials more than * old from the SYNNEX receiving date. VA Linux shall reimburse SYNNEX as a prepayment for any * Aged Inventory in accordance with Section 2.2.1(ii) or Section 2.2.1(iii), as applicable, and by no later than *. SYNNEX shall pay VA Linux the reselling price of Necessary Materials (prepaid in full by VA Linux) within * after such resale. This prepayment for * Aged Inventory shall commence as of *.

Aged Inventory means any Inventory (including Special Inventory) for which there has been [***] consumption over the past [***], which includes any particular item that Supplier has had on hand for more than [***].