Commercial Inventory definition

Commercial Inventory means any Inventory which has been approved for marketing in the United States by the United States Food and Drug Administration.
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Commercial Inventory. LEVEL shall mean the level of inventory held by wholesalers as determined on a monthly basis and reported to Kos by IMS, expressed as the number of months of inventory held by such wholesalers. The Commercial Inventory Level as of ***** (solely for purposes of Section 4.2 (d)) and *****, shall be calculated by reference to the IMS Inventory Data as set forth in the preceding sentence, provided that such calculation shall be adjusted as necessary to more accurately reflect Kos' actual inventory level in light of deviations in customer buying patterns as evidenced by orders for the Products from Kos' customers, prescription trends for the Products and other indicia of the actual amount of inventory held by Kos customers as of such date. Any such adjustment to the Commercial Inventory Level as of such dates shall be made by the Steering Committee.
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Examples of Commercial Inventory in a sentence

  • You shall be responsible for all billing and the collection of all amounts due in connection with the sales of the Commercial Inventory and ABC shall have no liability therefor.

  • ABC hereby accepts the appointment under Paragraph 1 hereof and agrees to solicit, promote, negotiate and enter into agreements with respect to the sale of Cafe USA commercial advertising inventory in the Media (the "Commercial Inventory").

  • ORIGINAL COST BY YEAR OF ACQUISITION 2013 3422313 3422313 2012 0 2011 0 2010 0 2009 0 2008 0 20070 2006and prior0 TOTAL COST COLUMNS A-G +-3422313 DESCRIBE B through G PROPERTY HERE: 2 Commercial Inventory.

  • All Commercial Inventory is in all material respects of good and marketable quality, free from material defects.

  • Prior to February 15, 2007, the Steering Committee shall adjust the Net Sales for the fourth quarter of the 2006 Year, in accordance with the methodology described in Section 1.3, as necessary to include or exclude Net Sales to the extent that the Commercial Inventory Level on December 31, 2006, is less than or greater than Commercially Appropriate Inventory Levels.

  • Spartan shall have no liability to Sponsor as a result of the sale of Local or Re-Exhibition Commercial Inventory even if sold to advertisers that compete with Sponsor and such occurrence shall not be deemed an Unavailable Benefit.

  • At the end of each calendar month during the term hereof, you shall each deliver ABC a statement setting forth the name of each advertiser that purchased Commercial Inventory, the gross revenue and Net Advertising Revenue received from such advertiser and the Commissions due ABC with respect to such calendar month.

  • Such fronting fee shall be payable in advance on the date of issuance of such Commercial Inventory Letter of Credit and shall be nonrefundable.

  • ABC shall have the right to audit and examine your books, at its own expense, with respect to the Commercial Inventory in this Agreement, during reasonable business hours upon five (5) days notice no more than twice each Contract Year.

Related to Commercial Inventory

  • Product Inventory means all inventory owned as of the Closing by Seller or any Affiliate thereof of finished Product that is in conformance with the Specifications and has an expiration date of October 1, 2016 or later, regardless of whether such inventory is held at a location or facility of Seller or any Affiliate (or of any other Person on behalf of Seller or any Affiliate, including in any of Seller’s warehouses, manufacturers, suppliers, distributors or consignees) or in transit to or from Seller or any Affiliate (or any such other Person).

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Eligible Finished Goods Inventory means Inventory that qualifies as Eligible Inventory and consists of first quality finished goods held for sale in the ordinary course of Borrowers’ business.

  • In-Transit Inventory means Inventory of a Borrower which is in the possession of a common carrier and is in transit from a Foreign Vendor of a Borrower from a location outside of the continental United States to a location of a Borrower that is within the continental United States.

  • Finished Goods means units of a manufactured product awaiting sale.