Consigned Inventory definition

Consigned Inventory means Inventory of any Borrower that is in the possession of another Person on a consignment, sale or return, or other basis that does not constitute a final sale and acceptance of such Inventory.

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Consigned Inventory means Inventory of any Credit Party that is in the possession of another Person or Inventory of a supplier that is in the possession of a Credit Party on a consignment, sale or return, or other basis that does not constitute a final sale and acceptance of such Inventory.

Consigned Inventory means End-of-Life Inventory or Exceptional Excess Inventory or other Inventory purchased by Nortel Networks but held by Flextronics under the terms set out in Section 3.6.

Examples of Consigned Inventory in a sentence

• The financial responsibility resulting in any discrepancies of the Consigned Inventory shall be negotiated in good faith by the parties.

• The Company, at its expense, may review books and records of Sales Agent as they relate to Consigned Inventory as well as to physically audit the Consigned Inventory, and Sales Agent agrees to cooperate with such review.

• Except to the extent that such Consigned Inventory has been consigned to a hospital in accordance with Section 7.7, if any Consigned Inventory is returned damaged, then the Company, to the extent possible, will repair or refurbish the Consigned Inventory and invoice Sales Agent for the cost of said repairs and handling.

• Should ZEISS conduct an audit of the Consigned Inventory and determine that a shortfall exists due to Customer damage, use, loss, or otherwise, Customer agrees to provide ZEISS with implant information (if applicable) and a purchase order for payment of the implanted, damaged, lost or otherwise unaccounted lenses.

• For the avoidance of doubt, Customer accepts all risk of loss and full responsibility for the condition of, any shortages in and the payment for all Consigned Inventory which may be used, lost, expired, unreturned prior to expiration, or damaged.

More Definitions of Consigned Inventory

Consigned Inventory means inventory owned by Seller, stocked at Buyer’s site for Buyer’s specific use. Consigned Inventory shall include consumable and/or non-consumable, repairable and/or non-repairable Spare Parts and PM kits as Buyer site elects.

Consigned Inventory means finished goods Inventory which is stored at customers’ facilities on “consignment” as defined in the UCC.

Consigned Inventory means Inventory of any Borrower or any Canadian Loan Party that is in the possession of any such Person or any another Person on a consignment, sale or return, or other basis that does not constitute a final sale and acceptance of such Inventory.

Consigned Inventory means those goods consigned by C&B Newco, LLC to the Company pursuant to (i) that certain Consignment Agreement, dated as of March 1, 2021, between C&B Newco, LLC and the Company and (ii) that certain Amended and Restated Consignment Agreement effective as of November 23, 2022, between C&B Newco LLC and the Company.

Consigned Inventory. Inventory held by a Borrower on consignment (including, without limitation, GE lightbulbs).

Consigned Inventory or “Consignment Inventory” means inventory owned by Sycamore but located at Supplier’s site.

Consigned Inventory means the goods held by the Company for sale on behalf of the Company's customers.