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.

Consigned Inventory means Inventory of any Loan Party 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.

Consigned Inventory means Inventory of a Person 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.

Examples of Consigned Inventory in a sentence

• Within 48 hours of a surgical procedure in which Consigned Inventory is used, Customer must provide Zimmer Biomet with a purchase order for any Consignment Inventory used in the surgical procedure or otherwise used, opened, lost or damaged, and also by way of notice to Zimmer Biomet to replenish Consigned Inventory if required by the Customer.

• Zimmer Biomet will consign to Customer such quantities of Consigned Inventory as Customer and Zimmer Biomet mutually agree are necessary to meet Customer’s long term requirements from time to time.

• Customer will use its best efforts to (i) identify all Consigned Inventory and Loan Kits as being the property of Zimmer Biomet, and (ii) store Consigned Inventory and Loan Kits separately from other property of or held by the Customer.

• Use of Consigned Inventory or Loan Kit Inventory by Customer shall be deemed to constitute an agreement by Customer to purchase the relevant Products in accordance with these Terms.

• Zimmer Biomet agrees, subject to these Terms, to deliver or procure the delivery of Consigned Inventory and Loan Kits to such site/s as agreed between Zimmer Biomet and the Customer in writing on the basis that all delivery costs including call out costs for urgent requests are payable by the Customer unless otherwise agreed in writing.

More Definitions of Consigned 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.

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

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

Consigned Inventory means Inventory of any Credit Party consisting of magazines which are on consignment to distributors in the ordinary course of business.