CPD Inventory definition
CPD Inventory means the inventory owned by AMD and used exclusively in connection with the Business, consisting of finished goods and work in process (i) which has progressed beyond the point in the manufacturing process where the inventory would be saleable to the Company under the terms of the Wafer Fabrication Agreement in the form attached hereto as Exhibit F; (ii)
CPD Inventory means the inventory owned by AMD and used exclusively in connection with the Business, consisting of finished goods and work in process (i) which has progressed beyond the point in the manufacturing process where the inventory would be saleable to the Company under the terms of the Wafer Fabrication Agreement in the form attached hereto as Exhibit F; (ii) --------- consisting of unsorted wafers exfactory under the Logic Foundry Agreement between AMD and UMC, dated as of March 17, 1998 and (iii) consisting of sorted wafers exfactory under either the Wafer Supply Agreement between AMD and Sony Microelectronics, dated as of April 3, 1995 or the Wafer Supply Agreement to be entered into by the Company and Sony Microelectronics.
Examples of CPD Inventory in a sentence
The CPD Inventory consisting of finished goods set forth --------- on the unaudited balance sheet of the Business at December 26, 1999 (the "Balance Sheet") is, and the CPD Inventory consisting of finished goods as of ------------- the Closing shall be, in good and marketable condition and salable in the normal course of the Business, as currently conducted.
The CPD Inventory on the Balance Sheet is valued in accordance with GAAP and the historical inventory valuation policies of the Business at the lower of cost or market, and allowances have been established on the date of the Balance Sheet for slow moving, obsolete or unusable inventories.