Customer Returned Goods definition

Customer Returned Goods means returned merchandise, finished goods or inventory that were sold or delivered prior to the Closing to a customer and returned to Sellers after the Closing Date, to the extent such return is consistent with Seller's customary policies.
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Examples of Customer Returned Goods in a sentence

  • Buyer agrees that Seller shall utilize components relating to customer returned goods ("Customer Returned Goods") to fulfill its obligations under this clause (ii).

  • Prior to delivery in accordance with the Delivery Schedule, Seller shall be obligated to store, at its sole cost and expense, all such Inventory MTs and Upgraded Customer Returned Goods.

  • Seller shall have no obligation to upgrade any of the Customer Returned Goods except those which constitute Upgraded Customer Returned Goods as provided in Section 8(l)(ii).

  • At the request of Buyer, Seller shall be obligated to store, at Buyer's sole cost and expense as set forth in Schedule 8(l)(iii), any such Inventory MTs and Upgraded Customer Returned Goods from and after the scheduled date of their delivery in accordance with the Delivery Schedule; provided, however, Buyer shall remove or cause to be removed all such items at its sole cost and expense no later than June 30, 1998.