Customer-Specific Inventory definition

Customer-Specific Inventory means Inventory specifically identified or produced for a particular customer.
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Customer-Specific Inventory means certain Products identified by Seller to be “custom products” or “special order items” with no ready market other than Customer, regardless of whether any of the Products could be classified for any other reasons or circumstances as standard usage products with a readily available market. In the event Customer fails to timely purchase such Customer-Specific Inventory as described above, Seller may, but is not required to, dispose of such Customer-Specific Inventory in a manner of its choosing and invoice Customer for any and all fees or costs incurred for such disposal.
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Examples of Customer-Specific Inventory in a sentence

  • TTPL agrees to consign to ESPL certain inventory that is unique to existing TTPL customers, consisting primarily of TTPL raw material, as fully described in Schedule 6.2 (the "TTPL Customer-Specific Inventory").

  • ESPL shall use its best efforts to use the TTPL Inventory, but when it does so, ESPL shall submit quarterly written reports to TTPL of such use and TTPL will invoice ESPL for such TTPL Customer-Specific Inventory at TTPL's purchase price.

  • Within fifteen (15) days of such event, TTPL will refund the Purchase Price and the Exercise Price, if paid, and ESPL will return all TTPL Assets, Consigned Equipment, and TTPL Customer-Specific Inventory.

  • In the event Customer or Seller ceases to do business with the other, regardless of the reason, Customer will purchase any and all Customer-Specific Inventory that is in transit to Customer or held in inventory by Seller for Customer, in amounts not to exceed sixty (60) days of inventory based on Customer’s average daily purchases of the applicable Products.

  • If the TTPL Customer-Specific Inventory is not depleted within one (1) year after Closing, ESPL may return the TTPL Customer-Specific Inventory to TTPL at TTPL expense.

  • In the event Customer fails to timely purchase such Customer-Specific Inventory as described above, Seller may, but is not required to, dispose of such Customer-Specific Inventory in a manner of its choosing and invoice Customer for any and all fees or costs incurred for such disposal.