Examples of Excess Inventory in a sentence
Customer shall pay Flex a carrying cost fee equal to the value of the Excess Inventory times the Monthly Charges.
Prior to invoicing Customer for the amounts due pursuant to Sections 6.1, 6.2, and this Section 6.3 (other than the carrying charges for Excess Inventory), Flex shall use commercially reasonable efforts for a period not to exceed fourteen (14) days from the date of any such reports, to return for refund unused Materials from Excess, Obsolete, Aged Inventory and Special Inventory, to cancel pending orders for such inventory, and to otherwise mitigate the amounts payable by Customer.
Customer shall purchase Excess Inventory that has been Excess Inventory for at least three (3) months, as identified by Flex in each monthly report, at a price equal to (as applicable) the price from the Fee List for any finished Products, the cost for any partially completed Products, or Standard Cost plus MOC for any other Excess Inventory.
Such Excess Inventory reports shall normally be deemed agreed to by Customer, unless Customer provides a written objection within fourteen (14) days of the end of the corresponding calendar month.