Excess Inventory definition

Excess Inventory means all Inventory and Special Inventory possessed or owned by Flextronics that is not required for consumption to satisfy the next [***] of demand for Products under the then-current purchase order(s) and forecast.

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Excess Inventory means materials and components in Jabil inventory that are in excess of current Company demand that were reasonably purchased or are reasonably on non-cancelable, nonreturnable order by Jabil based on a Build Schedule Forecast, Build Schedule, or other written instruction by Company to Jabil, that exceed the next [***] days of Company’s Build Schedule Forecast, Build Schedule, and any other written instruction by Company to Jabil. Inventory becomes “Excess Inventory” when total inventory turns fall below [***] turns.

Excess Inventory has the meaning given in Clause 7.7.10;

Examples of Excess Inventory in a sentence

Provided Supplier validly procures or assembles the Inventory required pursuant to a Customer purchase order, and/or any Customer requested increase in the quantity of Products forecasted or ordered, Customer acknowledges liability for Excess Inventory and Obsolete Inventory (defined below) as set forth in subsections (c) and (d) below.
Supplier shall use commercially reasonable efforts to minimize Customer’s liability for Excess Inventory and Obsolete Inventory by modifying purchases of Materials based on then-current forecasts and purchase orders and/or attempting to return, resell or reuse Materials that are deemed Excess Inventory or Obsolete Inventory.
On a quarterly basis, Supplier will invoice, and Customer shall pay, for all Materials designated as Excess Inventory at the standard cost.

More Definitions of Excess Inventory

Excess Inventory has the meaning set forth in Section 2.1(n).

Excess Inventory means Advertising Inventory allocated to CIM or LWP as described in SECTION 4.3.2 ADVERTISING INVENTORY SPLITS (i) that such party is unable to sell prior to the day before the date on which such Advertising Inventory is first scheduled to run or (ii) upon declaration or designation by the party to which such Advertising Inventory was originally allocated pursuant to SECTION 4.3.2 ADVERTISING INVENTORY SPLITS.

Excess Inventory is defined as Materials on hand balance in excess of 180 days anticipated demand, is subject to the following:

Excess Inventory means that the aggregate quantity of LNG and Regasified LNG stored or present at the Terminal (in m3, MMBtu and kWh), exclusive of the Minimum Inventory, in the Terminal equals the working LNG storage capacity of the Terminal at a time when an LNG Vessel is at the berth at the conclusion of its Scheduled Arrival Window and has not been fully unloaded.

Excess Inventory means either of any Product, partially completed Product, Inventory or Special Inventory, or some or both, owned by Flex that is not required for consumption to satisfy the next thirty (30) days of demand for Products under the then-current purchase order(s) and Forecast.

Excess Inventory is defined as inventory on hand and Non-cancelable/Non-returnable on order that will be in excess of *** of demand as identified in either Orders or Forecasts.

Excess Inventory has the meaning set out in Article 13;