Field Inventory definition

Field Inventory shall have the meaning set forth in Section 1.05(c).
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Field Inventory means all inventory of Product owned by Seller, whether subject to current rental or otherwise, and not maintained at Seller’s office premises, including, without limitation, all Product maintained on a consignment basis at clinics, with physicians, physical therapists or otherwise on a consignment basis, all Products in the possession of end-user customers on a rental basis, and all Products in the possession of sales agents, independent representatives, employees or agents as demonstration copies.
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Examples of Field Inventory in a sentence

  • Seller shall prepare as Schedule 1.05(c) and deliver just prior to Closing a good faith estimate of its direct cost of finished goods inventory that is not located in one of Seller's facilities at the time of Closing (collectively, the "Field Inventory").

  • Any item of Field Inventory that is implanted in a surgical procedure that is not covered by a representative of Seller during the two (2) weeks following the Closing shall constitute a sale of product by Buyer and shall be purchased by Buyer.

  • Any item of Field Inventory that is implanted in a surgical procedure that is covered by a representative of Seller during the two (2) weeks following the Closing shall constitute a sale of product by Seller and such item of Field Inventory and any associated purchase order, shall not be purchased by Buyer.

  • Upon installation, the Customer will execute the System Acceptance form attached as Exhibit 2 to the Agreement, other than for single day evaluations initiated pursuant to a Field Inventory Transaction agreement.

  • In lieu of the return of sellable inventory by Retailer, a deduction of [**]% of Standard Wholesale Price, but not to exceed the difference between the Distributor Wholesale Price less applicable MDF and $0.00, will be made by the Distributor for each unit of remaining sellable inventory in the possession of the Retailer ("Field Inventory").

  • For each State, the Applicant shall prepare a comprehensive Inventory Report or Reports incorporating findings from the Class III Intensive Field Inventory, the geo- archaeological study, the Historic Built-Environment study, and the study on the effects of the Undertaking on historic properties in the APE for indirect effects.

  • Promptly after the second week following the Closing, Seller shall prepare in good faith and deliver to Buyer a revised and updated 3 of 15 statement of Seller's direct cost for all remaining Field Inventory along with all such Field Inventory and any Facility Inventory not already delivered to Buyer.

  • The inventory of Products, raw materials, work in process, supplies and finished goods of Seller, including the Finished Goods Inventory and the Field Inventory, consists of items of a quality and quantity usable and, with respect to finished goods only, salable, in each case, in the Ordinary Course of Business.

  • For a period of six months after the Closing Date, (i) one hundred percent (100%) of the revenue received from sales of field inventory (up to the Field Inventory Cost) will be credited towards a positive Purchase Price adjustment, and (ii) fifty percent (50%) of the revenue received from sales of field inventory in excess of the Field Inventory Cost will be credited towards a positive Purchase Price adjustment.

  • A Class I Existing Data Inventory review and a Class III Intensive Field Inventory will be performed on all variance areas.

Related to Field Inventory

  • Product Inventory means all inventory owned as of the Closing by Seller or any Affiliate thereof of finished Product that is in conformance with the Specifications and has an expiration date of October 1, 2016 or later, regardless of whether such inventory is held at a location or facility of Seller or any Affiliate (or of any other Person on behalf of Seller or any Affiliate, including in any of Seller’s warehouses, manufacturers, suppliers, distributors or consignees) or in transit to or from Seller or any Affiliate (or any such other Person).

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Excluded Inventory has the meaning set forth in Section 2.2(b).

  • Consigned Inventory means Inventory of any Borrower that is in the possession of another Person on a consignment, sale or return, or other basis that does not constitute a final sale and acceptance of such Inventory.

  • Transferred Inventory has the meaning set forth in Section 2.2(a)(iii).