Inventory Bank definition

Inventory Bank means an adequate quantity of safety stock of finished Parts and raw materials, at the most-current design level, based on Deere’s projected requirements of the Parts for the period designated by Deere as provided herein.
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Inventory Bank means an adequate quantity of safety stock of finished Goods and raw materials, at the most current design level, based on Buyer's projected requirements of the Goods as set forth in any Releases or Purchase Orders issued to Seller hereunder.]
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Inventory Bank means, at any time, no less than Five percent (5%) of the total number of units of the relevant Product which has been ordered in the immediately preceding 12 month period, until expiry of the applicable Warranty Period in accordance with Section 8.01 hereof).
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Examples of Inventory Bank in a sentence

  • In case of any loss involving damage to Equipment or Inventory Bank will determine whether such insurance proceeds shall be used (a) to make or cause to be made the necessary repairs to or replacements of such Equipment or Inventory or (b) to pay the Secured Obligations, and if there are any contingent Secured Obligations, to provide cash collateral to cover such Secured Obligations.

  • Throughout the Term, Seller must: (a) maintain the capacity and availability to supply Buyer’s requirements for the Products as communicated by Buyer to Seller, at Buyer’s sole discretion, from time to time; (b) provide quotations to Buyer in a timely manner whenever so requested by Buyer; (c) maintain an Inventory Bank at its sole expense and risk; and (d) not prioritize its commitments to any other customer of Seller to the detriment of any of its obligations under the Agreement.

  • The Customer will pay for the Inventory Bank at the applicable Purchase Contract price and in accordance with the terms of the applicable Purchase Contract, both as adjusted by this Agreement.

  • As long as such notice has been provided, the Parties shall agree to a final disposition of such Slow-Moving Inventory Bank in no [ * ] after such notice has been provided.

  • In case of any loss involving damage to Equipment or Inventory, Bank will determine whether such insurance proceeds shall be used (a) to make or cause to be made the necessary repairs to or replacements of such Equipment or Inventory or (b) to pay the Secured Obligations, and if there are any contingent Secured Obligations, to provide cash collateral to cover such Secured Obligations.

  • In the event that Bank accelerates Borrower's obligations under the Credit Agreement, and elects to realize upon its security interest in Scrap Butyl Inventory, Bank and Creditor will use reasonable efforts to cooperate in the liquidation of the Scrap Butyl Inventory.

  • GM will reimburse Supplier for the incremental costs that Supplier reasonably incurs in connection with building and shipping the Inventory Bank Parts, including, without limitation, overtime costs, special packaging costs, and handling costs, as applicable (the “Incremental Bank Costs”), provided that such Incremental Bank Costs are approved by GM in advance and in writing, which approval shall not be unreasonably withheld.

  • No consent to an assignment by Exhibit 10.5 LOAN & SECURITY AGREEMENT (Accounts & Inventory Bank shall release Borrower or any guarantor from their Obligations to Bank.

  • Pure shall pay ICC a storage cost for Pure-owned inventory and the Slow-Moving Inventory Bank at the rate reflected on Schedule 1 attached hereto.

  • As mutually agreed upon by the Parties, ICC will provide notice to Pure of the existence of any Slow-Moving Inventory Bank after it determines the existence of such Slow-Moving Inventory Bank.

Related to Inventory Bank

  • 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.

  • 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.

  • Inventory Formula Amount means (i) the lesser of (x) 75% of the Value of Eligible Inventory and (y) 85% of the NOLV Percentage of the Value of Eligible Inventory plus (ii) the lesser of (x) the lesser of (1) 75% of the Value of Eligible In-Transit Inventory and (2) 85% of the NOLV Percentage of the Value of the Eligible In-Transit Inventory and (y) $10,000,000.

  • 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.

  • Obsolete Inventory means items that have expired, are redundant or damaged;