Inventory Charge definition
Examples of Inventory Charge in a sentence
The Reduced Inventory Charge shall be invoiced by Patheon within [***] after the expiration of each affected Reduced Demand Supply Year and undisputed invoices shall be due and payable not later than [***] after receipt of such invoices.
If Owner fails to remove any Excess Inventory or pay the Excess Inventory Charge on a timely basis, BMG, subject to the provisions embodied in Paragraph 11(a)(v)(8) and 14(g) hereof, will scrap the Excess Inventory at the applicable per unit price set forth in Exhibit A for scrapping.
As to each additional week (or portion thereof) beyond that initial fifteen (15) day period that the item has not been returned by Customer, Customer shall be charged an additional Non-Circulating Inventory Charge equal to that same amount.
In addition to payment of the Price for Product delivered, as consideration for the rights granted under this Section to reduce the Minimum Commitment, Tricida shall pay to Patheon the Reduced Inventory Charge for any affected Supply Years [***] as set out on Exhibit D (as adjusted by other provisions of this CSA) and the [***].
If Owner fails to remove any Excess Inventory or pay the Excess Inventory Charge on a timely basis, BMG, subject to the provisions embodied in Paragraph 11(a)(v)(B) and 14(g) hereof, will scrap such Excess Inventory at the applicable per unit price set forth in Exhibit A for scrapping.
In order to facilitate the efficient utilization of Linen Products and avoid the costs associated with excess inventory of clean Linen Products stored at Customer’s Facility, Customer will be subject to a Non-Circulating Inventory Charge determined in accordance with the following.
With respect to the handling and processing returns in excess of the number of units which BMG determines, in good faith, to be reasonable and returns of units which BMG determines are Non-BMG Product(s), BMG will be entitled to a "Returns Handling Charge." The "Returns Handling Charge" means the per unit dollar equivalent of the "Excess Inventory Charge" (as defined herein).
Thereafter, Owner, at Owner's election, will either remove such Excess Inventory for storage purposes only (at Owners sole cost and expense of removal and storage) within thirty (30) days of BMG's report under this Paragraph, or promptly pay BMG for each month that any Excess Inventory is retained or controlled by BMG beyond such thirty (30) day period an amount equal to the number of units of Excess Inventory multiplied by Seven ($.07) Cents (the "Excess Inventory Charge").
The items listed below will be charged at the following Prices per piece: Item Number Item Description Price Non- Circulating Inventory Charge Controlled Inventory Item AngelTrak Item 10.0519 TOWEL, KITCHEN WHITE/GREEN STR $0.1032 $0.0288 41.0499 SHEET, HOSPITAL WHITE W/BLUE C $0.5000 $0.1362 * 50.0507 SHEET, DRAW LIGHT WHITE W/GREE $0.3019 $0.0831 * 161.0373 GOWN, NURSING MOTHER PINK PRNT $0.5656 $0.3671 * 174.0539 GOWN, ISO.
The resulting quantity of each Non-AngelTrak Product will be deemed subject to a Non-Circulating Inventory Charge and, on that basis, Customer will be charged a Non-Circulating Inventory Charge as set forth in Exhibit B.