Inventory Purchase definition

Inventory Purchase means the obligation of CMI to purchase the quantity of LNGCo's inventory remaining in the storage tanks of the Sabine Pass Terminal as of the last day of the Term pursuant to the terms and conditions of Section 9.7. Title to such LNG inventory purchased by CMI shall pass from LNGCo to CMI on the final day of the calendar month of the Term, or such other day as the Parties may agree, at the Tailgate Price.”
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Inventory Purchase. MFGR agrees to purchase all "useable" on-hand Mobetron inventory from Siemens OCS at 80% of cost or estimated value within 30 days from the Commencement Date of this Agreement. Determination of useable inventory and value will be determined jointly by CUSTOMER and MFGR. Costs associated with devalued material, scrap, or rework of down rev. inventory purchased by MFGR will be passed on to CUSTOMER. Estimated price of the inventory being purchased is ***. (see separate list and Siemens OCS offer letter) MFGR further agrees to take over Long Lead /Specialty Material orders already on order from vendors (see list). MFGR is free to negotiate with vendors on a scheduled consumption rate, price, and quantity to support their own manufacturing needs. MFGR will communicate to the CUSTOMER if there are any charges associated with taking over existing material orders.
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Examples of Inventory Purchase in a sentence

  • The Borrower shall cause each Subsidiary which owns or acquires any Senior Collateral consisting of inventory to be party to the Intercompany Inventory Purchase Agreement.

  • The Inventory Purchase Agreement may not be amended, modified or supplemented, except for the addition of Loan Parties, or terminated without the prior written consent of the Administrative Agent.

  • Buyer will pay the Inventory Purchase Price to Manufacturer within thirty (30) calendar days of receipt of the inventory valuation and title to such Inventory will thereupon pass to Buyer.

  • Notwithstanding the provisions of Sections 1.6 and 1.7 above or any other provision of this Agreement, full payment by Nano to Zygo for the Purchased Inventory Purchase Price and Demo Equipment Purchase Price shall be completed (paid in full) no later than ten (10) business days after the first anniversary of the Closing.

  • On the Commencement Date, and subject to satisfaction of the conditions set forth in Section 2.6.1, ▇▇▇▇ agrees to purchase the Initial Inventory from PRC, subject to Section 3.5, based on the sum of, for each Product Group, the product of (a) the Estimated Step-in Product Benchmark applicable to each Product Group and (b) the Estimated Initial Inventory (based on the statement delivered by PRC) (the “Estimated Initial Inventory Purchase Price”).

  • The Borrower shall cause each Subsidiary which owns or acquires any Collateral consisting of inventory to be party to the Intercompany Inventory Purchase Agreement.

  • On the Commencement Date, and subject to satisfaction of the conditions set forth in Section 2.6.1, ▇▇▇▇ agrees to purchase the Initial Inventory from DCR, subject to Section 3.5, based on the sum of, for each Product Group, the product of (a) the Estimated Step-in Product Benchmark applicable to each Product Group and (b) the Estimated Initial Inventory (based on the statement delivered by DCR) (the “Estimated Initial Inventory Purchase Price”).

  • Any Person which at any time becomes a Loan Party shall become party to, and shall at all times comply with the terms and conditions set forth in, the Inventory Purchase Agreement including, without limitation, the obligation of each Loan Party (other than Designs Apparel, Inc.) to purchase of all of its Inventory exclusively from Designs Apparel, Inc, provided, however, ▇▇▇ may directly purchase de minimus amounts of Inventory for its own account.

  • Petro shall have delivered to Seller by wire transfer the Purchase Price attributable to each of the Real Property, the Personal Property, the Scheduled Contracts, and the Inventory Purchase Price.

  • The determination of the book value of the Purchased Inventory as of the Closing Date pursuant to this Section 1.6(c), shall, for all purposes of this Agreement, be the Purchased Inventory Purchase Price.

Related to Inventory Purchase

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

  • Inventory Value means the cost of property purchased by the trustee and the market value of other property at the time it became subject to the trust, but the trustee may use any value finally determined for the purposes of an estate or other transfer tax;

  • 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.

  • Sale Assets is defined in Section 5.2(a)(ii).