Product Inventory definition

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).

Examples of Product Inventory in a sentence

  • Subject to Section 4.2, in connection with establishing the Target Product Inventory for each Product Group, the Parties agree to follow the procedures set forth on Schedule F.

  • In the event that all actual Product Inventory quantities are not known prior to Closing, the Seller shall make a good faith estimate of the Product Inventory quantities and the related Product Inventory Value Amount, which information shall be attached to the Interim Closing Statement.

  • Upon Closing, Seller shall sell, transfer, assign, convey and deliver, or shall cause to be sold, transferred, assigned, conveyed and delivered to Buyer, the Product Inventory.

  • For any Product Inventory maintained and managed by Flextronics in excess of Customer's Forecast and the Product Inventory buffer because of Customer's failure to take delivery of Product in accordance with its forecast, Customer shall pay Flextronics an inventory fee of one (1%) percent of the Product price for two four-week periods and one five-week period during each Quarter, starting on the Effective Date.

  • Flextronics will maintain and manage Customer's Product Inventory so as to accommodate Customer's Forecast and to provide a Product Inventory buffer at no additional charge.


More Definitions of Product Inventory

Product Inventory means all items of the Sellersinventory purchased, acquired or held exclusively for the Business, including materials, work-in-process at the Site, finished products manufactured at the Site, C4 and C5 Olefins, MTBE, methanol, crude and finished butadiene and catalysts or other products or chemicals used in the processing and manufacture of crude butadiene, C4 and C5 Olefins and MTBE, in each case (except with respect to work-in-process) wherever located, in transit, stored off-site or at the Site or in the Facilities.
Product Inventory means all inventory owned as of the Closing by Seller of finished Compound or Product or works in progress or materials used in the manufacture of finished Product, whether held at a location or facility of Seller (or of any other Person on behalf of Seller, including in any of Seller’s warehouses, blenders, toll manufacturers, suppliers, distributors or consignees) or in transit to or from Seller (or any such other Person), including active pharmaceutical ingredient; provided that such Product is listed by Seller in Section 6.09 of the Seller Disclosure Schedule.
Product Inventory means, as of the applicable determination time, (a) all of the Product that is in a finally packaged form for distribution to end users with all legally required warnings, labeling and packaging, (b) all active pharmaceutical ingredients, and (c) all work-in-progress materials (meaning bulk tablets and blisters) and raw materials (including raw materials utilized for the manufacture of active pharmaceutical ingredients (including precursors and starting material, excipients and reagents)) and components (including excipients, inserts, labels and packaging materials), in the case of each of clauses (a) through (c), Related to the Program Business and that is owned by Seller or one of its Affiliates. Notwithstanding the foregoing or anything to the contrary in this Agreement, Product Inventory shall not include any Excluded Inventory.
Product Inventory means the NX1838 and Product inventory, in bulk or finished form, which Gilead Controls as of the Effective Date, as identified in Exhibit C attached hereto.
Product Inventory means all of the following included in the Inventory: (i) all usable and saleable case goods and other finished goods; (ii) all blended and unblended bulk wine; (iii) the Bailment Inventory; and (iv) all unlabeled case goods.
Product Inventory all inventory owned as of the Closing Date by each Company (including sample inventory) thereof of finished Product or works in progress or materials used in the manufacture of finished Product, whether held at a location or facility of either Company (or of any other Person on behalf of either Company) or in transit to or from either Company.