Restricted Inventory definition

Restricted Inventory means any Products that fail to conform to the Final Batch Specifications for such Products but for which the Parties agree can be reworked by Buyer to meet the Final Batch Specifications using commercially reasonable efforts.
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Restricted Inventory means any Inventory sold by the Borrower or any Subsidiary and for which sale the Borrower of such Subsidiary has received payment but which Inventory has not yet been delivered to, and is not yet in the process of being delivered to, in each case as classified in deferred revenues in accordance with GAAP, the customer who has purchased such Inventory.
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Examples of Restricted Inventory in a sentence

  • Within ninety (90) days after the Transfer Measurement Date, Producer will transfer the remaining Restricted Inventory and RM&I exclusive to such transferred Product and invoice Buyer for such materials and their packaging at cost.

  • If agreement is reached in writing within such fifty (50)-day period as to all proposed changes, or that no changes are necessary, the Parties shall revise the Restricted Inventory Value Statement accordingly.

  • If a timely Notice of Objection is delivered to Buyer, then the Restricted Inventory Value Statement shall become final and binding on the Parties on the first to occur of (x) the date the Parties resolve in writing any differences they have with respect to the matters specified in the Notice of Objection and (y) the date all matters in dispute are finally resolved in writing by either the Independent Analyst or the Accountants, in each case as provided below.

  • Buyer shall prepare and deliver to Sellers a statement (the “Restricted Inventory Value Statement”) indicating the amount of such Restricted Inventory that is useable by Buyer, and calculating the purchase price for such Restricted Inventory (the “Restricted Inventory Value”), based on the pricing set forth on Section 4.02(a) of the Sellers Disclosure Schedule, along with supporting written documentation.

  • The determination of the Independent Analyst or the Accountants shall be delivered as soon as practicable following engagement of the Independent Analyst or the Accountants, with the Independent Analyst or Accountants being requested to conclude their engagements no more than thirty (30) days thereafter, and shall be final, conclusive, and binding upon the Parties, and the Parties shall revise the Restricted Inventory Value Statement accordingly.

  • All prescription merchandise located at the Pharmacies (the “Inventory”) set forth in the inventory instructions attached hereto as Schedule A (the “Inventory Instructions”), subject to the exclusions set forth on Schedule A and not including the Restricted Inventory (unless and until such Restricted Inventory becomes Released Inventory).

  • The Restricted Inventory Value Statement shall become final and binding upon the Parties at the end of such sixty (60)-day period, unless Sellers object to the Restricted Inventory Value Statement, in which case they shall send a notice (the “Notice of Objection”) to Buyer within such period, setting forth in specific detail the basis for their objection and their proposal for any changes to the Restricted Inventory Value Statement.