Retained Inventory definition
Examples of Retained Inventory in a sentence
All Inventory other than the Transferred Inventory shall be retained by the Seller (“Retained Inventory”), and, notwithstanding Section 7.11 of this Agreement, the Seller shall have the right to sell such Retained Inventory from time to time to third parties in its sole discretion.
Seller shall pay to Buyer a commission equal to 9% of gross sales on the Retained Inventory.
All of Sellers' inventories, as of the Closing, located on the Real Property or otherwise identified on Schedule 1.1(c)(i), including without limitation finished goods, work-in-process, raw materials, supply and samples inventories, and other inventories, excluding only the Retained Inventory (hereinafter defined) described on Schedule 1.1(c)(ii).
Except for the Assumed Liabilities, the Purchasers shall not assume, or be deemed to assume, under this Agreement or otherwise by reason of the Contemplated Transactions, any other liabilities, obligations or commitments of the Sellers of any nature whatsoever, including, but not limited to, any liability or obligation of the Sellers listed in Section 2.2(c) of the Disclosure Schedule and Retained Inventory Liabilities (as defined herein) (collectively, the “Retained Liabilities”).
If Allstar has any of the goods specified in the communication in its Retained Inventory, and is willing to sell such goods to Amherst Southwest, then Allstar shall so notify Amherst Southwest within thirty (30) minutes if the order is communicated before 7:30 p.m. Central Time on a Business Day, or otherwise by 9:00 a.