Definition of TEI's Cost


TEI's Cost means the transfer price for any Product which shall be calculated at the point of distribution by TEI based on TEI's cost to acquire and/or ship the Product.

Examples of TEI's Cost in a sentence

Upon the expiration or termination of this Agreement for any reason, TEI shall submit to EMI within ten (10) days a summary of the number and type of Products on order or held in stock by TEI for EMI based on EMIS sales forecasts, including EMI Unique Inventory and TEI Products, and EMI shall purchase all EMI Unique Product inventory from TEI at TEI's Cost, plus shipping and insurance at EMIS expense, within ten (10) days following receipt of such notice.