Title Inventory definition

Title Inventory means the inventory of Products transferred from the 3PL Inventory and stored and distributed by RxCrossroads pursuant to this SOW #2.
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Examples of Title Inventory in a sentence

  • Upon receipt of Customer’s approval of a purchase order, the subject Products shall be transferred to the Title Inventory.

  • RxCrossroads will visually inspect each shipment of Products to be transferred to the Title Inventory in accordance with RxCrossroads’ Standard Operating Procedures (“SOPs”) and Customer’s reasonable written requirements, as agreed upon in advance.

  • Title to, ownership of and risk of loss with respect to all Products shall remain with Customer until RxCrossroads has transferred the Product from the 3PL Inventory to the Title Inventory.

  • The price for the Products shall be the WAC at the time of the transfer of the Products to the Title Inventory.

  • Customer shall be responsible for all costs of returning (and, if prior to termination or expiration of this SOW #2, the replacement of) any such Title Inventory returned by RxCrossroads.

  • Title Inventory shall be picked pursuant to RxCrossroads’ SOPs, and packed pursuant to Customer packaging instructions.

  • RxCrossroads will remove Products from inventory to fulfill orders received (including purchase of product by RxCrossroads for Title Inventory (as defined in SOW#2)).

  • Customer shall be responsible for the difference in the [Redacted: Purchase Price] of the Title Inventory and the actual sale price of Title Inventory (if lower than wholesale acquisition cost) and any Client charge-backs.

  • RxCrossroads shall maintain sufficient records to determine the location, quantity and lot number of Products in the Title Inventory.

  • RxCrossroads is responsible for any personal property taxes on the Title Inventory and other taxes applicable to the Services provided under this SOW #2 and for any tax based on the income of RxCrossroads.

Related to Title Inventory

  • Consigned Inventory means Inventory of any Borrower that is in the possession of another Person on a consignment, sale or return, or other basis that does not constitute a final sale and acceptance of such Inventory.

  • Obsolete Inventory means items that have expired, are redundant or damaged;

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

  • Excluded Inventory has the meaning set forth in Section 2.2(b).

  • Inventory Appraisal means the most recent inventory appraisal conducted by ▇▇▇▇▇▇ ▇ or another independent appraisal firm and delivered pursuant to Section 5.07(c) hereof.