TREATMENT OF EXCESS INVENTORY Sample Clauses

TREATMENT OF EXCESS INVENTORY. In the event that CIM or LWP finds that it has been allocated Excess Inventory for the CIM Talk City Service, the CIM OnNow Service and the CIM Talk City Joint Content Areas, then the party allocated such Excess Inventory shall make a good faith effort to make such Excess Inventory available to the other party. Sales and revenue sharing for such Advertising shall be implemented consistent with the terms described in SECTION 4.3.3 ADVERTISING REVENUE SHARING as though the reallocated Advertising Inventory were part of the original allocation to either party. No party shall be permitted to barter, use for internal promotion or otherwise dispose of for consideration that is not subject to sharing under SECTION 4.3.3 ADVERTISING REVENUE SHARING, in excess of [*] percent ([*]%) of the overall Advertising Inventory for the CIM Talk City Service, the CIM OnNow Service and the CIM Talk City Joint Content Areas that such party is allocated under SECTION 4.3.2 ADVERTISING INVENTORY SPLITS without prior approval of the other party.
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TREATMENT OF EXCESS INVENTORY. In the event that the Company’s rescheduling out of orders, engineering change orders, or issuance of Build Schedules that are materially inconsistent with the applicable Build Schedule Forecast result in Excess Inventory, Jabil and Company agree to discuss in good faith who was responsible for the Excess Inventory and how that Excess Inventory will be reconciled. Jabil will provide Company with the detailed inventory report detailing the following for the Excess Inventory: • Part Number • Description • Lead-Time • Minimum Order Quantities (MOQ) • Current inventory on hand at Jabil • Non-cancelable, non-returnable orders for inventory • Total Jabil owned inventory • Net current Jabil owned inventory • Current days in inventory and inventory turns position If the parties determine that Company is responsible for specific Excess Inventory, Company agrees to, at Company’s election, do one of the following (1) buy back the full Excess Inventory, at the purchase prices paid by Jabil, into consignment, or (2) pay 1.25% carrying charges per month for the full Excess Inventory purchase prices paid by Jabil. [***] Information has been omitted and submitted separately to the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. In the event that Company chooses to pay carrying charges of 1.25% per month, Jabil agrees to allow this for three consecutive months. If the Excess Inventory has not reduced after the three consecutive months, then an inventory buy back will be required in month 4 to cover any inventory value in excess.
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Related to TREATMENT OF EXCESS INVENTORY

  • Location of Equipment and Inventory All Equipment and Inventory are (i) located at the locations indicated on Schedule 4 (ii) in transit to such locations or (iii) in transit to a third party purchaser which will become obligated on a Receivable to the Debtor upon receipt. Except for Equipment and Inventory referred to in clauses (ii) and (iii) of the preceding sentence, the Debtor has exclusive possession and control of the Inventory and Equipment.

  • As to Equipment and Inventory The Grantor hereby agrees that it shall

  • Eligible Inventory As to each item of Inventory that is identified by any Borrower as Eligible Inventory in a Borrowing Base Certificate submitted to Agent, such Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than Agent-discretionary criteria) set forth in the definition of Eligible Inventory.

  • Equipment and Inventory With respect to any Equipment and/or Inventory of an Obligor, each such Obligor has exclusive possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or (ii) Equipment or Inventory in transit with common carriers. No Inventory of an Obligor is held by a Person other than an Obligor pursuant to consignment, sale or return, sale on approval or similar arrangement.

  • Inventory To the extent Inventory held for sale or lease has been produced by any Borrower, it has been and will be produced by such Borrower in accordance with the Federal Fair Labor Standards Act of 1938, as amended, and all rules, regulations and orders thereunder.

  • Inventory and Supplies Administrator shall order, purchase and provide to the Group on a timely basis inventory and supplies, and such other ordinary, necessary or appropriate materials which are requested by the Group and which the Group shall reasonably determine to be necessary in the operation of the Practice on the same terms commercially available to Administrator. Such inventory, supplies and other materials shall be included in Practice Expenses at their cost to Parent or Administrator, as the case may be.

  • Merchantable Inventory All Inventory is in all material respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made.

  • Annual Collateral Verification Each year, at the time of delivery of annual financial statements with respect to the preceding Fiscal Year pursuant to Section 5.1(c), Company shall deliver to Collateral Agent a certificate of an Authorized Officer either (i) confirming that there has been no change in such information since the date of the Collateral Questionnaire delivered on the Closing Date or the date of the most recent certificate delivered pursuant to this Section 5.1(o) or (ii) identifying such changes;

  • Accounts Receivable; Inventory (a) For each Account with respect to which Advances are requested, on the date each Advance is requested and made, such Account shall be an Eligible Account.

  • Physical Inventory The Contractor shall periodically perform, record, and disclose physical inventory results. A final physical inventory shall be performed upon contract completion or termination. The Property Administrator may waive this final inventory requirement, depending on the circumstances (e.g., overall reliability of the Contractor’s system or the property is to be transferred to a follow-on contract).

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