EXISTING INVENTORY OF PRODUCTS Sample Clauses

EXISTING INVENTORY OF PRODUCTS. 3 1.05 Closing .............................................................4 1.06
Sample 1
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EXISTING INVENTORY OF PRODUCTS. On the Closing Date, GW will sell, assign, convey, and transfer to Monarch, and Monarch will purchase and accept from GW, all of GW's finished goods inventory of the Products as set forth on Schedule 1.04 attached hereto (the "Inventory"). The purchase price for the Inventory shall be Seven Hundred Eighty-Seven Thousand, One Hundred Fourteen Dollars ($787,114.00), and shall be paid by Monarch to GW one hundred twenty (120) days after the Closing by wire transfer of immediately available funds to the account specified in Schedule 1.03. GW will begin shipping the Inventory on the Closing Date and will complete shipping of the Inventory within ten (10) days after the Closing Date. All Inventory will be shipped at Monarch's expense to Monarch's facilities in Bristol, Tennessee or such other locations as the parties may mutually agree via a carrier designated by Monarch. GW shall bear the risk of loss to the Inventory until the Inventory has been delivered to the carrier designated by Monarch, thereafter Monarch shall bear the risk of loss to the Inventory. GW will provide to Monarch (i) upon shipment of the Inventory, GW's standard certificate of analysis for each batch of Product and (ii) within ten (10) days of the initial shipment of each Product, a complete copy of one representative batch record for such Product.
Sample 1
EXISTING INVENTORY OF PRODUCTS. On the Closing Date, KING will sell, assign, convey, and transfer to NOVAVAX, and NOVAVAX will purchase and accept from KING, all of KING's finished goods inventory of the Products with expiration dates more than nine (9) months from the Closing Date, as set forth on Schedule 1.04 attached hereto (the "Inventory"). The purchase price for the Inventory shall be equal to the book value of the Inventory as of the Closing Date, as reflected on KING's books and records, and shall be paid by NOVAVAX to KING ten (10) days after the Closing by wire transfer of immediately available funds to the account specified in Schedule 1.03. KING will complete shipping of the Inventory within ten (10) business days after the Closing Date. All Inventory will be shipped at NOVAVAX's expense to NOVAVAX's facilities in Maryland Heights, Missouri or such other locations as the parties may mutually agree via a carrier designated by NOVAVAX. KING shall bear the risk of loss to the Inventory until the Inventory has been delivered to the carrier designated by NOVAVAX. Thereafter NOVAVAX shall bear the risk of loss to the Inventory. KING will provide to NOVAVAX within ten (10) days of shipment of the Inventory, KING's standard certificate of analysis for each batch of Product shipped.
Sample 1

Related to EXISTING INVENTORY OF PRODUCTS

  • Remaining Inventories Xencor shall have the right to purchase from MorphoSys (or its Affiliate) all of the inventory of Licensed Products held by MorphoSys (or its Affiliate) as of the effective date of termination at a price equal to MorphoSys’ (or its Affiliate’s) fully burdened manufacturing cost, determined in accordance with GAAP.

  • 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.

  • 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.

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

  • 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.

  • Location of Inventory and Equipment The Inventory and Equipment are not stored with a bailee, warehouseman, or similar party (without Foothill's prior written consent) and are located only at the locations identified on Schedule 6.12 or otherwise permitted by Section 6.12.

  • Inventory and Equipment On the date hereof, the Inventory and the Equipment (other than mobile goods) are kept at the locations listed on Schedule 5.

  • Accounts Receivable; Inventories The accounts and notes receivable which are reflected on the Final Closing Balance Sheet are good and collectible in the ordinary course of business at the aggregate recorded amounts thereof, less the amount of the allowance for doubtful accounts reflected thereon, and are not subject to offsets. The accounts and notes receivable of the Company which were thereafter added and which will be reflected on the Final Closing Balance Sheet are good and collectible in the ordinary course of business at the aggregate amounts recorded in its books of account, less the amount of the allowance for doubtful accounts reflected thereon (which allowance was established on a basis consistent with prior practice), and are not subject to offsets. The inventories reflected on the Audited and Unaudited Balance Sheets, and thereafter added, as reflected on the Closing Date Balance Sheet, consist of items of a quality and quantity usable or saleable within one year (except as set forth on Schedule 5.7) in the ordinary course of business, except for obsolete materials, slow-moving items, materials of below standard quality and not readily marketable items, all of which have been written down to net realizable value or adequately reserved against on the books and records of the Company. To the extent there is inventory not listed on Schedule 5.7 of a quality and quantity not usable or saleable in the ordinary course of business within one year, in lieu of a claim for indemnification, Buyer shall sell and the Selling Shareholders shall purchase such items of inventory at the value carried on the Final Closing Balance Sheet. All inventories not written off are stated at the lower of cost or market.

  • 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.

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