Safety Stock definition

Safety Stock has the meaning set forth in Section 3.8.3.

Safety Stock has the meaning defined in Section 6.1

Safety Stock has the meaning set forth in Section 2.5.

Examples of Safety Stock in a sentence

• BioCryst will have the right to inspect Safety Stock in the location it is held at reasonable times and upon reasonable prior written notice to Clearside.

• Notwithstanding anything to the contrary set forth in this Agreement or the Commercial Supply Agreement, Clearside may only use Safety Stock to fill any shortfall in quantities of Clearside Devices ordered by BioCryst that Clearside is unable to supply despite Commercially Reasonable Efforts after obtaining BioCryst’s express written consent (not to be unreasonably withheld, conditioned or delayed), in which case the used Safety Stock will be replaced as soon as possible.

• Title to the Safety Stock will pass to BioCryst upon delivery of such Safety Stock to BioCryst or its designee in accordance with Section 4.2(c) (Shipment; Risk of Loss).

• From time to time, BioCryst and Clearside may review Safety Stock levels required to be maintained under this Section 4.2(d) (Safety Stock) and make mutually agreeable adjustments.

• Clearside will invoice BioCryst for Safety Stock at the Safety Stock Price, and BioCryst shall pay such invoice in accordance with Section 5.6 (Invoices)].

More Definitions of Safety Stock

Safety Stock shall have the meaning assigned to it in Section 4.12(a).

Safety Stock means, with respect to a Product and for each month during the Term commencing three months after the First Commercial Sale of such Product in the United States, a quantity of the applicable Finished Product equal to the aggregate quantity of such Finished Product forecasted to be ordered for the entire Territory for the three months following such month in the Forecast most recently submitted by Eisai prior to such month, which Finished Product to qualify as Safety Stock during such month (a) must have been released pursuant to the Quality Agreement and (b) must meet the requirements of the warranty set forth in Section 6.13 at all times during such month.

Safety Stock has the meaning set out in Clause 2.9.

Safety Stock means more than one consumable item (e.g. toner cartridge) that is not installed in the device. Xerox reserves the right to provide remanufactured or refurbished cartridges which will work as new. You agree to return any used cartridges or other used Consumables to Xerox per Xerox’s directions. Any use of Consumables in devices other than the Equipment constitutes a violation of this Agreement. Consumables are the property of Xerox until fully consumed by You in the Equipment. Selling, transferring, bartering or otherwise conveying Consumables to anyone is strictly prohibited and is subject to civil and criminal penalties. You shall return to Us all unused Consumables upon expiration or termination of this Agreement. We reserve the right to invoice You for any unused Consumables that are not returned at Our then established retail prices, plus shipping and handling charges. You acknowledge that We reserve the right to audit Consumables orders and hold or deny shipments until the requests are validated. Shipping of consumables is included at no additional cost. You agree to order ALL Consumables through the PagePack password protected web portal during the Term of this Agreement. You acknowledge that Xerox or a Xerox service provider will provide service for the Equipment pursuant to Xerox’s standard service agreement (no service is included for NXT Equipment). The terms and conditions (including exclusions for accidents, misuse, abuse, unauthorized repair, unauthorized disassembly, etc.) of the applicable Equipment service agreement shall apply. Upon Your request, We will provide You with a copy of any applicable Equipment service agreement. If You require service on Equipment during the Term, You may request service using the following methods: (x) placing a request using the PagePack web portal, (y) calling Xerox at 1-800-835-6100, or (z) contacting Us. You agree that: (a) You must separately purchase all supplies other than Consumables listed above, including, without limitation, paper, at Your own cost; (b) You must separately purchase Equipment service, parts or supplies required by Your negligence, misuse of the Equipment, failure to follow the Xerox’s suggested use instructions, or breach any warranty or service agreement provided by Xerox; and (c) We are a separate and independent company from Xerox and Xerox is NOT Our agent.

Safety Stock. Defined as fully assembled and tested product in the quantity equal to the next 3 months of rolling forecasted demand as described in clause 3.2.

Safety Stock means, with respect to a Product and for each month during the Term commencing three months after the First Commercial Sale of such Product in the Territory, a quantity of the applicable Finished Product (as defined in Section 1.59(a)) equal to the aggregate quantity of such Finished Product forecasted to be ordered for the three months following such month in the Forecast most recently submitted by Eisai prior to such month, which Finished Product to qualify as Safety Stock during such month (a) must have been released pursuant to the Quality Agreement and (b) must meet the requirements of the warranty set forth in Section 6.13 at all times during such month.

Safety Stock means the Nevro requested level of Components to be purchased by CCC, and paid for by Nevro, in excess of the amount required to meet Nevro’s Purchase Orders, Minimum Order Quantities or Component lead times.