Inventories. All inventories reflected in the Working Capital Target (as amended by the Final Working Capital) are, and as of the Closing Date will be, normal items of inventory carried by the [[Organization A:Organization]] in the Business, and are current, suitable and merchantable at customary prices for the filling of orders in the ordinary course of business, and are not obsolete, damaged or defective. [[Organization A:Organization]] has all right, title and interest in such inventory.

Remaining Inventories. Except for termination under Section 16.4 or Section 16.5, each Party will be entitled, during the ​ following termination of this Agreement, to finish any work-in-progress and to sell in the Territory any inventory of Research Candidate, Development Candidate, Product or Reversion Product that remains on hand as of the effective date of the termination. SGI or Unum will pay to the other Party the royalties and milestone payments applicable to such sales in accordance with the terms and conditions of this Agreement.

6.2Special Inventories

Section # Physical Inventories 180179

6.1Periodic Inventories - Notice and Representation

Inventories. The Inventories of the Seller are merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow-moving, obsolete, damaged, or defective, subject only to the reserve for inventory write-down set forth on Seller’s most recent financial statements.

reasonable effort to conduct joint or simultaneous inventories in a manner that will result in a minimum of inconvenience to Operator.

All inventories of [[Organization B:Organization]] are of good, usable and merchantable quality in all material respects, and, except as set forth in the [[Organization B:Organization]] Disclosure Schedule, do not include a material amount of obsolete or discontinued items. Except as set forth in the [[Organization B:Organization]] Disclosure Schedule, # all such inventories are of such quality as to meet in all material respects the quality control standards of [[Organization B:Organization]], # all such inventories are recorded on the books at the lower of cost or market value determined in accordance with GAAP, and # no write-down in inventory has been made or should have been made pursuant to GAAP during the past two years.

“Restricted Property” means and includes # all Principal Domestic Manufacturing Properties, # all Securities issued by all Principal Domestic Subsidiaries, and # all inventories and accounts receivable of the [[Organization A:Organization]] and its Principal Domestic Subsidiaries.

The Committee increased the base salary of Mr. Scibetta to reflect his increased responsibilities, and his achievements related to successfully managing our inventories and our new product initiatives. The following base salaries are effective for the Company’s named executive officers for fiscal 2015: