definiens: means all raw materials, packagin g materials and components used exclusively in the production of the Products, all work - in - process of the Products, and all inventory of finished Product s owned as of the Closing by Sellers, that is not def ective and is otherwise usable or saleable, whether held at a location or facility of Sellers ( or of any oth er Person on behalf of Sellers ) or in transit to or from Sellers ( or any such other Person ) . For avoidance o f doubt, the Inventory shall not include ( i ) any fi nished Products that have been recalled and which are requ ired to be destroyed pursuant to that certain Conse nt Decree, ( ii ) any finished Products that have expire d, ( iii ) any packaging materials and components bea ring the ETHEX Corporation trademark, or ( iv ) any and al l clindamycin phosphate, butaconazole nitrate, applicators, caps, trays, and printed packaging com ponents that will be owned by Sellers and stored at the Facilities and used by Buyer to perform its obligat ions under the Supply Agreement