Common use of INVENTORY AND AUDIT Clause in Contracts

INVENTORY AND AUDIT. Each week, Customer shall provide a detail of all RPCs transferred during the previous calendar week to other parties including Approved Users and non-Approved Users. Notifications shall include the date and destination of each RPC, the quantity, the name and address of the User, the BOL number / PO number, and the date of Transfer. All Transfers shall be subject to acceptance by Xxxxx as provided herein. Additional fees will be charged for unreported transfers. Tosca will have the right to conduct physical audits of Customer’s inventory of RPCs at each Customer Location at a mutually agreeable time and date, but in any case, at least once per calendar quarter and within 90 days following the time of expiration or termination of this Agreement. Any Issued RPCs which are not accounted for by the audit will be declared Lost RPCs and will incur a Lost Fee. Customer must notify Tosca within thirty (30) days regarding end of season inventory for return. Additionally, Customer agrees that any RPCs held by Customer greater than sixty (60) days shall be subject to a Long Hold Fee for each subsequent day thereafter until such RPC is transferred to an Approved User, or returned to, or collected by Xxxxx.

Appears in 2 contracts

Samples: RPC Terms And, General Terms

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INVENTORY AND AUDIT. Each week, Customer shall provide a detail of all RPCs transferred during the previous calendar week to other parties including Approved Users and non-Approved Users. Notifications shall include the date and destination of each RPC, the quantity, the name name, and address of the User, the BOL number / PO number, and the date of Transfer. All Transfers shall be subject to acceptance by Xxxxx as provided herein. Additional fees will be charged for unreported transfers. Tosca will have the right to conduct physical audits of Customer’s inventory of RPCs at each Customer Location at a mutually agreeable time and date, but in any case, at least once per calendar quarter and within 90 days following the time of expiration or termination of this Agreement. Any Issued RPCs which are not accounted for by the audit will be declared Lost RPCs and will incur a Lost Fee. Customer must notify Tosca within thirty (30) days regarding end of season inventory for return. Additionally, Customer agrees that any RPCs held by Customer greater than sixty (60) days shall be subject to a Long Hold Fee for each subsequent day thereafter until such RPC is transferred to an Approved User, or returned to, or collected by Xxxxx.

Appears in 1 contract

Samples: General Terms

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INVENTORY AND AUDIT. Each week, Customer shall provide a detail of all RPCs transferred during the previous calendar week to other parties including Approved Users and non-Approved Users. Notifications shall include the date and destination of each RPC, the quantity, the name and address of the User, the BOL number / PO number, and the date of Transfer. All Transfers shall be subject to acceptance by Xxxxx Tosca as provided herein. Additional fees will be charged for unreported transfers. Tosca will have the right to conduct physical audits of Customer’s inventory of RPCs at each Customer Location at a mutually agreeable time and date, but in any case, at least once per calendar quarter and within 90 days following at the time of expiration or termination of this Agreement. Any Issued RPCs which are not accounted for by the audit will be declared Lost RPCs and will incur a Lost Fee. Customer must notify Tosca within thirty (30) days regarding end of season inventory for return. Additionally, Customer agrees that any RPCs held by Customer greater than sixty (60) days shall be subject to a Long Hold Fee for each subsequent sixty (60) day thereafter period until such time as such RPC is transferred Transferred to an Approved User, or returned to, or collected by XxxxxTosca.

Appears in 1 contract

Samples: RPC Terms And

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