Inventory Level. The Distributor shall maintain its inventory level in its own warehouse which can secure the supply of the Product for not less than [****] months, excluding the inventory in its sales channel. The inventory level shall be determined based on the actual supply of the Product to the sub-distributors and customers over the previous [****] months by average.
Inventory Level. The Shipper's Inventory Variation for a given Day is defined as the difference between, on the one hand: o the Unloaded Quantity on this Day; o the Quantity of LNG Inventory Transfer received on this Day; o the quantity of energy withdrawn from the Dedicated Storage Space on this Day; and, on the other: o the Daily Send-Out on this Day; o the gas flared by the Operator in the situations specified in Article 32.2 and during unloading in the situations specified in Article 7.3; o the quantity of energy delivered on this Day, whether as part of an LNG Inventory Transfer or any other operation; o the quantity of energy injected on this Day into the Dedicated Storage Space; o Gas Offtake from the Unloaded Quantities for this Day; o the Reloaded Quantity on this Day. Inventory Variation may be positive or negative. For a given Day, the Inventory Level is a quantity of energy equal to the algebraic sum of the Inventory Level for the previous Day and the Inventory Variation for the Day in question.
Inventory Level. The Borrowers shall at all times, tested monthly as of the end of each calendar month, maintain Eligible Inventory in aggregate amounts (measured at Cost on a rolling two-month average basis) not (A) less than the greater of (i) 80% of the amounts shown on the Business Plan, or (ii) the specified amounts shown on Exhibit "A", annexed hereto, nor (B) greater than the lesser of (i) 120% of the amounts shown on the Business Plan, or (ii) the specified amounts shown on Exhibit "A", annexed hereto, during the corresponding period.
Inventory Level. The Borrowers shall at all times, tested daily upon receipt by the Lender of the daily Borrowing Base Certificate, maintain Eligible Inventory in aggregate amounts (measured at Cost on a rolling three-week average basis) not (A) less than the greater of (i) 85% of the amounts shown on the Business Plan, or (ii) the following specified amounts, nor (B) greater than the lesser of (i) 115% of the amounts shown on the Business Plan, or (ii) the following specified amounts, during the corresponding period: Period Inventory Minimum and Maximum --------------------------------------------------------------
Inventory Level. The Licensor agrees to maintain a level of inventory which in its opinion, acting reasonably, will permit it to supply the Licensee's orders on a timely basis. The parties will consult from time to time on the level of inventory that the Licensor should maintain in order to supply the Licensees orders on a timely basis. If the Licensee does not agree with the level of inventory that the Licensor has elected to maintain, the Licensee may demand that the Licensor establish an increased level of inventory. If such demand is made, the Licensor will arrange for the manufacture of such additional Products as is necessary to maintain the increased level provided that the Licensee provides the funds as and when required to maintain such increased level of inventory. The Licensor agrees to pay interest on all amounts advanced by the Licensee under this paragraph at a rate per annum that is equal to 1/2 of the Royal Bank of Canada prime rate (as defined in Section 7.1(f)). Such interest payments for each Licence Year quarter will be made within 25 days of the end of such quarter. The Licensor will not be required to maintain any level of inventory and can refuse to supply inventory to the Licensee if the Licensee is then in default of any payment obligation under this section or any other provision of this Agreement, whether or not a notice of default has been issued.
Inventory Level a. The minimum Full Arch Box stock level has the function of a buffer stock and has to be provided by the supplier.
