INVENTORY OF FOOD AND SUPPLIES Sample Clauses

INVENTORY OF FOOD AND SUPPLIES. At the commencement of operations, FSMC and District shall jointly inventory all food and related supplies to be utilized in District’s Food Service Program. A summary of such inventory shall become part of this Agreement. District represents and warrants that all District food and supplies inventories, including commodities, existing and the beginning of the Current Year are usable and shall meet FSMC’s menu requirements. At the commencement of operations hereunder, FSMC and District shall mutually agree on the usability of such existing inventory and shall make an appropriate adjustment, if necessary, to the value of such existing inventory. During the course of this Agreement, title to all District food and supplies shall remain with the District. At the termination of this Agreement, FSMC and District shall jointly undertake a closing inventory of all food and supplies. The value of the opening inventory shall be offset against the value of the closing inventory. The value of the inventories shall be determined by invoice cost. In the event the opening inventory is greater than the closing inventory, the difference shall be credited against FSMC’s final billing. In the event the closing inventory is greater than the opening inventory, the difference shall be added to FSMC’s final billing as a Direct Cost.
Sample 1
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INVENTORY OF FOOD AND SUPPLIES. At the commencement of operations, ARAMARK and Client shall jointly inventory all food and related supplies to be utilized in the Stadium Food Service Program that are salable or usable in the ordinary course of the Stadium Food Service Program. A summary of such inventory shall become part of this Agreement. During the course of this Agreement, title to all such food and supplies shall remain in Client. At the termination of this Agreement, ARAMARK and Client shall jointly undertake a closing inventory of all food and supplies that are salable or usable in the ordinary course of the Stadium Food Service Program. The value of the opening inventory shall be offset against the value of the closing inventory. The value of the inventories shall be determined by invoice cost. In the event the opening inventory is greater than the closing inventory, the difference shall be credited against XXXXXXX's final billing. In the event the closing inventory is greater than the opening inventory, the difference shall be added to ARAMARK's final billing as a Direct Cost.
Sample 1
INVENTORY OF FOOD AND SUPPLIES. At the termination of this Agreement, Client agrees, if requested by Aramark, to either purchase directly or to cause Aramark’s successor to purchase Aramark’s usable inventory of food and supplies. The purchase price for such inventory shall be Aramark’s invoice cost.
Sample 1
INVENTORY OF FOOD AND SUPPLIES. At the termination of this Agreement, Client agrees, if requested by ARAMARK, to either purchase directly or to cause ARAMARK’s successor to purchase ARAMARK’s non-perishable inventory of food and supplies. The purchase price for such inventory shall be ARAMARK’s invoice cost.
Sample 1
INVENTORY OF FOOD AND SUPPLIES. Upon termination of this Agreement, University shall either purchase, or require the succeeding Food Service Operator to purchase, Vendor’s inventory of food and supplies at the invoice cost less any discounts. All inventory purchases shall only be for product that is of merchantable and usable quality and reasonably necessary for the provisions of the Dining Services Program. ATTACHMENT 1: VENDOR’S ASSIGNED PREMISES 4 concession stands Alaska Airlines Center Varsity Sports Grill Alaska Airlines Center Includes all kitchen, office and food service storage space ATTACHMENT 2: VARSITY SPORTS GRILL HOURS OF OPERATION Varsity Sport Grill Daily Varsity Sports Grill Special Event Schedule Includes all kitchen, office and food service storage space ATTACHMENT 3: STRATEGIC ACTION PLAN ATTACHMENT 4: PAYMENT SCHEDULE ATTACHMENT 5: VENDOR INVESTMENTS AND AMORTIZATION SCHEDULE
Sample 1
INVENTORY OF FOOD AND SUPPLIES. Upon termination of this Agreement, University shall either purchase, or require the succeeding Food Service Operator to purchase, Vendor’s inventory of food and supplies at the invoice cost less any discounts. All inventory purchases shall only be for product that is of merchantable and usable quality and reasonably necessary for the provisions of the Dining Services Program.
Sample 1

Related to INVENTORY OF FOOD AND SUPPLIES

  • Inventory and Supplies Administrator shall order, purchase and provide to the Group on a timely basis inventory and supplies, and such other ordinary, necessary or appropriate materials which are requested by the Group and which the Group shall reasonably determine to be necessary in the operation of the Practice on the same terms commercially available to Administrator. Such inventory, supplies and other materials shall be included in Practice Expenses at their cost to Parent or Administrator, as the case may be.

  • Inventory To the extent Inventory held for sale or lease has been produced by any Borrower, it has been and will be produced by such Borrower in accordance with the Federal Fair Labor Standards Act of 1938, as amended, and all rules, regulations and orders thereunder.

  • Equipment and Supplies Independent Contractor, at Independent Contractor's sole expense, shall provide all equipment, tools and supplies necessary to perform the Service.

  • Inventory and Equipment On the date hereof, the Inventory and the Equipment (other than mobile goods) are kept at the locations listed on Schedule 5.

  • Inventories All of the Assets constituting inventory are owned or used by Company, are in good, current, standard and merchantable condition and are not obsolete or defective.

  • Equipment and Inventory With respect to any Equipment and/or Inventory of an Obligor, each such Obligor has exclusive possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or (ii) Equipment or Inventory in transit with common carriers. No Inventory of an Obligor is held by a Person other than an Obligor pursuant to consignment, sale or return, sale on approval or similar arrangement.

  • Location of Equipment and Inventory All Equipment and Inventory are (i) located at the locations indicated on Schedule 4 (ii) in transit to such locations or (iii) in transit to a third party purchaser which will become obligated on a Receivable to the Debtor upon receipt. Except for Equipment and Inventory referred to in clauses (ii) and (iii) of the preceding sentence, the Debtor has exclusive possession and control of the Inventory and Equipment.

  • Supplies and Equipment The Union and employees will not use state-purchased supplies or equipment to conduct union business or representational activities. This does not preclude the use of the telephone for representational activities if there is no cost to the Employer, the call is brief in duration and it does not disrupt or distract from the Employer’s business.

  • Inventory Records Each Loan Party keeps correct and accurate records itemizing and describing the type, quality, and quantity of its and its Subsidiaries’ Inventory and the book value thereof.

  • Raw Materials A. Catalent shall procure Raw Materials only from vendors that are approved in writing by Palatin or otherwise qualified in accordance with the provisions of the Quality Agreement. Catalent shall be responsible for procuring Raw Materials as necessary to meet the Firm Commitment. Catalent shall not be liable for any delay in delivery of Product if (i) Catalent is unable to obtain, in a timely manner, a particular Raw Material necessary for Processing and (ii) Catalent placed orders for such Raw Materials promptly following receipt of Palatin’s Firm Commitment. In the event that any Raw Material becomes subject to purchase lead time beyond the Firm Commitment time frame, the parties will negotiate in good faith an appropriate amendment to this Agreement, including Clause 4.2. B. In certain instances, Palatin may require a specific supplier, manufacturer or vendor (“Vendor”) to be used for Raw Material. In such an event, (i) such Vendor will be identified in the Specifications and (ii) the Raw Materials from such Vendor shall be deemed Palatin-supplied Materials for purposes of this Agreement. If the cost of the Raw Material from any such Vendor (other than a Vendor specified in the Specifications as of the Effective Date) is greater than Catalent’s costs for the same raw material of equal quality from other vendors, Catalent shall add the difference between Catalent’s cost of the Raw Material and the Vendor’s cost of the Raw Material to the Unit Pricing. Palatin will be responsible for all reasonable, out-of-pocket costs incurred by Catalent associated with qualification of any such Vendor who has not been previously qualified by Catalent. C. In the event of (i) a Specification change for any reason, (ii) obsolescence of any Raw Material or (iii) termination or expiry of this Agreement, Palatin shall bear the cost of any unused Raw Materials (including packaging), so long as Catalent (a) purchased such Raw Materials in quantities consistent with Palatin’s then current Firm Commitment and any minimum purchase obligations required by the vendor and (b) used commercially reasonable efforts to mitigate such costs by using any such unused Raw Materials in the manufacture of other products.

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