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. 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
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. 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

Related to INVENTORY OF FOOD AND SUPPLIES

  • 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 be responsible for procuring, inspecting and releasing adequate Raw Materials as necessary to meet the Firm Commitment, unless otherwise agreed to by the parties in writing. Unless a particular Raw Material can be replaced with the same raw material from another supplier, Catalent shall not be liable for any delay in delivery of Product or Packaged Product if (1) Catalent is unable to obtain, in a timely manner, a particular Raw Material necessary to Process or Package the Product, (2) Catalent placed orders for such Raw Materials promptly following receipt of Client’s Firm Commitment and (3) such delay did not result, in whole or in part, from the negligence or willful misconduct of Catalent. B. In certain instances, Client may require a specific supplier, manufacturer or vendor (“Supplier”) to be used for a Raw Material. In such an event, (i) such Supplier will be identified in the Specifications, (ii) Client shall be responsible for the timeliness, quantity and quality of supply of Raw Materials from such Supplier, subject to Catalent’s compliance with its obligations set forth in Section 3.2A, (iii) Catalent shall not be liable for any defects in Raw Materials or in Packaging or Packaged Product as a result of such defective Raw Materials from such Supplier, or in Product or Packaged Product as a result of such defective Raw Materials, unless Catalent failed to properly perform any testing required by the Specifications, and (iv) the Raw Materials from such Supplier shall be deemed, for purposes of liability hereunder, Client-supplied Materials. If the cost of the Raw Material from any such Supplier is greater than Catalent’s costs for the same raw material of equal quality from other suppliers, Catalent shall add the difference between Catalent’s cost of the Raw Material and the Supplier’s cost of the Raw Material to the Unit Pricing. Client will be responsible for all costs associated with qualification of any such Supplier who has not been previously qualified by Catalent. In the case of Raw Materials in respect of which Client requires a specific Supplier to be used, Catalent shall not be liable for any delay in delivery of Product if Catalent is unable to obtain, in a timely manner, such particular Raw Material necessary to Manufacture or Package the Product, provided that Catalent placed orders for such Raw Materials promptly following receipt of Client’s Firm Commitment.

  • Borrower Products Except as described on Schedule 5.11, no Intellectual Property owned by Borrower or Borrower Product has been or is subject to any actual or, to the knowledge of Borrower, threatened litigation, proceeding (including any proceeding in the United States Patent and Trademark Office or any corresponding foreign office or agency) or outstanding decree, order, judgment, settlement agreement or stipulation that restricts in any manner Borrower’s use, transfer or licensing thereof or that may affect the validity, use or enforceability thereof. There is no decree, order, judgment, agreement, stipulation, arbitral award or other provision entered into in connection with any litigation or proceeding that obligates Borrower to grant licenses or ownership interest in any future Intellectual Property related to the operation or conduct of the business of Borrower or Borrower Products. Borrower has not received any written notice or claim, or, to the knowledge of Borrower, oral notice or claim, challenging or questioning Borrower’s ownership in any Intellectual Property (or written notice of any claim challenging or questioning the ownership in any licensed Intellectual Property of the owner thereof) or suggesting that any third party has any claim of legal or beneficial ownership with respect thereto nor, to Borrower’s knowledge, is there a reasonable basis for any such claim. Neither Borrower’s use of its Intellectual Property nor the production and sale of Borrower Products infringes the Intellectual Property or other rights of others.

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