Inventory Ownership Sample Clauses

Inventory Ownership. Inventory is and shall remain the sole property of Network and cannot be assigned, transferred, sold, or otherwise disposed of in any manner by Purchaser.
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Inventory Ownership. All products delivered by the Supplier to the Retailer's DCs or stores remain the sole and exclusive property of the Supplier until such time as they are scanned and sold at the Retailer's individual retail locations. This covers products stored both within the Retailer's stores and within the Retailer's DCs.
Sample 1
Inventory Ownership. Ent-X shall pay for the inventory of all Kiosks placed or operated under the terms of this Agreement. At such time as the Kiosks are producing Net Revenues, Signifi shall have 50% ownership interest in all Kiosk inventory purchased by Ent-X for the Kiosks under the terms of this Agreement.
Sample 1
Inventory Ownership. Within sixty (60) calendar days following the Effective Date, District shall determine District-owned FOH FF&E, XXX FF&E, and Long-life Equipment, and create an initial inventory of such items and include them in Exhibit G (“Initial Inventory”). Within thirty (30) calendar days following the Commencement Date, Contractor will verify the Initial Inventory and inform District in writing of any missing items, which District will be responsible for replacing. Unless expressly stated otherwise in this Contract, inventories will be owned as follows: District-provided office FF&E described in Exhibit G will be owned by District. Front-of-the-House FF&E will be owned by District. Long-life Equipment will be owned by District. Smallwares will be owned by Contractor. Short-life Equipment and catering equipment will be owned by Contractor. Food and Beverage Inventory will be owned by Contractor. Operating and Consumable Supplies will be owned by Contractor. POS System will be owned by Contractor. Return of District-owned FF&E: At the Completion Date or earlier termination of this Contract, Contractor shall deliver to District all District-owned FOH FF&E, BOH FF&E, and Long-life Equipment (and replacements thereof) in good condition (reasonable wear and tear or casualty not caused by Contractor excepted) or the value thereof. Upon mutual agreement of the Parties, District or its replacement contractor may purchase Contractor-owned Short-life Equipment, Operating and Consumable Supplies, and Food and Beverage Inventory at the values described in Section 2.13.
Sample 1

Related to Inventory Ownership

  • SIGNIFICANT LANDS INVENTORY FINDING Find that this activity is consistent with the use classification designated by the Commission for the land pursuant to Public Resources Code section 6370 et seq.

  • 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.

  • 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.

  • Inventory Management The Subrecipient must submit an annual statement identifying the status of all equipment and non-real property items purchased with ESG funds by the contract termination date. The status report should inventory all equipment and non-real properties purchased with ESG funds and state the condition of the equipment and its location.

  • 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.

  • CURRENT INVENTORY OF QUALIFIED PROPERTY In addition to the requirements of Section 10.2 of this Agreement, if there is a material change in the Qualified Property described in EXHIBIT 4, then within 60 days from the date commercial operation begins, the Applicant shall provide to the District, the Comptroller, the Appraisal District or the State Auditor’s Office a specific and detailed description of the tangible personal property, buildings, and/or permanent, nonremovable building components (including any affixed to or incorporated into real property) on the Land to which the value limitation applies including maps or surveys of sufficient detail and description to locate all such described property on the Land.

  • 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.

  • Account Ownership Based upon the type of account ownership that you have designated; the following terms and conditions apply.

  • Location of Inventory and Equipment The Inventory and Equipment are not stored with a bailee, warehouseman, or similar party (without Foothill's prior written consent) and are located only at the locations identified on Schedule 6.12 or otherwise permitted by Section 6.12.

  • Equipment Ownership The ownership of all equipment provided by the Contractor shall remain with the Contractor, and equipment shall be maintained by the Contractor in accordance with manufacturer recommendations and all Federal (including OSHA), New York State and local codes. The Contractor shall provide and maintain the collection equipment at the Authorized User’s facility(s) for use twenty-four hours per day, seven days per week, 365 days per year. If equipment is removed for longer than brief periods for emptying the container, it shall be replaced with equal type and capacity equipment to ensure continuous dumping ability. If not so provided, the Authorized User shall be provided with a rebate for the amount of time they were unable to dump and the Authorized User may seek "Remedies for Breach" as stated in Appendix B. If the equipment is owned by the Authorized User, the Authorized User assumes liability and costs associated with the equipment and a price reduction may be passed along to the Authorized User representing the difference in cost, if any, for the Contractor not having to provide the equipment.

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