Inventory Protection. Buyer may return up to ***percent (***%) of its inventory of non-custom Items purchased from Supplier during the previous ninety (90) days in unopened, original, individual Item packaging for a credit against any outstanding or future Supplier invoices.
Inventory Protection. The distributing agency must obtain insurance to protect the value of donated foods at its storage facilities. The amount of such insurance must be at least equal to the average monthly value of donated food inventories at such facilities in the previous fiscal year. The distributing agency must also ensure that the following entities obtain insurance to protect the value of their donated food inventories, in the same amount required of the distributing agency in this paragraph (d):
(1) Subdistributing agencies;
(2) Recipient agencies in household programs that have an agreement with the distributing agency or subdistributing agency to store and distribute foods (except those recipient agencies which maintain inventories with a value of donated foods that do not exceed a defined threshold, as determined in FNS policy); and
(3) Commercial storage facilities under contract with the distributing agency or with an agency identified in paragraph (d)(1) or (2) of this section.
Inventory Protection. The distributing agency must obtain insurance to protect the value of donated foods at its storage facilities. The amount of such insurance must be at least equal to the average monthly value of donated food inventories at such facilities in the previous fiscal year. The distributing agency must also ensure that the following entities obtain insurance to protect the value of their donated food inventories, in the same amount required of the distributing agency in this paragraph (d):
(1) Subdistributing agencies;
Inventory Protection. Processor shall furnish to DA a surety bond obtained only from a surety company listed in the Department of Treasury Circular 570, "Surety Companies Acceptable on Federal Bonds," an irrevocable letter of credit, or an escrow account. Such bond, letter of credit, or escrow account shall be made payable to the DA. The bond shall guarantee that the processor shall faithfully account for, return, or pay for all of the DF received or carried forward, in accordance with this Agreement. Inventory protection is required by the DA prior to the delivery of DF to the processor. The minimum amount of the bond, letter of credit or escrow account, shall be determined by: value of the DF on hand and on order minus anticipated usage rate during the Agreement period. The bond shall remain in effect until all donated food is properly accounted for, paid for or returned in accorance with this Agreement. Liability for loss is provided in Article 18 of this Agreement.
Inventory Protection. Should Buyer elect to maintain inventory in the future and in the event Seller puts into effect a general price decrease for any standard Product, Seller will so notify Buyer and will grant a corresponding retroactive price decrease on any such unmodified, standard Seller's Product in Buyer's inventory (or in the process of being shipped to Buyer), which had been shipped to Buyer by Seller within ninety (90) days of the effective date of the price decrease. Seller will grant such decrease by crediting Buyer's account with an amount equal to the number of such Product times the difference between the price each unit of Product was sold to Buyer for, less any prior credits granted by Seller, and the new price of each such Product. To obtain such retroactive price decrease Buyer must submit to Seller, within 30 days of the effective date of the price decrease, an inventory report itemizing all such Product received from Seller within the subject 90-day period. Upon verification by Seller of the inventory report, Buyer's account will be credited by Seller.
