Management of Inventory Sample Clauses

Management of Inventory. The Parties will ensure that enterprises will apply appropriate systems in the management of this Appendix provided that the systems are based on generally accepted accounting principles.
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Management of Inventory. RSP shall maintain and manage the SGI Defective Product inventory, shall perform and submit monthly cycle counts of such inventory, and shall perform an annual physical inventory if required thereof, the results of which SGI may audit at its discretion, at no additional charge to SGI. (Cycle count procedure is governed by Exhibit E). No separate inventory carrying costs or handling fees will be incurred by SGI for SGI Defective Inventory held at RSP’s site.
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Management of Inventory. (a) [* *] Inventory. “[* *] Inventory” or “[* *]” means a program whereby the Parties agree that [* *] will stock and maintain certain Items at specified locations, [* *], the Items until such Items are [* *] in accordance with the terms and conditions of such program. In the event Applied designates certain Items to be included within the [* *] program and Supplier agrees to such designation (“[* *] Items”) by reporting a [* *] “Target Inventory” quantity for that Item in an authorized inventory planning and collaboration tool provided to Supplier by Applied (or otherwise providing Supplier with written or electronic notice of such designation), Supplier agrees to manufacture [* *] such [* *] Items in accordance with: (i) any authorized inventory planning and collaboration tool provided to Supplier by Applied; and/or (ii) if requested by Applied a separate [* *] agreement between Applied and Supplier in form [* *].
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Management of Inventory. During the term of this Agreement, IGI ----------------------- shall use its best efforts to manage the production schedules with respect to the manufacture of the Products such that the actual finished goods inventory of the Products shall not exceed, nor be less than, the Target Inventory Level.
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Management of Inventory. Within 30 days after the date of this Agreement, MiniMed will establish in its stockroom/warehouse facilities space dedicated to the implantable pump system inventory. When such space has been established, MiniMed will notify MRG, and thereafter MRG will manage the physical inventory and will bear the entire risk of loss thereof. MiniMed will also provide MRG with access to certain joint use common areas, including receiving inspection. MRG will insure the inventory against loss or damage by fire, perils commonly covered by the extended coverage endorsement, malicious mischief and sprinkler damage to the extent of the full replacement cost thereof and will carry such insurance for the mutual benefit and protection of MiniMed and MRG. MRG shall deliver to MiniMed the policies of insurance or copies thereof or other evidence satisfactory to MiniMed of such coverage. Each insurer under such policies shall agree by endorsement on the policies issued or by independent instrument to MiniMed that it will give MiniMed 30 days prior written notice of the effective date of any alternation or cancellation of any such policy. The obligations of the parties under this paragraph shall terminate upon termination or expiration of the term of the Lease entered into pursuant to Section 5, except that MRG's obligations with respect to insurance shall terminate as such earlier date as MiniMed exercises its option to cause MRG to purchase the Equipment pursuant to Section 2.4 and the inventory pursuant to Section 3.3. MiniMed will provide MRG with such assistance as MRG may reasonably request in establishing an inventory tracking system. The parties acknowledge their understanding and agreement that any such system will be established in a manner which maintains the independent integrity of MiniMed's information systems and does not afford MRG personnel access to those systems. All direct out-of-pocket costs and expenses and a proportional portion of personnel costs and expenses incurred by MiniMed in connection with assisting MRG to establish the inventory tracking system will be reimbursed by MRG promptly upon delivery of written request accompanied by appropriate documentation with respect to the costs and expenses.
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Management of Inventory. (a) Debtor does now keep and hereafter at all times shall keep correct and accurate records itemizing and describing the kind, type, quality and quantity of the inventory, Debtor’s cost therefor and selling price thereof, and the daily withdrawals therefrom and additions thereto, all of which records shall be available upon demand to Lender’s officers, agents and employees for inspection and copying. (b) Debtor, immediately upon demand by Lender therefor, shall now and from time to time hereafter, at such intervals as are requested by Lender, deliver to Lender designations of inventory specifying Debtor’s cost of inventory, the wholesale market value thereof and such other matters and information relating to the inventory as Lender may request. (c) inventory is not now and shall not at any time or times hereafter be located or stored with a bailee, warehouseman or other third party without Lender’s prior written consent, which will not be unreasonably withheld, and, in such event, Debtor will concurrently therewith cause any such bailee, warehouseman or other third party to issue and deliver to Lender, in a form acceptable to Lender, warehouse receipts in Lender’s name evidencing the storage of inventory, collateral access agreements, or other evidence of Lender’s prior rights in the inventory. In any event, Debtor shall instruct any third party to hold all such inventory for Lender’s account subject to the security interest of Lender and its instructions. (d) Lender shall have the right, at all times, during Debtor’s normal business hours, or during the regular business hours of any third party having custody of or control over inventory, to inspect and examine the inventory and to check and test the same as to quality, quantity, value and condition, and Debtor agrees to reimburse Lender on demand for its reasonable costs and expenses in so doing, which expenses shall constitute Lender expenses. (e) Until the occurrence of an Event of Default, Debtor may, subject to the provisions hereof and consistent herewith, sell the inventory, but only in the ordinary course of Debtor’s business and for full and fair consideration. A sale of inventory in Debtor’s ordinary course of business does not include an exchange or a transfer in partial or total satisfaction of a debt owing by Debtor. After an Event of Default, Debtor shall not sell any inventory, other than in the ordinary course of business, without Lender’s prior written consent.
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Management of Inventory is replaced with the following: (a) Designation of Inventory Liability Items. Applied may designate certain finished good Items as “Inventory Liability Items” by (i) [**] for that Item in an authorized inventory planning tool, or (ii) identifying an Item as [**], or otherwise [**] with written or electronic notice of such designation. So that [**], Supplier shall actively maintain accurate lead times for all Items in such authorized inventory planning tool, using the definition of “lead time” designated by Supplier from time to time for this purpose. Supplier agrees to manufacture and stock such Inventory Liability Items in accordance with this Section 16; and/or, if requested by [**], a [**] agreement between Applied and Supplier.
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Management of Inventory. (a) Vendor Managed Inventory. "Vendor Managed Inventory" or "VMI" means a program whereby the Parties agree that Supplier will stock and maintain certain Items at specified locations, with Supplier retaining title to, and risk of loss with respect to, the Items until such Items are procured by Applied or its designee in accordance with the terms and conditions of such program. In the event the Parties agree that certain Items will be included within the VMI program ("VMI Items"), Supplier agrees to manufacture and stock such VMI Items in accordance with any authorized inventory planning and collaboration tool provided to Supplier by Applied.
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Management of Inventory 
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Related to Management of Inventory

  • 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.

  • Sale of Inventory Purchaser shall purchase (or shall cause its Affiliates to purchase) the Inventory in separate transactions in accordance with the terms and conditions contained in the Supply Agreement. It is agreed and understood by and between the Parties that the Purchase Price does not include the Inventory.

  • Waiver of Inventory, Accounting and Appraisal Requirement The Trustee shall be relieved of, and each Certificateholder hereby waives, any requirement of any jurisdiction in which the Trust, or any part thereof, may be located that the Trustee file any inventory, accounting or appraisal of the Trust with any court, agency or body at any time or in any manner whatsoever.

  • 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.

  • 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.

  • Location of Inventory Except as set forth in Schedule 4.25, the Inventory of Borrowers and their Subsidiaries is not stored with a bailee, warehouseman, or similar party and is located only at, or in-transit between, the locations identified on Schedule 4.25 to this Agreement (as such Schedule may be updated pursuant to Section 5.14).

  • Returns of Inventory No Borrower shall return any Inventory to a supplier, vendor or other Person, whether for cash, credit or otherwise, unless (a) such return is in the Ordinary Course of Business; (b) no Default, Event of Default or Overadvance exists or would result therefrom; (c) Agent is promptly notified if the aggregate Value of all Inventory returned in any month exceeds $1,000,000; and (d) any payment received by a Borrower for a return is promptly remitted to Agent for application to the Obligations.

  • Accounts Receivable; Inventory (a) For each Account with respect to which Advances are requested, on the date each Advance is requested and made, such Account shall be an Eligible Account. (b) All statements made and all unpaid balances appearing in all invoices, instruments and other documents evidencing the Eligible Accounts are and shall be true and correct and all such invoices, instruments and other documents, and all of Borrower’s Books are genuine and in all respects what they purport to be. Whether or not an Event of Default has occurred and is continuing, Bank may notify any Account Debtor owing Borrower money of Bank’s security interest in such funds and verify the amount of such Eligible Account. All sales and other transactions underlying or giving rise to each Eligible Account shall comply in all material respects with all applicable laws and governmental rules and regulations. Borrower has no knowledge of any actual or imminent Insolvency Proceeding of any Account Debtor whose accounts are Eligible Accounts in any Transaction Report. To the best of Borrower’s knowledge, all signatures and endorsements on all documents, instruments, and agreements relating to all Eligible Accounts are genuine, and all such documents, instruments and agreements are legally enforceable in accordance with their terms. (c) For any item of Inventory consisting of Eligible Inventory in any Transaction Report, such Inventory (i) consists of finished goods, in good, new, and salable condition, which is not perishable, returned, consigned, obsolete, not sellable, damaged, or defective, and is not comprised of demonstrative or custom inventory, works in progress, packaging or shipping materials, or supplies; (ii) meets all applicable governmental standards; (iii) has been manufactured in compliance with the Fair Labor Standards Act; (iv) is not subject to any Liens, except the first priority Liens granted or in favor of Bank under this Agreement or any of the other Loan Documents; and (v) is located at the locations identified by Borrower in the Perfection Certificate where it maintains Inventory (or any location permitted under Section 7.2).

  • 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 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.

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