MINIMUM VEHICLE INVENTORIES Sample Clauses

MINIMUM VEHICLE INVENTORIES. Subject to the ability of DISTRIBUTOR to supply Toyota Motor Vehicles to DEALER, DEALER agrees that it shall, at all times, maintain at least the minimum inventory of Toyota Motor Vehicles as may be established by DISTRIBUTOR from time to time. DEALER also agrees that it shall have available at all times, for purposes of display and demonstration, the number of Toyota Motor Vehicles of the most current models as may be established by DISTRIBUTOR from time to time, and shall, at all times, maintain such Motor Vehicles in showroom ready condition.
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
MINIMUM VEHICLE INVENTORIES. Retailer agrees that it shall, at all times, maintain in showroom ready condition at least the minimum inventory of Mercedes-Benz Light Trucks that may be established by MBUSA from time to time.
Sample 1Sample 2Sample 3
MINIMUM VEHICLE INVENTORIES. Dealer agrees that it shall, at all times, maintain in showroom ready condition at least the minimum inventory of Maybach Passenger Cars that may be established by MBUSA from time to time.
Sample 1Sample 2
MINIMUM VEHICLE INVENTORIES. DEALER agrees that it shall, at all times, maintain in showroom ready condition at least the minimum inventory of LEXUS Motor Vehicles as may be established by DISTRIBUTOR from time to time.
Sample 1Sample 2
MINIMUM VEHICLE INVENTORIES. Subject to the ability of MMSA to supply MMSA Vehicles ordered by Dealer, Dealer agrees that it shall, at all times, maintain the minimum inventory of MMSA Vehicles for immediate sale as set forth in the Dealer Development Plan from time to time by MMSA after consultation with Dealer. Dealer also agrees that it shall have available at all times, for purposes of showroom display and demonstration, the number of current models of MMSA Vehicles required of Dealer as determined from time to time by MMSA after consultation with DEALER. DEALER agrees to maintain all MMSA Vehicles in excellent condition at all times. Failure of DEALER to maintain the required minimum number of MMSA Vehicles shall constitute grounds for termination of this Agreement under Section X.B.2.(n) hereof. Dealer recognizes that it is the goal of all MMSA Dealers to meet efficiently the needs of all customers of MMSA Products wherever located and that, although an MMSA Dealer may attempt to continually maintain its minimum inventory, occasionally its customers may request a specific MMSA Vehicle or MMSA Part or Accessory which is not currently in stock. Accordingly, Dealer agrees to use its best efforts to cooperate with other MMSA Dealers by providing them with access to information regarding its parts and MMSA Vehicle inventory and whenever possible, trading its MMSA Products to satisfy the needs of a customer of another MMSA Dealer.
Sample 1

Related to MINIMUM VEHICLE INVENTORIES

  • 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.

  • 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.

  • Eligible Inventory As to each item of Inventory that is identified by any Borrower as Eligible Inventory in a Borrowing Base Certificate submitted to Agent, such Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than Agent-discretionary criteria) set forth in the definition of Eligible Inventory.

  • Accounts Receivable; Inventories The accounts and notes receivable which are reflected on the Final Closing Balance Sheet are good and collectible in the ordinary course of business at the aggregate recorded amounts thereof, less the amount of the allowance for doubtful accounts reflected thereon, and are not subject to offsets. The accounts and notes receivable of the Company which were thereafter added and which will be reflected on the Final Closing Balance Sheet are good and collectible in the ordinary course of business at the aggregate amounts recorded in its books of account, less the amount of the allowance for doubtful accounts reflected thereon (which allowance was established on a basis consistent with prior practice), and are not subject to offsets. The inventories reflected on the Audited and Unaudited Balance Sheets, and thereafter added, as reflected on the Closing Date Balance Sheet, consist of items of a quality and quantity usable or saleable within one year (except as set forth on Schedule 5.7) in the ordinary course of business, except for obsolete materials, slow-moving items, materials of below standard quality and not readily marketable items, all of which have been written down to net realizable value or adequately reserved against on the books and records of the Company. To the extent there is inventory not listed on Schedule 5.7 of a quality and quantity not usable or saleable in the ordinary course of business within one year, in lieu of a claim for indemnification, Buyer shall sell and the Selling Shareholders shall purchase such items of inventory at the value carried on the Final Closing Balance Sheet. All inventories not written off are stated at the lower of cost or market.

  • Merchantable Inventory All Inventory is in all material respects of good and marketable quality, free from all material defects.

  • As to Equipment and Inventory The Grantor hereby agrees that it shall

  • Inventories The Operator shall maintain detailed records of Controllable Material.

  • 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.

  • Remaining Inventories Xencor shall have the right to purchase from MorphoSys (or its Affiliate) all of the inventory of Licensed Products held by MorphoSys (or its Affiliate) as of the effective date of termination at a price equal to MorphoSys’ (or its Affiliate’s) fully burdened manufacturing cost, determined in accordance with GAAP.

  • 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.

Time is Money Join Law Insider Premium to draft better contracts faster.