Common use of Month End Inventory Clause in Contracts

Month End Inventory. (a) As of 11:59:59 p.m., CPT, on the last day of each month, the Operator shall apply the Volume Determination Procedures to the Terminal, and based thereon shall determine for such month for each Product, the aggregate volume of such Product held in the Terminal at that time (each, an “Actual Month End Product Volume”). The Operator shall notify the Company of each Actual Month End Product Volume by no later than 5:00 p.m., CPT, on the fifth Business Day thereafter.

Month End Inventory. (ai) As of 11:59:59 p.m., CPT, on the last day of each month, the Operator Logistics shall apply the Volume Determination Procedures to the TerminalTerminal and the Tankage, and based thereon shall determine for such month for each ProductMaterial, the aggregate volume of such Product Material held in the Terminal and the Tankage at that time (each, an “Actual Month End Product Volume”). The Operator Logistics shall notify the Company Lion of each Actual Month End Product Volume by no later than 5:00 p.m., CPT, on the fifth Business Day thereafter.