Ordering and Inventory Sample Clauses

Ordering and Inventory. Vendor will manage the sale of all alcohol at the RCC including ordering and arranging deliveries, tracking liquor costs and overseeing inventory. Exeter will add Vendor’s liquor transport for hire company or a transport for hire company of their choosing as an authorized agent on Exeter’s liquor license. Vendor will assist and otherwise cooperate in this process. All liquor inventory will be located at RCC in their existing liquor room. Exeter will supply a secure location at RCC to receive liquor deliveries. Exeter will pay liquor and beer vendors directly by a method of their choosing. Vendor and Exeter will share all information concerning liquor inventory and liquor purchasing and delivery costs. Exeter reserves the right to audit the inventory and liquor sales accounting at any time.
Sample 1
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Ordering and Inventory. (a) Distributor shall submit to Supplier quarterly written non-binding forecasts projecting its requirement for Products. Each forecast shall be based upon the purchase orders made in the preceding quarter. Subject to Section 4(a) below, Supplier reserves the right to refuse to fill orders that exceed the preceding quarter’s forecast by *** Supplier requires a minimum *** lead time on orders for all Products. (b) All purchase orders submitted by Distributor shall be in the form set forth in Schedule B and be subject to acceptance by Supplier by either shipment of Product or written notice of acceptance. Each purchase order submitted by Distributor shall be binding upon Distributor and shall set forth the type of Products ordered, quantities to be supplied and delivery dates. No term or condition set forth in any purchase order submitted by Distributor will have any effect other than the identification of Product type, quantity, delivery dates and other general non-contractual invoice information. All other terms and conditions contained in Distributor’s purchase orders shall be deemed null and void. The terms set forth in this Agreement shall apply to all purchase orders placed by Distributor and accepted by Supplier. (c) Distributor shall pay to Supplier, pursuant to the wire instructions provided by Supplier, the amount of *** (the “Deposit”) to be paid as follows: *** Beginning with the payment of the full Deposit amount to the Supplier the Deposit shall be used to credit the first five percent (5%) of invoiced purchase orders made by Distributor to the Supplier. In the event Distributor does not purchase and order Products in sufficient quantities to recoup the Deposit prior to termination of this Agreement, the Deposit (or any remaining portion thereof) shall not be refundable. (d) If, at any time, it becomes necessary for Supplier to allocate shipments, Supplier will take whatever action in its judgment is fair and appropriate.
Sample 1
Ordering and Inventory. (a) All purchase orders submitted by Distributor shall be in the form set forth in Schedule A and be subject to acceptance by written notice of acceptance within five (5) Business Days of the date of the purchase order. If Dais and its Affiliates are not able to accept a purchase order according to the terms of the purchase order, Dais shall contact Distributor promptly and review the terms with Distributor. Each purchase order submitted by Distributor shall be binding upon Distributor when such a purchase order is duly accepted by Dais and shall set forth the type of Products ordered, quantities to be supplied and delivery dates. No term or condition set forth in any purchase order submitted by Distributor will have any effect other than the identification of Product type, quantity and delivery dates unless agreed to in writing by Dais. All other terms and conditions contained in Distributor’s purchase orders or Dais’s sales acknowledgement shall be deemed null and void. Unless agreed to in writing by the Parties at the time of order and acknowledgement. The terms set forth in this Agreement shall apply to all purchase orders placed by Distributor and accepted by Dais or its Affiliates. (b) Invoices will be issued by Dais or its Affiliates promptly upon acceptance of the purchase order. Invoices will include the Products’ price which includes taxes, levies, duties and fees applicable to the sale of the Products by Dais or its Affiliates to Distributor. Payment for twenty percent (20%) of the invoice amount is due within three (3) Business Days from the date of the invoice with the remainder of the invoice amount due within thirty (30) days from the date of ocean shipment or upon receipt of the original Bills of Lading by Distributor or Distributor’s bank whichever is sooner. Payment can be made by either telegraph transfer or Letter of Credit, issued by a reputable bank in the Territory with a letter of credit under the same terms as the sample Letter of Credit in Schedule E. All payments are to be made in U.S. Dollars. (c) A late payment fee of the greater of 1.5% per month (18% per year) or the maximum rate permitted by applicable law will be applied to all payments due under this Agreement, invoices for Products and services and Payments (calculated and paid pursuant to Section 8) not paid within forty-five (45) calendar days of the due date, with interest accruing from the date payment was due through the date that payment in full of the overdue invoi...
Sample 1

Related to Ordering and Inventory

  • 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.

  • As to Equipment and Inventory Grantor hereby agrees that it shall: (a) keep all the Equipment and Inventory (other than Inventory in transit and Inventory sold in the ordinary course of business) at the places therefor specified in Section 3.1.1 or, upon 30 days' prior written notice to Agent, at such other places in a jurisdiction where all representations and warranties set forth in Article III (including Section 3.1.6) shall be true and correct, and all action required pursuant to the first sentence of Section 4.1.7 shall have been taken with respect to the Equipment and Inventory; (b) with respect to any Equipment or Inventory in the possession or control of any Third Party or any of Grantor's agents, notify such Third Party or agent of Agent's security interest in such Equipment or Inventory and, upon Agent's request following the occurrence and during the continuance of an Event of Default, direct such Third Party or agent to hold all such Equipment or Inventory for Agent's account and subject to Agent's instructions; (c) cause the Equipment to be maintained and preserved in the same condition, repair and working order as when new, ordinary wear and tear excepted, and in accordance with any manufacturer's manual; and forthwith, or in the case of any material loss or damage to any of the Equipment, as quickly as practicable after the occurrence thereof, make or cause to be made all repairs, replacements, and other improvements in connection therewith which are necessary or desirable to such end; and promptly furnish to Agent a statement respecting any loss or damage to any of the Equipment within ten (10) business days after Grantor obtains knowledge of any such loss or damage; and (d) pay promptly when due all property and other taxes, assessments and governmental charges or levies imposed upon, and all claims (including claims for labor, materials and supplies) against, the Equipment and Inventory, except to the extent the validity thereof is being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with Generally Accepted Accounting Principles have been set aside.

  • 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 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.

  • 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 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.

  • 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.

  • 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.

  • Inventories All of the Assets constituting inventory are owned or used by Company, are in good, current, standard and merchantable condition and are not obsolete or defective.

  • Accessories, Spare Parts and Tools Accessories, spare parts and tools dispatched with a piece of equipment, machine, apparatus or vehicle, which are part of the normal equipment and included in the price thereof or which are not separately invoiced, shall be regarded as one with the piece of equipment, machine, apparatus or vehicle in question.

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