Common use of PARTS INVENTORIES Clause in Contracts

PARTS INVENTORIES. The parts inventories of the Company at December 31, 1998 consist of goods of a quality and in quantities that are suitable for sale in the ordinary course of its business with normal xxxx-up at prevailing market prices. All parts and accessories in the inventories of the Company are undamaged parts and accessories that (i) are still in the original, resalable merchandising package, and in unbroken lots, (ii) were listed for sale in the then-current dealer parts and accessories price schedule for the represented manufacturers, (iii) were purchased directly from the represented manufacturers, and (iv) are returnable under the terms of the represented manufacturers' sales and service agreement for credit to the account of the Company.