Pro Shop Inventory Sample Clauses

Pro Shop Inventory. Upon the termination of the Lease, the representatives of Lessor and Lessee shall prepare an inventory at the Golf Course (which inventory shall be binding on Lessor and Lessee) of (i) all of guests’ golf clubs and luggage checked or left in the care of the Golf Course by guests then or formerly at the Golf Course, (ii) parcels, laundry or other property of guests checked or left in the care of the Golf Course by guests then or formerly at the Golf Course, and (iii) all items contained in the Golf Course “lost and found”. Lessor shall be responsible for all of such items listed in the inventory from and after the delivery of such items by Lessee to Lessor and shall indemnify, defend and hold Lessee harmless from and against any claim, liability, cost or expense (including reasonable attorneys’ fees) incurred by Lessee relating to the loss of or damage to such items listed in the inventory from and after their delivery to Lessor. The provisions of this paragraph 57(a)(ii) shall survive termination of this Lease.
Sample 1
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Pro Shop Inventory. Purchaser shall give Seller a credit at Closing for eighty percent (80%) of Seller's cost of the inventory in the Project's pro shop. At least five (5) days prior to Closing, Seller shall deliver to Purchaser copies of all information and records necessary to support the prorations hereunder. In the event any prorations made pursuant hereto shall prove incorrect for any reason whatsoever, either party shall be entitled to an adjustment to correct the same. The parties shall reprorate the foregoing amounts and agree upon a final proration of all items set forth herein within ninety (90) days after the Closing except for items with respect to which the parties have not received final information within such ninety (90) day period.
Sample 1
Pro Shop Inventory. All receipts for sales of existing pro-shop inventory made through December 31, 2010 shall be remitted to Seller within fifteen (15) Calendar Days after the end of the month in which such payment was made. Existing pro-shop inventory shall mean pro-shop inventory owned by Seller as of the Closing Date.
Sample 1

Related to Pro Shop Inventory

  • 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.

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

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

  • 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.

  • Physical Inventory Borrower shall conduct a physical count of the Inventory at such intervals as FINOVA requests and promptly supply FINOVA with a copy of such accounts accompanied by a report of the value (calculated at the lower of cost or market value on a first in, first out basis) of the Inventory and such additional information with respect to the Inventory as FINOVA may request from time to time.

  • 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.

  • 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.

  • Capital Equipment Collaborator’s commitment, if any, to provide ICD with capital equipment to enable the research and development activities under the Research Plan appears in Appendix B. If Collaborator transfers to ICD the capital equipment or provides funds for ICD to purchase it, then ICD will own the equipment. If Collaborator loans capital equipment to ICD for use during the CRADA, Collaborator will be responsible for paying all costs and fees associated with the transport, installation, maintenance, repair, removal, or disposal of the equipment, and ICD will not be liable for any damage to the equipment.

  • 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.

  • 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.

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