Reconciliation of Inventory Sample Clauses

Reconciliation of Inventory. Reconciliation of inventory with charges to the joint account shall be made by each party at interest, and a list of overages and shortages shall be jointly determined by said parties.
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Reconciliation of Inventory a. Discrepancies between physical and book inventory shall be reconciled monthly, or more frequently, if required by WSDA FA. Irreconcilable shortages shall be settled by computing the value of such shortages based on the USDA value. A monetary or in-kind settlement from the Contractor for the shortage amount shall be required. In-kind replacement of product must be of the like quality. Book inventory shall be adjusted to correspond with physical inventory after settlement.
Sample 1
Reconciliation of Inventory. A reconciliation of the physical inventory with the Production Facilities Account records shall be made by representatives of the Owners authorized to conduct the physical inventory. The Operator shall submit a list of overages and shortages to all Non-Operators and shall make adjustments to the Production Facilities Account records to reflect the physical inventory.
Sample 1
Reconciliation of Inventory with the Joint Account shall be made and a list of overages and shortages as well as obsolete and surplus materials shall be furnished to the Non-Operator(s). Inventory adjustments shall be made to the Joint Account in accordance with good accounting practices.
Sample 1
Reconciliation of Inventory. Reconciliation of inventory stocktakes, with resulting variances taken to profit or loss in the Joint Venture operating accounts, shall be made by the Manager and a list of overages and shortages shall be provided to the Participants.
Sample 1
Reconciliation of Inventory. Reconciliation of Inventory with charges to the Joint Venturers must be made by the Manager and a list of overages and shortages must be provided to the Joint Venturers.
Sample 1

Related to Reconciliation of Inventory

  • Administration of Inventory Each Borrower shall keep records of its Inventory which records shall be complete and accurate in all material respects. Each Borrower shall furnish to Agent Inventory reports concurrently with the delivery of each Borrowing Base Certificate described in subsection 8.1.4 or more frequently as reasonably requested by Agent, which reports will be in such format and detail as Agent shall reasonably request and shall include a current list of all locations of such Borrower’s Inventory. Each Borrower shall conduct a physical inventory no less frequently than annually and shall provide to Agent a report based on each such physical inventory promptly thereafter, together with such supporting information as Agent shall reasonably request.

  • Returns of Inventory No Borrower shall return any Inventory to a supplier, vendor or other Person, whether for cash, credit or otherwise, unless (a) such return is in the Ordinary Course of Business; (b) no Default, Event of Default or Overadvance exists or would result therefrom; (c) Agent is promptly notified if the aggregate Value of all Inventory returned in any month exceeds $1,000,000; and (d) any payment received by a Borrower for a return is promptly remitted to Agent for application to the Obligations.

  • Payment of Invoices When applicable pursuant to this Section 4.02, for fees and expenses of the Asset Representations Reviewer that are not paid by the Servicer within thirty (30) days following the receipt of an invoice by the Servicer, the Asset Representations Reviewer will issue invoices to the Issuer at the notices address set forth in Section 10.4 of the Sale and Servicing Agreement and the Issuer shall pay all invoices submitted by the Asset Representations Reviewer via the priority of payments described in Sections 2.8 or 5.4(b) of the Indenture, as applicable, on the Distribution Date following the month in which the invoice was received by the Issuer.

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