Required Inventory. 8.1 A full compliance check of the property will take place as part of the inspection, including checking that all required furniture is provided. Items shall be of a safe and usable standard in order to be approved. On arrival of the property, the Property Manager shall provide occupants with an inventory to date and sign.
8.2 Detailed inventory and amenity requirements are provided in section 6.0 of the relevant Housing Accreditation Scheme Code of Practice.
Required Inventory. From time-to-time during the Term, Amgen may notify (each a “Required Inventory Notice”) Nektar to, and if so notified and within [***] after notification Nektar shall, obtain and maintain at the Facility certain quantities and types of Raw Materials (“Required Inventory”). Within [***] after receipt of each Required Inventory Notice, Nektar shall submit to Amgen Nektar’s good faith estimate of the cost of obtaining and maintaining at the Facility the Required Inventory that is the subject of the Required Inventory Notice (“Estimated Costs of Maintaining Required Inventory”). Within [***] after Amgen’s receipt of the Estimated Costs of Maintaining Required Inventory, Amgen and Nektar shall negotiate in good faith the amount to be paid by Amgen to Nektar in return for Nektar maintaining the Required Inventory, and Amgen shall only be obligated to pay Nektar in return for maintaining the Required Inventory amounts agreed to by Amgen in writing, and, if the Parties are unable to reach agreement within such [***], then the Parties shall refer the matter to an independent Third Party with expertise in sourcing and storing raw materials and mutually agreed upon by the Parties, such agreement not to be unreasonably withheld or delayed (“Raw Materials Evaluator”). Within [***] after referral to the Raw Materials Evaluator, Nektar shall submit to the Raw Materials Evaluator the basis for the Estimated Costs of Maintaining Required Inventory and Amgen shall submit the basis for its objection to the Estimated Costs of Maintaining Required Inventory, and the Raw Materials Evaluator shall then determine an estimated cost of obtaining and maintaining at the Facility the Required Inventory and such determination shall be binding on the Parties. The determination of the Raw Materials Evaluator shall be deemed Confidential Information hereunder. The fees and expenses of the Raw Materials Evaluator shall be borne by [***]. Nektar shall store and maintain (including without limitation rotation of inventory) the Required Inventory so that it is appropriately available for use in the Manufacturing of Product. Nektar shall have the right to use in Manufacturing the Required Inventory provided that Nektar restock such Raw Materials so as to always maintain the Required Inventory in the quantities specified in each Required Inventory Notice. Upon and pursuant to Amgen’s written request, at Amgen’s cost including the Raw Materials Direct Costs, Nektar shall ship to Amgen or its de...
Required Inventory. The Borrower shall have Required Inventory on the date of each Borrowing or the issuance of each Letter of Credit hereunder. The request by the Borrower for, and the acceptance by the Borrower of, each extension of credit hereunder shall be deemed to be a representation and warranty by the Borrower that the conditions specified in this Section have been satisfied at that time.
Required Inventory. The Borrower shall have delivered an Inventory Compliance Certificate, dated the Effective Date, demonstrating that it has at least $300 million in Required Inventory.
Required Inventory. [THIS PORTION HAS BEEN REDACTED.]
