Required Inventory Sample Clauses

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.
Sample 1
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Required Inventory. [THIS PORTION HAS BEEN REDACTED.]
Sample 1
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 EXECUTION COPY ***Text Omitted and Filed Separately with the Securities and Exchange Commission. Confidential Treatment Requested Under 17 C.F.R. Sections 200.80(b)(4) and 240.24b-2 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 spe...
Sample 1
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.
Sample 1
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.
Sample 1

Related to Required 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.

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

  • Physical Inventory The Contractor shall periodically perform, record, and disclose physical inventory results. A final physical inventory shall be performed upon contract completion or termination. The Property Administrator may waive this final inventory requirement, depending on the circumstances (e.g., overall reliability of the Contractor’s system or the property is to be transferred to a follow-on contract).

  • 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.

  • 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 The Grantor hereby agrees that it shall

  • 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.

  • Returned Inventory If an Account Debtor has an authorized return and returns any Inventory covered by such return to such Grantor when no Event of Default exists, then such Grantor shall promptly determine the reason for such return and shall issue a credit memorandum to the Account Debtor in the appropriate amount. Such Grantor shall deliver a monthly report to the Administrative Agent setting forth all such returns involving an amount in excess of $10,000,000. Each such report shall indicate the reasons for the returns and the locations and condition of the returned Inventory. In the event any Account Debtor returns Inventory to such Grantor when an Event of Default exists, such Grantor, upon the request of the Administrative Agent, shall: (i) hold the returned Inventory in trust for the Administrative Agent; (ii) dispose of the returned Inventory solely according to the Administrative Agent’s written instructions; and (iii) not issue any credits or allowances with respect thereto in an amount exceeding $500,000 in the aggregate during any Fiscal Month without the Administrative Agent’s prior written consent. All returned Inventory shall be subject to the Administrative Agent’s Liens thereon. Whenever any Inventory is returned, the related Account shall be deemed ineligible to the extent of the amount owing by the Account Debtor with respect to such returned Inventory and such returned Inventory shall not be Eligible Inventory unless such Inventory constitutes Third Party Logistics Goods.

  • Inventory Adjustment (a) Within 30 days after the Closing Date, Sellers shall prepare and deliver to Buyer a statement (the "Closing Inventory Statement") setting forth the type and value, as of the close of business on the day immediately preceding the Closing Date, of the inventory of the Business, which statement shall be derived from a physical taking of such inventory as of such date and shall value inventory on the basis of the lower of cost or market value utilizing a first-in, first-out method in a manner consistent with Sellers' and the Companies' past practices and the standards and principles used in the preparation of the Unaudited Consolidated Statement of Net Investment Assets of the Business as of September 25, 2004 and shall otherwise be prepared in a manner consistent with Sellers' and the Companies' past practices with respect to perpetual inventory records; provided, that all amounts denominated in Canadian dollars that are part of the calculation of the value of inventory pursuant to this Section 2.05 shall be converted into U.S. dollars using the Closing Date Exchange Rate. Buyer and its representatives shall have such opportunity as Buyer reasonably deems appropriate to observe the taking and reconciliation of such inventory (which may begin prior to the Closing Date) in connection with the preparation of the Closing Inventory Statement. Buyer shall provide Sellers and their accountants, upon reasonable notice, such access to the books and records, to any other information, including working papers of Buyer's accountants, and to any employees of Buyer and its affiliates, in each case as may be reasonably necessary for Sellers to take such physical inventory, prepare the Closing Inventory Statement, respond to the Buyer's Inventory Objection (as defined in Section 2.05(b)) and prepare materials for presentation to the Arbitrator in connection with the matters contemplated by Section 2.05(c). If necessary, Buyer shall, after Closing, also provide or cause to be provided to Sellers and their designees such access as such persons may reasonably request to all facilities at which inventory of the Business is located in order to conduct such physical inventory. For the avoidance of doubt, the inventory of the Business to be valued pursuant to this Section 2.05 consists of the Inventory and all inventory of the Companies.

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