Separation of Inventory Sample Clauses

Separation of Inventory. (a) Regarding the Logical Separation of DC inventory for Seller and Buyer (i) Logical Separation is an Operational Separation (A) Seller and Buyer will each have a Logical Separation of DC inventory (ii) Calculating Logical Separation of DC inventory for each Party to draw from is a function of Relative Demand Forecasts entered into IDRP based upon • Using Relative Demand Forecasts to determine IDRP stocking targets in accordance with Order Feasibility Logic by each Party • Entering Relative Demand Forecasts by Item, by Week and by DC by each Party • Establishing how much time is required to fulfill demand is a function of Order Feasibility logic parameters within IDRP: • Varies by Vendor Production Point of Origin • Determined by Vendor Production Planning cycle and Total Lead-times • Calculating Demand Forecasts is a function within IDRP generated by: • Establishing each Store Reorder Points by users • Downloading Store On Hand and Store On Order from RIM • Entering Sales Forecasts by users • Entering Floor Set Quantities by users • Allocating DC On Hand Inventory and Inbound PO’s is performed between IDRP and DOS for the following functions: • Store Replenishment • Customer Orders • Flooring of Newly Assorted Items (iii) Supplying and/or reviewing all demand forecast data is the responsibility of Buyer (A) IDRP will continue to provide baseline sales forecast for Buyer. Buyer IM team will review and modify forecasts where appropriate in collaboration with Buyer. (B) Entering forecasts into IDRP will be performed by the IDRP Certified Buyer IM team under Order Feasibility parameters based upon IDRP forecasting logic (C) Collaborating on forecasts will be performed between Buyer IM teams and Buyer (D) Altering forecasts to change prevailing logic of similar item history as the default for IDRP demand forecasts in DC Logical Separation of Inventory calculations will be completed by Buyer IM team. (1) Submitting store demand and sales forecasts via IDRP is the responsibility of Buyer (2) Communicating demand/sales changes where the Buyer default demand forecast is deemed too high/low is the responsibility of Buyer (E) Forecasting Store Reorder Point Increases and Decreases must occur within IDRP along with all other demand factors such as resets, seasonal buys, and promotions by Buyer IM team (F) Planning demand where IDRP is not used within Seller, must be communicated to Seller IM teams based on order feasibility by Buyer (G) Execution of Inbound DC PO’s ...
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
Separation of Inventory. The following applies to Product and, unless otherwise indicated below, Buyer Unique Products: (a) Regarding the Logical Separation of DC inventory for Seller and Buyer
Sample 1
Separation of Inventory. Keep Inventory and other assets acquired through a Term Advance hereunder separate from the Borrower's other Inventory and assets on the Borrower's Financial Statements.
Sample 1

Related to Separation of Inventory

  • Location of Inventory Except as set forth in Schedule 4.25, the Inventory of Borrowers and their Subsidiaries is not stored with a bailee, warehouseman, or similar party and is located only at, or in-transit between, the locations identified on Schedule 4.25 to this Agreement (as such Schedule may be updated pursuant to Section 5.14).

  • Administration of Inventory Borrower shall keep records of its and its Subsidiaries’ Inventory which records shall be complete and accurate and complete in all material respects. 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 requested by Agent, which reports will be in such other format and detail as Agent shall request and shall include a current list of all locations of Borrower’s Inventory. 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.

  • Location of Inventory and Equipment The Inventory and Equipment are not stored with a bailee, warehouseman, or similar party (without Foothill's prior written consent) and are located only at the locations identified on Schedule 6.12 or otherwise permitted by Section 6.12.

  • Sale of Inventory Purchaser shall purchase (or shall cause its Affiliates to purchase) the Inventory in separate transactions in accordance with the terms and conditions contained in the Supply Agreement. It is agreed and understood by and between the Parties that the Purchase Price does not include the Inventory.

  • Promotion of Investment Member States shall cooperate in increasing awareness of ASEAN as an integrated investment area in order to increase foreign investment into ASEAN and intra-ASEAN investments through, among others: (a) encouraging the growth and development of ASEAN small and medium enterprises and multinational enterprises; (b) enhancing industrial complementation and production networks among multi-national enterprises in ASEAN; (c) organising investment missions that focus on developing regional clusters and production networks; (d) organising and supporting the organisation of various briefings and seminars on investment opportunities and on investment laws, regulations and policies; and (e) conducting exchanges on other issues of mutual concern relating to investment promotion.

  • Promotion of Investments 1. Each Contracting Party shall promote investments in its territory by investors of the other Contracting Party and shall accept such investments in accordance with its legislation. 2. In particular, each Contracting Party shall authorize the conclusion and the fulfilment of licence contracts and commercial, administrative or technical assistance agreements, as far as these activities are in connection with such investments.

  • Submission of Invoices 5.1 An original invoice shall be submitted by mail by the Contractor for each payment under the Contract to the following address: .................………………………………………………………………………………………………………………. 5.2 Invoices submitted by fax shall not be accepted by UNDP.

  • Separation of Insureds All liability policies shall provide cross-liability coverage as would be afforded by the standard ISO (Insurance Services Office, Inc.) separation of insureds provision with no insured versus insured exclusions or limitations.

  • 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.

  • Termination of Investment The obligation of the Investor to make an Advance to the Company pursuant to this Agreement shall terminate permanently (including with respect to an Advance Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for an aggregate of fifty (50) Trading Days, other than due to the acts of the Investor, during the Commitment Period, and (ii) the Company shall at any time fail materially to comply with the requirements of Article VI and such failure is not cured within thirty (30) days after receipt of written notice from the Investor, provided, however, that this termination provision shall not apply to any period commencing upon the filing of a post-effective amendment to such Registration Statement and ending upon the date on which such post effective amendment is declared effective by the SEC.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!