Special Inventories Sample Clauses
The Special Inventories clause defines how certain goods or materials, designated as 'special inventories,' are to be managed, tracked, or handled under the agreement. This clause typically applies to items that are set aside, reserved, or customized for a particular project or client, and may outline requirements for storage, ownership, or reporting. Its core function is to ensure that these unique or critical inventories are properly accounted for and protected, reducing the risk of loss, confusion, or misallocation.
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Special Inventories. Special inventories may be taken whenever there is any sale, change of interest, or change of Operator in the Joint Property. It shall be the duty of the party selling to notify all other Parties as quickly as possible after the transfer of interest takes place. In such cases, both the seller and the purchaser shall be governed by such inventory. In cases involving a change of Operator, all Parties shall be governed by such inventory.
Special Inventories. Whenever there is a sale or change of interest in the Agreement, a special inventory may be taken by the Operator provided the seller and/or purchaser of such interest agrees to bear all of the expense thereof. In such cases, both the seller and the purchaser shall be entitled to be represented and shall be governed by the inventory so taken.
Special Inventories. Whenever there is a sale or change of interest in the Agreement, a special inventory may be taken by Paltar provided the seller and/or purchaser of such interest agrees to bear all of the expense thereof. In such cases, both the seller and the purchaser shall be entitled to be represented and shall be governed by the inventory so taken.
Special Inventories. Special Inventories may be taken whenever there is any sale or change of interest in the Joint Property. It shall be the duty of the party selling to notify all other Parties as quickly as possible after the transfer of interest taken place. In such cases, both the seller and the purchaser shall be governed by such inventory.
Special Inventories. The expense of conducting inventories other than those described in Sections V.1 (Directed Inventories), V.2.A (Operator Inventories), or V.2.B (Non-Operator Inventories), shall be charged to the Party requesting such inventory; provided, however, inventories required due to a change of Operator shall be charged to the Joint Account in the same manner as described in Section V.1 (Directed Inventories). Operator, at all times while conducting operations under the Operating Agreement to which this Exhibit is attached, shall carry the following insurance:
Special Inventories. Special inventories may be taken, at the expense of the requesting Party, whenever there is any sale or change of Percentage Interest in the JV Activities or part thereof and it shall (subject to the Agreement) be the duty of the party, assigning to notify all other Parties hereto as quickly as possible that the transfer of interest is to take place. In such cases, both the assignor and the assignee shall be represented and shall be bound by the inventory so taken.
Special Inventories. Whenever there is a transfer or other change of interest in the Agreement, a special inventory may be taken by the Operator provided the seller and/or purchaser of such interest agrees to bear all of the expense thereof. In such cases, both the seller and the purchaser shall be entitled to be represented and shall be governed by the inventory so taken. There are no pre-agreement joint expenditures. This Overriding Royalty Agreement is made as of ________________, 2010, between [all license holders who are granting the O▇▇] (foregoing parties are collectively the "Grantor") and GeoGlobal Resources (India) Inc. (the "Grantee").
Special Inventories. Any Non-Operator may, with reasonable notice and at his own expense, require the Operator to take a special inventory of the Material charged to the Joint Account, and shall have the right to be represented when the inventory is taken.
Special Inventories. Whenever there is a sale or change of a Percentage Interest under the Association Contract, a special inventory may be taken by the Operator provided the seller and/or purchaser of such Percentage Interest agrees to bear all of the expense thereof. In such cases, both the seller and the purchaser will be entitled to be represented and will be governed by the inventory so taken.
Special Inventories. Whenever there is a sale or change of Interest in the Mineral Rights, the Property or the Assets, a special inventory may be taken by the Manager, provided the seller or purchaser or such Interest requests such inventory and agrees to bear all of the expense thereof. In such cases, both the seller and the purchaser shall be entitled to be represented. A special inventory shall be required when there is a change in the Manager. The cost of the latter inventory will be charged to the Joint Account when the change in the Manager does not come about as the result of a sale of the former Manager's Interest.