STOCKS AND WORK IN PROGRESS Sample Clauses

STOCKS AND WORK IN PROGRESS. 5.4.1 The stocks of raw materials, packaging materials and finished goods held by each Group Company are not excessive and are adequate in relation to the current trading requirements of that Group Company.
Sample 1
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STOCKS AND WORK IN PROGRESS. Stocks and work in progress are valued at the lower of cost, including direct and an appropriate proportion of indirect overheads, and net realisable value. Overhead absorption is to be not less than 27.17% of Module, WIP, and "other" finished goods. Stock provisions are to be based on: Obsolete 90% Maintenance 50% Service 30% Demo 20% Loan/exchange 10%-90% based on age between current and 1 year There shall be no scrapping of stock or provision for the scrapping of stock. There shall be no provision for 'buffer' stock i.e. stock held at the request of any member of the Group by a supplier.
Sample 1
STOCKS AND WORK IN PROGRESS. 7.3.1 In the reasonable opinion of the Warrantors the stock of raw materials, packaging materials and finished goods now held are not excessive and are adequate in relation to the current trading requirements of the businesses of the Group Companies; and none of the stock is obsolete, slow moving, unusable, unmarketable or inappropriate or of limited value in relation to the current business of any Group Company; and no contracts are outstanding which are likely to change this.
Sample 1
STOCKS AND WORK IN PROGRESS. 6.1 Stock and work-in-progress shall be included at the values calculated in accordance with the stock-take and valuation carried out on the Completion Date and attended by the Vendor's Accountants and Purchaser's Accountants.
Sample 1
STOCKS AND WORK IN PROGRESS. 7.3.1 The stock of raw materials, packaging materials and finished goods now held are in the reasonable opinion of the Vendor adequate in relation to the current trading requirements of the businesses of the Company and in good condition.
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STOCKS AND WORK IN PROGRESS. (a) The stock of raw materials, packaging materials and finished goods now held are not excessive and are adequate in relation to the current trading requirements of the Company's business; none of the stock is obsolete, slow moving, unusable, unmarketable or inappropriate or of limited value in relation to the Company's current business and no contracts are outstanding which are likely to change this.
Sample 1

Related to STOCKS AND WORK IN PROGRESS

  • Work in Progress Upon any such early termination of the license granted hereunder in accordance with this Agreement, Licensee shall be entitled to finish any work-in-progress and to sell any completed inventory of a Licensed Product covered by such license which remain on hand as of the date of the termination, so long as Licensee pays to Scripps the royalties applicable to said subsequent sales in accordance with the terms and conditions as set forth in this Agreement, provided that no such sales shall be permitted after the expiration of six (6) months after the date of termination.

  • Raw Materials Lonza shall procure all required Raw Materials as well as consumables other than those Raw Materials that are Customer Materials. Customer shall be responsible for payment for all consumables and Raw Materials ordered or irrevocably committed to be procured by Lonza hereunder. Upon cancellation of any Batch or termination of the Agreement, all unused Raw Materials shall be paid for by Customer within [***] days of invoice and at Customer’s option will either be (a) held by Lonza for future use for the production of Product, (b) delivered to Customer, or (c) disposed of by Lonza.

  • Capital Equipment Collaborator’s commitment, if any, to provide ICD with capital equipment to enable the research and development activities under the Research Plan appears in Appendix B. If Collaborator transfers to ICD the capital equipment or provides funds for ICD to purchase it, then ICD will own the equipment. If Collaborator loans capital equipment to ICD for use during the CRADA, Collaborator will be responsible for paying all costs and fees associated with the transport, installation, maintenance, repair, removal, or disposal of the equipment, and ICD will not be liable for any damage to the equipment.

  • 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.

  • Spare Parts 14.1 As specified, the supplier may be required to provide any or all of the following materials, notifications, and information pertaining to spare parts manufactured or distributed by the supplier:

  • Materials and Equipment ‌ Material means property that may be consumed or expended during performance, component parts of a higher assembly, or items that lose their individual identity through incorporation into an end item. Equipment means a tangible item that is functionally complete for its intended purpose, durable, nonexpendable, and needed for performance. Materials and Equipment shall be priced in accordance with the terms of the task order award, contract type, and applicable FAR and agency-specific regulatory supplements. Unless otherwise directed by task order terms and conditions, the Contractor may apply indirect costs to materials and equipment consistent with the Contractor’s usual accounting practices.

  • Tooling Unless otherwise specified in this Agreement, all tooling and/or all other articles required for the performance hereof shall be furnished by Seller, maintained in good condition and replaced when necessary at Seller's expense. If NETAPP agrees to pay Seller for special tooling or other items either separately or as a stated part of the unit price of Goods purchased herein, title to same shall be and remain in NETAPP upon payment therefore.

  • Inventories The Operator shall maintain detailed records of Controllable Material.

  • 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).

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