Initial CRC Inventory definition
Initial CRC Inventory means the total volumes of Products located in situ in the CRC Included Locations to be sold by CRC to ▇▇▇▇ pursuant to this Agreement as of the applicable CRC Joinder Effective Date as determined according to the methodology set forth in Schedule P.
Initial CRC Inventory means the total volumes of Products located in situ in the CRC Included Locations to be sold by CRC to Aron pursuant to this Agreement as of the applicable CRC Joinder Effective Date as determined according to the methodology set forth in Schedule P.
Examples of Initial CRC Inventory in a sentence
The Transaction Entities warrant that on each CRC Joinder Effective Date, CRC shall transfer, or cause to be transferred, to ▇▇▇▇ good and marketable title to the Initial CRC Inventory free and clear of any Liens (other than inchoate tax Liens and/or as contemplated in the Intercreditor Agreement), and that it has full right and authority to transfer such title and effect delivery of such Initial CRC Inventory to ▇▇▇▇.