Inventory Assets definition
Examples of Inventory Assets in a sentence
Subject to Articles 8.2 and 8.3, Service Provider acknowledges and agrees that the Hosted Servers and Inventory Assets are assets of NORTHSTAR or any third party designated by NORTHSTAR (as applicable) (collectively, the “Owner of Hosted Servers”) and the Owner of Hosted Servers shall solely have the proprietary interest in the Hosted Servers.
In addition to the space for hosting of the Hosted Servers, Service Provider shall provide sufficient space to NORTHSTAR for storage and safe-keeping of Inventory Assets, provided that the number of Inventory Assets that NORTHSTAR may store and keep at Data Center Facility shall not be more than 1% of the number of the Hosted Servers.
For the purpose of this Article, the number of Inventory Assets refers to the number of whole servers and equipment hardware and the number of servers and equipment hardware which the spare parts and components may be assembled into or installed on.