Inventory Taking definition

Inventory Taking has the meaning assigned to that term in Section 5.4 hereof. “Inventory Taking Service” has the meaning assigned to that term in Section 5.4 hereof.

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Inventory Taking shall have the meaning set forth in Section 2.5.

Inventory Taking means the SKU-level and Retail Price physical inventory of the Merchandise located at the Stores caused by the Merchant and Agent to be taken which shall count Distribution Center in accordance with the Agency Agreement.

Examples of Inventory Taking in a sentence

• Merchant agrees that during the conduct of the Inventory Taking at each Store such Store shall be closed to the public and no sales or other transactions shall be conducted.

• Merchant and Agent shall each have representatives present during the Inventory Taking, and shall each have the right to review and verify the listing and tabulation of the inventory taking service.

• Except as provided in the immediately preceding sentence, Merchant and Agent shall bear their respective costs and expenses relative to the Inventory Taking.

• Merchant and Agent agree to cooperate with each other to conduct the Inventory Taking commencing at a time that would minimize the number of hours that such locations would be closed for business.

• To the extent that the aggregate Retail Price of the Merchandise, as determined by the final results of the Inventory Taking (defined below), is (x) less than the Minimum Inventory Amount, then the Guaranteed Amount shall be decreased by an amount equal to 65% of such deficiency, or (y) greater than the Minimum Inventory Amount, the Guaranteed Amount shall be increased by an amount equal to 36% of such excess.

More Definitions of Inventory Taking

Inventory Taking has the meaning set forth in Section 2(i)(i).

Inventory Taking has the meaning set forth in Section 2.6(a).

Inventory Taking has the meaning assigned to that term in Section 5.4 hereof.

Inventory Taking has the meaning set forth in §2.12.

Inventory Taking has the meaning set forth in Section 2.4(a) hereof. ---------------- "Layaway, Repair, and Special Order Merchandise" means all items of ---------------------------------------------- merchandise held by the Company on layaway or for repair, or customer-specific special orders, in each case pursuant to binding agreements, invoices or other legal documentation, where (A) the documentation is clear as to the name, address, telephone number, date of last payment and balance due from the customer, and (B) the goods subject to layaway are fully described in the documentation.

Inventory Taking has the meaning set forth in Section 9.4(a).

Inventory Taking has the meaning specified in the GE Transaction Accounting Principles.