Minimum Inventory definition

Minimum Inventory means, for each Product Group, the aggregate number of barrels indicated on Schedule E.

Minimum Inventory means the minimum quantity of LNG in kWh which the Service Provider (or an Affiliate) is required to maintain in the Facility’s storage tanks at all times under the Service Provider’s LNG Terminal Agreement, as specified in Schedule 1;

Minimum Inventory means five thousand cubic meters (5,000 m3) of LNG, or such other amount agreed between the Operator and the FSRU Owner and as further detailed in the Gas Accounting Procedure.

Examples of Minimum Inventory in a sentence

• To access the minimum inventory requirements, visit http://dph.georgia.gov/vendor-information and select “WIC Minimum Inventory Requirements”.

• The User shall ensure that its share, if any, of the Minimum Inventory is immediately transferred to the other Minimum Inventory Users and shall indemnify and hold harmless the Operating Company from and against any and all Loss arising out of or in connection with any failure to do so.

• Otherwise, the Operating Company will redeliver to the User the LNG envisaged by the Minimum Inventory through a redelivery profile determined by the Operating Company so as to ensure that the User’s Minimum Inventory is reduced to zero and that in no case will such operations have an adverse impact on the redelivery profile of the other Users.

• If SUPPLIER is unable to maintain the Minimum Inventory, SUPPLIER shall immediately notify COORS.

• Mentor shall have the right, but not the obligation, to conduct an annual audit of SiTech, at Mentor's expense, to satisfy itself that such Minimum Inventory Level is being met.

More Definitions of Minimum Inventory

Minimum Inventory means a quantity of 6,500 m3 of LNG or such reduced quantity as may be notified by Operator, being the quantity of LNG which the Operator, acting as a Reasonable and Prudent Operator, determines must be present in the FSRU on a continuous basis in order to maintain the temperature of the FSRU’s cargo tanks and unloading and processing lines at the level necessary to maintain safe and controlled operations at the Terminal.

Minimum Inventory means the quantity (in cubic metres (m3)) of LNG specified as such or determined as such in accordance with the Service Provider’s LNG Storage Contract;

Minimum Inventory is defined in Section 1.2(a).

Minimum Inventory means the minimum inventory required to respond to emergencies.

Minimum Inventory means a number of units of Product (by size) equal to 90% of the number of units of Product (by size) shipped by SWAI pursuant to this Agreement during the prior four (4) Calendar Months.

Minimum Inventory means Inventory having a book value of $3,672,819 minus any amount related to a Rejected Store Lease as of the Closing Date.

Minimum Inventory means $32,000,000.