Physical Count definition

Physical Count means a physical count of Borrowers' Inventory (the methodology and implementation of such physical count to be satisfactory to Agent in its Permitted Discretion), conducted by an appraisal, accounting, auction, or other professional firm acceptable to Agent.
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Physical Count or “verification” means the physical counting or stock-take procedures performed on inventory held in a warehouse/storeroom;
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Physical Count means that part of the Services provided on User’s physical location(s) to count the inventory in the Area.
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Examples of Physical Count in a sentence

  • These items are recognized as expense in full upon issuance to end users but recorded under the Report on the Physical Count of Inventories for monitoring purposes.

  • The SERVICE PROVIDER is required to send official representatives during inspections or inventory-taking of PMO personnel in PMO PROPERTY annually, incompliance with the annual submission of Report on Physical Count of Property, Plant and Equipment (RPCPPE) to the Commission on Audit (COA).

  • The Tally and Physical Count report in EVI may be used to help document vaccine management.

  • StepActionNotes12.Compare the previously recorded stock balance that you just circled in the previous row to the Physical Count balance.

  • Parent shall have the right to review and inspect all records regarding and query all personnel involved in the Physical Count for 90 days after the Closing Date and, within such period, to raise any objections regarding the conduct of the Physical Count or identify any discrepancies or errors which Parent may identify in the Physical Count.

  • The SERVICE PROVIDER is required to send official representatives during inspections or inventory-taking of PMO personnel in PMO PROPERTIES annually, regardless of the three (3) year contract of services, incompliance with the annual submission of Report on Physical Count of Property, Plant and Equipment (RPCPPE) to the Commission on Audit (COA).

  • Physical Count An annual physical count, conducted by two people, must be taken of all tools, equipment, and vehicles.

  • Buyer may not assert an Objection with respect to (i) collectability of Receivables or (ii) Inventory, except based on a disparity between the Closing Date Physical Count and Sellers' inventory as reflected in its financial records as of the Closing Date.

  • Based on the Physical Count, the Sellers shall confirm and identify all Inventory and Excluded Inventory at each Confirmed Inventory Location (such Inventory and Excluded Inventory, the “Confirmed Inventory”).

  • We recommend that the Municipal Mayor should create an inventory committee to conduct physical count of properties and equipment once a year using the official form of a Report on the Physical Count of Property, Plant and Equipment and to submit to the Office of the Auditor.


More Definitions of Physical Count

Physical Count means the physical count of the Purchased Cash located at each facility in accordance with customary industry practice and applicable Laws to determine the definitive amount of Purchased Cash located at such facility as of the Effective Time.
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Physical Count has the meaning ascribed to it in Section 3.5(a)(ii).
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Physical Count has the meaning set forth in Section 6.2
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Related to Physical Count

  • Physical Collocation shall have the meaning set forth in Section 8.1.1.

  • Physical abuse means any physical injury, mental injury, or threatened injury, inflicted by a person responsible for the child’s care other than by accidental means; or any physical or mental injury that cannot reasonably be explained by the child’s history of injuries or any aversive or deprivation procedures, or regulated interventions, that have not been authorized by Minn. Stat. § 125A.0942 or § 245.825.

  • Physical therapist means an individual who is licensed by a state to practice physical therapy.

  • Physical harm means bodily injury, impairment, or disease.

  • Physical Assets means equity securities, debt securities, fixed income securities and units in exchanged traded funds.

  • physical nexus means that you have physical presence, such as: a building/facility located in Seattle, you make sales trips into Seattle, your own company drives into Seattle for product deliveries, and/or you conduct service work in Seattle (repair, installation, service, maintenance work, on-site consulting, etc).

  • Physical therapy licensing board or "licensing board" means the agency of a state that is responsible for the licensing and regulation of physical therapists and physical therapist assistants.

  • Post Office means the South African Post Office, a public company with limited liability duly incorporated in accordance with company laws of the Republic of South Africa with registration number 1991/005477/06.

  • Physical therapy aide means a person who has

  • Physical custody means the physical care and supervision of a child.

  • Physical therapy means services provided by a qualified physical therapist.

  • Physical examination means the assessment of an individual’s health by a professional licensed to practice medicine or osteopathy, or by an advanced practice nurse or physician assistant.

  • Arterial street means any United States or state numbered route, controlled access highway, or other major radial or circumferential street or highway designated by local authorities within their respective jurisdictions as part of a major arterial system of streets or highways.

  • Physical hazard means a chemical for which there is scientifically valid evidence that it is a combustible liquid, a compressed gas, explosive, flammable, an organic peroxide, an oxidizer, pyrophoric, unstable (reactive) or water-reactive.

  • Has a record of such impairment means has a history of, or has been misclassified as having, a mental or physical impairment that substantially limits one or more major life activities.

  • Physical disability means a severe, chronic condition that is attributable to a physical impairment that results in substantial limitations of physical functioning in three or more of the following areas of major life activities: self-care, receptive and expressive language, learning, mobility, self-direction, capacity for independent living, and economic self-sufficiency.

  • Joint physical custody means an order awarding each of the parents significant, but

  • Physical Commodities means any physical commodity with respect to which a Commodity Interest is traded on a market specified in the definition of Commodity Shares above.

  • Physical Escort means the temporary touching or holding the hand, wrist, arm, shoulder, or back of a student who is acting out for the purpose of inducing the student to walk to a safe location.

  • Office means the registered office for the time being of the Company;

  • Trust Office means an office of a bank at which trust services are performed and at which deposits are not accepted, checks are not paid, and money is not lent.

  • Corporate Trust Office means the office of the Trustee at which, at any particular time, its corporate trust business shall be principally administered, which office at the date hereof is located at .

  • Physical dependence means a state of adaptation that is manifested by a drug-specific withdrawal syndrome that can be produced by abrupt cessation, rapid dose reduction, decreasing blood level of the drug, administration of an antagonist, or a combination of these.

  • Has a record of such an impairment means has a history of, or has been misclassified as having, a mental or physical impairment that substantially limits one or more major life activi- ties.

  • Physical assault means intentionally causing or attempting to cause physical harm to another through force or violence.

  • Boulevard means the area between the street line and the nearest edge of a roadway and/or the area separating the roadways or a divided highway.