Physical Inventories definition

Physical Inventories shall have the meaning set forth in Section 7.4.
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Physical Inventories. The CM will conduct a Physical Inventory annually and report the results to Handspring. Handspring reserves the right to conduct Physical Inventories on a list of selected parts, if the need arises. For consigned inventory, the CM is responsible for the full purchase value of the consigned inventory if damaged or lost. Handspring agrees to reimburse damage insurance with all applicable receipts and justification.
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Examples of Physical Inventories in a sentence

  • Sylvamo shall have the right to audit the Physical Inventories on giving at least five (5) Business Days prior written notice to IP.

  • Participate in full Physical Inventories of all physical warehouse locations.

  • ABC agrees to offer the use of four (4) ABC Physical Inventory hand held units twice a year for the Customer to utilize when conducting Physical Inventories.

  • The physical inventories shall be collectively referred to in this Agreement as the "Physical Inventories." If a third party is used to conduct the inventory, then such third party shall be jointly selected by Lithia and the Company, and the costs will be shared equally between Lithia and the Company.

  • Physical Inventories of the Flextronics controlled area(s) are to be conducted by Customer employees daily and reviewed by Flextronics personnel.

  • Inventories shall be conducted annually and an inventory summary sheet, “FY___ Physical Inventories Performed” shall be submitted by November 1 each year listing all GCEP Leased Personalty.

  • Since the date of the applicable Physical Inventories, there have been no material increases or decreases in the quality or quantity of inventories of the applicable Transferred Location except in the ordinary course of business consistent with past practice.

  • Physical Inventories 138 ​ ​ ​ ARTICLE 7 NEGATIVE COVENANTS 134 138 Section 7.01.

  • Physical Inventories; Inventory and Equipment Appraisals and Field Audits .........................

  • The parties acknowledge and agree that the Purchased Inventory may consist of inventory in addition to the inventory located at the Active Distribution Centers on the date of the Physical Inventories and that reconciliation must be done to take into account sales made from and deliveries and returns to or from the Active Distribution Centers between the finalization of the Physical Inventories and the Closing Date.