Common use of Accounting segregation Clause in Contracts

Accounting segregation. 1. Each Party shall provide that the determination of whether fungible products or materials are originating products shall be made ordinarily by physical segregation of each product or material; or, in case of any difficulty, an inventory management method, such as averaging, last-in, first-out, or first-in, first out, recognised in the GAAP of the Party in which the production is performed, or otherwise accepted by the Party in which the production is performed.

Accounting segregation. 1. Each Party shall provide that the determination of whether fungible products goods or materials are originating products shall be made ordinarily by through physical segregation of each product good or material; or, in case or through the use of any difficulty, an inventory management method, such as averaging, last-in, first-out, first- out or first-in, first out, recognised in the GAAP generally accepted accounting principles of the Party in which the production is performed, or otherwise accepted by the Party in which the production is performed.