From August Clause Samples
From August. 16 of each year until one day before the date of admission of the student as mentioned in the housing assignment statement, residence can be canceled through the dormitories website and half the advance refunded.
From August. 1 through October 1 of each year, the District retains the right to adjust and add positions without posting them if the openings are due to unforeseen circumstances.
From August. 13, 2001 through the Closing Date, the JAC Group Companies have not written off, and will not write off (for any reason, including without limitation, obsolescence, slow-movement, damage, unsaleablility, or unusablility) inventory in an amount of more than three tenths of one percent (0.3%) of sales for the period from August 13, 2001 through the Closing Date. The items of inventory reflected in the Financial Statements 2000 and/or the Interim Financial Statements that have not been sold or used are, and the items of inventory to be reflected in the Closing Financial Statements will be, of a type, quantity and quality fully usable or saleable in the ordinary course of business consistent with past practice at the aggregate recorded amount thereof, net of any applicable reserve for obsolescent, slow-moving, damaged, unsaleable or unusable inventory (the "Inventory Reserves"). The usability or ------------------ saleability of the inventory shall be determined by the parties in connection with the physical inventory to be taken pursuant to Section 7.6. The parties agree that changes in the usability or saleability after the Closing Date shall not be relevant. The Inventory Reserves are and were, and as of the Closing Date will be, (i) adequate, (ii) calculated in a manner consistent with past custom and practice (including, without limitation, the JAC Guidelines) and German GAAP, and (iii) eight percent (8%) or less of the net inventory after deduction of Inventory Reserves.