Initial Inventory Sample Clauses
The Initial Inventory clause defines the specific goods, materials, or stock that are present at the commencement of an agreement or business relationship. Typically, this clause will detail the quantity, type, and condition of items that are being transferred, counted, or acknowledged as part of the starting point for ongoing operations. By clearly establishing what constitutes the initial inventory, the clause helps prevent future disputes over stock discrepancies and ensures both parties have a mutual understanding of the baseline inventory for accounting, replenishment, or ownership purposes.
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Initial Inventory. If a casting included in the Initial Inventory does not conform to the required specifications or if the machining of an item of Initial Inventory is not performed in accordance with specifications established by the Venture in accordance with Section 9 hereof, the party casting or machining the component shall be charged back an amount equivalent to the attributable transfer cost set forth on Schedules 1.1 (a), 1.1 (b) and 1.1 (c).
Initial Inventory. (a) develop and maintain an inventory of the Client’s original equipment tools and attractables in place as of the effective date of the Agreement;
(b) develop inventory of critical spare parts.
Initial Inventory. (a) The “Initial Inventory” consists of the Feedstock and Products Inventory which are purchased on Buyer’s behalf from Valero pursuant to the ISA that are identified as “Crude Oil” and “Feedstocks” on Part II to Exhibit A of the ISA, including Tank Heels and the Hess VGO, but excludes any “Crude Oil” or “Feedstocks” located (i) in the Hess VGO Terminal - Baltimore or (ii) downstream of the outlet flange of the Storage Facilities. The Initial Inventory specifically excludes the hydrocarbon products identified as “Distillate,” “Gasoline,” “Intermediates,” “LPGS,” “Lube Plant,” “Residual” and “Other” on Part II to Exhibit A of the ISA.
Initial Inventory. As of the date of its delivery to Buyer, the Initial Inventory will contain a true and complete list of (and location) of slabs, raw materials and iron ore chips located on the Real Property.
Initial Inventory. On or before the Effective Date, we agree to: (a) procure the initial Inventory which you will purchase for its Cost Value, except in the case of consigned merchandise; (b) debit your Open Account for any prepaid Operating Expenses; (c) help you clean and stock the Store; and (d) provide other services to prepare the Store to open for business.
Initial Inventory is the list of assets of the CONCESSION, which whenever these assets are received by the CONCESSIONAIRE to be incorporated to the service during the concession, will be updated and submitted by the CONCESSIONAIRE to the GRANTOR and to the REGULATOR.
Initial Inventory. Contractor shall within one month of the Effective Date of the Agreement develop a detailed and accurate Baseline Inventory for the BHF and the Old Lagoons, identified by material and location and total of each material.
Initial Inventory. Owner will furnish an initial inventory of spare ----------------- parts, special tools, and office materials and furnishing. Such office materials and furnishing shall be at an aggregate cost not to exceed $250,000.
Initial Inventory. At the start of the contract, ECCS will consign to Unisys any long lead items purchased by ECCS for this product. After the initial inventory is depleted, Unisys will procure all material and provide a full turnkey solution. OBSOLETE PARTS INVENTORY Obsolete parts inventory caused by ECCS initiated ECNs will be paid for by ECCS. Unisys will attempt to return for credit or otherwise use any non-unique parts which become obsolete due to ECCS initiated ECNs.
Initial Inventory. On or before August 5, 2002, Distributor shall purchase from EC2000 an initial inventory of 10 product units.