Inventory Audits Sample Clauses
The Inventory Audits clause establishes the right of one party, typically the buyer or a third-party auditor, to inspect and verify the quantity and condition of inventory held by the other party. In practice, this clause may specify the frequency of audits, the notice required before an audit, and the standards or procedures to be followed during the inspection. Its core function is to ensure transparency and accuracy in inventory reporting, helping to prevent discrepancies, fraud, or mismanagement of goods.
Inventory Audits. At Northwest’s request, during the term of this Agreement Pinnacle and Northwest shall conduct an annual inventory audit of all spare parts, tooling and ground support equipment owned by Northwest and leased to Pinnacle or owned by Northwest and supplied to Pinnacle. Such audit shall not be requested more than one time per calendar year. In conducting such audit, the parties shall tabulate the quantity and type of all spare parts and ground support equipment including recognition of spare parts and ground support equipment which were scrapped in the preceding year(s). Such audit, when completed and agreed to by both parties, shall be final.
Inventory Audits. During monitoring visits, the Vendor shall provide access during normal business hours to all records of eWIC transactions, shelf prices, shelf price records, and purchase records (invoices) of WIC authorized foods.
Inventory Audits. Bank shall have the right to conduct audits of the ---------------- Borrower's Inventory at Borrower's expense.
Inventory Audits. At Delta’s request, during the Term each Operator and Delta (or its designee) shall conduct periodic inventory audit of all spare parts, tooling and equipment owned by Delta and leased to such Operator or owned by Delta and supplied to such Operator. In conducting such audit, the applicable Parties shall tabulate the quantity and type of all spare parts and equipment including recognition of spare parts and equipment which were scrapped in the preceding year(s).
Inventory Audits. At Delta’s request, during the Term Pinnacle and Delta shall conduct an annual inventory audit of all spare parts, tooling and ground support equipment owned by Delta and leased to Pinnacle or Mesaba or owned by Delta and supplied to Pinnacle or Mesaba. Such audit shall not be requested more than one time per calendar year. In conducting such audit, the Parties shall tabulate the quantity and type of all spare parts and ground support equipment including recognition of spare parts and ground support equipment which were scrapped in the preceding year(s). Such audit, when completed and agreed to by the Parties, shall be final.
Inventory Audits. Perform physical audits on its Inventory no less than two (2) times each fiscal year until Agent has approved in writing a perpetual inventory accounting system acceptable to the Agent in its sole discretion and such perpetual inventory accounting system has been implemented to the satisfaction of the Agent.
Inventory Audits. At Northwest’s request, during the term of this Agreement Mesaba and Northwest shall conduct an annual inventory audit of all spare parts, tooling and ground support equipment owned by Northwest and leased to Mesaba or owned by Northwest and supplied to Mesaba. Such audit shall not be requested more than one time per calendar year. In conducting such audit, the parties shall tabulate the quantity and type of all spare parts and ground support equipment including recognition of spare parts and ground support equipment which were scrapped in the preceding year(s). Such audit, when completed and agreed to by both parties, shall be final.
Inventory Audits. Subsection 12.14(c) of the Loan Agreement is hereby amended to read as follows:
Inventory Audits. During monitoring visits, the Vendor shall provide access, during normal business hours, to all WIC food instruments, shelf prices, shelf price records, purchase records of WIC authorized foods, and food storage areas. Violations of the WIC Program that would result in federally mandated sanctions, which occurred during the previous Contract period, may be carried over and used as a basis for termination and/or disqualification or other sanctions (including monetary claims) under any subsequent Contracts in accordance with the most recent Violations and Sanctions section of the Vendor Manual.
Inventory Audits. Lenders shall perform sample inventory audits of Borrower's inventory of Pre-Sold Units, Spec Units, Model Units, and Finished Lots within thirty (30) days of the Closing Date and thereafter on a quarterly basis (or at such other intervals as Lenders may reasonably require at Borrower's expense, not to exceed ________________and No/100 Dollars ($_________) per audit. Lenders reserve the right to exceed this limit if changes imposed by regulatory authorities or internal Lenders auditors require an audit of greater scope.