Common use of Inventory Audits Clause in Contracts

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. At Northwest’s '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.