Minimum Inventory Clause Examples

Minimum Inventory. During the Term, ALLERGAN shall maintain a reasonable stock of inventory of Product and Materials throughout the supply chain ("RESERVE SUPPLY"). The amounts of inventory specified in this Section shall be based on the Rolling Forecast.

Minimum Inventory. For the period, April 1, 2020 to September 30, 2020, the Corporation will not be required to maintain a minimum inventory balance. After October 1, 2020 the Corporation shall maintain a minimum inventory of dried cannabis flower of 2,000 kg.

Minimum Inventory. Seller shall maintain an inventory of supplies, ----------------- parts and materials for the construction, operation and maintenance of the System consistent with past practice in the ordinary course of business, including sufficient supplies, parts and materials on the Closing Date for operation and maintenance of the System by Buyer thereafter as if Seller had remained the operator of the System on and after the Closing Date.

Minimum Inventory. Licensee shall at all times maintain a sufficient inventory of the Licensed Products available for immediate delivery to customers in the Territory, which shall correspond at least to the Territory-wide volume of Licensee’s sales for the next three (3) forecasted months (which inventory amount shall be reviewed by the Parties after the first Calendar Year following the Calendar Year in which the First Commercial Sale occurred and modified if necessary by the Parties’ mutual written agreement), and shall use all means and make all arrangements necessary to fulfill in due time all orders it receives from customers.

Minimum Inventory. The Inventory Value set forth on the Inventory Listing Report after adjustments identified on the Inventory Closing Update shall be no less than Sixty Million Dollars ($60,000,000).

Minimum Inventory. Subject to the constraints imposed by any breach by HMRI of any of the terms of this AGREEMENT, by any SUPPLY INTERRUPTION or by any EXTENDED SUPPLY INTERRUPTION, and subject to HMRI's fulfillment of its delivery

Minimum Inventory. During the Term, Distributor shall maintain an inventory of units of the Products sufficient to fulfill the forecasted demand for the Product in the Territory.

Minimum Inventory. On the Commencement Date and thereafter during the Term, Tenant shall, at its sole cost and expense, furnish and maintain at the Leased Property all Inventory necessary or desirable for the operation of the Leased Property in accordance with the provisions of this Agreement, the Franchise Agreement, the Hotel Standard and reasonable commercial practice. On the Commencement Date and at the commencement of each calendar year, Tenant shall submit to Landlord a detailed list of all Inventory. Tenant, at its sole cost and expense, shall repair, maintain and replace the Inventory so that the greater of (x) the Minimum Inventory, or (y) the remaining Inventory, is delivered to Landlord on the date of expiration or the earlier termination of this Agreement.

Minimum Inventory. Not later than 30 days after Closing, the Chief Financial officer of the Buyer shall certify in writing to the Seller the net book value of the Inventory based upon a physical inventory to be conducted after Closing by the Buyer and utilizing the same inventory valuation methods as used by the Seller prior to Closing. If the net book value of the Inventory, as so determined, shall be less than $2,302,000, the Purchase Price shall be further reduced by the amount of such deficiency on a dollar-for-dollar basis; provided, however that (i) the Buyer shall be deemed to have received $37,250 of such Inventory in lieu of payment for certain equipment set forth on Schedule 1.1(k), (ii) the Buyer shall be deemed to have received an amount of Inventory equal to that amount of the expense reimbursement not paid to Seller pursuant to Section 7.3 hereof and (iii) any Accounts Receivable collected by the Buyer in excess of $1,835,000 shall be credited as Inventory in determining any Inventory deficiency; provided, further, however, that any returns from customers of Inventory shall not be counted in determining the value of Inventory and any and all credits required to be given to any customers or vendors, including without limitation, any advertising credit, consistent with Seller's prior practice shall, to the extent such credit is not also deducted from the Accounts Receivable, be deducted from the value of the Inventory.