Replenishment Clause Samples
The Replenishment clause outlines the obligations and procedures for restocking goods or materials under a contract. Typically, it specifies the frequency, quantity, and conditions under which the supplier must deliver additional inventory to maintain agreed-upon stock levels. For example, it may require automatic shipments when inventory falls below a certain threshold or mandate regular reporting to trigger replenishment. This clause ensures continuity of supply, preventing shortages and disruptions in operations by clearly defining how and when inventory is to be replenished.
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Replenishment. All unused sick leave bank days will be carried over to the next school year. In the event that total is less than 180 days, all participating members will be assessed an additional day.
Replenishment. If, as a result of any drawing by Landlord on the L-C pursuant to its rights set forth in Section 21.3 below, the amount of the L-C shall be less than the L-C Amount, Tenant shall, within ten (10) business days thereafter, provide Landlord with (i) an amendment to the L-C restoring such L-C to the L-C Amount or (ii) additional L-Cs in an amount equal to the deficiency, which additional L-Cs shall comply with all of the provisions of this Article 21, and if Tenant fails to comply with the foregoing, notwithstanding anything to the contrary contained in Section 19.1 above, the same shall constitute an incurable default by Tenant under this Lease (without the need for any additional notice and/or cure period).
Replenishment. If the sick leave bank needs to be replenished, all members will be requested to donate an additional day. Members with a current sick leave balance of at least 100 days may contribute a maximum of two days during open enrollment or a request to replenish the sick leave bank. Members with a current sick leave balance of at least 200 days may contribute a maximum of three days during open enrollment or a request to replenish the sick leave bank. Members who cannot or do not donate another day during a replenishment request will be removed from Joint Sick Leave Bank and Exchange membership. A Joint Sick Leave Bank and Exchange member returning from a leave of absence has 30 days to make the required donation to maintain Joint Sick Leave Bank and Exchange membership.
Replenishment. In the event Buyer draws upon or makes a claim on Seller Security pursuant to Section 9.3, Seller shall replenish the amount of Seller Security required by Section 9.1 or Section 9.2 within ten (10) Days. Expiration of Letter of Credit If a Letter of Credit is serving as Seller Security, Seller shall replace such Letter of Credit with other Seller Security (which may be another Letter of Credit) more than five (5) Business Days before the expiration of the Letter of Credit. If Seller fails to provide such substitute Seller Security more than five (5) Business Days before the expiration of the Letter of Credit, Buyer may draw the full amount of the Letter of Credit and hold the proceeds until Seller Security satisfying the requirements of this Agreement is provided by Seller to Buyer. Buyer may at any time thereafter apply such proceeds to satisfy any amounts owed by Seller to Buyer under this Agreement (other than disputed amounts) that are not satisfied within ten (10) Days following the date on which such amounts become due and owing pursuant to Article 7, or any amount Buyer is entitled to draw in the event a Seller Event of Default has occurred and is continuing. GOVERNMENTAL CHARGES
Replenishment. Within 15 Days following each draw by Company on the Security Fund in respect of damages described in Section 12.4(B), Seller shall replenish the Security Fund by an amount equal to such draw. Within 15 Days following any other draw by Company on the Security Fund, Seller shall replenish the Security Fund by the amount of such draw, provided that the aggregate amount of replenishments under this Section 11.2(B) shall not exceed the Damage Cap.
Replenishment. The maximum number of shares authorized for issuance under this Plan pursuant to Section 5.02 shall be increased each year by 8% (the "Replenishment Percentage") of the amount, if any, by which the total number of shares of Common Stock outstanding as of the last day of the Company's fiscal year exceeds the total number of shares of Common Stock outstanding as of the first day of such fiscal year. Provided, however, that in no event shall the total number of shares authorized for issuance under this Plan exceed 8% of the authorized and outstanding shares of Common Stock as of the time of any replenishment adjustment. The issuance of shares of Common Stock under this Plan and the application of Article IX shall be disregarded for purposes of applying the preceding sentence. This
Replenishment. Within thirty (30) days after receipt of confirmation notice from the City that any amount has been withdrawn from the Security Fund, as provided in this Section 5, the Company shall restore the Security Fund to the amount specified in Appendix C hereof, provided that, if a court finally determines that said withdrawal by the City was improper, the City shall refund the improperly withdrawn amount (plus any interest accrued thereon between such improper withdrawal and such refund) to the Security Fund or to the Company such that the balance in the Security Fund shall not exceed the amount specified in Appendix C hereof. The City shall supply to the Company a written statement of deposits to and withdrawals from the Security Fund upon request of the Company, but not more often than once in any calendar quarter.
Replenishment. If the Buyer draws on the Performance Security as permitted hereunder, then the Seller shall within three Business Days after such draw provide additional security in the form specified in section 12.4 sufficient to replenish or maintain the aggregate amount of the Performance Security at the amount required hereunder.
Replenishment. 1. The Sick Bank shall be from September 1 to August 31.
2. On September 1 of each bank year, all participating employees will donate a sick leave day(s) or portion thereof to be placed in the leave bank. Assessment will be based on the number of participating employees and number of days needed to reach a minimum of one hundred (100) days.
3. Upon depletion of the bank during the same year, the members will donate up to one full leave day on approval of the Sick Bank Chairperson and notification by the Human Resources Office.
4. If the bank again depletes during the same year, the members will again donate up to one full leave day on approval of the Sick Bank Chairperson and notification by the Human Resources Office.
Replenishment. When the sick leave bank has one hundred (100) days remaining, the bank shall be replenished by asking for voluntary contributions from persons who are members. A member who declines to contribute to the replenishment shall be withdrawn from the bank.