Stocktake Sample Clauses

Stocktake. For purposes of determining the amount of Inventory included in Current Assets for purposes of calculating the Net Working Capital, the Parties recognize and agree that Purchaser may conduct a physical count of Inventory located at the Owned Real Property and in any warehouse at which Seller stores Inventory of the Catawba Mill Business within five (5) days after the Closing, and Seller shall be given at least two (2) Business Days’ prior written notice of the date, time and location of each such count and shall be entitled to be present for and observe each such count. The results of any stocktake undertaken pursuant to this Section 1.7 shall determine the counts, measurements or other inputs used in the determination of Inventory in accordance with the past practices of the Catawba Mill Business as reflected in Schedule WC, and such calculation of Inventory in accordance therewith shall be used in the determination of the Final Net Working Capital.

Stocktake. (a) The Buyer and the Seller Representative must cause management of the Company to cause a physical stocktake of all trading stock to be undertaken by the Group as at the Adjustment Statement Date ("Stocktake"). (b) Representatives of the Seller, including an auditor nominated by the Seller Representative (" Seller's Auditor"), the Buyer, the Auditor and the Buyer's auditor, PricewaterhouseCoopers, will be entitled to be present at the Stocktake to observe details recorded on the stock sheets. (c) The Stocktake must be undertaken in all jurisdictions in which the Group trades and carried out on or around the Adjustment Statement Date or over the immediately preceding weekend. Full stock counts must be conducted (as opposed to regular cycle counting) except that in relation to the Stocktake for that part of the Business conducted in Australia, this must be designed to utilise the benefit of the weekly cycle count procedures in place generally for that part of the Business.

Stocktake. For the purposes of preparing the Completion Balance Sheet, the parties will undertake that a stocktake of all Inventory of the Brand Companies is carried out on the Stocktake Dates by employees of the Brand Companies. The following provisions apply in relation to the stocktake: (a) the stocktake must be attended by a Representative of the Subscribers and a Representative of the Companies; (b) all Inventory on hand must be recorded in stock sheets which must be signed by the person carrying out the stocktake and must be verified by the Auditor; and (c) the Inventory recorded in the stock sheets verified by the Auditor must be valued in accordance with the policies, principles and practices referred to in clause 8.2 for the purposes of preparing the Completion Balance Sheet.

Stocktake. (a) Within the period of one month from the date of this agreement, the Commonwealth must give, and must procure that AN gives, the Purchaser a reasonable opportunity at the Purchaser's cost to inspect and take a count of all items of Plant and Inventory. During or after that inspection and prior to the Condition Fulfilment Date the Purchaser may give to the Commonwealth written notice specifying any Specified Locomotive which the Purchaser has been unable to inspect. If the Commonwealth agrees or it is determined that more than three of the Specified Locomotives described in schedule 6A are unable to be located, then the Commonwealth will arrange for the Auction Value of those locomotive to be determined within 10 Business Days of receipt by the Commonwealth of that notice and then subject to paragraph (b) the Purchaser will be entitled to a deduction from the Purchase Price of the amount of the aggregate of the Auction Values of those locomotives, up to a maximum of 30% of the Purchase Price. If no notice is given by the Purchaser under this clause before the Condition Fulfilment Date, then the Purchaser shall have no right to a deduction from the Purchase Price as contemplated by this clause. (b) If relevant Auction Values for the purposes of paragraph (a) have not been determined at Completion, the Purchaser must pay the full Purchase Price and the Commonwealth must repay to the Purchaser the aggregate of the Auction Values as soon as practicable when it has been ascertained up to the relevant maximum percentage of the Purchase Price specified in paragraph (a) above. -------------------------------------------------------------------------------- COMMERCIAL IN CONFIDENCE COMMERCIAL IN CONFIDENCE --------------------------------------------------------------------------------

Stocktake. The actual value of the stock in trade as at the giving and taking of possession shall be determined by joint stock-take by Vendor and Purchaser and an independent accounting firm with qualification for conducting an audit in accordance with PCAOB certification. Due allowance shall be made for obsolete or damaged stock. Both parties agree that the findings of the independent accounting firm shall be final and not subject to dispute under this Agreement. The value of the stock determined by joint stock-take should be used when preparing the closing statement in Schedule 3 Part A.

Stocktake. On the Closing Date or as soon as practicable thereafter, the Sellers and the Purchasers shall perform a stocktake. This stocktake shall be attended by the Sellers’ accountants and by the Purchasers’ accountants. The procedures to be adopted at the stocktake shall be agreed between the Sellers, the Purchasers, and their respective accountants in advance of the agreed date(s) on which the stocktake is to occur. Such stocktaking shall consist of a physical check of the quantities, quantity, and condition of all such stock in the Sellers’ ownership or control and an inspection of the books and records and any associated contractual documentation in respect of that stock, together with confirmation from any other persons having physical possession of such stock of the extent if any of any encumbrance or interest claimed. When such stocktaking has been completed the stock shall be valued for the purpose of the Closing Statement in accordance with this Schedule 11.

Stocktake. Minimum Standard = Monitor stock movement within service area to minimize stock shortages and achieve less than 2% stock variance of total stock holdings for each product category at each stock take. KPI Bonus = Monitor stock movement within service area to minimize stock shortages and achieve less than 1% stock variance of total stock holdings for each product category at each stock take. Measurement to be via stock take results achieved at each rolling stocktake. Minimum Standard = 100% of all paperwork issues to be resolved within timeframe nominated by Corporate Services for each stocktake. Measurement to be via nil complaints from Corporate Services for timeframe schedule not achieved.

Stocktake. Employees required to work overtime for the purpose of stocktake shall be paid at the rate of double time.

Stocktake. (a) The Company will continue to undertake nominated Service Van inventory stocktake as required. (b) In the event that stocktake is scheduled to occur on a Saturday, the Company will give Service Technicians at least one (1) months’ notice. There will be no more than two (2) Service Van inventory stocktakes per year conducted on a Saturday. (c) Field Service Technicians who are required to carry out stocktake of the Company allocated Service Van inventory shall be paid for all time worked to complete the stocktake, including overtime rates, where applicable, where the additional hours are continuous with ordinary hours; or when stocktake is performed as an additional and separate stand-alone shift in addition to ordinary hours, such as stocktake work performed on a Saturday, Field Service Technicians will be paid for all time worked at the applicable penalty rate, including overtime, or a minimum of four (4) hours at the applicable penalty rate, including overtime, whichever is the greater.