WIP Sample Clauses

WIP. The purchase price for the WIP shall be the Seller’s cost of parts and accessories (with no internal markup) and the cost of the Seller’s service technician wage expense (with no internal markup); MINUS
WIP. The total price in pounds sterling of WIP shall be calculated as follows: WFWIPx = WWIPx x FFx WSWIPx = WWIPx x SFx and: TFWIP = S1yWFWIPx TSWIP = S1yWSWIPx and: TPWIP = (TFWIP x BVUF6) + (TSWIP x BVSWU) Where:
WIP. The WIP factor of the Purchase Price shall be computed and paid as follows: Purchaser shall pay Company in cash an amount equal to the value of the WIP on hand at Closing. WIP consists of component materials and sub-assemblies installed or otherwise incorporated on a chassis on a production line. Prior to the Closing, the Company will provide Purchaser with a good faith estimate ("Estimated WIP Inventory Value") of the value of the WIP. Purchaser shall pay Company in cash at Closing the amount of the Estimated WIP Inventory Value. The actual value of the WIP will be based on a physical inventory on or near the Closing Date. The physical inventory shall be conducted by the Company. Purchaser and Purchaser's representatives shall be present during the physical inventory to verify the counts. Company and the Purchaser and Purchaser's representatives shall agree on the counts and other material aspects of the physical inventory as it proceeds through completion. Within 15 days after the Closing, Company shall price and extend the physical count of WIP units and report in writing to Purchaser the computed value of the WIP. The value assigned to the individual units included in WIP shall be computed based on the dealer invoice for the unit, net of all discounts and rebates to the dealer on the unit, less the cost of the chassis on the unit determined in accordance with GAAP consistent with the past practices of Company, multiplied by fifty percent (50%). The computed value shall then be determined by multiplying the resulting figure from the computation described in the prior sentence by eighty percent (80%) and then adding back the cost of the respective chassis. The sum total shall be the value assigned to each respective unit in WIP at Closing. An example of the computation on one unit would be as follows: On a WIP unit with a $100,000 dealer invoice and no discount or rebate to the dealer and a $20,000 chassis cost, the computation would result in a computed unit cost of $52,000 arrived at by subtracting the cost of the chassis ($20,000) from the net dealer invoice ($100,000) and then multiplying the resulting $80,000 by 50% to get $40,000, and then multiplying the $40,000 by 80% to get $32,000. The total computed WIP unit cost would then be computed by summing the $32,000 computed conversion cost with the $20,000 chassis cost to total $52,000. Within 15 days after receiving Company's written report, the Purchaser will review the computation and report in wr...
WIP. (a) The Borrower shall ensure that all relevant persons record their time on each case within the Portfolio of Cases in a timely manner, so as to enable an accurate assessment of WIP to be made on an ongoing basis.
WIP. The total price in pounds sterling of WIP shall be calculated as follows: WFWIPx = WWIPx x FFx WSWIPx = WWIPx x SFx and: TFWIP=S1yWFWIPx TSWIP=S1yWSWIPx and: TPWIP=(TFWIP x BVUF6) + (TSWIP x BVSWU) Where:

Related to WIP

  • TOOLING In no event shall Buyer have any interest in any tools, jigs, dies, patterns, etc. (collectively, “Tooling”) which is made or obtained for the production of the Deliverables. Such Tooling shall remain the property of Seller.

  • Inventories Except as Schedule 5.25 sets forth: (i) all inventories, net of reserves determined in accordance with GAAP, of the Company which are classified as such on the Interim Balance Sheet are merchantable and salable or usable in the ordinary course of business of the Company; and (ii) the Company does not depend on any single vendor for its inventories the loss of which could have a material adverse effect on the business or financial condition of the Company or during the past five years has sustained a difficulty material to the Company in obtaining its inventories.

  • Raw Materials A. Catalent shall procure Raw Materials only from vendors that are approved in writing by Palatin or otherwise qualified in accordance with the provisions of the Quality Agreement. Catalent shall be responsible for procuring Raw Materials as necessary to meet the Firm Commitment. Catalent shall not be liable for any delay in delivery of Product if (i) Catalent is unable to obtain, in a timely manner, a particular Raw Material necessary for Processing and (ii) Catalent placed orders for such Raw Materials promptly following receipt of Palatin’s Firm Commitment. In the event that any Raw Material becomes subject to purchase lead time beyond the Firm Commitment time frame, the parties will negotiate in good faith an appropriate amendment to this Agreement, including Clause 4.2.

  • Consumables Hardware Support does not include the delivery, return, replacement, or installation of supplies or other consumable items (including, but not limited to, operating supplies, magnetic media, print heads, ribbons, toner, and batteries) unless otherwise stated in a Transaction Document.

  • Customer Equipment Customer represents and warrants that it owns or has the legal right and authority, and will continue to own or maintain the legal right and authority during the term of this Agreement, to place and use the Customer Equipment as contemplated by this Agreement. Customer further represents and warrants that its placement, arrangement, and use of the Customer Equipment in the Internet Data Centers complies with the Customer Equipment Manufacturer's environmental and other specifications.

  • Personnel Equipment and Material Engineer shall furnish and maintain, at its own expense, quarters for the performance of all Engineering Services, and adequate and sufficient personnel and equipment to perform the Engineering Services as required. All employees of Engineer shall have such knowledge and experience as will enable them to perform the duties assigned to them. Any employee of Engineer who, in the reasonable opinion of County, is incompetent or whose conduct becomes detrimental to the Engineering Services shall immediately be removed from association with the Project when so instructed by County. Engineer certifies that it presently has adequate qualified personnel in its employment for performance of the Engineering Services required under this Contract, or will obtain such personnel from sources other than County. Engineer may not change the Project Manager without prior written consent of County.

  • Spares Boeing will revise, as applicable, the customized Recommended Spares Parts List (RSPL) and Illustrated Parts Catalog (IPC).

  • Safety Equipment Should the employment duties of an employee in the bargaining unit require use of any equipment or gear to insure the safety of the employee or others, the District agrees to furnish such equipment or gear.

  • Inventory All inventory of the Company and the Subsidiaries, whether or not reflected in the balance sheet or interim balance sheet, consists of a quality and quantity usable and salable in the ordinary course of business, except for obsolete items and items of below standard quality, all of which have been written off or written down to net realizable value in the balance sheet or interim balance sheet or on the accounting records of the Company and the Subsidiaries as of the Closing Date, as the case may be. All inventories not written off have been priced at the lower of cost or market on the last in, first out basis. The quantities of each item of inventory (whether raw materials, work-in-process, or finished goods) are not excessive, but are reasonable in the present circumstances of the Company and the Subsidiaries.

  • Fabrication Making up data or results and recording or reporting them.