Controlled Inventory definition

Controlled Inventory means inventory that may impact the registration of vehicles and collection of fees. These items are the department issued computer DMV 95A paper, Commercial Vehicle Registration Act (CVRA) decals and stickers, PFR stickers and month stickers. These items are at all times the property of the department.

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Controlled Inventory means (a) Bottled Water Product Inventory in the possession of a Credit Party or a Manufacturer or Distributor; and (b) Cooler Inventory in the possession of a Credit Party.

Controlled Inventory means specific items created, regulated, verified, and supplied by the Commission to allow providers to process transactions. Controlled inventory consists of blank but control-numbered trip permits.

Examples of Controlled Inventory in a sentence

The Bailee recognizes the Agent’s continuing security interest in the Controlled Inventory and in the proceeds thereof.
The Bailee hereby authorizes and empowers the Agent to access the premises where the Controlled Inventory is located for the purposes of guarding and maintaining the Controlled Inventory, preparing and showing the same for sale and/or conducting a sale thereof.
At any time when the Bailee has possession of the Controlled Inventory, the Bailee agrees to prevent the commingling of the Controlled Inventory in its possession with other Inventory, goods or items in the Bailee’s possession by clearly separating, dividing or otherwise isolating the Controlled Inventory from all such other items in the Bailee’s possession.
By executing this Letter, the Bailee acknowledges that from time to time the Bailee is in possession of Controlled Inventory and that, because of the Agent’s interest in the Controlled Inventory, the instructions contained in this Letter are irrevocable and cannot be altered or amended without the prior written consent of the Agent.
Provide 8’ high wire mesh partition system at QC Hold and Controlled Inventory.
So long as no Default Period (hereinafter defined) is continuing, the ▇▇▇▇▇▇ may control the Controlled Inventory.
The Bailee covenants and agrees that the Controlled Inventory is and shall remain owned by the ▇▇▇▇▇▇, and that the Agent may at any time and from time to time inspect, remove and/or repossess the Controlled Inventory while in possession of the Bailee without accountability to the Bailee therefor and free of any lien, security interest, right or claim which the Bailee may now or hereafter have, such right of the Agent being independent of any other right or remedy the Agent may have.
The Bailee will also clearly identify the Controlled Inventory as belonging to the ▇▇▇▇▇▇, through the use of labels, tags, or other similar coding methods.
The ▇▇▇▇▇▇ agrees that the Bailee shall be fully protected in acting on any notice or direction by the Agent relating to the Controlled Inventory without making any inquiry whatsoever as to the Agent’s right or authority to give such notice or direction.
The Bailee confirms in favour of the Agent that it has not, prior to the date hereof, executed in favour of any third party any document, instrument or agreement pursuant to which (a) the Bailee has acknowledged a security interest in the Controlled Inventory in favour of such third party, or (b) the Bailee has agreed to follow the instructions of such third party in respect of the Controlled Inventory.

More Definitions of Controlled Inventory

Controlled Inventory. A blank TP template(s) or a blank TA template(s) created, regulated, verified and supplied by the NJMVC to the Program Provider.

Controlled Inventory means inventory provided to the Registry Agent by the GOA and distributed by a supplier hired by the GOA, that the GOA tracks through the Registry, and includes, but is not limited to, forms, license plates and validation tabs that are listed in the Policies as amended from time to time;