Initial Inventory definition

Initial Inventory means the volumes of Products and ethanol sold to MSCG on the Closing Date (as defined in the Off-Take Agreement).

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Initial Inventory means, for each Product Group, the total volumes of Products in such Product Group located in situ in the Included Locations to be sold by DCR to ▇▇▇▇ pursuant to this Agreement as of the Commencement Date (but not including any then-existing Excess Quantities).

Initial Inventory has the meaning specified in the recitals hereto.

Examples of Initial Inventory in a sentence

As the Initial Inventory is depleted, Lessee shall purchase, at its sole cost and expense, any replacement Inventory which may be required.
The parties acknowledge and agree that as of the date of this Lease the amount of Initial Inventory at the Facility is consistent with the amount of Inventory customarily maintained in a hotel of the type and character of the Facility and as otherwise is required to operate the Leased Property in the manner contemplated by this Lease and in compliance with the Franchise Agreement and all Legal Requirements.
The Parties shall determine the actual volumes of the Initial Inventory sold by PRC to ▇▇▇▇ hereunder as of the Commencement Date (the “Actual Initial Inventory”) in accordance with the procedures set forth in Schedule D.
On Thursday, June 27, 2013, PRC shall prepare its good faith estimate of the Initial Inventory to be sold by PRC to ▇▇▇▇ hereunder as of the Commencement Date (the “Estimated Initial Inventory”) based on the volumes held in the Included Locations as of 11:59:59 p.m. EPT on Wednesday, June 26, 2013, and shall deliver a written statement thereof to ▇▇▇▇ by 5:00:00 p.m. EPT on Thursday, June 27, 2013.
The Parties shall determine the actual volumes of the Initial Inventory sold by DCR to ▇▇▇▇ hereunder as of the Commencement Date (the “Actual Initial Inventory”) in accordance with the procedures set forth in Schedule D.

More Definitions of Initial Inventory

Initial Inventory means, for each Product Group, the total volumes of Products in such Product Group located in situ in the Included Locations to be sold by PRC to ▇▇▇▇ pursuant to this Agreement as of the Commencement Date (but not including any then-existing Excluded Third-Party Inventory or Excess Quantities).

Initial Inventory means the mar- ketable merchandise and consumable supplies that RSB determines is necessary for a man- ager to begin operation of a new or substan- tially altered vending facility.

Initial Inventory means, for each Product Group, the total volumes of Products in such Product Group located in situ in the Included Locations to be sold by DCRC and PBFH to Aron pursuant to this Agreement as of the Commencement Date (but not including any then-existing Excess Quantities).

Initial Inventory means the marketable merchandise and con- sumable supplies that RSB determines is necessary for a manager to begin operation of a new or substantially altered vending facility[;].

Initial Inventory means the initial inventory of Accessories and Consumables, established in accordance with Good Utility Practice.

Initial Inventory means as of the Commencement Date, all Crude Oil and blendstock inventories located in the Designated Tanks, the Pipeline System (including line fill) and all Crude Oil in transit by vessel or in pipelines to be delivered into the Designated Tanks. “Initial Inventory Fee” means a one time fixed fee in the amount of $(***). “Initial Term” has the meaning set forth in Section 4.1. “Letter of Credit” means an originally signed or telex of an irrevocable standby letter of credit issued in favor of Vitol in form and substance satisfactory to Vitol by a bank acceptable to Vitol and delivered to Vitol in an amount acceptable to Vitol, for which all costs incurred in the issuance thereof have been or will be paid by Coffeyville. “Liabilities” means any losses, claims, charges, damages, deficiencies, assessments, interests, penalties, costs and expenses of any kind (including reasonable attorneys’ fees and other fees, court costs and other disbursements), directly or indirectly arising out of or related to any suit, proceeding, judgment, settlement or judicial or administrative order, including any Liabilities with respect to Environmental Laws. “LIBOR” means the London Interbank Offered Rate for three-month U.S. dollar deposits (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen LIBOR01 Page (or any successor page) at approximately 11:00 a.m. (London, England time), two (2) Business Days prior to the first (1st) day of such three- month period. If for any reason such rate is not available, LIBOR shall be, for any specified period, the rate per annum reasonably determined by Vitol as the rate of interest at which U.S. Dollar deposits in the approximate subject amount would be offered by major banks in the London interbank Eurodollar market at their request at or about 10:00 a.m. (London, England time) two (2) Business Days prior to the first day of such period for a term comparable to such period. 6

Initial Inventory means all of the Belted Drive Components held in the inventory of each of the Venturers as of the Effective Date.