Inventory Audit definition

Inventory Audit means an audit of the physical properties and volumes, using standard practices and standard tank-gauging wire-line devices or another method acceptable to the Administrative Agent, of all or a portion, as determined by the Administrative Agent from time to time, of the Borrower’s Inventory, conducted by an independent consulting firm selected by the Administrative Agent.

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Inventory Audit means an examination of food invoices or other proofs of purchase to determine if a vendor has purchased sufficient quantities of authorized supplemental food to provide to participants the quantities specified on food instruments redeemed by the vendor during a given period of time.

Inventory Audit shall have the meaning set forth in Section 2.10(a)(i).

Examples of Inventory Audit in a sentence

The Inventory Audits will be performed as of the close of business at each selected location on the date of its Inventory Audit.
One Quarter unit = 12 hours In the Course Inventory Audit Report b.
The Inventory Service shall also conduct a physical inventory (with a representative of each of the Company and Purchaser Sub present thereat in order to observe such Inventory Audit) at each Distribution Center prior to the Distribution Center Closing Date.
The Inventory Service shall conduct an Additional Inventory Audit of that number of Acquired Stores being transferred at the Closing and any applicable Subsequent Closing as may be mutually agreed by Purchaser Sub and the Company.
In the case of a 24-hour store, the Inventory Audit will be performed as of 11:59 p.m. store time.

More Definitions of Inventory Audit

Inventory Audit means the examination of invoices or other proofs of purchase to determine whether a vendor has purchased sufficient quantities of approved foods compared to valid claims for payment.

Inventory Audit means an examination of food invoices or other proof of purchase to determine if a vendor has purchased sufficient quantities of authorized supplemental food to provide to participants the quantities of food items redeemed by the vendor during a given period of time.

Inventory Audit has the meaning ascribed thereto in Section 5(B).

Inventory Audit shall have the meaning set forth in Section 2.02.

Inventory Audit has the meaning set forth in Section 2.2(c)(i).

Inventory Audit means the examination of food invoices or other proofs of purchase to determine whether a vendor has purchased sufficient quantities of supplemental foods to provide participants the quantities specified on WIC Cards redeemed by the vendor during a given period of time.

Inventory Audit means an audit conducted over a specific period of time in order to determine whether a vendor’s claimed reimbursement for the sale of an amount of a specific food item exceeds the vendor's documented inventory of that item.