Par Level definition

Par Level means the minimum quantity of an item stocked at the beginning of a shift and replenished during the shift if below the par level.
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Par Level. - means the minimum quantity of an item stocked at the beginning of a shift, which will be automatically replenished, should the level fall below the preset level. (4101)
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Par Level means, with respect to each category of Consumables, the Other Inventory, the M&E and the Watercraft Fleet, as applicable, the amount of Consumables, the Other Inventory, the M&E and the Watercraft Fleet, as applicable, maintained by the Business, and/or located at the Real Property, in the ordinary course of the day to day operation of the Business, in accordance with its current operating budget and in a manner which does not materially vary from the policies, practices and procedures which have characterized its operation during the twelve (12) months preceding the Effective Date.
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Examples of Par Level in a sentence

  • As the Facilities dispense the Consigned Inventory to patients, Customer shall order Specialty Products from Cardinal Health to replenish the Consigned Inventory and to ensure compliance with the Consigned Inventory Par Level.

  • Customer shall order Specialty Products from Cardinal Health as necessary to replenish Consigned Inventory and maintain the Consigned Inventory Par Level.

  • The parties will review Consigned Inventory Products every six months to determine whether the Consigned Inventory Par Level reflects actual utilization.

  • Customer shall follow accepted pharmacy practices for rotating and dispensing the Consigned Inventory on a first expired, first out basis and shall at all times comply with the Consignment Inventory Par Level.

  • Par Level Review: From time to time, a product usage review will be conducted to review Consignee’s actual usage and purchase volumes in comparison with the established par levels for all consigned inventory items per this Agreement.


More Definitions of Par Level

Par Level has the meaning set forth in Section 6.3.1.
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Related to Par Level

  • Barrier Level means the Barrier Level as specified in § 1 of the Product and Underlying Data.

  • Floor Level means that stage of construction which in the completed building would constitute the walking surface of the particular floor level referred to in the table of payments.

  • Trigger Level means with respect to an Index, the level specified as such in Annex 1 with respect to such Index

  • Working level (WL) means any combination of short-lived radon daughters in 1 liter of air that will result in the ultimate emission of 1.3E+5 MeV of potential alpha particle energy. The short-lived radon daughters are—for radon-222: polonium-218, lead-214, bismuth-214, and polonium-214; and for radon-220: polonium-216, lead-212, bismuth-212, and polonium-212.

  • RBC level means an insurer's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC where: