Primary Inventory definition
Examples of Primary Inventory in a sentence
Tenant specifically acknowledges and agrees that it shall be and remain responsible for any Hazardous Materials existing at the Demised Premises as of the date hereof, as more particularly described in that certain Phase I Environmental Site Assessment prepared by ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇, Inc., dated September 7, 2011, and in that certain Stormwater Drywell Investigation and Sampling Report prepared by ▇▇▇▇▇▇ Technical Services, Inc., dated October 21, 2011.
These transactions are mechanically formatted to allow automatic update to the Government Primary Inventory Control Activity (PICA) that is directly responsible for maintaining adequate stocking levels of contracted items.
If GWI determines that Supplier is unlikely ------------------ to be able to schedule production as indicated in Section 4.3(b) above, then GWI shall advise Supplier of the priority of production within the Primary Facility for GWI's Binding Primary Commitments, Binding Secondary/Steriles Commitments, POs for Clinical Materials or for Primary Inventory and Replenishment Products.
GWI shall deliver to Supplier purchase orders --------------- ("POs") for that portion of the Binding Primary Commitment to be shipped to other sites and for quantities to be shipped from Primary Inventory.
With respect to each Binding Primary Commitment, GWI shall specify what volumes are to be purchased pursuant to POs delivered during the period covered thereby (the "Specified Volumes") and what volumes are to be transferred into Primary Inventory.
Supplier's responsibilities under this Section 3.2(c) shall include, without limitation, the responsibility for obtaining quantities of the Primary Products from Primary Inventory and other Materials and for shipping adequate finished goods inventory of the Replenishment Products as provided in the Replenishment Guidelines and the inventory planning parameters described therein.
Subject to Section 4.3 below, Supplier shall be ---------- responsible to schedule production of Products throughout the Facility in a manner that enables it to ship Products and transfer Primary Products to Primary Inventory as directed by GWI and subject to the other terms of this Agreement.
The Primary Inventory Value and Secondary Inventory Value are collectively referred to as the "INVENTORY VALUES".
The requirements of this program include, but are not limited to: complying with Defense Logistics Information System procedures; collaborating, when requested, on proposed data changes with other registered federal users of an item of supply; registering, via GSA, of GSFC as Primary Inventory Control Activity or Secondary Inventory Control Activity; and forwarding those items which meet demand criteria specified by NASA or ILMD for registration in the Federal Cataloging System, and assignment of NSNs.
Supplier shall, from time to time upon GWI's reasonable request, execute such documents as are necessary to evidence GWI's ownership of Specified Volumes purchased by GWI and held by Supplier in Primary Inventory and to prevent such Specified Volumes from becoming subject to Liens of Supplier's lenders.