Physical Inventory. The Contractor shall periodically perform, record, and disclose physical inventory results. A final physical inventory shall be performed upon contract completion or termination. The Property Administrator may waive this final inventory requirement, depending on the circumstances (e.g., overall reliability of the Contractor’s system or the property is to be transferred to a follow-on contract).
Physical Inventory. The Contractor shall periodically perform, record, and disclose physical Inventory results. A final physical Inventory shall be performed upon Contract completion or termination. The City Manager may waive this final Inventory requirement, depending on the circumstances (e.g., overall reliability of the Contractor’s system or the Property is to be transferred to a follow-on contract).
Physical Inventory. Borrower shall conduct a physical count of the Inventory at such intervals as FINOVA requests and promptly supply FINOVA with a copy of such accounts accompanied by a report of the value (calculated at the lower of cost or market value on a first in, first out basis) of the Inventory and such additional information with respect to the Inventory as FINOVA may request from time to time.
Physical Inventory. The Contractor must conduct a physical inventory of property and reconcile the results with the property inventory records at least once every two years. This process must include verifying the existence, condition, and location of the property.
Physical Inventory. Unless otherwise noted, all references in this SECTION 2.5 to "aggregate dollar amount" mean the aggregate dollar amount based upon 100% of the Warehouse Distributor Cost. Employees or representatives of Seller and Purchaser will jointly conduct a physical inventory count of, or other testing procedures for, the inventory at Purchased Locations, or mutually agree that Seller's inventory at a Purchased Location is accurate, in accordance with physical inventory procedures generally used in the industry, which physical inventory shall take place during the period prior to the Closing Date mutually agreed to by Purchaser and Seller (the "PHYSICAL INVENTORY PERIOD"). During the Physical Inventory Period, (i) Purchaser shall identify to Seller those items of inventory which Purchaser believes do not meet the criteria of Eligible Inventory, which designation shall be subject to Seller's confirmation, and (ii) Seller, with the assistance of Purchaser, shall prepare a written, itemized list of all inventory at Purchased Locations (the "FINAL INVENTORY SCHEDULE"), which Final Inventory Schedule shall designate items of inventory as Eligible Inventory, Additional Inventory, or Beck Arnley/Hy-Test Inventory and identify items of inventory which axx xot listed on PIMS, and which shall be completed not later than the Effective Date. The Final Inventory Schedule shall be adjusted as of the Effective Date by Seller with the assistance of Purchaser to reflect changes in inventory that occur during the period commencing immediately after the end of the Physical Inventory Period and ending on the Effective Date. Purchaser and Seller shall share equally all actual out-of-pocket expenses associated with the physical inventories taken and the preparation of schedules pursuant to this SECTION 2.5.
Physical Inventory. A physical inventory of the property shall be taken and the results reconciled with the property records at least once every two years, or prior to termination of the Agreement, as applicable.
Physical Inventory. The Subrecipient shall cooperate with the State when it is performing a physical inventory of the property at least once every two (2) years and reconciling the inventory with property records described in the preceding paragraph annually.
Physical Inventory. Upon Talecris’ reasonable request, but no less than once per year, CHR shall take and report a physical inventory of the Talecris Consigned Inventory. Such request shall be honored in a timely fashion. Talecris will reimburse CHR for its reasonable out-of-pocket costs incurred to take such physical inventory. Talecris may, in its sole discretion and at its sole cost, elect to either observe the physical inventory being conducted or be represented by a third-party accounting firm.
Physical Inventory. A. A physical accounting of the Inventory shall be taken commencing as of Seller's close of business on the Closing Date. Such physical inventory shall be taken cooperatively by representatives of Seller and Purchaser and a written itemized listing setting forth specifically all such items physically counted shall be prepared by Seller, which written inventory shall be priced and extended using the valuation method described in Section 2.A. hereof. Employees or independent contractors of Seller participating in the physical inventory shall be compensated solely by Seller, and employees or independent contractors of Purchaser participating in the physical inventory shall be compensated solely by Purchaser.
Physical Inventory. On the night immediately preceding the Effective Time, a representative of Seller and, if requested by Purchaser, a representative of Purchaser shall (a) complete a physical inventory of (i) all food, paper inventory, kids’ meal premium and cleaning supplies located at the Existing Restaurants that are salable or usable in the ordinary course of business (the “Inventory”) and complete and sign Seller’s standard inventory form and (ii) the Repair and Maintenance Inventory and (b) count the cash to be left in the cash bank at each Existing Restaurant. The value of the Inventory and Repair and Maintenance Inventory shall be based upon Seller’s actual cost of such Inventory and Repair and Maintenance Inventory, and the value of the cash shall be valued at the face amount thereof. For purposes of the Closing, the Inventory, the Repair and Maintenance Inventory and Special Items will be assumed to have a value equal to the amount specified in Section 2.05(a)(iv), Section 2.05(a)(v) and Section 2.05(a)(vi), respectively, which estimated values shall be subject to adjustment following the Closing in accordance with Section 3.03(b).
