Common use of Reconciliation and Adjustment of Inventories Clause in Contracts

Reconciliation and Adjustment of Inventories. Reconciliation of inventory with the Operating Account shall be made and a list of overages and shortages shall be furnished to ROC. Inventory adjustments shall be made by Contractor and Operator to the Operating Account if required; provided, however, that any inventory adjustment exceeding a value of one thousand Dollars (US$1,000) shall be reported to ROC.

Appears in 6 contracts

Samples: Sales Agreement, Sales Agreement, Sales Agreement

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Reconciliation and Adjustment of Inventories. Reconciliation of inventory with the Operating Account shall be made and a list of overages and shortages shall be furnished to ROC. Inventory adjustments shall be made by Contractor and Operator to the Operating Account if required; provided, however, that any inventory adjustment exceeding a value of one ten thousand Dollars (US$1,00010,000) shall be reported to ROC.

Appears in 2 contracts

Samples: Development and Production Service Contract, Development and Production Service Contract

Reconciliation and Adjustment of Inventories. Reconciliation of inventory with the Operating Account shall be made and a list of overages and shortages shall be furnished to ROC. Inventory adjustments shall be made by Contractor and Operator to the Operating Account if required; provided, however, that any inventory adjustment exceeding a value of one ten thousand Dollars (US$1,000US$ 10,000) shall be reported to ROC.

Appears in 1 contract

Samples: Sales Agreement

Reconciliation and Adjustment of Inventories. Reconciliation of inventory with the Operating Account shall be made and a list of overages and shortages shall be furnished to ROC. Inventory adjustments shall be made by Contractor and Operator to the Operating Account if required; provided, however, that any inventory adjustment exceeding a value of one ten thousand Dollars USD (US$1,00010,000) shall be reported to ROC.. (End of Article 5)

Appears in 1 contract

Samples: Technical Service Contract for Field

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Reconciliation and Adjustment of Inventories. Reconciliation of inventory with the Operating Account shall be made and a list of overages and shortages shall be furnished to ROC. Inventory adjustments shall be made by Contractor and Operator to the Operating Account if required; provided, however, that any inventory adjustment exceeding a value of one ten thousand Dollars (US$1,00010,000) shall be reported to ROC.. (End of Article 5)

Appears in 1 contract

Samples: Technical Service Contract

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