Deletion of Existing NPS Items Sample Clauses

The 'Deletion of Existing NPS Items' clause establishes the right or obligation to remove certain Non-Productive Stock (NPS) items from an inventory or system. In practice, this clause typically outlines the process for identifying which NPS items are subject to deletion, the criteria for their removal, and the responsibilities of each party involved in executing the deletion. Its core function is to ensure that outdated, redundant, or unnecessary NPS items are systematically cleared, thereby maintaining an efficient and accurate inventory or database.
Deletion of Existing NPS Items. The HA may delete any items from the Standing Quotations either (i) with no purchase record or very low consumption under this Agreement in the past 12 months or (ii) whenever bulk Contracts are established by the HA.
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Deletion of Existing NPS Items. The Authority may at any time during the Validity Period, delete any items from any Standing Quotation either because (a) there has been no purchase record with the Buyer in the past 12 months; (b) bulk contracts has been established for such item; or (c) in the Authority’s opinion, the items should no longer remain on the Standing Quotation. The Authority will inform the Seller of the items to be deleted and the effective date of such deletion.
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Related to Deletion of Existing NPS Items

  • Termination of Existing Agreements Any previous employment agreement between Executive on the one hand and Employer or any of Employer’s Affiliates (as hereinafter defined) on the other hand is hereby terminated.

  • Termination of Existing Credit Agreement Receipt by the Administrative Agent of evidence that the Existing Credit Agreement concurrently with the Closing Date is being terminated and all Liens securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being released.

  • Ratification of Existing Agreements All existing Dual Enrollment agreements between the TRUSTEES and the Private School are hereby modified to conform to the terms of this agreement and the appendices of this document.

  • DESCRIPTION OF EXISTING INDEBTEDNESS Among other indebtedness which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, a Second Amended and Restated Loan and Security Agreement, dated March 5, 1999, as may be amended from time to time, (the "Loan Agreement"). The Loan Agreement provided for, among other things, a Revolving Commitment in the original principal amount of Ten Million Dollars ($10,000,000). Defined terms used but not otherwise defined herein shall have the same meanings as in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the "Indebtedness."

  • Termination of Existing Tax Sharing Agreements Any and all existing Tax sharing agreements (whether written or not) binding upon the Target Company or any of its Subsidiaries shall be terminated as of the Closing Date. After such date neither the Target Company nor any of its Subsidiaries or Representatives shall have any further rights or liabilities thereunder.