Inventory Check Sample Clauses

The Inventory Check clause establishes the requirement for verifying the quantity and condition of goods or materials at a specified time, typically before or after delivery. In practice, this clause may outline procedures for conducting physical inspections, documenting discrepancies, and resolving any issues found during the check. Its core function is to ensure both parties agree on the actual inventory present, thereby preventing disputes over shortages, damages, or misdeliveries.
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Inventory Check. At the end of the Tenancy there will be an inventory check to which the Tenant will be invited to attend. If neither the Tenant nor his representative attends the inventory check without a reasonable excuse, the Landlord or his Agent may assess in the absence of the Tenant any sums due for damage to the Property or Contents.
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Inventory Check. An inventory check will be made after each use. If any item is found damaged or missing the cost of replacement of this/these item/s will be charged to the Hirer. It is the responsibility of regular users to report to St Mark’s Church any breakages or losses and a mutually agreeable charge will be made for replacement. In accordance with local bylaws the maximum number of persons to use the Community Hall at any time is 150. Smoking is NOT permitted. Hirers are reminded that they are responsible for any accident or injury arising out of the activity, for which they have booked the premises. It is the responsibility of the Hirer to ensure that the premises are safe for the purposes for which they intend to use them. In the event of an incident/accident occurring, then the following procedure must be followed. The following information should be recorded: Name, address and telephone number of the person(s) injured. Exact time and place of the occurrence. Detailed description of the accident or incident, including a description of any apparatus or equipment involved. Name, address and telephone number of any witness(es) to the accident or incident. Signed witness statement(s) should be obtained if possible. A book is provided for this purpose. The Hirer must notify St Mark’s Church as soon as possible after the accident/incident, but in any event within 24 hours. Any apparatus or equipment involved must be retained for inspection. The hirer must pay for the entire time booked. No refund to be given if event finishes early.
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Inventory Check. During the first 14 days of the actual occupation of the housing unit, an extensive description of the condition of the accommodation must be drawn up, with both parties present and at shared expense. The same must be done at the end of the tenancy. When no such description of the condition of the accommodation could be drawn up as a result of an action by, or of negligence of the tenant, it is assumed that the accommodation was in good condition when the tenant took up residency there. This description will also provide the individual meters for the rented property (both the number of the meter as the meter reading).
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Inventory Check. An inventory check will be made after each use. If any item is found damaged or missing the cost of replacement of this/these item/s will be charged to the Hirer. It is the responsibility of regular users to report to St Mark’s Church any breakages or losses and a mutually agreeable charge will be made for replacement.
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Inventory Check. An inventory of furnishings and equipment will be distributed upon check-in. The inventory check will be done with the Guest(s) upon arrival during check-in. The corresponding check will be done upon the Guest(s) departure during check-out. If no damage attributed to the Guest(s) responsibility is being noticed after the Guest(s) departure date, the Security Deposit shall be returned to the Guest(s) by the Homeowner as soon as the “check out” has been completed. Guest(s) shall pay for any damage done to the premises or its furnishings over and above normal wear and tear. Cleaning fees of 50€ (fifty euros) shall be subject to a deduction from the Security Deposit if the cleaning has not been done properly. The estimated repair costs shall be deducted from the Security Deposit and the difference returned to the Guest(s), except if the total costs incurred to the Homeowner to repair damages exceed the Security Deposit amount, then it shall be necessarily completed by the Guest(s).
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Inventory Check. Within two (2) days prior to the scheduled Closing Date, Buyer shall inspect Kecy’s Inventory. If, in the mutual agreement of the Buyer and Kecy, any Inventory is determined to be missing or is deemed to be obsolete, the Purchase Price shall be reduced by an amount to be mutually agreed upon by Buyer and Kecy. Any reduction in the Purchase Price under this Section 2.07(d) shall be charged directly against such amounts allocated to Inventory in the Allocation Schedule.
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Related to Inventory Check

  • Accounts Receivable; Inventory (a) For each Account with respect to which Advances are requested, on the date each Advance is requested and made, such Account shall be an Eligible Account. (b) All statements made and all unpaid balances appearing in all invoices, instruments and other documents evidencing the Eligible Accounts are and shall be true and correct and all such invoices, instruments and other documents, and all of Borrower’s Books are genuine and in all respects what they purport to be. All sales and other transactions underlying or giving rise to each Eligible Account shall comply in all material respects with all applicable laws and governmental rules and regulations. Borrower has no knowledge of any actual or imminent Insolvency Proceeding of any Account Debtor whose accounts are Eligible Accounts in any Transaction Report. To the best of Borrower’s knowledge, all signatures and endorsements on all documents, instruments, and agreements relating to all Eligible Accounts are genuine, and all such documents, instruments and agreements are legally enforceable in accordance with their terms. (c) For any item of Inventory consisting of Eligible Inventory in any Transaction Report, such Inventory (i) consists of finished goods, in good, new, and salable condition, which is not perishable, returned (except to the extent of any refurbished Inventory in salable condition), consigned, obsolete, not sellable, damaged, or defective, and is not comprised of demonstrative or custom inventory, works in progress, packaging or shipping materials, or supplies; (ii) meets all applicable governmental standards; (iii) has been manufactured in compliance with the Fair Labor Standards Act; (iv) is not subject to any Liens, except the first priority Liens granted or in favor of Bank under this Agreement or any of the other Loan Documents and the Liens permitted under clause (j) of the definition of Permitted Liens; and (v) is located at the locations identified by Borrower in the Perfection Certificate where it maintains Inventory (or at any location permitted under Section 7.2).

  • Eligible Inventory For purposes of this Agreement, Eligible Inventory shall exclude any Inventory to which any of the exclusionary criteria set forth below applies. The Administrative Agent shall have the right to establish, modify or eliminate Reserves against Eligible Inventory from time to time in its reasonable credit judgment. In addition, the Administrative Agent reserves the right, at any time and from time to time after the Original Closing Date, to adjust any of the criteria set forth below, to establish new criteria and to adjust the applicable advance rate with respect to Eligible Inventory, in its reasonable credit judgment, subject to the approval of the Supermajority Lenders in the case of adjustments, new criteria, changes in the applicable advance rate or the elimination of Reserves which have the effect of making more credit available. Eligible Inventory shall not include any Inventory of Borrower or any Borrowing Base Guarantor that: (i) the Collateral Agent, on behalf of Secured Parties, does not have a first priority and exclusive perfected Lien on such Inventory; (ii) is not located on premises in United States or Canada; (iii) (A) is located on premises leased by Borrower or a Borrowing Base Guarantor, unless (x) at such location the aggregate value of Inventory exceeds $250,000, and (y) either (1) a reasonably satisfactory Landlord Lien Waiver and Access Agreement has been delivered to the Collateral Agent, or (2) Reserves reasonably satisfactory to the Administrative Agent have been established with respect thereto or (B) is stored with a bailee or warehouseman where the aggregate value of Inventory exceeds $250,000 unless either (x) a reasonably satisfactory, acknowledged bailee waiver letter has been received by the Collateral Agent or (y) Reserves reasonably satisfactory to the Administrative Agent have been established with respect thereto, or (C) is located at an owned location subject to a mortgage in favor of a lender other than the Collateral Agent where the aggregate value of Inventory exceeds $250,000 unless either (x) a reasonably satisfactory mortgagee waiver has been delivered to the Collateral Agent or (y) Reserves reasonably satisfactory to the Administrative Agent have been established with respect thereto; (iv) is placed on consignment (other than Eligible Consigned Inventory); (v) is covered by a negotiable document of title, unless such document has been delivered to the Collateral Agent with all necessary endorsements, free and clear of all Liens except those in favor of the Collateral Agent and the Lenders and landlords, carriers, bailees and warehousemen if clause (iii) above has been complied with; (vi) is to be returned to suppliers; (vii) is obsolete, unsalable, shopworn, seconds, damaged or unfit for sale; (viii) is slow moving (in excess of 1-year supply); (ix) consists of display items, samples or packing or shipping materials, manufacturing supplies or replacement parts (it being understood that Eligible Inventory shall not exclude work-in-process Inventory if it is not excluded in accordance with other criteria set forth herein, unless otherwise determined by the Administrative Agent in its reasonable credit judgment); (x) is not of a type held for sale in the ordinary course of Borrower’s or any Borrowing Base Guarantor’s, as applicable, business; (xi) breaches any of the representations or warranties pertaining to Inventory set forth in the Loan Documents; (xii) consists of Hazardous Material or goods that can be transported or sold only with licenses that are not readily available; (xiii) is not covered by casualty insurance maintained as required by Section 5.04; (xiv) consists of custom made Inventory which is not saleable to any other customer or in ordinary course; (xv) is in transit; or (xvi) is subject to any licensing arrangement the effect of which would be to limit the ability of Collateral Agent, or any Person selling the Inventory on behalf of Collateral Agent, to sell such Inventory in enforcement of the Collateral Agent’s Liens, without further consent or payment to the licensor or other.

  • Location of Inventory and Equipment The Inventory and Equipment are not stored with a bailee, warehouseman, or similar party (without Foothill's prior written consent) and are located only at the locations identified on Schedule 6.12 or otherwise permitted by Section 6.12.

  • Inventory and Equipment On the date hereof, the Inventory and the Equipment (other than mobile goods) are kept at the locations listed on Schedule 5.

  • Inventory Reports Within 15 days after the close of each fiscal month of Customer, a copy of the Inventory Report (as and to the extent applicable, breaking out Inventory by location, and separately reporting any work in process) of Customer as of the end of such fiscal month;