Inventory Controls Sample Clauses

The Inventory Controls clause establishes rules and procedures for managing, tracking, and safeguarding inventory within a business or contractual relationship. It typically outlines requirements for accurate record-keeping, periodic inventory counts, and measures to prevent loss, theft, or unauthorized use of goods. By setting clear standards for inventory management, this clause helps ensure accountability, reduces the risk of discrepancies, and protects the interests of all parties involved.
Inventory Controls. Upon the occurrence and during the continuation of any Event of Default, the Collateral Agent or its agents may secure all entrances to those parts of the premises of the Debtor in which any Inventory is stored and keep such entrances locked or otherwise sealed or institute such other control measures with respect to the movement of Inventory as the Collateral Agent may deem necessary or prudent, subject to the rights of third parties under the Leases.
View SourceView Similar (7)
Inventory Controls. Borrower shall, or shall cause its Affiliates, to maintain a “One-to-One Owner Beneficiary to Accommodation Ratio” (as defined in the Club Trust Agreement) at all times.
View SourceView Similar (4)
Inventory Controls. (WBS 17.3 SOW) a) Monitor and maintain an inventory control program of all City owned furniture, fixtures and equipment through a computerized maintenance management system (CMMS). b) Perform routine inventory checks to ensure accuracy and accountability of all City owned property. c) Account for all high cost City owned property by utilizing a bar code property tag and documenting within the CMMS.
View SourceView Similar (2)
Inventory Controls. Preparation and Portion Controls
View Source
Inventory Controls. Unless otherwise directed by ViewRay, Distributor shall maintain a first in, first out (“FIFO”) and other inventory control systems to ensure that nonconforming Components or prior Product versions or down-version Product are not inadvertently shipped.
View Source
Inventory Controls. This section should take a look at the customers’ ability to effectively manage the inventory levels and turnovers, particularly for merchandise type inventories. This section should address the repayment history of the seasonal and term loans. With seasonal loans, the key question is whether seasonal loan use matches the customer’s working capital financing of permanent current assets. This section primarily provides a summary of the key ratios and loan underwriting measures used to summarize risk exposure. This section should identify the total dollars planned in capital expenditures for the coming year. Major expenditures can be highlighted in the following table. Typically, management’s fixed asset budget is attached to the credit report.
View Source
Inventory Controls. Each Unit Schedule may provide that Customer may hold a certain number of new Units in Customer’s stock for deployment, subject to a maximum inventory cap (the “Inventory Cap”) as set forth in the most recent Unit Schedule. Customer may exceed the Inventory Cap for a period of no longer than sixty (60) days during one calendar year in any two-year period. In the event the Inventory Cap is exceeded for more than sixty (60) days during such calendar year, Customer shall immediately return the new Units in excess of the Inventory Cap. In the event that the Inventory Cap is exceeded after the expiration of the 60-day period, Customer will be charged % of the monthly Unit Charges for each Unit in excess of cap as set forth on the applicable Unit Schedule. In the event that Inventory Cap shall be exceeded for more than sixty (60) days, DOSE reserves that right to recall Units in excess of the Inventory Cap and to reduce the number of Units it ships to Customer, in DOSE’s sole discretion.
View Source

Related to Inventory Controls

  • Access Controls a. Authorized Access - DST shall have controls that are designed to maintain the logical separation such that access to systems hosting Fund Data and/or being used to provide services to Fund will uniquely identify each individual requiring access, grant access only to authorized personnel based on the principle of least privileges, and prevent unauthorized access to Fund Data. b. User Access - DST shall have a process to promptly disable access to Fund Data by any DST personnel who no longer requires such access. DST will also promptly remove access of Fund personnel upon receipt of notification from Fund.

  • Personnel Controls The County agrees to advise Contractor Staff, who have access to PII, of the confidentiality of the information, the safeguards required to protect the information, and the civil and criminal sanctions for non-compliance contained in applicable federal and state laws. For that purpose, the Contractor shall implement the following personnel controls:

  • Audit Controls a. System Security Review. CONTRACTOR must ensure audit control mechanisms that record and examine system activity are in place. All systems processing and/or storing PHI COUNTY discloses to CONTRACTOR or CONTRACTOR creates, receives, maintains, or transmits on behalf of COUNTY must have at least an annual system risk assessment/security review which provides assurance that administrative, physical, and technical controls are functioning effectively and providing adequate levels of protection. Reviews should include vulnerability scanning tools.

  • Agreement Controls The terms and conditions of this Master Agreement control over the terms and conditions contained in an Approved Service Order – even if the Approved Service Order expressly states that it is intended to control. Any conflicting terms and conditions in an Approved Service Order are invalid and unenforceable.

  • Foreign Assets/Account Reporting Information Italian residents who, during the fiscal year, hold investments abroad or foreign financial assets (e.g., cash, Shares and RSUs) which may generate income taxable in Italy are required to report such on their annual tax returns (UNICO Form, RW Schedule) or on a special form if no tax return is due. The same reporting obligations apply to Italian residents who, even if they do not directly hold investments abroad or foreign financial assets (e.g., cash, Shares and RSUs), are beneficial owners of the investment pursuant to Italian money laundering provisions.