Minimum Inventory Levels Sample Clauses

The Minimum Inventory Levels clause requires a party, typically a supplier or distributor, to maintain a specified minimum quantity of goods or materials in stock at all times. This clause sets a baseline inventory threshold, ensuring that there is always enough product available to meet anticipated demand or contractual obligations. For example, a supplier may be required to keep at least 500 units of a product in their warehouse to prevent stockouts. The core function of this clause is to ensure continuity of supply and avoid disruptions caused by insufficient inventory, thereby protecting the interests of the purchasing party.
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Minimum Inventory Levels. Except as shown on Schedule 8.5 attached hereto, the Inventory of each Active Product shall equal or exceed a two-month supply based upon Seller’s average monthly sales of such Active Products for the last three calendar years.
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Minimum Inventory Levels. As of the Closing Date, there will be on hand the minimum inventory levels as listed and described on Schedule 2.1(f)-2 and smallwares of sufficient quality and quantity to operate Seller’s Business in a usual and customary manner.
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Minimum Inventory Levels. Continuously throughout the Term, unless otherwise indicated by Eargo, Supplier agrees to and will maintain a minimum [***] inventory quantity (i.e., calculated and based upon Eargo’s most recent Forecast) of the Products that are readily available for shipment (“Minimum Inventory”). All Products manufactured and/or Components procured by Supplier to meet a then-current Minimum Inventory quantity will be considered “Inventory” under this Agreement. Supplier understands and agrees, however, that in no event will Eargo be responsible for any costs associated with Supplier’s compliance with the Minimum Inventory requirement or for the insurance, storage or other costs associated with any Inventory. When Supplier is creating Inventory levels to satisfy the required Minimum Inventory, any reduction in quantity of Products that were ordered pursuant to a Purchase Order, or any quantity of Products ordered pursuant to a Purchase Order that is later cancelled by Eargo, will be [***]. Supplier will monitor and report its Inventory to Eargo on a [***] basis or at other time intervals as mutually agreed upon in writing by both parties. Supplier will maintain insurance on all Inventory and will ensure that the Inventory is kept in a secure location. Eargo will have the right to inspect any and all locations where Inventory is stored, upon request.
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Minimum Inventory Levels. At no time shall the Borrowers suffer or permit the Cost value of Eligible Inventory to be less than $60,000,000.00.
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Related to Minimum Inventory Levels

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

  • Coverage Minimum Limits Commercial General Liability $1,000,000 per occurrence $2,000,000 aggregate Automobile Liability including coverage for owned, non-owned and hired vehicles $1,000,000 per occurrence

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • Minimum Net Worth Consolidated Net Worth will at no time be less than an amount equal to the sum of (a) $1,236,000,000 plus (b) 50% of Consolidated Net Income for each fiscal quarter of the Borrower ending after December 30, 1998 and at or prior to such time (but only if such Consolidated Net Income for such fiscal quarter is a positive amount).

  • Minimum Balance Requirements To be a member and maintain Accounts with Us You must purchase 1 share in the Credit Union. The par value of a share in this Credit Union is $5.00. If the balance in Your primary share Account drops below 1 share ($5.00), at any time, We may, at Our option, close Your Account. Nonsufficient Funds Returns. Any share draft or pre-authorized transfer, or transaction made through the use of a debit card, or other electronic means, as is applicable (including any in-person transaction), that is presented to Us for payment on Your Account when Your Account lacks sufficient collected funds to pay any such item may, at Our option, be returned for nonsufficient funds or We may honor any such item and charge You a fee for doing so. Overdraft Balance Calculation. When processing transactions that debit or credit Your Account, We start each Business Day with Your final Account balance from the preceding Business Day. The final balance takes into account all of the debit and credit transactions that were settled that Business Day pursuant to Our Funds Availability Policy, as well as any other debits or credits to Your Account that were finally settled that day, as described above in the "Deposit of Items" and "Collection and Processing of Items" sections of the Account Agreement. This starting balance at the beginning of a Business Day (the preceding Business Day's final balance) is sometimes referred to as Your "actual balance."