WIP Inventory Clause Samples
WIP Inventory. All WIP Inventory reflected on the balance sheet included in the FY2024 FS consists of a quality and quantity usable and saleable in the ordinary course, except for slow-moving, damaged, defective, expired, or obsolete items (all of which have been written down to net realizable value or for which adequate reserves have been provided and all intercompany profit or other mark-up has been eliminated) and lots on hold. All WIP Inventory purchased since September 30, 2024 consists of a quality and quantity usable and saleable in the ordinary course. All WIP Inventory is located at, or is in transit to or from, (i) the Real Property or (ii) the real properties located at the physical addresses of ▇▇▇▇ ▇ ▇▇▇▇ ▇ ▇, ▇▇▇▇, ▇▇▇▇▇ or ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇. No WIP Inventory is held on a consignment basis.
WIP Inventory. (i) For corn included in WIP – DCS readings (through level transmitter) shall be provided along with support lab data to determine percentage of the corn in WIP.
(ii) For any slurry, liquefaction and beerwell tanks, the Inventory Committee shall obtain DCS % full and capacity (including source for stated capacity)
(iii) For each fermenter tank, the Inventory Committee shall obtain DCS % full and capacity (including source for stated capacity), tank status of in process, filling or dropping, along with liquid solid %, fill level and drop level.
WIP Inventory. Buyer shall conduct a physical count of the Inventory as of the Closing Date and Seller may have its representatives present during such physical count of the Inventory. The inventory quantities shall be converted into equivalent quantities of corn using historical practices and shall be valued at the current market value of No. 2 Yellow Corn deemed to be the closing Chicago Board of Trade (CBT) nearby futures value as of the date of closing plus an amount per bushel to reflect the local market basis value agreed upon by both parties. For purposes of the preliminary inventory working capital calculation, Exhibit B reflects the agreed upon basis. In addition, if during the physical count either party detects any quality issues, samples of the product will be sent to a third party inspection agency at Buyer’s expense to determine the extent of the quality issues and inventory values will be adjusted accordingly as agreed upon by both parties.
WIP Inventory. All inventories of work-in-process of the Company on November 18, 1998 to be used for fulfilling the Assumed Contracts, as hereinafter defined, existing on the Effective Date, together with related packaging materials and supplies (collectively the "WIP Inventory"). A Schedule of WIP Inventory at the date hereof has been furnished to the Buyer.
WIP Inventory. All components (after removal from stores inventory, if applicable) and work in process that have entered the manufacturing process on behalf of Cisco and that have not yet been received in Cisco’s Oracle database subinventory location.
WIP Inventory. The Buyer and the Company have conducted a physical inventory of the WIP Inventory as of the Effective Date and have listed all of the WIP Inventory on a written list, a copy of which is attached as EXHIBIT C (the "WIP Inventory"). The purchase price for the WIP Inventory is Thirty-Two Thousand One Hundred Seventy Dollars and Eighteen Cents ($32,170.18), payable on or before March 31, 1999.