Common use of WIP Inventory Clause in Contracts

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.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Green Plains Inc.), Asset Purchase Agreement (Green Plains Inc.)