Inventory in Transit Sample Clauses

Inventory in Transit. Within 10 Business Days following the end of each month, to the extent not listed on any other report required hereby, a schedule of each item of Inventory purchased by Reseller but not yet invoiced which is in transit or for which Reseller otherwise has received an electronic confirmation of shipment.
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Inventory in Transit. All inventory of equipment and materials in transit as of the Closing Date from Seller's suppliers or in transit from Seller's suppliers directly to (or as ordered by) Seller's customers, including, without limitation, the equipment and materials that are listed on Schedule 2.1(a) hereto (the "Inventory in Transit");
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Inventory in Transit. With respect to Inventory for a particular Operating PSC which is not received at such Operating PSC on or prior to the Initial Closing Date ("Inventory In Transit"), Purchaser agrees to accept such Inventory In Transit. Purchaser shall reimburse Seller for any prepaid amounts in respect of such Inventory In Transit that is received at any Operating PSC. With respect to any remaining amounts owed to any vendor relating to any Inventory In Transit, Purchaser shall negotiate with such vendor for the direct payment by Purchaser to such vendor of such remaining amounts. To the extent that Sellers retain any Liability in respect of the Inventory In Transit, Purchaser shall reimburse Sellers for the net landed cost of such .Inventory In Transit. The payment obligations of Purchaser described in this paragraph shall be on an order-by-order basis on or prior to the due date for payment specified in the vendor's invoice.
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Inventory in Transit. Any inventory of equipment and materials -------------------- in transit as of the Closing Date from the Telecom Division's suppliers or in transit from the Telecom Division's suppliers directly to (or as ordered by) the Telecom Division's customers (to the extent that any such items in transit exist, the parties shall use their reasonable efforts to effect the commercially reasonable disposition of same on terms and conditions that are mutually acceptable to the parties);
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Inventory in Transit. Inventory not ordered in the Ordinary Course of Business, delivery of which is not received on or prior to the Closing Date, shall remain the property of the Seller and shall not be deemed part of the Inventory transferred hereunder.
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Inventory in Transit. The Borrower may include as Eligible Inventory, Inventory which is in transit or in Borrower's possession not more than 30 days prior to its receipt at Borrower's principal place of business or other place of business approved by the Bank so long as, at all times during which such Inventory is claimed by Borrower to be Eligible Inventory, Borrower evidences to the Bank's satisfaction that (i) such Inventory is subject to a perfected, first priority security interest in such Inventory in favor of the Bank, (ii) such Inventory is covered by the insurance required by Section 4.6, above, and (iii) Borrower has delivered to the Bank copies or originals of such bills of lading, warehouse receipts, documents of title and the like as the Bank may require.
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Inventory in Transit. Inventory which has been ordered by Seller prior to Closing but arrives after the Closing will be accepted and paid for by Buyer as described on a list to be delivered to Buyer at Closing; provided, however, that Seller shall use its reasonable best efforts to cancel any outstanding orders for inventory for the Business.
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Inventory in Transit. In order for any Inventory of the Company or a Restricted Subsidiary constituting inventory in transit to the Company or a Restricted Subsidiary to constitute Eligible Inventory, the Company or such Restricted Subsidiary shall (i) prior to each shipment from a supplier, provide the Administrative Agent with a description of such Inventory, the place of shipment, the place of origin of the shipment, the name, address and telephone number of the shipper, the destination of such Inventory and such other information as the Administrative Agent shall request, (ii) endorse and deliver to the Administrative Agent the originals of any negotiable bill of lading or other shippinx xxcument or document of title concerning the shipment of such Inventory, and (iii) execute and deliver to Administrative Agent such UCC financing statements and other documents as the Administrative Agent may require to enable the Administrative Agent to perfect or maintain the perfection of the Administrative Agent's Lien on such Inventory.
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Related to Inventory in Transit

  • Inventory To the extent Inventory held for sale or lease has been produced by any Borrower, it has been and will be produced by such Borrower in accordance with the Federal Fair Labor Standards Act of 1938, as amended, and all rules, regulations and orders thereunder.

  • 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 and Supplies Administrator shall order, purchase and provide to the Group on a timely basis inventory and supplies, and such other ordinary, necessary or appropriate materials which are requested by the Group and which the Group shall reasonably determine to be necessary in the operation of the Practice on the same terms commercially available to Administrator. Such inventory, supplies and other materials shall be included in Practice Expenses at their cost to Parent or Administrator, as the case may be.

  • Inventory Records Each Loan Party keeps correct and accurate records itemizing and describing the type, quality, and quantity of its and its Subsidiaries’ Inventory and the book value thereof.

  • 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. Whether or not an Event of Default has occurred and is continuing, Bank may notify any Account Debtor owing Borrower money of Bank’s security interest in such funds and verify the amount of such Eligible Account. 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, 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 (v) is located at the locations identified by Borrower in the Perfection Certificate where it maintains Inventory (or any location permitted under Section 7.2).

  • Transit For any call originated by an end user served by a Carrier that routes through Qwest’s network and which terminates to a QLSP End User, Qwest retains its rights to xxxx the originating Carrier Transit charges for that call under the originating Carrier’s Agreement.

  • 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 Management The Subrecipient must submit an annual statement identifying the status of all equipment and non-real property items purchased with ESG funds by the contract termination date. The status report should inventory all equipment and non-real properties purchased with ESG funds and state the condition of the equipment and its location.

  • SIGNIFICANT LANDS INVENTORY FINDING Find that this activity is consistent with the use classification designated by the Commission for the land pursuant to Public Resources Code section 6370 et seq.

  • Location of Equipment and Inventory All Equipment and Inventory are (i) located at the locations indicated on Schedule 4 (ii) in transit to such locations or (iii) in transit to a third party purchaser which will become obligated on a Receivable to the Debtor upon receipt. Except for Equipment and Inventory referred to in clauses (ii) and (iii) of the preceding sentence, the Debtor has exclusive possession and control of the Inventory and Equipment.

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