PARTS INVENTORIES Sample Clauses

PARTS INVENTORIES. The parts inventories of the Company at December 31, 1998 consist of goods of a quality and in quantities that are suitable for sale in the ordinary course of its business with normal xxxx-up at prevailing market prices. All parts and accessories in the inventories of the Company are undamaged parts and accessories that (i) are still in the original, resalable merchandising package, and in unbroken lots, (ii) were listed for sale in the then-current dealer parts and accessories price schedule for the represented manufacturers, (iii) were purchased directly from the represented manufacturers, and (iv) are returnable under the terms of the represented manufacturers' sales and service agreement for credit to the account of the Company.
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PARTS INVENTORIES. The parts and assessories inventories of the Company consist of goods of a quality and in quantities that are salable in the ordinary course of its business with normal xxxx-up at prevailing market prices, less the adjustments provided for in Section 3.2.4. Except as provided in the allocation for damaged or obsolete parts and assessories provided in Section 3.2.4, all parts and accessories in the inventory of the Company, for which the Company has return agreements, are returnable, according the return rules set by the manufacturer, are undamaged parts and were listed for sale in the then-current dealer parts and accessories price schedule for the represented manufacturers.
Sample 1
PARTS INVENTORIES. The parts inventories of the Company consist of goods of a quality and in quantities that are salable in the ordinary course of its business with normal xxxx-up at prevailing market prices. All parts and accessories in the inventory of the Company are returnable and undamaged parts and accessories that (i) are still in the original, resalable merchandising package, and in unbroken lots, (ii) were listed for sale in the then-current dealer parts and accessories price schedule for the represented manufacturers, (iii) were purchased directly from the represented manufacturers, and (iv) are returnable under the terms of the represented manufacturers' sales and service agreement for credit to the account of the Company.
Sample 1

Related to PARTS INVENTORIES

  • 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.

  • Inventories The Operator shall maintain detailed records of Controllable Material.

  • Physical Inventories (a) The Collateral Agent, at the expense of the Loan Parties, may participate in and/or observe each physical count and/or inventory of so much of the Collateral as consists of Inventory which is undertaken on behalf of the Borrowers so long as such participation does not disrupt the normal inventory schedule or process.

  • Physical Inventory Borrower shall conduct a physical count of the Inventory at such intervals as FINOVA requests and promptly supply FINOVA with a copy of such accounts accompanied by a report of the value (calculated at the lower of cost or market value on a first in, first out basis) of the Inventory and such additional information with respect to the Inventory as FINOVA may request from time to time.

  • 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.

  • Remaining Inventories Xencor shall have the right to purchase from MorphoSys (or its Affiliate) all of the inventory of Licensed Products held by MorphoSys (or its Affiliate) as of the effective date of termination at a price equal to MorphoSys’ (or its Affiliate’s) fully burdened manufacturing cost, determined in accordance with GAAP.

  • Eligible Inventory As to each item of Inventory that is identified by any Borrower as Eligible Inventory in a Borrowing Base Certificate submitted to Agent, such Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than Agent-discretionary criteria) set forth in the definition of Eligible Inventory.

  • Merchantable Inventory All Inventory is in all material respects of good and marketable quality, free from all material defects.

  • Spare Parts Contractor shall be responsible for obtaining vendor recommendations for spare parts and delivering such recommendations and spare parts to Owner in accordance with Section 3.4 of the Agreement.

  • Accounts Receivable; Inventories The accounts and notes receivable which are reflected on the Final Closing Balance Sheet are good and collectible in the ordinary course of business at the aggregate recorded amounts thereof, less the amount of the allowance for doubtful accounts reflected thereon, and are not subject to offsets. The accounts and notes receivable of the Company which were thereafter added and which will be reflected on the Final Closing Balance Sheet are good and collectible in the ordinary course of business at the aggregate amounts recorded in its books of account, less the amount of the allowance for doubtful accounts reflected thereon (which allowance was established on a basis consistent with prior practice), and are not subject to offsets. The inventories reflected on the Audited and Unaudited Balance Sheets, and thereafter added, as reflected on the Closing Date Balance Sheet, consist of items of a quality and quantity usable or saleable within one year (except as set forth on Schedule 5.7) in the ordinary course of business, except for obsolete materials, slow-moving items, materials of below standard quality and not readily marketable items, all of which have been written down to net realizable value or adequately reserved against on the books and records of the Company. To the extent there is inventory not listed on Schedule 5.7 of a quality and quantity not usable or saleable in the ordinary course of business within one year, in lieu of a claim for indemnification, Buyer shall sell and the Selling Shareholders shall purchase such items of inventory at the value carried on the Final Closing Balance Sheet. All inventories not written off are stated at the lower of cost or market.

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