WIP Inventory Sample Clauses

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.
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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.
Sample 1
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.
Sample 1
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.
Sample 1
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.
Sample 1

Related to WIP Inventory

  • 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.

  • 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.

  • 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.

  • 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.

  • Equipment and Inventory With respect to any Equipment and/or Inventory of an Obligor, each such Obligor has exclusive possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or (ii) Equipment or Inventory in transit with common carriers. No Inventory of an Obligor is held by a Person other than an Obligor pursuant to consignment, sale or return, sale on approval or similar arrangement.

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

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

  • As to Equipment and Inventory The Grantor hereby agrees that it shall

  • Returns of Inventory No Borrower shall return any Inventory to a supplier, vendor or other Person, whether for cash, credit or otherwise, unless (a) such return is in the Ordinary Course of Business; (b) no Default, Event of Default or Overadvance exists or would result therefrom; (c) Agent is promptly notified if the aggregate Value of all Inventory returned in any month exceeds $1,000,000; and (d) any payment received by a Borrower for a return is promptly remitted to Agent for application to the Obligations.

  • 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.

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