Acquired Inventory definition

Acquired Inventory has the meaning set forth in Section 1.2(a).

Acquired Inventory shall have the meaning set forth in Section 2.1(b).

Acquired Inventory means Inventory owned by a Person that becomes a Borrower Party after the Fourth Restatement Effective Date or Inventory acquired in a Permitted Acquisition or any other acquisition; provided, however, that such Inventory shall cease to be Acquired Inventory upon the Administrative Agent’s receipt or completion of (a) appraisals, from appraisers reasonably satisfactory to the Administrative Agent, of such Inventory, (b) a field audit of such Inventory, and (c) such other due diligence as the Administrative Agent may reasonably require, all of the results of the foregoing to be reasonably satisfactory to the Administrative Agent.

Examples of Acquired Inventory in a sentence

The Acquired Inventory is all of the Inventory of the Business, other than Inventory sold in the Ordinary Course of Business.
The Acquired Inventory has been stored in compliance with all Laws and is not adulterated or mislabeled, misbranded or unsafe within the meaning of the FDA Act (including the Pesticide and Food Additive Amendment of 1958) and the regulations thereunder.
The Inventory Service will use its established inventory policies and procedures (copies of which shall be furnished to the Qualified Representatives of Buyer and Seller prior to the Inventory Date) to complete the count of Acquired Inventory at each Leased Premises.
At an agreed-upon date and time no later than two (2) days prior to the start of the Acquired Inventory verification at each Leased Premises, the Qualified Representatives shall tour the Leased Premises to agree upon items of Excluded Inventory and to ensure segregation of such items from the inventory to be counted in connection with the inventory verification.
Buyer desires to purchase and accept such assignment and assume all rights, title, interests and obligations of Tenant under the Leases, Acquired Inventory, and FF&E at the Leased Premises to the extent set forth herein, subject to the conditions hereinafter set forth.

Acquired Inventory means (i) with respect to any Operating Leased Property, all Inventory which is located at, on or in transit to the applicable Operating Lease Property as of the Closing Date, (ii) with respect to any Operating Owned Property, all Inventory which is located at, on or in transit to the Operating Owned Property as of the Closing Date, (iii) with respect to any IP/Ground Lease Property, all Inventory which is located at, on or in transit to the IP/Ground Lease Property as of the Closing Date, (iv) with respect to any Operating Sparrow Properties, all Inventory located at, on or in transit to the Operating Sparrow Properties, and (v) all other Inventory Related to the Business other than Inventory included in clause (ii) of the definition of Excluded Inventory.

Acquired Inventory means all Inventory held by Ciba or any of its Subsidiaries at any location that relates exclusively or primarily to, arises exclusively or primarily out of or is used exclusively or primarily in connection with, the Transferred Business.

Acquired Inventory means all inventory of goods, merchandise, Supplies and other inventory in the Grocery, Dairy, Frozen Food, General Merchandise & Health and Beauty Care, and Tobacco (including cigarettes) departments that is owned by Seller and held for resale to the public in the Ordinary Course of Business, and in each case, that is used in or located at the Leased Premises as of the Closing Date, but excluding any Excluded Inventory.

Acquired Inventory means any and all Inventory located in, or otherwise held for sale at, any Designation Rights Store or the Nebraska Distribution Center.

Acquired Inventory means Inventory (including affixed or unaffixed Tax Stamps) owned by a Person that becomes a Borrower Party after the Fifth Restatement Effective Date (or, in the case of the Core-Mark Acquired Companies, on the Fifth Restatement Effective Date) or Inventory acquired in a Permitted Acquisition or any other acquisition; provided, however, that such Inventory shall cease to be Acquired Inventory upon the Administrative Agent’s receipt or completion of (a) appraisals, from appraisers reasonably satisfactory to the Administrative Agent, of such Inventory, (b) a field audit of such Inventory, and (c) such other due diligence as the Administrative Agent may reasonably require, all of the results of the foregoing to be reasonably satisfactory to the Administrative Agent.

Acquired Inventory means all inventory of goods, merchandise, Supplies and other inventory in the Pharmacy, Grocery, Dairy, Frozen Food, General Merchandise & Health and Beauty Care, Alcohol, and Tobacco (including cigarettes) departments that is owned by Seller and held for resale to the public in the Ordinary Course of Business, and in each case, that is used in or located at the Leased Premises as of the Closing Date, but excluding any Excluded Inventory.

Acquired Inventory means all finished goods, raw materials, works-in-process, packaging, supplies, parts and other inventories of Seller, wherever located, including inventory in transit to or from Seller.