Acquired Inventory definition

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

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Acquired Inventory shall have the meaning ascribed to it in Section 2.1(b) hereof.

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

Within five (5) Business Days following the Closing, the Buyers shall cause to be conducted a physical count of the Acquired Inventory to determine Inventory Value (the “Inventory Count”).
Within ninety (90) days after the Closing Date, BSC shall prepare and deliver to Elutia a statement (the “Closing Inventory Statement”) setting forth (A) its calculation of the actual Inventory Value as of the Effective Time (the “Closing Inventory Value”) together with a list of Acquired Inventory as of the Effective Time, which shall be based, in part, on the Inventory Count, and (B) its calculation of the Post-Closing Adjustment Amount based thereon.
At the Closing, the Buyers or their designated Affiliates shall duly execute and deliver to the Sellers: (i) the Escrow Agreement, (ii) the Bill of Sale, (iii) the Intellectual Property Assignment, (iv) the Seller Non-Competition Agreement, (v) the Transition Services Agreement, (vi) the Employee Lease Agreement (if applicable), and (vii) a certificate of resale relating to the future sale of Acquired Inventory.

More Definitions of Acquired Inventory

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 (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 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 shall have the meaning set forth in Section 1.1(a)(i) of this Agreement.