Allocated Inventory definition

Allocated Inventory means the Common and Non-Common Components that have been assigned to support Aircraft.
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Allocated Inventory means Inventory existing at the Closing Date that will be consumed in completing Customer Purchase Orders transferred to Buyer hereunder. For purposes hereof, in the event that Buyer does not assume, pursuant to Section 1.2(d) hereof, any Customer Purchase Order, any Inventory relating to such items shall not be deemed Allocated Inventory and shall be deemed Excess and Unallocated Inventory hereunder. Notwithstanding the foregoing, the following items of Inventory shall be deemed to be Excess and Unallocated Inventory and shall not be deemed Allocated Inventory: (i) Inventory relating to Customer Purchase Orders placed by Systech that are based on forecasts and are not supported by firm orders, (ii) Inventory relating to Customer Purchase Orders placed by Teloquint that are based on forecasts and are not supported by firm orders and (iii) Inventory relating to Customer Purchase Orders placed by Highway Master for amounts in excess of 100 product units per week over a period of one year.
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Allocated Inventory means that group of Components provided from time to time to Hawaiian by Delta to support Aircraft maintenance and operations.
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Examples of Allocated Inventory in a sentence

  • The value of the Allocated Inventory on the last day of the month will be the basis for the payment due and such payment will be made in accordance with Section 3.2 of the Inventory Support Agreement.

  • Delta may utilize any of the Allocated Inventory for its own needs, however, in such event, Delta shall use commercially reasonable efforts to replace such Allocated Inventory as soon as is practical.

  • The Allocated Inventory value is determined by the average list price of the Component in Delta’s inventory system times the total number of Components allocated.

  • Delta shall utilize its existing inventory management system to manage, order, and track the Allocated Inventory.

  • Delta and Sun Country, as mutually agreed, will adjust the type and quantity of Allocated Inventory from time to time as necessary to meet program performance measures.

  • Sun Country shall pay to Delta a monthly rate of 1.5% times the value of the Allocated Inventory provided to Sun Country at the mutually agreed to locations.

  • The total value of Allocated Inventory will be calculated on the last day of the month.

  • Any sales of Open Inventory will be achieved by either TN internal sales or provided exclusively to ADSmart by TN under the same terms as Allocated Inventory.

  • Schedule 4.7(a) sets forth all items of Allocated Inventory as of September 30, 1999; Schedule 4.7(b) sets forth all items of Allocated Inventory as of December 31, 1999; Schedule 4.7(c) sets forth all items of Customer Inventory as of September 30, 1999; and Schedule 4.7(d) sets forth all items of Customer Inventory as of December 31, 1999 (the foregoing schedules are collectively referred to as "Schedule 4.7").

  • The "Product Cost" per unit shall equal the sum of: (1) the Product Direct Costs; plus (2) the Allocated Variable Overhead for such Product Code as set forth on Schedule "B"; plus (3) the Allocated Inventory Carrying Costs for such Product Code; plus (4) the Allocated Profit for such Product Code as set forth on Schedule "C"; plus.


More Definitions of Allocated Inventory

Allocated Inventory has the meaning set forth in Section 2.1(b) below.
Sample 1
Allocated Inventory means Inventory up to a maximum of Five Hundred Thousand Dollars ($500,000) value as identified on Schedule 1.2. For purposes of valuing the Allocated Inventory, all purchased component inventory and packaging material inventory shall be based on the invoice cost thereof and all finished goods inventory shall be valued at the internal cost paid by the Plasti-Chain division to PMC's plastics operation for such inventory.
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Related to Allocated Inventory

  • Transferred Inventory has the meaning set forth in Section 2.2(a)(iii).

  • Excluded Inventory means any of the following inventory of goods, merchandise, or other inventory of Seller located at the Leased Premises: (a) all items in the Fresh Departments;

  • Qualified Inventory means all Raw Materials Inventory, Semi-Finished Goods and Scrap Inventory and Finished Goods Inventory held by a Credit Party in the normal course of business and owned solely by such Credit Party (per plant level records whereby manufactured items are valued at pre-determined costs and purchased items are valued at rolling average actual cost).

  • Eligible Inventory means and include Inventory, excluding work in process, with respect to each Borrower, valued at the lower of cost or market value, determined on a first-in, first-out basis, which is not obsolete, slow moving or unmerchantable as determined by Agent in its Permitted Discretion and which Inventory, based on such considerations as Agent may from time to time deem appropriate in its Permitted Discretion including whether the Inventory is subject to a perfected, first priority security interest in favor of Agent and no other Lien (other than a Permitted Encumbrance). Notwithstanding anything herein to the contrary, no Inventory shall be Eligible Inventory to the extent such Inventory was acquired by a Borrower pursuant to an entity creation under Section 7.12 or a Permitted Acquisition, unless Agent has (i) completed field examinations with respect to such Inventory, the results of which are satisfactory in form and substance to Agent in its Permitted Discretion or (ii) waived such restriction in its Permitted Discretion. In addition, Inventory shall not be Eligible Inventory if it: (a) does not conform in all material respects to all standards imposed by any Governmental Body which has regulatory authority over such goods or the use or sale thereof; (b) is in transit (other than between one or more locations where Borrowers are permitted hereunder to maintain or store Inventory and such location is the subject of a Lien Waiver Agreement or a Processor’s Agreement, as applicable, unless such location is owned by Borrower); (c) is located outside the continental United States or at a location that is not otherwise in compliance with this Agreement; (d) constitutes Consigned Inventory (other than Consigned Inventory that is subject to a warehouseman’s waiver in form and substance satisfactory to Agent); (e) is the subject of an Intellectual Property Claim; (f) is subject to a License Agreement that limits, conditions or restricts the applicable Borrower’s or Agent’s right to sell or otherwise dispose of such Inventory, unless Agent is a party to a Licensor/Agent Agreement with the Licensor under such License Agreement (or Agent shall agree otherwise in its Permitted Discretion after establishing reserves against the Formula Amount with respect thereto as Agent shall deem appropriate in its Permitted Discretion); (g) at any time following seventy-five (75) days after the Closing Date (or such later date agreed to by Agent), is situated at a location not owned by a Borrower unless the owner or occupier of such location has executed in favor of Agent a Lien Waiver Agreement or a Processor’s Agreement, as applicable (or Agent shall have established reserves against the Formula Amount with respect thereto as Agent shall deem appropriate in its Permitted Discretion in an amount not to exceed the equivalent of three (3) months’ rental obligation with respect to such location); or (h) if the sale of such Inventory would result in the creation of a Receivable which, on the date of such sale, would fail to constitute an Eligible Receivable due to the operation of any of clauses (b), (c) or (e) – (p) of such definition.

  • Excess Inventory means all Inventory and Special Inventory possessed or owned by Flextronics that is not required for consumption to satisfy the next [***] of demand for Products under the then-current purchase order(s) and forecast.

  • Consigned Inventory means Inventory of any Borrower that is in the possession of another Person on a consignment, sale or return, or other basis that does not constitute a final sale and acceptance of such Inventory.

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Eligible Finished Goods Inventory means all Finished Goods Inventory that is Eligible Inventory.

  • Product Inventory means all inventory of the Product owned by Seller or its Affiliates as of the Closing, including raw materials, work-in-process, bulk form drug and finished Product.

  • Obsolete Inventory means items that have expired, are redundant or

  • Inventory Formula Amount means (i) the lesser of (x) 75% of the Value of Eligible Inventory and (y) 85% of the NOLV Percentage of the Value of Eligible Inventory plus (ii) the lesser of (x) the lesser of (1) 75% of the Value of Eligible In-Transit Inventory and (2) 85% of the NOLV Percentage of the Value of the Eligible In-Transit Inventory and (y) $10,000,000.

  • Inventory Value has the meaning set forth in Section 2.1.

  • Excess Concentration means, without duplication, the sum of the following amounts:

  • In-Transit Inventory means Inventory of a Borrower which is in the possession of a common carrier and is in transit from a Foreign Vendor of a Borrower from a location outside of the continental United States to a location of a Borrower that is within the continental United States.

  • Eligible In-Transit Inventory means, as of any date of determination thereof, without duplication of other Eligible Inventory, In-Transit Inventory:

  • Inventories means “Inventories” as defined in the Uniform System of Accounts, such as, but not limited to, provisions in storerooms, refrigerators, pantries and kitchens; beverages in wine cellars and bars; other merchandise intended for sale; fuel; mechanical supplies; stationery; and other expensed supplies and similar items.

  • Borrowing Base Assets means a collective reference to all Borrowing Base Assets in existence at any given time.

  • Allocated Loan Amount means, for an Individual Property, the amount set forth on Schedule II attached hereto.

  • Net Book Value means the net book value of the relevant Supplier Asset(s) calculated in accordance with the depreciation policy of the Supplier set out in the letter in the agreed form from the Supplier to the Costumer of even date with this Call Off Contract;

  • Eligible Equipment means, at any time of determination, Equipment owned by Borrower which Lender, in its sole discretion, deems to be eligible for borrowing purposes.

  • Finished Goods means units of a manufactured product awaiting sale.

  • Stored value means monetary value that is evidenced by an electronic record.

  • Borrowing Base Amount means:

  • Inventory Reserves means such reserves as may be established from time to time by the Administrative Agent in the Administrative Agent’s Permitted Discretion with respect to the determination of the saleability, at retail, of the Eligible Inventory or which reflect such other factors as may adversely affect the market value of the Eligible Inventory. Without limiting the generality of the foregoing, Inventory Reserves may, in the Administrative Agent’s Permitted Discretion, include (but are not limited to) reserves based on:

  • Adjusted Net Book Value means, as of any date of determination, with respect to each Adjusted Program Vehicle as of such date, the product of 0.965 and the Net Book Value of such Adjusted Program Vehicle as of such date.

  • Excluded Equipment means (i) defibrillators, enhanced emergency medical kits and other medical equipment, (ii) airphones and other components or systems installed on or affixed to the Airframe that are used to provide individual telecommunications or electronic entertainment to passengers aboard the Aircraft, (iii) galley carts, beverage carts, waste containers, liquor kits, food tray carriers, ice containers, oven inserts, galley inserts, and other branded passenger convenience or service items, (iv) any items, equipment or systems leased by Company or any Permitted Lessee (other than items, equipment, or systems that are leased from Company pursuant to the applicable Lease) or owned by Company or any Permitted Lessee subject to a conditional sales agreement or a security interest (other than the security interest granted under the Indenture), and (v) cargo containers.