Base Inventory definition

Base Inventory has the meaning ascribed thereto in Section 2.7.

Base Inventory means inventory consisting of raw materials as to which a Borrower has acquired title, and is otherwise in compliance with Section 6.5 Encumbrance, and the Borrowers have furnished to the Bank ----------- information as required by Section 5.1(b) hereof. Inventory immediately loses the status of Base Inventory if and when a Borrower sells it, otherwise passes title thereto or consumes it.

Base Inventory meanss Four Million U.S. Dollars ($4,000,000).

Examples of Base Inventory in a sentence

• To illustrate, the U.S. Internal Revenue Service publication on tax treaties lists tax-treaty withholding tax rates for 56 countries; the top 30% rate applies to intra-firm interest payments in only four instances and is completely eliminated for 20 countries.6In short, notwithstanding the two potential levels of tax, U.S. tax on payments foreign subsidiaries make to their parents can be eliminated or substantially reduced in the case of payments made to firms in a large number of countries.

• She found out she wasn't prepared to deal with Leslie Shay at all.

• Base Inventory Comment: The EPA received several comments on baseline area and nonroad mobile source emission inventories.Several commenters submittedestimates of their 1990 nonroad activity levels that differed from NPR estimates.

• This may be done through the push-notification by means of the App, an online posting on the Website, an email or other electronic media to which you hereby consent.

• The Inventory Team will code and group the items of inventory, materials and supplies included in the Base Inventory as "new," "reconditioned," "re-usable," and the like, and will value the groups based on CRC's material costs or other mutually agreeable methodology (excluding additives and overheads).

More Definitions of Base Inventory

Base Inventory meanss Thirteen Million Seven Hundred Thousand U.S. Dollars ($13,700,000).

Base Inventory means $6,000,000.

Base Inventory means (i) with respect to Basis 184,671 barrels of crude oil and (ii) with respect to Howell 100,000 barrels of crude oix. "Basis" has the meaning assigned to such term in the opening paragraph of this Agreement.

Base Inventory means inventory (other than work-in-process) as to which a Borrower has acquired title, the Bank has acquired a valid and perfected first- priority security interest, and such Borrower has furnished to the Bank information relating thereto as provided in this Letter Agreement. Inventory immediately loses the status of Base Inventory if and when a Borrower sells it, otherwise passes title thereto or consumes it or the Bank releases or transfers its security interest therein. Anything herein to the contrary notwithstanding, Base Inventory shall exclude all inventory owned by K&D Magmotor Corp. unless and until it institutes a tracking system capable of reporting changes in its inventory on a monthly basis, which system shall be satisfactory to the Bank in its sole discretion.

Base Inventory as herein used means Fixed Base Inventory adjusted for any increase or decrease in the Base Fluctuation.

Base Inventory is amended by adding in the first line after the words "solely of finished goods" the words "(provided that, as to the Acquiring Subsidiaries only, Base Inventory shall also include raw materials and work-in- process)".

Base Inventory means Inventory (other than "California Base Inventory" as defined below) consisting solely of national brand name products, as to which any of the Borrowers has acquired title, the Agent has acquired a perfected first security interest as agent for and on behalf of the Lenders and the Borrowers have furnished to the Agent information as required by Section 5.1 (viii) and (ix), but shall not include any Inventory consisting of Allou label goods, or any goods, merchandise or other personal property owned by any other Person and held by any of the Borrowers on consignment or otherwise. Inventory immediately loses the status of Base Inventory if and when one of the Borrowers sells it, otherwise passes title thereto or consumes it or the Agent releases or transfers its security interest therein.