Baseline Inventory definition

Baseline Inventory means an inventory of equipment as defined in this subdivision that reflects all equipment ownedoperated at the time of the inventory.
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Baseline Inventory has the meaning set forth in Section 8.5 (Managed Assets Evaluations).
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Baseline Inventory means that amount that is equal to Inventory as of each of the Quarterly Baseline Dates multiplied by (1 + Percentage Change in Sales).
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Examples of Baseline Inventory in a sentence

  • The threatened and/or endangered species, candidate species, or species the Grantee determines are of special concern (individually or collectively, the “Species of Concern”); the forest, wildlife and aquatic habitats; and other natural characteristics of the Property (referred to herein as “Conservation Values”) as well as its state of improvement, are described in a Baseline Inventory Report (“Report”) prepared by Grantee with the cooperation of Grantor and attached hereto at Exhibit B.

  • Grantor shall retain the right to use the water rights described in Exhibit C for the present and future use on the Property, as well as all ▇▇▇▇▇, ditches, canals, headgates, springs, reservoirs, water allotments, and water rights of ways associated with the Property and identified in the Baseline Inventory Report.

  • The grassland, forb, shrubland, wildlife habitat, and other natural characteristics of the Property (collectively referred to as “Conservation Values”) as well as its state of improvement, are described in a Baseline Inventory Report (“Report”) prepared by Grantee with the cooperation of Grantor and attached hereto at Exhibit B.

  • If the Joint Inventory Review reveals that actual Inventory value (“Actual Inventory Value”) is greater than the baseline value of Inventory set forth in Schedule 2.8 (“Baseline Inventory Value”), the Purchase Price shall be increased, on a dollar for dollar basis, by an amount equal to the difference between the Actual Inventory Value and the Baseline Inventory Value.

  • Grantor shall retain the right to use the water rights described in Exhibit A for the present and future use on the Property, as well as all ▇▇▇▇▇, ditches, canals, headgates, springs, reservoirs, water allotments, and water rights of ways associated with the Property and identified in the Baseline Inventory Report.

  • Grantor may maintain existing watering facilities (i.e. water tanks, troughs, and dugout ponds) for livestock or wildlife in their current location as identified in the Baseline Inventory Report.

  • For GSE added in the time period between the 1997 Baseline Inventory and December 31, 2003, each Individual Participating Airline shall keep records identified in Appendix 2 attached hereto.

  • If the Joint Inventory Review reveals that the Actual Inventory Value is lesser than the Baseline Inventory Value, the Purchase Price shall be reduced, on a dollar for dollar basis, by an amount equal to the difference between the Baseline Inventory Value and the Actual Inventory Value.

  • The balance of the Baseline Inventory Amount (the "Inventory Holdback") shall be retained by the Buyer until released to the Seller in accordance with Section 2.3 hereof.

  • The Purchase Price shall be increased or decreased by the amount, if any, by which the amount of the inventory as so determined (the "Adjusted Inventory Amount") is greater than or less than the Baseline Inventory Amount.


More Definitions of Baseline Inventory

Baseline Inventory means an inventory performed using state of the art survey techniques to reliably estimate and locate the inventory of materials at the BHF at a specific point in time. Contractor will need to track incoming and outgoing product on a monthly basis. A summary of the status of the inventory will be included in the quarterly and annual reports described in this Agreement.
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Related to Baseline Inventory

  • Product Inventory means all inventory owned as of the Closing by Seller or any Affiliate thereof of finished Product that is in conformance with the Specifications and has an expiration date of October 1, 2016 or later, regardless of whether such inventory is held at a location or facility of Seller or any Affiliate (or of any other Person on behalf of Seller or any Affiliate, including in any of Seller’s warehouses, manufacturers, suppliers, distributors or consignees) or in transit to or from Seller or any Affiliate (or any such other Person).

  • Eligible Finished Goods Inventory means Inventory that qualifies as Eligible Inventory and consists of first quality finished goods held for sale in the ordinary course of Borrowers’ business.

  • Inventory Value means the cost of property purchased by the trustee and the market value of other property at the time it became subject to the trust, but the trustee may use any value finally determined for the purposes of an estate or other transfer tax;

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

  • 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.