Canadian Inventory definition
Examples of Canadian Inventory in a sentence
Notwithstanding anything herein to the contrary, Canadian Reserves shall not duplicate eligibility criteria contained in the definition of “Eligible Canadian Receivable” or “Eligible Canadian Inventory” and vice versa, or reserves or criteria deducted in computing the cost or market value or Value of any Eligible Canadian Receivable, any Eligible Canadian Inventory or the Net Orderly Liquidation Value of any Eligible Canadian Inventory and vice versa.
For purposes of this Agreement, Eligible Canadian Inventory shall exclude any Canadian Inventory to which any of the exclusionary criteria set forth below applies.
The applicable Collateral Agents shall have the right to establish, modify or eliminate Reserves against Eligible Canadian Inventory from time to time in their Permitted Discretion.
The Closing Inventory Value shall be (i) the Base Closing Inventory Value, (ii) plus the amount of the Accounts Receivable of Goodyear Canada, if any, less the adjustment set forth in Section 6.16, if any, arising from the Canadian Inventory Transfer pursuant to Section 6.16 hereof.
The parties will share revenue from Canadian Inventory as follows: Display Advertising Sales Company sells and serves dDisplay Advertisements Inventory when Microsoft passes the unsold Inventory back to Company Microsoft sells and serves dDisplay Advertisements Inventory as long as Microsoft meets the CPM floor Microsoft retains 30% of all GAR that Microsoft sells and serves.
Not more frequently than two times during the Term, the Canadian Inventory Sublimit and the U.S. Inventory Sublimit may be reallocated, so long as no Default or Event of Default has occurred and is continuing, upon written notice by either Borrower to Administrative Agent; provided that (i) all such reallocations shall be in integral multiples of Cdn.
In the event the value of such Borrowers' domestic and Canadian Inventory or Receivables as so determined pursuant to such appraisal, is less than anticipated by Agent or Lenders, such that the Revolving Advances are in excess of such applicable Advances permitted hereunder, then, promptly upon Agent's demand for same, such Borrowers shall make mandatory prepayments of the then outstanding applicable Revolving Advances so as to eliminate the excess Advances.
All supplies, goods, materials, work in process, inventory and stock in trade owned by Seller exclusively for use or sale in the ordinary course of the Business (collectively, the "Inventory"); provided, however, that, except for the Inventory listed on Exhibit "E" attached hereto (the "Canadian Inventory"), Inventory shall not include any inventory physically located at the facilities of, or owned by, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Newfoundland which is included in the financial statements of Seller.
At the Closing, USC Canada shall assume certain liabilities associated with the Canadian Inventory pursuant to the Canadian ▇▇▇▇ of Sale.
Seller has good and marketable title to the Property; provided, however, that Seller makes no representation whatsoever as to the title to the Intangible Property, the Canadian Inventory or the FGL License Rights or the transferability of the Noble Agreement.