Cigarette Inventory definition

Cigarette Inventory the cigarette Inventory of the Borrower and its Subsidiaries, including all tax stamps (whether affixed or unaffixed) in respect thereof.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Cigarette Inventory means Inventory of AMCON consisting of cigarettes and cigarette tax stamps.

Cigarette Inventory means Seller’s inventory of saleable combustible cigarettes at the as of the effective time of inventory measurement at the Properties. For purposes of clarification electronic cigarettes and all other tobacco related product except cigarettes shall be deemed part of Merchandise Inventory. For purposes of determining Cigarette Inventory, “saleable” shall means all items generally sold in a first class retail convenience store, except those items that (i) are expired, or will expire within ten (10) days of the Commencement Date (with the deemed expiration date deemed to be one year from the date of manufacture), (ii) violate applicable government code specifications, or (iii) are spoiled or damaged.

Examples of Cigarette Inventory in a sentence

As of the Closing Date and each date thereafter upon which the Borrower includes any Cigarette Inventory as Eligible Cigarette Inventory in a Revolver Borrowing Base or Cigarette Buy-In Borrowing Base calculation or a Borrowing Base Certificate, such Cigarette Inventory satisfies all of the criteria necessary to qualify such Cigarette Inventory as Eligible Cigarette Inventory and shall not be counted in duplicate in the Revolver Borrowing Base and the Cigarette Buy-In Borrowing Base at any time.
Borrower shall, on or before the third Business Day of each week, deliver to Agent a duly completed certificate (in form and substance satisfactory to Agent) signed by the chief financial officer of Borrower certifying the Eligible Inventory, Eligible Cigarette Inventory and Eligible Accounts of Borrower as of the last day of the immediately preceding week (each such certificate being a "Borrowing Base Certificate").
Except for manufacture and sale of Cigarette Inventory to Licensee, neither the Licensor nor Star shall have any right after the Effective Date to use the Trademarks in connection with the Cigarette Field without Licensee’s prior written consent.
Borrower shall, on or before the second Business Day of each week, deliver to Bank a duly completed certificate (in form and substance satisfactory to Bank) signed by the chief financial officer of Borrower certifying the Eligible Inventory, Eligible Cigarette Inventory and Eligible Accounts of Borrower as of the last day of the immediately preceding week (each such certificate being a "Borrowing Base Certificate").
Cigarette Inventory will be priced at Seller’s cost of purchase of each item based upon the last applicable invoice received by Seller, net of discounts and allowances but including any taxes and freight, as reflected on any such invoice pertaining to such Cigarette Inventory.
Licensee shall be responsible for the third-party shipping costs required to ship Cigarette Inventory from Licensor’s loading dock at Licensor’s Petersburg, Virginia factory to the destination or destinations designated in writing by Licensee.
As of the Closing Date and each date thereafter upon which the Borrower includes any Cigarette Inventory as Eligible Cigarette Inventory in a Revolver Borrowing Base calculation or a Borrowing Base Certificate, such Cigarette Inventory satisfies all of the criteria necessary to qualify such Cigarette Inventory as Eligible Cigarette Inventory.
Immediately following the execution of this Agreement, the Parties agree to use their best efforts and cooperate to secure a variance from the TTB (the “Variance”) to permit the Cigarette Inventory to be shipped from Licensor to Licensee in bond.
Notwithstanding the foregoing, this Section 2(a)(i) shall not prohibit the manufacture for Licensee or sale to Licensee of the Cigarette Inventory by Licensor nor shall it constitute an infringement of Licensee’s exclusive license for Licensor to manufacture the Cigarette Inventory for Licensee or sell the Cigarette Inventory to Licensee.
The Parties acknowledge and agree that the execution of this Agreement establishes a binding obligation of Licensee to purchase the Cigarette Inventory and that Licensee shall pay Licensor in accordance with the the manner set forth in Section 2(b)(v)(D), One Hundred Twenty Dollars ($120.00) for each case of finished cigarettes constituting the Cigarette Inventory.

More Definitions of Cigarette Inventory

Cigarette Inventory and "other inventory" turnover by division. [LETTERHEAD OF ▇▇▇▇, WEISS, RIFKIND, ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇] August 7, 1996 To the Lenders Party to the Credit Agreement Referred to Below and The Chase Manhattan Bank as Administrative Agent Ladies and Gentlemen: We have acted as special counsel to Core-▇▇▇▇ International, Inc., a Delaware corporation (the "Borrower"), C/M Products, Inc., a California corporation and a wholly-owned subsidiary of the Borrower ("C/M Products"), Core-▇▇▇▇ Interrelated Companies, Inc., a California corporation and a wholly-owned subsidiary of the Borrower ("CMIC"), and Core-▇▇▇▇ Midcontinent, Inc., an Arkansas corporation and a wholly-owned subsidiary of the Borrower ("CM Midcontinent" and, together with the Borrower, C/M Products and CMIC, collectively the "Loan Parties" and each a "Loan Party"), in connection with the Credit Agreement, dated as of ▇▇▇▇, WEISS, RIFKIND, ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇ To the Lenders Party to the Credit Agreement 2 Referred to Below and The Chase Manhattan Bank as Administrative Agent August 7, 1996 (the "Credit Agreement"), among the Borrower, the several banks and other financial institutions parties thereto as lenders (the "Lenders"), and The Chase Manhattan Bank, a New York banking corporation, as Administrative Agent. Capitalized terms not otherwise defined herein shall have the respective meanings given them in the Credit Agreement. This opinion is being furnished to you at the request of the Borrower pursuant to Section 5. l(1()(l) of the Credit Agreement. In connection with this opinion, we have examined originals, or copies certified or otherwise identified to our satisfaction, of the following documents, each dated as of the date hereof (collectively, the "Documents"):

Cigarette Inventory means the number of cases of finished cigarettes under the Trademarks located in Licensor’s bonded warehouse as of the Effective Date, which shall include any cases of finished cigarettes manufactured by Licensor at the written request of Licensee subsequent to the Agreement Date and prior to the Effective Date. Licensor shall use commercially reasonable efforts to accommodate Licensee’s requests with respect to the total number of cases, the total number of cases under each of the Trademarks, the styles and other matters with respect to finished cigarettes in Licensor’s warehouse on the Effective Date; provided, however, such number of cases of finished cigarettes shall not to be less than 2,000 cases nor more than 8,000 cases.

Cigarette Inventory means Inventory of Borrowers consisting of cigarettes and cigarette tax stamps.