Company Inventory definition
Examples of Company Inventory in a sentence
All Transferred Inventory is owned by Seller or an Affiliate of Seller free and clear of all Encumbrances and all Company Inventory is owned by the Company free and clear of all Encumbrances.
No Transferred Inventory or Company Inventory is held on a consignment basis.
All of the Transferred Inventory and the Company Inventory is (and will as of the Closing be) of such quality and quantity as to be usable and saleable in the ordinary course of business of the Business, except for any such Transferred Inventory and Company Inventory included in reserves for unusable or unsaleable inventory accrued for on the Business Financial Statements.
The Company shall post with ▇▇▇▇ on the Commencement Date and maintain during the Term cash in the amount of $7,033,475 (the “Initial Margin Amount”); provided, as further agreed by the Parties, all or a portion of such amount may be posted by ▇▇▇▇ holding back a portion of the amount payable to the Company under the Company Inventory Sales Agreement.
The finished goods, work in progress, raw materials and other materials and supplies included in such Company Inventory are of a standard which is not lower than the generally accepted standard prevailing in the industries of which the business of each Company Entity forms a part.