Concession Inventory definition

Concession Inventory means commercially useable and resalable food, beverage (including, to the extent permitted by applicable Law, alcoholic and non-alcoholic), candy and other concession items of all major category types offered at each Theatre, together with related packaging and serving materials, but excluding all Coca-Cola Inventory. The amount of Concession Inventory maintained by Parent and the Companies at each Theatre as of the Closing shall consist of at least the Required Concession Inventory for such Theatre.
Sample 1Sample 2Sample 3
Concession Inventory shall have the meaning set forth in Section 1.1(d).
Sample 1
Concession Inventory means any goods of a concessionaire located at Borrower's Distribution Facility or retail stores, (which goods would otherwise be considered Inventory if the property of the Borrower, but as to which Borrower has no right, title or interest), held for sale by the concessionaire, which goods are not accounted for in Borrower's inventory system but the proceeds of sale thereof are collected through Borrower's deposit account arrangements.
Sample 1

Examples of Concession Inventory in a sentence

  • All Concession Inventory as of the Closing (a) consists of a quality and quantity that is commercially useable and saleable in the ordinary course of the Business consistent with past practices at the Theatres (taking into account historical and seasonal usage patterns) of all major inventory categories; and (b) does not include any Concession Inventory that is spoiled, expired, obsolete or no longer used in connection with the ordinary operation of the Business.

  • At such time after Closing as all New Liquor Permits are obtained, each Existing Permittee will convey, at no additional costs, all Concession Inventory that constitutes alcoholic beverages to New Permittee by a conveyance document in form reasonably acceptable to Buyer and in accordance with the requirements of applicable Laws.

  • Company shall have at least a two-week supply of Concession Inventory at each Theatre as of the Closing.

  • All Concession Inventory at Closing will consist of a quality and quantity commercially useable and saleable in the ordinary course of business and shall not include any obsolete, unuseable or unsaleable Concession Inventory.

  • All machinery, equipment, tools, supplies, spare parts, furniture and all other personal property owned by Company and used in connection with the operation of, and located at, the Theatres, including all such assets set forth on Schedule 1.1(c), but specifically excluding Company’s point of sale system.1.1(d) Concession Inventory.

  • Hours of Operation 4Table A: Peguis Pavilion Inventory 2008 5Table B: Rainbow Stage Inventory 2008 9Table C: Pool Concession Inventory 2008 9Table D: Concession Revenue Report 10PART B - BIDDING PROCEDURES B1.

  • Annexes:Annex 1: Summary Report of NLMA Concession Inventory PilotsAnnex 2: Principles for Responsible Agri-InvestmentExecutive Summary Background Land, labor and capital are the three key factors of production in any country.

  • Representatives of Buyer and Seller shall conduct an inventory of such Operating Supplies and Concession Inventory on the day preceding the Closing Date and shall inventory the Food and Beverage Inventory as of the close of business of the business day which commenced on the day preceding the Closing Date.

  • It draws primarily on three sets of data: published material (contribution of the second author); data from the piloting of the Lao Land Concession Inventory (LCI) and Quality of Investment (QI) projects7 (contribution of the third author); and interviews, etc.

  • Payment Schedule 6Form J: Subcontractor List 7Form K: Equipment 8 PART E - SPECIFICATIONSGeneralE1.General1E2.Work1E3.Services Supplied by the Contractor1E4.Services Supplied by the City of Winnipeg3E5.The Contract Administrator3E6.Hours of Operation4Table A: Peguis Pavilion Inventory 2005 6Table B: Rainbow Stage Inventory 2005 8Table C: Pool Concession Inventory 2005 8PART B - BIDDING PROCEDURES B1.


More Definitions of Concession Inventory

Concession Inventory. MEANS COMMERCIALLY USEABLE AND RESALABLE FOOD, BEVERAGE (INCLUDING, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ALCOH AND NON-ALCOHOLIC), CANDY AND OTHER CONCESSION ITEMS OF ALL MAJOR CATEGORY TYPES OFFERED AT EACH THEATRE, TOGETHER WITH RELATED PACKAGING AND MATERIALS, BUT EXCLUDING ALL COCA-COLA INVENTORY. THE AMOUNT OF CONCESSION INVENTORY MAINTAINED BY PARENT AND THE COMPANIES AT EACH THEATRE ASClosing shall consist of at least the Required Concession Inventory for such Theatre.
Sample 1

Related to Concession Inventory

  • Eligible Finished Goods Inventory means all Finished Goods Inventory that is Eligible Inventory.

  • Product Inventory means all inventory of the Product owned by Seller or its Affiliates as of the Closing, including raw materials, work-in-process, bulk form drug and finished Product.

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Excluded Inventory means any of the following inventory of goods, merchandise, or other inventory of Seller located at the Leased Premises: (a) all items in the Fresh Departments;

  • Consigned Inventory means Inventory of any Borrower that is in the possession of another Person on a consignment, sale or return, or other basis that does not constitute a final sale and acceptance of such Inventory.

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

  • Finished Goods means units of a manufactured product awaiting sale.

  • Excess Inventory means all Inventory and Special Inventory possessed or owned by Flextronics that is not required for consumption to satisfy the next [***] of demand for Products under the then-current purchase order(s) and forecast.

  • Transferred Inventory has the meaning set forth in Section 2.2(a)(iii).

  • Rental Equipment means the equipment identified on the Service Agreement and Order Schedule or otherwise notified to you in writing that we will rent to you as part of our provision of the Services and which you will return to us after expiry or termination of the Agreement, subject to the provisions of this Agreement.

  • 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.

  • Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Great American Group dated June 2007 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraisal firm pursuant to Section 9.2(b).

  • Finished Lots Entitled Land with respect to which (a) development has been completed to such an extent that permits to allow use and construction, including building, sanitary sewer and water, are entitled to be obtained for a Unit on such Entitled Land and (b) start of construction has not occurred.

  • Unimproved Land means land on which no development (other than improvements that are not material and are temporary in nature) has occurred.

  • Inventories means “Inventories” as defined in the Uniform System of Accounts, such as, but not limited to, provisions in storerooms, refrigerators, pantries and kitchens; beverages in wine cellars and bars; other merchandise intended for sale; fuel; mechanical supplies; stationery; and other expensed supplies and similar items.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Borrowing Base Property means any one of the Borrowing Base Properties.

  • Eligible Equipment means, at any time of determination, Equipment owned by Borrower which Lender, in its sole discretion, deems to be eligible for borrowing purposes.

  • Finished grade means the approved elevation of ground surface of lands upon which fill has been placed in accordance with this By-law;

  • Approved Location means the site for the operation of the Franchised Business selected by Franchisee and approved in writing by Franchisor;

  • Borrowing Base Properties means the Oil and Gas Properties of the Credit Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 9.14.

  • Leased Equipment means the computers, servers, machinery and equipment and other tangible personal property leased by Seller for use in the operation or conduct of the Business.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • In-Transit Inventory means Inventory of a Borrower which is in the possession of a common carrier and is in transit from a Foreign Vendor of a Borrower from a location outside of the continental United States to a location of a Borrower that is within the continental United States.

  • Qualified Inventory means all Raw Materials Inventory, Semi-Finished Goods and Scrap Inventory and Finished Goods Inventory held by a Credit Party in the normal course of business and owned solely by such Credit Party (per plant level records whereby manufactured items are valued at pre-determined costs and purchased items are valued at rolling average actual cost).

  • Proved Developed Non-Producing Reserves means oil and gas reserves that, in accordance with Petroleum Industry Standards, are classified as both “Proved Reserves” and “Developed Non-Producing Reserves.”