Consignment Inventory means any Inventory held by a Grantor on a consignment basis, which Inventory is not owned by a Grantor (and would not be reflected on a consolidated balance sheet of Borrower and its Subsidiaries prepared in accordance with GAAP).
Consignment Inventory means, at any time, each item of merchandise (including any gold content thereof) which (i) at such time is in possession of the Company, Finlay Enterprises or any of their respective Subsidiaries as consignee pursuant to a written consignment agreement or other consignment arrangement including, without limitation, a consignment order or consignment invoice, (ii) at such time is identified in computer records of the Company, Finlay Enterprises or any of their respective Subsidiaries as being "memo" or "consigned inventory", (iii) as of such time has not been sold, and (iv) to which title, at such time, is retained by a consignor under such consignment agreement or other consignment arrangement until such item of merchandise is sold or deemed sold by the consignor to the consignee. Title to an item of merchandise described in the foregoing sentence is deemed to be retained by such consignor until, in accordance with the applicable consignment agreement or other consignment arrangement, title is transferred (or deemed to be transferred) to a buyer, the Company, Finlay Enterprises or any of their respective Subsidiaries, regardless of whether any procedures have been performed to protect the consignor's title with respect to such item of merchandise.
Consignment Inventory means, at any time, each item of merchandise which (i) at such time is in possession of the Company or any Subsidiary thereof as consignee pursuant to a Consignment Agreement which, if not in a writing signed by the consignor, has been approved in writing by the Agent, (ii) at such time is identified by item number in the computer records of the Company or any Subsidiary thereof (to which the Agent has on-line access to the extent required by Section 8.7(b) hereof) as being "memo" or "consigned" inventory, (iii) as of such time has not been sold or deemed sold to or by the Company or any Subsidiary thereof, (iv) to which ownership, at such time, is retained by a consignor under such Consignment Agreement or other consignment arrangement until such item of merchandise is sold or deemed sold by the consignor to the consignee, and (v) accordingly, at such time, is not an asset of the Company or any Subsidiary thereof. Ownership of an item of merchandise described in the foregoing sentence is deemed to be retained by such consignor until, in accordance with the applicable Consignment Agreement or other consignment arrangement, ownership is transferred (or deemed to be transferred) to a buyer, the Company or any Subsidiary thereof, regardless of whether any procedures have been performed to protect the third party's title to such item of merchandise. Additionally, "Consignment Inventory" (a) includes, at any time, any item of merchandise (including the gold content thereof) which (i) contains gold which is leased by or consigned or lent to the Company or any Subsidiary thereof, and (ii) complies at such time with clauses (ii) and (iii) of the first sentence of this definition, and (b) excludes all cash and non-cash proceeds of any item of merchandise (and any gold content thereof) which constituted Consignment Inventory.
Examples of Consignment Inventory in a sentence
A Facility is responsible for any of the Consignment Inventory that is lost or destroyed while stored on the Facility’s premises (except for any damage or losses caused in whole or in part by Company’s or its agent’s, employee’s, representative’s acts, omissions, negligence or misconduct).
Neither System nor any Facility is responsible (financially), and bears no responsibility for any Products within the Consignment Inventory that have expired.
The delivery of any Consignment Inventory to a Facility must take place during the times and at the locations designated by the Facility.
In cases where a sewage pipe must cross a waterline, the sewage pipe must be pressure tested to hold five (5) pounds of pressure for fifteen (15) minutes and meet or exceed the standards set forth in Minn.
Company representatives may not enter the location of the Consignment Inventory without the Facility’s permission.
More Definitions of Consignment Inventory
Consignment Inventory means all of the Company’s parts and products intended for sale to third parties existing as of the Closing that have not been sold by the Company within the ninety (90) days after the Closing.
Consignment Inventory means any Inventory (as defined in the UCC) held by a grantor on a consignment basis, which Inventory is not owned by a grantor (and would not be reflected on a consolidated balance sheet of Issuers and their Subsidiaries prepared in accordance with GAAP).
Consignment Inventory means inventory possessed by Seller for use in the Seller Business which is still owned by the original vendor or supplier and title and legal ownership of such inventory has not been passed to Seller.
Consignment Inventory shall have the meaning set forth in the Earlens Sales Agreement.
Consignment Inventory has the meaning set forth in Section 1 of Appendix C.
Consignment Inventory means, at any time, each item of merchandise (including any gold content thereof) which (i) at such time is in possession of the Company, Finlay Enterprises or any of their respective Subsidiaries as consignee pursuant to a written consignment agreement or other consignment arrangement including, without limitation, a consignment order or consignment invoice, (ii) at such time is identified in computer records of the Company or any of its Subsidiaries as being “memo” or “consigned inventory”, (iii) as of such time has not been sold, and (iv) to which title, at such time, is retained by a consignor under such consignment agreement or other consignment arrangement until such item of merchandise is sold or deemed sold by the consignor to the consignee. Title to an item of merchandise described in the foregoing sentence is deemed to be retained by such consignor until, in accordance with the applicable consignment agreement or other consignment arrangement, title is transferred (or deemed to be transferred) to a buyer, the Company or any of its Subsidiaries, regardless of whether any procedures have been performed to protect the consignor’s title with respect to such item of merchandise.
Consignment Inventory means inventory owned by Sycamore but located at Supplier’s site.