Consolidated Inventory means, at any time, the Inventory of Borrower and its Restricted Subsidiaries on a consolidated basis, all as determined in accordance with GAAP.
Consolidated Inventory means, as at any date of determination, the aggregate book value of inventory of Parent and its Subsidiaries as reflected on Parent's financial statements as of such date, determined on a consolidated basis in accordance with GAAP, that is not subject to any Lien."
Consolidated Inventory means (without duplication), as of any date, (i) the inventory which would be reflected on a consolidated balance sheet of Borrower and its Subsidiaries prepared as of such date in accordance with GAAP, and (ii) the assets of Borrower and its Subsidiaries held for sale or lease or furnished or to be furnished under contracts of service, raw materials, work-in-progress and materials used or consumed by Borrower and its Subsidiaries.
Examples of Consolidated Inventory in a sentence
The Consolidated Inventory Amount of the Loan Parties shall at all times be no less than the Inventory Threshold Amount.
For 2002, the Plan will be based on a combination of achievement of Operating Income Before Taxes (OIBT), Net Sales, Return on Assets, Consolidated Inventory and Individual Performance Objective Targets.
The Consolidated Inventory Amount of the Loan Parties for the period from and including May 8, 2015 to and including July 6, 2015, shall at all times during such period be no less than $50,000,000.
Permit, on any day, the ratio of (i) Consolidated Inventory plus Eligible Accounts Receivable on such day to (ii) the sum of the aggregate principal amount of outstanding Borrowings on such day plus the aggregate LC Exposure on such day, to be less than 2.0 to 1.0.
More Definitions of Consolidated Inventory
Consolidated Inventory means the inventory of Holdings, the Company and its Subsidiaries, determined on a consolidated basis in accordance with GAAP.
Consolidated Inventory means as of any date the inventory which would be reflected on a consolidated balance sheet of Borrower and its Subsidiaries prepared as of such date in accordance with GAAP.
Consolidated Inventory means, as of any date, the total of all inventory which would be reflected on a consolidated balance sheet of the Company and its consolidated Subsidiaries prepared as of such date in accordance with GAAP.
Consolidated Inventory means Inventory of Borrower and its Subsidiaries, on a consolidated basis, in all cases being in good, saleable condition, undamaged, unused and not having been held for more than ninety (90) days.
Consolidated Inventory means, as of any date of determination and without duplication, the lower of the aggregate book value or fair market value of all finished goods inventory held for sale owned by any member of the Consolidated Group less appropriate reserves determined, as to any inventory held for sale only, in accordance with GAAP but excluding in any event (a) inventory that is (i) not subject to a perfected, first priority Lien in favor for the Collateral Agent pursuant to the Security Agreement or (ii) subject to any Lien that is not a Permitted Lien, (b) inventory located outside of the United States, (c) inventory which is not in good condition or fails to meet standards for sale or use imposed by governmental agencies, departments or divisions having regulatory authority over such goods, (d) inventory that is not either usable or salable, at prices approximating at least cost of such inventory, in the ordinary course of business of the members of the Consolidated Group, and inventory that is slow moving or stale, (e) inventory that is (i) held or stored on premises not owned by a member of the Consolidated Group (or in transit to such premises) if (A) the owner of such premises has a Lien (whether by statute, contract or otherwise) on such inventory that is prior to the Lien in favor of the Collateral Agent under the Security Agreement, (B) a material amount of inventory is held or stored on such premises, (C) the Administrative Agent has reasonably requested (and not subsequently waived) that the owner of such premises deliver a lien subordination agreement for such premises, and (D) within forty-five (45) days following such request (or such longer period agreed to by the Administrative Agent) the owner of such premises has not entered into a lien subordination agreement in form and substance substantially similar to those delivered on the Closing Date or otherwise reasonably satisfactory to the Administrative Agent ("Other Premises Inventory") or (ii) consigned to a customer of a member of the Consolidated Group and appropriate steps have been taken under the Uniform Commercial Code as enacted in any applicable jurisdiction to perfect such member's interest in such inventory ("Consigned Inventory"), provided that (A) $1,000,000 of Other Premises Inventory and Consigned Inventory in the aggregate shall not be excluded by this clause (e) and (B) to the extent excluded by this clause (e), Other Premises Inventory shall be excluded only to the extent of the outstandi...
Consolidated Inventory means all inventory of the Borrower and its Subsidiaries as of such date determined on a consolidated basis in accordance with GAAP.
Consolidated Inventory means, as at any date of determination, the value (calculated as the lower of cost or market) of all Inventory of Company and its Subsidiaries as of such date as determined in accordance with GAAP."