Designated Inventory definition

Designated Inventory means the items of Inventory set forth on Schedule 1.1(a).

Designated Inventory means all of the Company’s now owned or hereafter existing acquired goods, wherever located, which (a) are leased by the Company as lessor, (b) are held by the Company for sale or lease or to be furnished under a contract of service, (c) are furnished by the Company under a contract of service, or (d) consist of raw materials, work in progress, finished goods or materials used or consumed in a business, provided that the term “Designated Inventory” shall not include Designated Equipment.

Designated Inventory has the meaning set forth in Section 2.07(a).

Examples of Designated Inventory in a sentence

• To the extent Amarin effects any repurchases at a price higher than that set forth in Schedule 11.3, the quantity of Designated Inventory that Amarin shall seek to repurchase from the relevant Key Wholesaler(s) (as set forth on Schedule 11.3) will be proportionately reduced.

• The Borrower will not permit at any time the amount of the Borrower's and its Subsidiaries' consolidated Senior Funded Debt to exceed the sum of 80% of the value of Designated Accounts plus 50% of the value of Designated Inventory (valued at the lower of cost or market value), such Designated Accounts and Designated Inventory as in existence at the end of the Borrower's most recently completed fiscal quarter.

• Under the Repurchase Agreements, Amarin shall seek to repurchase the quantities of inventory set forth in Schedule 11.3 hereto (the “Designated Inventory”) at the prices indicated therein; provided, however, that in Amarin’s sole discretion it may repurchase any portion of the Designated Inventory at prices exceeding those set forth in Schedule 11.3, up to a maximum of 10% above the scheduled prices.

• All proceeds from the sale of any Designated Inventory sold after the second anniversary of the Closing Date shall be retained by the Surviving Corporation and no amounts from such sales shall be owed to any of the Selling Stockholders.

• The inventory set forth in Annex 5 attached hereto is hereinafter called the "Designated Inventory".

More Definitions of Designated Inventory

Designated Inventory means all of Assignor’s now owned or hereafter existing acquired goods, wherever located, which (a) are leased by Assignor as lessor, (b) are held by Assignor for sale or lease or to be furnished under a contract of service, (c) are furnished by Assignor under a contract of service, or (d) consist of raw materials, work in progress, finished goods or materials used or consumed in a business, provided that the term “Designated Inventory” shall not include Designated Equipment.

Designated Inventory means such inventory contemplated by such inventory plan in form and substance satisfactory to the Buyer and the Sellers, as the Buyer and Sellers may agree to prior to the Procedures Entry Date (the “Inventory Plan”); provided, however, upon mutual written agreement of Buyer and Sellers, the Designated Inventory may be modified to include the acquisition of inventory not provided for in the Inventory Plan or the purchase of inventory items in amounts different from those provided for in the Inventory Plan.

Designated Inventory means all of the Mortgagor’s now owned or hereafter existing acquired goods, wherever located, which (a) are leased by the Mortgagor as lessor, (b) are held by the Mortgagor for sale or lease or to be furnished under a contract of service, (c) are furnished by the Mortgagor under a contract of service, or (d) consist of raw materials, work in progress, finished goods or materials used or consumed in a business, provided that the term “Designated Inventory’ shall not include Designated Equipment.

Designated Inventory means inventory located within the continental United States of America or any province of Canada other than Quebec; provided that the aggregate amount of Designated Inventory located in Canada shall not exceed $4 million in Canadian Dollars (valued at cost) at any one time.

Designated Inventory has the meaning set forth in Section 4.24.

Designated Inventory means the Inventory set forth on Schedule A annexed to Amendment No. 3 to Consent to Supplemental Loan under Loan and Security Agreement among Borrowers, Lenders and Agent dated as of July 24, 2007.

Designated Inventory means inventory located within the continental United States of America, the United Kingdom, France, Spain, Germany, Netherlands, or any province of Canada other than Quebec.