Domestic Inventory definition

Domestic Inventory means, collectively with respect to any Credit Party, all “inventory” as defined in the UCC of such Credit Party located in the United States of America including, without limitation, all goods manufactured or acquired for sale and all raw materials, work-in-process and finished goods, and all supplies and goods, used or consumed in the operation of the business of such Credit Party, whether now or hereafter acquired, located in the United States of America.

Domestic Inventory mean the Inventory of the Borrower and any Domestic Subsidiary that is located in the United States of America, any state thereof or the District of Columbia.

Domestic Inventory means inventory owned by the Company or any Subsidiary and located in the United States.

Examples of Domestic Inventory in a sentence

• Are International and Domestic Inventory Controls and Procedures consistent?Yes NoComputer Controls 1.

• If at any time or times hereafter any Account Debtor returns any Domestic Inventory of any Credit Party the shipment of which generated an account on which such Account Debtor is obligated in excess of $250,000, the Borrower shall notify the Collateral Agent of the same immediately, specifying the reason for such return and the location and condition of the returned Domestic Inventory.

• The principal balance of the Revolving Loan shall not exceed an amount equal to the lesser of (i) $13,000,000.00, or (ii) the sum of (A) 80% of Eligible Domestic Accounts (as hereinafter defined), PLUS (B) 30% of Eligible Domestic Inventory (as hereinafter defined), PLUS (C) 90% of Eligible Domestic Machinery and Equipment (as hereinafter defined) (collectively, the "Borrowing Base").

• Monthly perpetual inventory reports for the Inventory valued on a first-in, first-out basis at the lower of cost or market (in accordance with GAAP) or such other inventory reports as are requested by Bank in its good faith business judgment, all within fifteen days after the end of each month (when Eligible Domestic Inventory is included in the Domestic Borrowing Base).

• After normalization, statistics of the 1974 image were very similar to the 1992 image (table 2).

More Definitions of Domestic Inventory

Domestic Inventory means inventory located within the continental United States of America.

Domestic Inventory means Inventory (i) owned by the Company and (ii) located in the United States of America.

Domestic Inventory of a person means corporeal movable property that the person acquires in Québec or brings into Québec, for the purpose of selling the property separately for consideration in the ordinary course of a business carried on by the person;

Domestic Inventory means all Inventory other than Export Inventory.

Domestic Inventory means all inventory of the BORROWER which is located in the State of Florida, United States of America, encumbered by a UCC-1 in favor of BANK and held for sale to customers in the United States of America. Domestic Inventory shall include only finished products.

Domestic Inventory means all Inventory of (i) TNFI located in the United States and Canada and (ii) La Sportiva USA located in the United States, in each case, in which Collateral Agent maintains a first priority perfected security interest.

Domestic Inventory means a Borrower’s Inventory located in the United States.