Eligible Finished Goods definition

Eligible Finished Goods the Eligible Inventory of the Company or any Subsidiary Guarantor that is classified, consistent with past practice, on the Company’s or such Subsidiary Guarantor’s accounting system as “finished goods” (including tote).

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Eligible Finished Goods means, at any time, Eligible Inventory consisting of finished goods (other than Eligible Third Party Logistics Goods) which the Administrative Agent determines in its Permitted Discretion, following consultation with the U.S. Borrower (but without any requirement for the U.S. Borrower’s consent), is eligible for inclusion in the applicable Borrowing Base.

Eligible Finished Goods means, Eligible Inventory constituting finished goods to be sold by the Loan Parties in the ordinary course of business, excluding Inventory constituting work-in-process, component Inventory or raw materials used or consumed by the Loan Parties in the ordinary course of business in the manufacture or production of other Inventory.

Examples of Eligible Finished Goods in a sentence

Notwithstanding the foregoing, but without duplication, Eligible Finished Goods Inventory shall be reduced by the amount of any specific reserve established by the Borrower with respect to any Eligible Finished Goods Inventory other than the LIFO reserve maintained by the Borrower in accordance with generally accepted accounting principles.
Eligible Finished Goods Inventory, Eligible Work-in-Process and Eligible Raw Materials.
As to each item of Inventory that is identified by Borrowers as Eligible Finished Goods Inventory, or Eligible Raw Materials Inventory in a Borrowing Base Certificate submitted to Agent, such Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than any Agent-discretionary criteria) set forth in the definition of Eligible Inventory.
When calculating the Eligible Receivables, Eligible Finished Goods, the Eligible Raw Materials or Trade Payables of any Obligor such calculation shall be made in the Local Currency of such Obligor.
As to each item of Inventory that is identified by Borrowers as Eligible Inventory, Eligible Finished Goods Inventory, or Eligible Raw Materials Inventory in a Borrowing Base Certificate submitted to Agent, such Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than any Agent-discretionary criteria) set forth in the definition of “Eligible Inventory”.

More Definitions of Eligible Finished Goods

Eligible Finished Goods means Finished Goods which constitute Eligible Inventory.

Eligible Finished Goods means, on any date, the Inventory Value of all Eligible Inventory of the Borrower and each other Grantor defined as Finished Goods by the Borrower on such date as shown on the Borrower’s perpetual inventory records in accordance with its current and historical accounting practices.

Eligible Finished Goods means, on any date, Eligible Inventory defined as Finished Goods by the Borrower or a Guarantor on such date as shown on the Borrower's or such Guarantor's perpetual inventory records in accordance with its current and historical accounting practices.

Eligible Finished Goods means, at the time of any determination thereof, Eligible Inventory defined as Finished Goods by the Borrower on such date as shown on the Borrower's perpetual inventory records in accordance with its current and historical accounting practices.

Eligible Finished Goods means the Eligible Inventory of the Borrower that is classified, consistent with past practice, on the Borrower’s accounting system as “finished goods”.

Eligible Finished Goods means the Eligible Inventory of any Loan Party that is classified, consistent with past practice, on such Loan Party’s accounting system as “finished goods.”

Eligible Finished Goods has the meaning given to such term in Clause 6.10.