Eligible Finished Goods definition

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 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).

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.

Examples of Eligible Finished Goods in a sentence

• Total Eligible Finished Goods Inventory: $ RECONCILIATIONBorrower: Loan Number: Authorized Signature: Date: * A current listing and aging of accounts receivable and accounts payable are attached** Description of inventory and certification of values are attached.SAMPLE BORROWING BASE CERTIFICATE & REPORT TO LENDERFor the period ending: 20Date of last report: 20 Completed by all CAPLines asset-based sub-programs.

• Notwithstanding anything to the contrary contained herein, the aggregate amount of Eligible Finished Goods Inventory and Eligible Raw Materials Inventory owned by a Domestic Loan Party and located at one of the locations in the Netherlands as set forth on Schedule 4.25 to the Disclosure Letter and that is included in the Borrowing Base shall not exceed 10% of the Line Cap.

• 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.

• Any Inventory which is at any time Eligible Finished Goods Inventory, but which subsequently fails to meet any of the foregoing requirements, shall forthwith cease to be Eligible Finished Goods Inventory until such time as such Inventory shall meet all of the foregoing requirements.

• The following definitions are deleted from Section 1.01 of the Agreement: Active Excess Inventory, Active No Requirement Inventory, Eligible Arden Finished Goods Inventory; Eligible Arden Raw Materials Inventory; Eligible Finished Goods Inventory; Eligible Gift Inventory, Eligible Inventory, Eligible Raw Material Inventory, FFI Accounting System, Historical Inventory, Intercreditor Agreement, Seller Preferred, Senior Notes and Slow Moving Inventory.

More Definitions of Eligible Finished Goods

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.

Eligible Finished Goods means Finished Goods which constitute Eligible Inventory.

Eligible Finished Goods means, on any date, Eligible Inventory defined as Finished Goods by the Borrower or the Guarantors (as applicable) on such date as shown on the Borrower or the Guarantors' (as applicable) 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, Eligible Inventory that (a) is located in the United States and (b) constitutes finished goods to be sold by the Borrower in the ordinary course of business of the Borrower, excluding Eligible Raw Materials and Eligible Inventory constituting work-in-process.

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

Eligible Finished Goods in relation to any Obligor, means an amount equal to the lower of cost and the market value of the Inventory of such Obligor which consists only of finished goods (as determined by reference to Applicable Accounting Principles) and which is: