Eligible Inventory Value means at the time of any determination thereof the lower of cost or posted market value of the Eligible Inventory at such time, net of inventory reserves, determined on a basis consistent with the financial statements referred to in Section 3.05.
Eligible Inventory Value means, at any time, the value of your inventory, determined at the lower of cost and market on a first in, first out basis. For purposes of this valuation we exclude any inventory (i) that is work-in-progress; (ii) that is not located in Canada; (iii) that is not subject to the applicable duly perfected Liens created by the Security; (iv) that is subject to any Lien not specifically permitted by us; (v) that may be seized by your landlord; (vi) that is obsolete or not readily saleable in the ordinary course of business; (vii) that has not been paid for in full and is subject to a right of repossession; or (viii) that is otherwise excluded by us in our reasonable discretion.
Eligible Inventory Value means, as of any date of determination, the gross book value of all Eligible Inventory as of such date.
Examples of Eligible Inventory Value in a sentence
No later than five (5) days after the Inventory Completion Date, Sellers shall prepare a statement (“Pre-Closing Inventory Statement”) of the Eligible Inventory Value as of the Closing Date based upon such physical inventory count (“Pre-Closing Eligible Inventory Value”).
For the purposes of determining the Equivalent Amount on any particular date the same rate of exchange will be applied to both the conversion of Eligible Accounts Receivable, Eligible Inventory Value and Outstandings on such date.
More Definitions of Eligible Inventory Value
Eligible Inventory Value means the value, determined in accordance with generally accepted accounting principles consistently applied with past practice of the Issuer of the inventories of the Issuers’ and its subsidiaries’ products located in the Americas that are not in transit, work in progress, damaged, defective, obsolete or unmerchantable.
Eligible Inventory Value means at the time of any determination thereof the lower of cost (less any appropriate revaluation reserves or reserve for obsolete Inventory and any profits accrued in connection with transfers of Inventory between plants of the Borrower) or fair market value of the Eligible Inventory at such time, in dollars, determined in accordance with the Borrower's historical standard cost accounting practices less the Reserve for Variances.
Eligible Inventory Value means the value of Borrower’s raw materials and finished goods inventory as determined in accordance with GAAP consistently applied by Borrower.
Eligible Inventory Value means at the time of any determination thereof the lower of cost or market value determined on a first-in, first-out basis (less any appropriate reserve for obsolete inventory so long as such reserve is for inventory which is otherwise eligible) of the Eligible Inventory at such time, in dollars, determined on a basis consistent with the current and historical accounting practice of the Borrower.
Eligible Inventory Value means, at the time of any determination thereof with respect to any item of Eligible Inventory, the lower of cost based on FIFO accounting (less any profits accrued in connection with inter-company transfers, determined in accordance with GAAP and in a manner consistent with past accounting practices of the Company and the Subsidiaries) and the fair market value of such Eligible Inventory.
Eligible Inventory Value shall have the meaning ascribed to such term in the definition of Eligible Inventory.
Eligible Inventory Value means at the time of any determination thereof the lower of cost (less any appropriate reserve for obsolete inventory and any profits accrued in connection with transfers of inventory between the Borrower and its Subsidiaries or between Subsidiaries of the Borrower) and fair market value of the Eligible Inventory at such time, in dollars, determined in accordance with generally accepted accounting principles consistently applied, and effective upon delivery of the Initial Financial Statements, on a basis consistent with that used in the preparation of the Initial Financial Statements.