Eligible Raw Material Inventory definition

Eligible Raw Material Inventory means Inventory that qualifies as Eligible Inventory and consists of goods that are first quality raw materials.

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Eligible Raw Material Inventory means Eligible Inventory consisting of raw materials (as determined in a manner acceptable to the Administrative Agent in its Permitted Discretion and consistent with past practices).

Eligible Raw Material Inventory means Inventory that qualifies as Eligible Inventory and consists of goods that are first quality raw materials consisting of orthobiologics products (but not spinal fusion hardware products).

Examples of Eligible Raw Material Inventory in a sentence

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.
As to each item of Inventory that is identified by Borrowers as Eligible Finished Goods Inventory, Eligible Raw Material Inventory, or Eligible Work-In-Process 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.
The aggregate amount of Revolving Advances made to Borrowers against Eligible Raw Material Inventory shall not exceed in the aggregate, at any one time outstanding, the sum of $6,000,000 less the aggregate advances outstanding against Eligible Export-Related Raw Material Inventory under the Ex-Im Credit Agreement.
The aggregate amount of Revolving Advances made to Borrower against Eligible Raw Material Inventory shall not exceed in the aggregate, at any one time outstanding, the sum of $5,000,000 less the aggregate advances outstanding against Eligible Export-Related Raw Material Inventory under the Ex-Im Credit Agreement.
The aggregate amount of Revolving Advances made to Borrower against Eligible Domestic Finished Goods Inventory and Eligible Raw Material Inventory shall not exceed in the aggregate, at any one time outstanding, the sum of $7,500,000 less the aggregate advances outstanding against Eligible Export-Related Inventory Value under the Ex-Im Credit Agreement.

More Definitions of Eligible Raw Material Inventory

Eligible Raw Material Inventory means, at any time, Eligible Inventory constituting raw materials used or consumed by the Loan Parties in the ordinary course of business in the manufacture or production of other Inventory.

Eligible Raw Material Inventory means raw material Inventory of the Borrower meeting all of the requirements of clauses (a), (b), (c), (e), (f) and (g) of the definition of Eligible Inventory.

Eligible Raw Material Inventory means any raw material inventory as reflected on Borrower’s balance sheet.”

Eligible Raw Material Inventory has the meaning set forth in Schedule 1.1(b).

Eligible Raw Material Inventory means Eligible Inventory of (x) the U.S. Collateral Parties at such time, in the case of the U.S. Borrowing Base, or (y) the Canadian Collateral Parties at such time, in the case of the Canadian Borrowing Base, in each case consisting of raw materials (as determined in a manner acceptable to the Administrative Agent in its Permitted Discretion and consistent with past practices).

Eligible Raw Material Inventory means Eligible Inventory Consisting of Raw Materials;

Eligible Raw Material Inventory means Inventory that qualifies as Eligible Inventory and consists of goods that are first quality raw materials to the extent such goods are used to prepare Eligible Work-in-Process Inventory; provided, however, that, anything to the contrary contained herein notwithstanding, the value of such Inventory shall not include the value of any labor or other services rendered to produce such Inventory or the cost of converting such Inventory into Eligible Work-in-Process Inventory.