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.

Eligible Raw Material Inventory means Eligible Inventory consisting of raw materials.

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.

Examples of Eligible Raw Material Inventory in a sentence

• 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.

• 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 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 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.

More Definitions of Eligible Raw Material Inventory

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

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 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, 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.

Eligible Raw Material Inventory means as of any date, the aggregate value of all raw materials owned by Borrower, including, without limitation, all materials used or consumed or to be used or consumed in Borrower's business or in the processing, production, packaging, promotion, delivery or shipping of the same, excluding (i) inventory which is damaged, defective, obsolete or otherwise unsaleable in the ordinary course of Borrower's business, (ii) inventory which has been returned or rejected, and (iii) inventory subject to any consignment arrangement between Borrower and any other person or entity (if any). For purposes of this definition, Eligible Raw Material Inventory shall be valued at the lower of cost or market value.

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

Eligible Raw Material Inventory means all Eligible Inventory constituting raw material or sub-assemblies, other than “raw resin” inventory.

Eligible Raw Material Inventory means Inventory owned by Borrower which Lender, in its sole and absolute discretion, determines: (a) is subject to a first priority perfected Lien in favor of Lender and is subject to no other Liens whatsoever other than Permitted Liens; (b) is located on premises owned or operated by Borrower; (c) is located on premises with respect to which Lender has received a landlord, mortgagee or warehouse agreement acceptable in form and substance to Lender; (d) is not in transit; (e) is not covered by a negotiable document of title, unless such document and evidence of acceptable insurance covering such Inventory has been delivered to Lender; (f) is in good condition and meets all standards imposed by any governmental agency, or department or division thereof having regulatory Governmental Authority over such Inventory, its use or sale including the Federal Fair Labor Standards Act of 1938 as amended, and all rules, regulations and orders thereunder; (g) is currently either usable or can be assembled as components of