Eligible WIP Inventory means all Eligible Inventory consisting of work-in-process (as determined in a manner acceptable to the Administrative Agent in its Permitted Discretion and consistent with past practices); provided that Eligible WIP Inventory shall not include Eligible Inventory consisting of work-in-process related to the manufacturing of solar panels or solar shingles.”
Eligible WIP Inventory means Inventory that qualifies as Eligible Inventory and consists of goods that are work in process.
Eligible WIP Inventory means Eligible Inventory consisting of work-in-process related to manufacturing of Inventory sold by any Collateral Party in the ordinary course of its business (as determined in a manner acceptable to the Administrative Agent in its Permitted Discretion and consistent with past practices).
Examples of Eligible WIP Inventory in a sentence
The value of Eligible WIP Inventory shall be the lower of the cost (excluding labor and overhead costs) or market value of the Eligible WIP Inventory computed in accordance with GAAP.
Inventory which is at any time Eligible WIP Inventory but becomes subject to any of the foregoing conditions shall no longer be Eligible WIP Inventory.
More Definitions of Eligible WIP Inventory
Eligible WIP Inventory means Eligible Inventory consisting of work-in-process and components (including cylinder components), determined in a manner consistent with the Current Appraisal.
Eligible WIP 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 work-in-process related to manufacturing of Inventory sold by any Collateral Party in the ordinary course of its business (as determined in a manner acceptable to the Administrative Agent in its Permitted Discretion and consistent with past practices).
Eligible WIP Inventory means Inventory that is excluded from the definition of Eligible Inventory by reason only of being work-in-process including components which are not part of finished goods and which are acceptable to Agent. General criteria for Eligible WIP Inventory may be established and revised from time to time by Agent. Any Inventory which is not Eligible WIP Inventory shall nevertheless be part of the Collateral.
Eligible WIP Inventory means all Eligible Inventory consisting of work-in-process (as determined in a manner acceptable to the Administrative Agent in its Permitted Discretion and consistent with past practices); provided that Eligible WIP Inventory shall not include Eligible Inventory consisting of work-in-process related to the manufacturing of solar panels or solar shingles.
Eligible WIP Inventory means all Eligible Inventory consisting of work-in-process related to the manufacturing of automobiles (as determined in a manner acceptable to the Administrative Agent in its Permitted Discretion and consistent with past practices).
Eligible WIP Inventory means inventory of the Company and the Guarantors consisting of work-in-process relating to the production of goods to be held by the Company or any Guarantor for sale in the ordinary course of business.
Eligible WIP Inventory means Eligible Inventory consisting of work-in-process related to the manufacturing of boats (as determined in a manner acceptable to the Administrative Agent in its Permitted Discretion and consistent with past practices).