Estimated Inventory definition

Estimated Inventory shall have the meaning set forth in Section 3.2(b).
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Estimated Inventory has the meaning specified in Section 2.5(a)(i).
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Estimated Inventory has the meaning given such term in Section 2.5(a).
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Examples of Estimated Inventory in a sentence

  • The Head of Public Protection and Licensing confirmed to a Member that the entirety of the pavement was public highway and the drainage grill did not indicate a border of ownership.

  • For the avoidance of doubt, Non-Ventev In-Transit Inventory shall not be included in the Estimated Inventory Value but shall be included as Purchased Assets and Inventory herein from and after receipt thereof by Buyer.

  • Other merchandise$ ____________________________ The above amounts are determined by: Actual Inventory ________________; Estimated Inventory _____________.

  • For the avoidance of doubt, if the Inventory Purchase Price equals the Estimated Inventory Purchase Price, no amounts will be due and payable.

  • The volume and description of the EDS Inventory used as the basis for preparing the Estimated Inventory Amount shall be based on the most recent month prior to Completion for which figures are available and as may be adjusted by the Seller in good faith to take account of any expected variations between the date of such stock-take and the expected Completion Date.

  • On the Closing Date, Buyer will pay (or cause to be paid) to Sellers, in cash by wire transfer of immediately available funds to the bank account(s) designated by Sellers, an aggregate amount equal to (i) $5,000,000, plus 2 (ii) the Transition Ventev Inventory Amount, plus (iii) the Estimated Inventory Value, minus (iv) the Inventory Holdback Amount, minus (v) the Deposit Amount.

  • Table 2-7: Inventory of material associated with DFGI and DPI pipelines and structures removalItemDescriptionMass (t)MetalsFerrous (steel - all grades) Estimated Inventory - InstallationsNon-ferrous metals 2%Ferrous metalsNon-ferrous metals Concrete 0%Plastics 0%98%NORM/Hazardous 0%Other 0%Total mass = 108 Te (excluding rock cover) Figure 2-1: Pie Chart of Estimated Inventories (Installations)Refer to section 2.1 and 7.1 of the Dunlin Subsea Decommissioning Environmental Statement for further details.

  • Estimated Inventory - Pipelines NORM/Hazardous 0% Other 2% 7%Ferrous metalsNon-ferrous metals37%Concrete40%PlasticsNORM/Hazardous Other14%Total mass = 1,612 Te (excluding rock cover) Figure 2-2: Pie Chart of Estimated Inventory (Pipelines)Refer to section 2.1 and 7.1 of the Dunlin Subsea Decommissioning Environmental Statement for further details.

  • This restriction and prohibition extends to persons and their conduct.

  • The Closing Payment will be adjusted upwards or downwards as follows: (i) if Estimated Inventory Value exceeds $9,000,000 (the “Inventory Value Target”), then the Closing Payment will be increased by such excess, and (ii) if the Estimated Inventory Value is less than the Inventory Value Target, then the Closing Payment will be reduced by the amount by which Estimated Inventory Value is less than the Inventory Value Target.


More Definitions of Estimated Inventory

Estimated Inventory as set forth on Schedule 2.2(b).
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Estimated Inventory shall be an amount based on Seller’s estimate of projected Final Inventory (as defined in Section 3.2(c)) as of the opening of business on the Closing Date (without giving any effect to the Closing or any step up or step down in value for financial reporting purposes as a result of the closing of the transactions contemplated by the Semiconductor Business Purchase Agreement) prepared on a basis consistent with past accounting practice of the Business as estimated in good faith by Seller and set forth in a certificate delivered by Seller to Purchaser, together with reasonable supporting documentation for the calculation thereof, not less than three (3) business days prior to the Closing Date, it being agreed that at the time of the delivery of such certificate and continuing thereafter Seller shall provide a reasonable opportunity for Purchaser to review such supporting documentation and discuss it in good faith with responsible representatives of Seller.
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Estimated Inventory has the meaning set forth in Section 2.4(a).
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Estimated Inventory means Seller’s good faith estimate of Inventory Amount as of the Effective Time.
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Estimated Inventory shall have the meaning specified in Section 2.1(b).
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Estimated Inventory means the estimated Inventory of the Company as of the close of business on the Closing Date, as set forth on the Closing Estimate delivered to Buyer pursuant to Section 2.06, determined on a consolidated basis in accordance with the Accounting Principles and the Company Accounts Schedule.
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Related to Estimated Inventory

  • Transferred Inventory has the meaning set forth in Section 2.2(a)(iii).

  • Inventory Value has the meaning set forth in Section 2.1.

  • Excluded Inventory shall have the meaning set forth in Section 2.4.

  • Consigned Inventory means Inventory of any Borrower that is in the possession of another Person on a consignment, sale or return, or other basis that does not constitute a final sale and acceptance of such Inventory.

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Obsolete Inventory means items that have expired, are redundant or

  • Eligible Inventory means and include Inventory of a Borrower, excluding work in process, valued at the lower of cost or market value, determined on a first-in-first-out basis, which is not, in Administrative Agent’s Permitted Discretion, obsolete, slow moving or unmerchantable and which Administrative Agent, in its Permitted Discretion, shall not deem ineligible Inventory, based on such considerations as Administrative Agent may from time to time deem appropriate including whether the Inventory is subject to a perfected, first priority security interest in favor of Administrative Agent and no other Lien (other than a Permitted Encumbrance). In addition, Inventory shall not be Eligible Inventory if it: (a) does not conform to all standards imposed by any Governmental Body which has regulatory authority over such goods or the use or sale thereof; (b) is Foreign In-Transit Inventory or in-transit within the United States; (c) is located outside the continental United States; (d) constitutes Consigned Inventory; (e) is the subject of an Intellectual Property Claim; (f) is subject to a License Agreement that limits, conditions or restricts the applicable Borrower’s or Administrative Agent’s right to sell or otherwise dispose of such Inventory, unless Administrative Agent is a party to a Licensor/Administrative Agent Agreement with the Licensor under such License Agreement (or Administrative Agent shall agree otherwise in its Permitted Discretion after establishing reserves against the Formula Amount with respect thereto as Administrative Agent shall deem appropriate in its sole discretion); (g) is situated at a location not owned by a Borrower unless the owner or occupier of such location has executed in favor of Administrative Agent a Lien Waiver Agreement (or Administrative Agent shall agree otherwise in its Permitted Discretion after establishing reserves against the Formula Amount with respect thereto as Administrative Agent shall deem appropriate in its Permitted Discretion); or (h) or if the sale of such Inventory would result in an ineligible Receivable.

  • Product Inventory means all inventory owned as of the Closing by Seller or any Affiliate thereof of finished Product that is in conformance with the Specifications and has an expiration date of October 1, 2016 or later, regardless of whether such inventory is held at a location or facility of Seller or any Affiliate (or of any other Person on behalf of Seller or any Affiliate, including in any of Seller’s warehouses, manufacturers, suppliers, distributors or consignees) or in transit to or from Seller or any Affiliate (or any such other Person).

  • Eligible Finished Goods Inventory means Inventory that qualifies as Eligible Inventory and consists of first quality finished goods held for sale in the ordinary course of Borrower’s business.

  • Inventories means “Inventories” as defined in the Uniform System of Accounts, such as provisions in storerooms, refrigerators, pantries and kitchens, beverages in wine cellars and bars, other merchandise intended for sale, fuel, mechanical supplies, stationery, and other supplies and similar items.

  • Inventory Formula Amount means the lesser of (i) 65% of the Value of Eligible Inventory; or (ii) 85% of the NOLV Percentage of the Value of Eligible Inventory.

  • Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Great American Group dated January 22, 2008 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraiser firm pursuant to Section 9.2(b).

  • Estimated Cash has the meaning set forth in Section 2.4(a).

  • Estimated Net Working Capital shall have the meaning set forth in Section 2.3(a).

  • Estimated Project Cost means Benchmark cost of MNRE which is Rs 8.00 Crore/MWp as per MNRE letter no. 03/20/2014-15/GCRT/11.12.14 at the time of Bid Due date.

  • Estimated Cost , for the purposes of rule 22, means the estimated cost to maintain, repair or replace a major capital item;

  • Estimated Working Capital has the meaning set forth in Section 2.3(a).

  • Net Book Value means the net book value of the relevant Supplier Asset(s) calculated in accordance with the depreciation policy of the Supplier set out in the letter in the agreed form from the Supplier to the Costumer of even date with this Call Off Contract;

  • Estimated revenue means the amount of revenue estimated to be received from all sources during the budget year in each fund for which a budget is being prepared.

  • Final Working Capital Statement has the meaning set forth in Section 2.04.

  • Quantity means either tonnage or volume, depending on which term is the standard in the mining industry for the type of mineral;

  • Quantity Surveyor means the quantity surveyor appointed by the Seller for the purposes of the Development;

  • Estimate means to be based on technical evaluation of the sources contributing to the discharge including, but not limited to, pump capabilities, water meters, and batch discharge volumes.

  • Estimated Closing Statement has the meaning set forth in Section 2.4(a).

  • Gross Book Value means, at any time, the book value of the assets of the REIT, as shown on its then most recent balance sheet, plus the amount of accumulated depreciation shown thereon.

  • Inventory Reserves means such reserves as may be established from time to time by the Agent in its Permitted Discretion with respect to the determination of the saleability, at retail, of the Eligible Inventory, which reflect such other factors as affect the market value of the Eligible Inventory or which reflect claims and liabilities that the Agent determines will need to be satisfied in connection with the realization upon the Inventory. Without limiting the generality of the foregoing, Inventory Reserves may, in the Agent’s Permitted Discretion, include (but are not limited to) reserves based on: