Excluded Inventory definition

Excluded Inventory means (a) all raw materials utilized for the manufacture of active pharmaceutical ingredients (including precursors and starting material, excipients and reagents) necessary for Seller and its Affiliates to perform their obligations under the Supply Agreement, (b) all active pharmaceutical ingredients, placebos and other materials necessary for Seller to supply clinical trials pursuant to the Transitional Services Agreement, and (c) all work-in-progress materials (meaning bulk tablets and blisters) and raw materials and components (including excipients, inserts, labels and packaging materials) necessary for Seller and its Affiliates to perform their obligations under the Toll Manufacturing Agreement. For the avoidance of doubt, the Excluded Inventory that (i) is Related to the Program Business, (ii) remains reasonably usable (e.g., not expired) and (iii) is owned by Seller or one of its Affiliates immediately prior to the Closing shall be used by Seller and its Affiliates solely for purposes of performing their respective obligations under the Ancillary Agreements.

Excluded Inventory means any of the following inventory of goods, merchandise, or other inventory of Seller located at the Leased Premises: (a) all items in the Fresh Departments;

Excluded Inventory has the meaning set forth in Section 2.02(e).

Examples of Excluded Inventory in a sentence

• An approximation of the Excluded Inventory is described on Schedule 1.3(h).

• All inventory (including in-transit inventory), raw materials, fabric, packaging, finished goods, parts and supplies to the extent related primarily to the Garland Business, located at the Real Property (the “Purchased Inventory”), other than the Excluded Inventory.

• Any Excluded Inventory not timely removed from the Business by the Seller will be deemed abandoned and the Buyer may dispose of the Excluded Inventory as the Buyer deems appropriate and all proceeds from such disposition will belong to the Buyer.

• The Seller will have the right to remove all Excluded Inventory from the Business within forty-eight (48) hours and to return the Excluded Inventory or send it to a reclamation center for processing.

• At an agreed-upon date and time no later than two (2) days prior to the start of the Acquired Inventory verification at each Leased Premises, the Qualified Representatives shall tour the Leased Premises to agree upon items of Excluded Inventory and to ensure segregation of such items from the inventory to be counted in connection with the inventory verification.

More Definitions of Excluded Inventory

Excluded Inventory means (a) all inventory of the Retail Business supplied by a Specified Vendor that has not established a commercial relationship with Buyer prior to the Closing Date (including any additions to such inventory due to customer returns after the Closing or acquired by Sellers subsequent to the Closing in the ordinary course pursuant to purchase orders submitted prior to Closing) and (b) all Excluded European Inventory.

Excluded Inventory means (a) tobacco inventories for which title has passed to a customer and (b) Committed Inventories to the extent a customer is providing financing to the Company or any of its Subsidiaries for such Committed Inventories.

Excluded Inventory means (i) all Inventory other than the Acquired Inventory, (ii) all Inventory held by Sellers which is located at any site which is not a Property and (iii) for the avoidance of doubt, all Inventory located at any GOB Store.

Excluded Inventory means (i) doré, bullion, unrefined gold and refined gold on site or in transit to a smelter or refiner or held by a smelter or refiner for the account of a Barrick Party or a Newmont Party, as the case may be, or (ii) any finished inventory or inventory available for sale (including Phoenix concentrate and cathode finished goods inventory);

Excluded Inventory means any Inventory that has been identified by the Bank as being unacceptable for inclusion of calculation of the Borrowing Base Limitation because the Bank has determined that such Inventory is not readily saleable, such determination to be made in the Bank’s judgment, in good faith and based on information which, in its judgment, supports such determination.

Excluded Inventory means the Inventory which is not Purchased Inventory.

Excluded Inventory shall have the meaning set forth in Section 2.1(c).