Inventory and Supplies definition

Inventory and Supplies means inventory and stock in trade, per IFRS, including (but not limited to) (i) items purchased for resale or use in the production of items for sale;
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Inventory and Supplies means all inventory and supplies that are used, held for use or useful solely or primarily in connection with the operation of the Business, including without limitation, raw materials, work-in-progress and finished goods, inventory and supplies in transit or on consignment and any and all other supplies stored, kept or maintained by or on behalf of Seller and its Subsidiaries, wherever located.
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Inventory and Supplies as defined in Section 1.1.
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Examples of Inventory and Supplies in a sentence

  • Fuel Inventory and Supplies We state fuel inventory and supplies at average cost.

  • The Central Inventory and Supplies Manager is responsible for all aspects of Shipping/Receiving in the Central Garage.

  • Promptly following the Effective Date, to the extent the Program Inventory and Supplies still exists and to the extent it is able to under the terms of the Xxxxxxx Agreement, Licensor shall (or shall cause Xxxxxxx to) assign, transfer and deliver the Program Inventory and Supplies to Dermira, and shall cause Xxxxxxx to take such additional steps and execute such additional documents as Dermira may reasonably request in order to effect such assignment, transfer and delivery.

  • BOX 1 Total Value of Inventory and Supplies Initial Animal Inventory Closing Animal Inventory Indentification of Animal Date Obtained Startin g Weigh t Starting Price or Value Comparison Price (Market Value) Kept Sold Name & Color ID Reg.

  • Rig Inventory and Supplies Inventories primarily consist of replacement parts and supplies held for use in the operations of the Company.

  • If not readily ascertainable, then the transfer of the relevant item of Inventory and Supplies shall be subject to agreement on pricing between the Service Provider’s Project Manager and the Service Recipient’s Project Manager.

  • Except as would not have a Material Adverse Effect, the Acquired Assets constitute and on the Closing Date will constitute all of the assets or property held on the date hereof and used or formerly used in the Business except the Excluded Assets and for items of Inventory and Supplies removed, sold, leased or otherwise disposed in accordance with Section 1.6. LTV Companies have good title to, or right by license, lease or other agreement to use, the Acquired Assets.

  • The usable Inventory and Supplies shall be valued at its invoiced price to Seller.

  • Note 7: Inventory and Supplies 2016 2015 (Restated – note 3 ) Stockpile ore $ 7,030 $ 13,368 Rough diamonds – work in progress 119,165 156,261 Rough diamonds – finished goods (available for sale) 94,631 66,486 Supplies inventory 195,320 238,876 Total inventory and supplies $ 416,146 $ 474,991 Total supplies inventory are net of a write-down for obsolescence of $7.5 million at January 31, 2016 ($5.7 million at January 31, 2015).

  • Upon receipt, Service Recipient shall visually inspect the FFE and/or Inventory and Supplies for any obvious physical damage and shall immediately notify Service Provider of the same upon discovery of any such damage.


More Definitions of Inventory and Supplies

Inventory and Supplies means all raw materials, work in progress, and finished product, and all packaging materials located at the Plant or the Warehouse Space on the Closing Date, including “In Progress” assets, but excluding any Excluded Assets. The Inventory and Supplies shall be counted and valued as set forth in Section 6.3 below.
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Inventory and Supplies means all inventory and supplies ordered by or owned by Seller that are used or will be used in the Business, for which payments (full or part) have been made or bills (full or part) for the payment thereof have been submitted to Seller or the Business, all in "as-is condition," excepting therefrom products located at Creative Beauty Innovators, Inc., Carollton, Texas for which payment in full has not been made as of the date hereof.
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Inventory and Supplies has the meaning set forth in Section 2.1.5 below.
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Inventory and Supplies has the meaning set forth in ss. 2.1.5 below.
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Related to Inventory and Supplies

  • 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.

  • 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.

  • Inventories means “Inventories” as defined in the Uniform System of Accounts, such as, but not limited to, provisions in storerooms, refrigerators, pantries and kitchens; beverages in wine cellars and bars; other merchandise intended for sale; fuel; mechanical supplies; stationery; and other expensed supplies and similar items.

  • Machinery and equipment shall have the meaning specified in Section 1.1(c).

  • Product Inventory means all inventory of the Product owned by Seller or its Affiliates as of the Closing, including raw materials, work-in-process, bulk form drug and finished Product.

  • 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;

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

  • Inventory Tracking System means the required tracking

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

  • Qualified machinery and equipment means all new industrial

  • Transit means the passage of a third country national or a stateless person through the territory of the Requested State while travelling from the Requesting State to the country of destination;

  • Inventory Formula Amount means (i) the lesser of (x) 75% of the Value of Eligible Inventory and (y) 85% of the NOLV Percentage of the Value of Eligible Inventory plus (ii) the lesser of (x) the lesser of (1) 75% of the Value of Eligible In-Transit Inventory and (2) 85% of the NOLV Percentage of the Value of the Eligible In-Transit Inventory and (y) $10,000,000.

  • Eligible Inventory means and include Inventory, excluding work in process, with respect to each Borrower, valued at the lower of cost or market value, determined on a first-in, first-out basis, which is not obsolete, slow moving or unmerchantable as determined by Agent in its Permitted Discretion and which Inventory, based on such considerations as Agent may from time to time deem appropriate in its Permitted Discretion including whether the Inventory is subject to a perfected, first priority security interest in favor of Agent and no other Lien (other than a Permitted Encumbrance). Notwithstanding anything herein to the contrary, no Inventory shall be Eligible Inventory to the extent such Inventory was acquired by a Borrower pursuant to an entity creation under Section 7.12 or a Permitted Acquisition, unless Agent has (i) completed field examinations with respect to such Inventory, the results of which are satisfactory in form and substance to Agent in its Permitted Discretion or (ii) waived such restriction in its Permitted Discretion. In addition, Inventory shall not be Eligible Inventory if it: (a) does not conform in all material respects to all standards imposed by any Governmental Body which has regulatory authority over such goods or the use or sale thereof; (b) is in transit (other than between one or more locations where Borrowers are permitted hereunder to maintain or store Inventory and such location is the subject of a Lien Waiver Agreement or a Processor’s Agreement, as applicable, unless such location is owned by Borrower); (c) is located outside the continental United States or at a location that is not otherwise in compliance with this Agreement; (d) constitutes Consigned Inventory (other than Consigned Inventory that is subject to a warehouseman’s waiver in form and substance satisfactory to Agent); (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 Agent’s right to sell or otherwise dispose of such Inventory, unless Agent is a party to a Licensor/Agent Agreement with the Licensor under such License Agreement (or Agent shall agree otherwise in its Permitted Discretion after establishing reserves against the Formula Amount with respect thereto as Agent shall deem appropriate in its Permitted Discretion); (g) at any time following seventy-five (75) days after the Closing Date (or such later date agreed to by Agent), is situated at a location not owned by a Borrower unless the owner or occupier of such location has executed in favor of Agent a Lien Waiver Agreement or a Processor’s Agreement, as applicable (or Agent shall have established reserves against the Formula Amount with respect thereto as Agent shall deem appropriate in its Permitted Discretion in an amount not to exceed the equivalent of three (3) months’ rental obligation with respect to such location); or (h) if the sale of such Inventory would result in the creation of a Receivable which, on the date of such sale, would fail to constitute an Eligible Receivable due to the operation of any of clauses (b), (c) or (e) – (p) of such definition.

  • Eligible Finished Goods Inventory means all Finished Goods Inventory that is Eligible Inventory.

  • In-Transit Inventory means Inventory of a Borrower which is in the possession of a common carrier and is in transit from a Foreign Vendor of a Borrower from a location outside of the continental United States to a location of a Borrower that is within the continental United States.

  • Raw Materials means all raw materials, supplies, components and packaging necessary to manufacture and ship the Product in accordance with the Specifications, as provided in Exhibit A, but not including the API.

  • Locations mean one or more of the healthcare or other facilities owned by the Borrower on the Property as identified on Schedule 1.1(a) hereto.

  • Excess Inventory means all Inventory and Special Inventory possessed or owned by Flextronics that is not required for consumption to satisfy the next [***] of demand for Products under the then-current purchase order(s) and forecast.

  • Plant and Equipment means permanent plant, equipment, machinery, apparatus, articles and things of all kinds to be provided and incorporated in the Facilities by the Contractor under the Contract (including the spare parts to be supplied by the Contractor under GCC Sub-Clause 3.3 hereof), but does not include Contractor’s Equipment.

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

  • Fixtures and Equipment means, with respect to any Person, all of the furniture, fixtures, furnishings, machinery and equipment owned or leased by such Person and located in, at or upon the Assets of such Person.

  • Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Great American Group dated June 2007 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraisal firm pursuant to Section 9.2(b).

  • Standard equipment means the basic configuration of a vehicle which is equipped with all the features that are required under the regulatory acts of the Contracting Party including all features that are fitted without giving rise to any further specifications on configuration or equipment level.

  • Property, Plant and Equipment means any item of real property, or any interest therein, buildings, improvements and machinery.

  • Qualified Inventory means all Raw Materials Inventory, Semi-Finished Goods and Scrap Inventory and Finished Goods Inventory held by a Credit Party in the normal course of business and owned solely by such Credit Party (per plant level records whereby manufactured items are valued at pre-determined costs and purchased items are valued at rolling average actual cost).

  • Consumables means where the context permits, Digital Print Consumables, Inkjet Printing System Consumables and Prepress Consumables.