Inventory Item definition

Inventory Item means any of the items associated with the groups of assets described in the Trunk Roads Information Manual and the Transport Scotland Structures Manual.
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Inventory Item means any spare part, accessory or consumable that has been agreed by both Parties to be held at all times by the Supplier in readiness for use for fitment to the Product.
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Examples of Inventory Item in a sentence

  • Board-initiated exceptions: If a Board member initiates an action whereby an exception to competitive procurement is likely to occur (e.g., through a Bud- get Inventory Item or Board Referral identifying a particular vendor), the Board member shall request Board approval of the use of the exception to competitive procurement at the same time as the request for approval of the related item.

  • ITEM Required field (defaults if setting up file from the Inventory Item screen prompt: Add a warehouse record Y/N).

  • Per reference (b), Marine Corps supply and storage activities will devote resources and select items for physical inventory to support the populations designated by Controlled Inventory Item Code (CIIC).

  • Exhibit 1-2: Strategic Topic Inventory Item Sample shows a screen capture example of a populated strategic topic.

  • When issuing you will need to know: Item CodeThe Inventory Item CodeQuantityHow many items are being issuedSub-inventoryWhich sub-inventory it is in e.g. ASSETUOMWhat Unit of Measure are you issuing in?Account CodeWhich account are these goods being paid for?ReferencePresent policy dictates that you enter the requisition number and the name of the person who collected the goods from storesEntering a Stock Issue/Return to a departmental account 1.

  • MCI shall have access to the warehouse during CellStar's normal working hours, upon two (2) hours prior notice to CellStar, for the purpose of inspecting Inventory Items, evaluating damaged Inventory Items, performing Inventory Item counts and other reasonable requirements.

  • The assigned DNR REP is responsible for reviewing and accepting the report by the first of the following month.EMOR is set up so that once the operator Completes the data entry for each Inventory Item, the Submit button will appear.

  • Get the tool: jboss.org/products/fuse Aggregator Inventory Inventory Inventory Item 1 Item 2 Item 3 Aggregator Inventory Order Use a stateful filter, an Aggregator, to collect and store individual messages until it receives a complete set of related messages.

  • The price for each Inventory Item shall be the cost to MSC of each such Inventory Item plus 5%.

  • Note: We recognize that the M15 Inventory Item Master File trigger event and the IIM inventory item master segment is a limited implementation.

Related to Inventory Item

  • 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

  • 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.

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

  • 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.

  • Finished Goods means completed goods which require no additional processing or manufacturing to be sold to third party customers by the Loan Parties in the ordinary course of business.

  • Contract Item or “Contract Items” means the list of items identified in Section

  • 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 Material means any unprocessed material in its raw or natural state that is intended to become part of the components of a cannabis product.

  • Inventory Reserves means such reserves as may be established from time to time by the Administrative Agent in the Administrative Agent’s Permitted Discretion with respect to the determination of the saleability, at retail, of the Eligible Inventory or which reflect such other factors as may adversely affect the market value of the Eligible Inventory. Without limiting the generality of the foregoing, Inventory Reserves may, in the Administrative Agent’s Permitted Discretion, include (but are not limited to) reserves based on:

  • Accounts Receivable means in respect of any Person, (a) all trade accounts and notes receivable and other rights to payment from customers and all security for such accounts or rights to payment, including all trade accounts receivable representing amounts receivable in respect of goods shipped or products sold or otherwise disposed of or services rendered to customers, (b) all other accounts and notes receivable and all security for such accounts or notes, and (c) any claim, remedy or other right relating to any of the foregoing.

  • Unsaleable liquor merchandise means a container that:

  • Eligible In-Transit Inventory means, as of any date of determination thereof, without duplication of other Eligible Inventory, In-Transit Inventory: