Inventory property definition

Inventory property means property in the possession of the division that is
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Inventory property means property in the possession of the division that is available for purchase by an agency or the public.
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Inventory property means any real property, or interest in real property, together with all improvements thereon held for sale or lease by any Credit Party in the ordinary course of its business.
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Examples of Inventory property in a sentence

  • Custodial property may be leased pending fore- closure with the servicing official ap- proving the lease on behalf of the Agency.(2) Inventory property.

  • Inventory property located in areas identified by the Federal Insur- ance Administration as special flood or mudslide hazard areas will not be leased or operated under a manage- ment contract without prior written notice of the hazard to the prospective lessee or tenant.

  • Inventory property is measured at the lower of cost and net realisable value.

  • Inventory property comprises land and buildings that are intended for sale in the ordinary course of business or in the process of construction or development for such a sale, primarily property acquired with a view to subsequent disposal in the near future or for development and resale.

  • Inventory property will be leased for an amount equal to that for which similar properties in the area are being leased or rented (market rent).

  • Significant estimates and jugdements Inventory property The net realizable value is the estimated as selling price adjusted for the total cost of completion.

  • Except as expressly provided herein, the Inventory, property and Equipment included in the Transferred Assets are being sold, transferred and conveyed on an "AS IS, WHERE IS" condition, and the Seller makes NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THEIR MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR AS TO THEIR CONDITION.

  • Inventory property cost includes freehold land, amounts paid to contractors for construction, borrowing costs, planning and design costs, costs of site preparation, professional fees for legal services, property transfer taxes, construction overheads and other related costs.

  • AIRCO and AIRS are now, and on the Closing Date will be, corporations duly organized, validly existing and in good standing under the laws of the State of Kansas, have all requisite corporate power and authority to own its Inventory, property and assets and carry on its business.

  • Once the cleanup is complete, this site will be shovel ready to create a public park and recreation area that will revitalize the community, remove blight, and address a Georgia Hazardous Site Inventory property plaguing the community.


More Definitions of Inventory property

Inventory property means any property determined (or, upon acquisition or other consolidation by the Issuer or any of its Subsidiaries, would be determined) as an inventory property by reference to the Consolidated Financial Statements of the Issuer (or any equivalent item, as the case may be).
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Inventory property has the meaning given it in Section 2.2.
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Inventory property means property in the possession of the division that is 58 available for purchase by an agency or the public. 59 [(4)] (5) "Judicial district" means a geographic district established by Section 60 78A-1-102. 61 [(5)] (6) "Person with a disability" means a person with a severe, chronic disability 62 that: 63 (a) is attributable to a mental or physical impairment or a combination of mental and 64 physical impairments; and 65 (b) is likely to continue indefinitely. 66 [(6)] (7) "Personal handheld electronic device": 67 (a) means an electronic device that is designed for handheld use and permits the user to 68 store or access information, the primary value of which is specific to the user of the device; and 69 (b) includes a mobile phone, pocket personal computer, personal digital assistant, or 70 similar device. 71 [(7)] (8) "Property act" means the Federal Property and Administrative Services Act of 72 1949, 40 U.S.C. Sec. 549. 73 (9) "State surplus property" means surplus property that is not: 74 (a) a vehicle; or 75 (b) federal surplus property. 76 (10) "State surplus property contractor" means the person described in Section 77 63A-2-410 that the state contracts with to administer the state's program for the disposition of 78 state surplus property. 79 [(8)] (11) (a) "Surplus property" means property that an agency: 80 (i) intends [for disposal] to divest itself of; and 81 (ii) has acquired by purchase, seizure, or donation. 82 (b) "Surplus property" does not include: 83 (i) real property; Öº [or] 83a (ii) assets of the School and Institutional Trust Lands Administration; or 84 [(ii)] (iii) »Ö an aluminum can or an item made primarily of paper, plastic, or cardboard 84a that is: 85 (A) discarded; and 86 (B) recyclable. 87 [(9) "Transfer" means transfer of surplus property without cash consideration except
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Inventory property means all inventory held by Car Sales and Car Sales Florida in the ordinary course of business, all Certificates of Title with respect thereto, and all proceeds of the foregoing (other than proceeds which constitute Contracts or Contract Collateral).
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Related to Inventory property

  • 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.

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

  • 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;

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

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

  • 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.

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

  • 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.

  • Unimproved Land means land on which no development (other than improvements that are not material and are temporary in nature) has occurred.

  • Joint Property means property that is owned by 2 or more persons with rights of survivorship, and includes a tenancy by the entireties in real property, a tenancy in personal property as provided in section 1 of 1927 PA 212, MCL 557.151, a joint tenancy, a joint tenancy with rights of survivorship, and a joint life estate with contingent remainder in fee. For purposes of this part, joint property is considered to consist of a present interest and a future interest. The future interest is the right of survivorship.

  • 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.

  • Borrowing Base Property means any one of the Borrowing Base Properties.

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

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  • Borrowing Base Properties means the Oil and Gas Properties of the Credit Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 9.14.

  • Transferred Real Property means (a) the Transferred Owned Real Property and (b) the premises that is subject to the Transferred Real Property Leases.

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.

  • Developed Property means all Assessor’s Parcels of Taxable Property for which Building Permits were issued on or before May 1 of the prior Fiscal Year, provided that such Assessor's Parcels were created on or before January 1 of the prior Fiscal Year and that each such Assessor's Parcel is associated with a Lot, as determined reasonably by the Board.

  • 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).

  • Real Property Assets means as to any Person as of any time, the real property assets (including, without limitation, interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.

  • Excluded Real Property means (a) any fee-owned real property with a purchase price (in the case of real property acquired after the Effective Date) or Fair Market Value (in the case of real property owned as of the Effective Date, with Fair Market Value determined as of the Effective Date) of less than $3,500,000 individually, (b) any real property that is subject to a Lien permitted by Sections 6.02(iv), (xix), (xxii), (xxiii), (xxviii) or (xxxi), (c) any real property with respect to which, in the reasonable judgment of the Term Administrative Agent (confirmed by notice to the Borrower) the cost (including as a result of adverse tax consequences) of providing a Mortgage shall be excessive in view of the benefits to be obtained by the Lenders, (d) any real property to the extent providing a mortgage on such real property would (i) be prohibited or limited by any applicable law, rule or regulation (but only so long as such prohibition or limitation is in effect), (ii) violate a contractual obligation to the owners of such real property (other than any such owners that are the Borrower or Affiliates of the Borrower) that is binding on or relating to such real property (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code) but only to the extent such contractual obligation was not incurred in anticipation of this provision or (iii) give any other party (other than the Borrower or a wholly-owned Restricted Subsidiary of the Borrower) to any contract, agreement, instrument or indenture governing such real property the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law) and (e) any Leasehold.

  • Operating Equipment means furniture, furnishings, special lighting fixtures, carpeting, draperies, decorations or other special finishing work, signs, appliances and trade fixtures and equipment that is furnished, installed or used by the Contractor in its operations on the Airport. It does not include Fixed Improvements, or repair or maintenance of Operating Equipment or Fixed Improvements or displays or decorations that are of a seasonal or temporary promotional nature.

  • 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.

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Personal Property means any machinery, equipment, tools, vehicles, furniture, leasehold improvements, office equipment, plant, parts and other tangible personal property.