Inventory Surplus definition

Inventory Surplus means the amount by which the Inventory Value calculated in accordance with Section 3.3 exceeds the Target Inventory Value; provided, however, that if the Inventory Value does not exceed the Target Inventory Value by ten percent (10%) or more, there shall be deemed to be no Inventory Surplus for purposes of the Purchase Price adjustment.
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Inventory Surplus means the amount, if any, by which the Closing Inventory exceeds the Inventory Threshold.
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Inventory Surplus has the meaning set forth in Section 2.4(f).
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Examples of Inventory Surplus in a sentence

  • Asset Inventory Surplus Refers to the newly-added assets that are found by the buyer and the sellers by way of on-site stocktaking and have not been stated on the sellers’ accounts.

  • The additional Off-Peak hours of service may be reduced or withdrawn in their entirety upon notice by the Company to be given not less than four (4) hours before the start of any Off-Peak period.

  • OTHER OPERATING INCOME 2018 2017 Inventory Surplus 1644Financial government support 681415Other operating income 296 463 Total 993 922 6.

  • Emergency Shelter and Transitional Housing (Crisis Housing, Rapid Rehousing and PermanentSupportive Housing) O O Evaluate Property Units Negotiate Lease – Master Leasing Write RFP and Secure Program Manager through RFP Develop criteria with TACOO Provide Rental Assistance through RFPOO Establish Sky Valley Housing ConsortiumXO Inventory Surplus Property Identify Housing NeedsOX Work with TAC to identify partners and available funding X B.

  • The Closing cash payment to be made by the Buyer to the Seller for all of the Purchased Assets shall be that amount equal to (i) the Base Purchase Price, plus or minus (ii) the Inventory Surplus or Inventory Shortfall, as applicable and as provided in Section 2.6(a) and minus (iii) the PTO Credit as provided in Section 5.5 (the “Closing Payment”).

  • Crystal Brady, Police Chief, reported on the declaration of the VPD Weapon Inventory Surplus for Auction or Destruction.

  • Emergency Shelter and Transitional Housing (Crisis Housing, RapidRehousing and Permanent Supportive Housing) O Evaluate Property Units Negotiate Lease – Master Leasing Write RFP and Secure Program Manager through RFP Develop criteria with TAC Provide Rental Assistance through RFP O Establish Sky Valley Housing ConsortiumX Inventory Surplus Property Identify Housing NeedsO Work with TAC to identify partners and available funding B.

  • As for Assets as Inventory Surplus, take photos, record door lock type and completeness, take down KWH meter readouts, and handover access cards and keys.

  • The aggregate consideration (collectively, the “Purchase Price”) to be paid by the Purchasers for the Purchased Assets shall be $26,474,936 plus or minus the Closing Inventory Surplus Amount or Closing Inventory Deficit Amount, as applicable (the “Cash Consideration”), which shall be paid by the Purchasers in cash in accordance with Section 2.5 (and subject to post-Closing adjustment as provided in Section 2.7), below, plus the assumption of the Assumed Liabilities.

  • If the Plan is ever terminated, participants will be fully vested in all amounts credited to their Matching Contribution Account.


More Definitions of Inventory Surplus

Inventory Surplus shall have the meaning as defined in Section 2.1.
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Inventory Surplus means with respect to each type of Inventory set forth on Schedule 4.07(b)(i), the excess, if any, of the Closing Inventory Amount over the Target Inventory Amount.
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Inventory Surplus means, with respect to each Closing Inventory Amount, (i) if such Closing Inventory Amount exceeds the applicable Inventory Target by more than 2.5% of such Inventory Target, then the amount by which such Closing Inventory Amount exceeds such Inventory Target, or (ii) otherwise, $0; provided that if the aggregate amount, stated in United States Dollars (with any amount in Canadian Dollars or Mexican Pesos being converted for this purpose using the applicable closing spot exchange rate for the third business day prior to the Closing, as reported by Bloomberg, L.P.), of the Inventory Surpluses minus the aggregate amount of the Inventory Shortfalls is greater than $60 million, then each such Inventory Surplus shall be proportionately reduced until such aggregate amount equals $60 million.
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Related to Inventory Surplus

  • Statutory Surplus means, with respect to any Insurance Subsidiary at any time, the statutory capital and surplus of such Insurance Subsidiary at such time, as determined in accordance with SAP ("Liabilities, Surplus and Other Funds" statement, page 3, line 25 of the Annual Statement for the 1995 Fiscal Year entitled "Surplus as Regards Policyholders").

  • Adjusted Operating Surplus means, with respect to any period, (a) Operating Surplus generated with respect to such period less (b) (i) the amount of any net increase in Working Capital Borrowings (or the Partnership’s proportionate share of any net increase in Working Capital Borrowings in the case of Subsidiaries that are not wholly owned) with respect to such period and (ii) the amount of any net decrease in cash reserves (or the Partnership’s proportionate share of any net decrease in cash reserves in the case of Subsidiaries that are not wholly owned) for Operating Expenditures with respect to such period not relating to an Operating Expenditure made with respect to such period, and plus (c) (i) the amount of any net decrease in Working Capital Borrowings (or the Partnership’s proportionate share of any net decrease in Working Capital Borrowings in the case of Subsidiaries that are not wholly owned) with respect to such period, (ii) the amount of any net decrease made in subsequent periods in cash reserves for Operating Expenditures initially established with respect to such period to the extent such decrease results in a reduction in Adjusted Operating Surplus in subsequent periods pursuant to clause (b)(ii) above and (iii) the amount of any net increase in cash reserves (or the Partnership’s proportionate share of any net increase in cash reserves in the case of Subsidiaries that are not wholly owned) for Operating Expenditures with respect to such period required by any debt instrument for the repayment of principal, interest or premium. Adjusted Operating Surplus does not include that portion of Operating Surplus included in clause (a)(i) of the definition of “Operating Surplus.”

  • Working Capital Surplus means the amount by which the Working Capital is greater than the Target Working Capital Amount.

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

  • Inventory Sublimit means the amount(s) set forth in Section 1(d) of Schedule A.

  • Operating Surplus means, with respect to any period ending prior to the Liquidation Date, on a cumulative basis and without duplication,

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

  • Capital Surplus has the meaning assigned to such term in Section 6.3(a).

  • Surplus Cash means, with respect to any period, any revenues of Borrower remaining after paying, or setting aside funds for paying, all the following:

  • Surplus Amount in respect of a particular Bid by an Anchor Investor, shall mean any amount paid in respect of such Bid that is in excess of the amount arrived at by multiplying the number of Equity Shares allocated in respect of such Bid with the Anchor Investor Offer Price, and shall include Bid Amounts below the Anchor Investor Offer Price, in respect of which no Equity Shares are to be Allotted, and in respect of refunds that are to be made after transfer of monies to the Public Offer Account, the Surplus Amount shall mean all Bid Amounts to be refunded after the transfer of monies to the Public Offer Account. For the sake of clarity, in case of an unsuccessful Bid by an Anchor Investor, the entire amount paid towards the Bid shall be considered to be the Surplus Amount;

  • 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.

  • 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).

  • 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.

  • Common Surplus means the amount of all receipts or revenues, including assessments, rents, or profits, collected by a condominium association which exceeds common expenses.

  • Distributable surplus means the Gains that has been realised on a marked to market basis and is carried forward to the balance sheet at market value, arising out of appreciation on investments which is readily available for distribution to the unit holders as Income.

  • Consolidated Cash Balance means, at any time, the aggregate amount of cash and cash equivalents, marketable securities, treasury bonds and bills, certificates of deposit, investments in money market funds and commercial paper, in each case, held or owned by, or credited to, the account of the Borrower and its Subsidiaries (including non-wholly owned Subsidiaries and Permitted J/Vs).

  • Capital and Surplus means, as to any Insurance Subsidiary, as of any date, the total amount shown on line 38, page 3, column 1 (or such other line on which the equivalent information is provided on any other such Annual Statement) of the Annual Statement of such Insurance Subsidiary as of such date, or an amount determined in a consistent manner for any date other than one as of which an Annual Statement is prepared.

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

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

  • Inventory Reserve means reserves established by the Administrative Agent to reflect factors that may negatively impact the Value of Inventory, including change in salability, obsolescence, seasonality, theft, shrinkage, imbalance, change in composition or mix, markdowns and vendor chargebacks.

  • Surplus property means excess personal property not required by any Federal agency as determined by the Administrator of the General Services Administration (GSA).

  • Reserve Account Surplus means, as of any Transfer Date following the Reserve Account Funding Date, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Account Amount.

  • Total Consolidated Assets means, at any time, the total assets appearing on the most recently prepared consolidated balance sheet of the Company and its Consolidated Subsidiaries as of the end of the most recent fiscal quarter of the Company and its Consolidated Subsidiaries for which such balance sheet is available, prepared in accordance with GAAP.

  • Total Available Funds shall have the meaning set forth in Section 5.7(a).

  • Inventory Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof.

  • Liquid Assets mean Borrower's cash on hand plus Borrower's readily marketable securities.