Inventory Surplus definition

Inventory Surplus means the amount, if any, by which the Closing Inventory exceeds the Inventory Threshold.
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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 has the meaning set forth in Section 2.4(f).
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Examples of Inventory Surplus in a sentence

  • 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.

  • Assets and Inventory Surplus Warehouse Policy and Procedures, to be aware of: • Departments must contact inventory control personnel from your department (Kira Fitzgerald 902-424-4478), prior to making an appointment with the warehouse.

  • Report on end of year closeout which includes Active Inventory, Surplus Inventory, and Request to Dispose of Unusable Textbooks is to be submitted in Textbook Inventory Management System (TIMS) no later than June 15th.

  • End of year closeout process –Active Inventory, Surplus Inventory, and Request to Dispose of Unusable Textbooks.

  • Motion: Mr. Lothspeich moved for Board approval to declare supplies and/or equipment identified in the surplus list, “NEWESD 101 Inventory Surplus List 2019,” as surplus property according to RCW 28A.335.180.

  • Authorize the Purchasing Department to transfer items from the Inventory Surplus to the Elections Department.

  • Attached to your agenda packet is the Inventory Surplus List that will be auctioned online.

  • Council Member Jennewein moved approval of the declaring VPD Weapon Inventory Surplus for Auction or Destruction.

  • Market price shall not include any increase or decrease, which is connected with the following reasons: (i) the aim the property is expropriated for; (ii) by circumstance on property expropriation for public and state purposes; (iii) any preliminary action of the acquirer connected with property expropriation (preliminary study including); (iv) existing property rights to property.

  • The differential between these two groups, shown in the last rows of the table, suggests that greater reduction in initiation explains 75 percent of the differential changebetween the groups (14.1% ÷ 18.7%).


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 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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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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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 means [***].

  • Inventory Formula Amount means the lesser of (i) 65% of the Value of Eligible Inventory; or (ii) 85% of the NOLV Percentage of the Value of Eligible Inventory.

  • Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Great American Group dated January 22, 2008 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraiser firm pursuant to Section 9.2(b).

  • Common Surplus means the excess of all receipts of the Association collected on behalf of the Association, including, but not limited to, Assessments, rents, profits and revenues on account of the Common Elements, over the amount of 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 by the Parent and its Consolidated Subsidiaries.

  • 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.

  • Consolidated Rent Expense means, for any period, the total rent expense with respect to real and personal property of the Borrower for such period, as determined on a Consolidated basis and as reported in its financial statements.

  • 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, as of any date, the total consolidated assets of the Guarantor and its Subsidiaries computed in accordance with GAAP as of the last day of the fiscal quarter most recently ended prior to such date, subject to the second sentence of the definition of “Debt” in the Base Indenture.

  • 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.