Inventory Threshold definition

Inventory Threshold has the meaning set forth in Section 3.3(c).
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Inventory Threshold an amount equal to twenty percent (20%) or more of the value of all of the Borrower’s and Subsidiary Guarantors’ inventory (valued at cost).
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Inventory Threshold means, as of any date of determination, the greater of (a) $20,000,000, and (b) the lesser of (i) $22,500,000, and (ii) the sum of (y) $20,000,000, plus (z) the aggregate amount of M&E Depreciation Amounts that have resulted in a reduction to the amount set forth in clause (a) of the definition of M&E Component since the Effective Date.
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Examples of Inventory Threshold in a sentence

  • The Consolidated Inventory Amount of the Loan Parties shall at all times be no less than the Inventory Threshold Amount.

  • Accordingly, the Parties agree that each Purchaser's Initial Purchase Price shall be further adjusted (in accordance with such Purchaser's Proportionate Share) by the difference between the Inventory Threshold and the book value of Inventory as of the Closing (determined in the same manner as the initial valuation of the Inventory for determining the Inventory Threshold) (the "Inventory Value").

  • The Initial Purchase Price shall be (i) increased by the amount by which the Inventory Value exceeds the Inventory Threshold, or (ii) decreased by the amount by which the Inventory Value is less than the Inventory Threshold.

  • Each Purchaser's Initial Purchase Price (in accordance with such Purchaser's Proportionate Share) shall be (i) increased by the amount by which the Inventory Value exceeds the Inventory Threshold, or (ii) decreased by the amount by which the Inventory Value is less than the Inventory Threshold.

  • The Parties agree that the aggregate Initial Purchase Price assumes a quantity of the STP Ownership Share of Nuclear Fuel Inventory to be included in the Purchased Assets, and value thereof as of the Closing, which is represented by Thirty-One Million Nine Hundred Forty-Nine Thousand Six Hundred Seventy-Seven Dollars (U.S. $31,949,677) (the "Nuclear Fuel Inventory Threshold") of book value thereof as set forth on Schedule 3.3(d).

  • Each Purchaser's Initial Purchase Price (in accordance with such Purchaser's Proportionate Share) shall be (i) increased by the amount by which the Nuclear Fuel Inventory Value exceeds the Nuclear Fuel Inventory Threshold, or (ii) decreased by the amount by which the Nuclear Fuel Inventory Value is less than the Nuclear Fuel Inventory Threshold.

  • The Transaction Expert is not to make any determination other than the Closing Inventory, including any determination as to whether the Inventory Threshold is correct.

  • To the extent that the value (as determined pursuant to the terms hereof) of the Purchased Inventory delivered to Purchaser’s Warehouse, is equal to or greater than the Purchased Inventory Threshold, no adjustment shall be made.

  • There shall be no adjustment to the Initial Purchase Price pursuant to this SECTION 3.2(c) unless the difference between the Inventory Threshold and the Inventory Value exceeds One Hundred and Fifty-Five Thousand Dollars ($155,000).

  • The Inventory Value shall be determined in the same manner as the initial valuation of the Purchased Inventory for determining the Inventory Threshold (the "Inventory Accounting Policies") which in each case shall exclude from inventory any parts procured and obtained with the intent to be consumed in a scheduled major maintenance event (including, without limitation, combustion inspections and hot gas path inspections).


More Definitions of Inventory Threshold

Inventory Threshold means $10,000,000.
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Inventory Threshold means, as of any date of determination, the greater of (a) $17,500,000 and (b) the lesser of (i) $20,000,000 and (ii) the sum of
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Inventory Threshold the meaning specified in Section 3(a). Knowledge: an individual party hereto shall be deemed to have “Knowledge” of a particular fact or other matter if said party is actually aware of such fact or other matter. A party other than an individual shall be deemed to have “Knowledge” of a particular fact or other matter if the person having such knowledge is an officer of such party and has the ability to direct the management and policies of such party through his or her position and such party has knowledge of such fact or matter that relates to responsibilities within his or her direct control.
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Inventory Threshold shall have the meaning ascribed to such term in Section 2.6(b) hereof.
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Inventory Threshold shall have the meaning specified in Section 10.8(f).
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Inventory Threshold has the meaning assigned to such term in the definition of ‘Landlord Acknowledgments’.
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Related to Inventory Threshold

  • Inventory Value means the cost of property purchased by the trustee and the market value of other property at the time it became subject to the trust, but the trustee may use any value finally determined for the purposes of an estate or other transfer tax;

  • 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.

  • Inventory Reserves means such reserves as may be established from time to time by the Administrative Agent, in its reasonable commercial discretion exercised in good faith and not inconsistent with past practice, with respect to changes in the determination of the salability, of the Eligible Inventory (or Eligible In-Transit Inventory, as the case may be) or which reflect such other factors as negatively affect the market value of the Eligible Inventory, but without duplication of any Tax Stamp Reserves.

  • Bid threshold means the dollar amount set in N.J.S.A. 18A:18A-3, above which a Board shall advertise for and receive sealed bids in accordance with procedures set forth in N.J.S.A. 18A:18A-1 et seq.