New Inventory definition

New Inventory shall have the meaning set forth in Section 3.5 to this Agreement.

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New Inventory means Inventory of the Borrowers that (a) consists of complete Units of new Inventory purchased from Approved Manufacturers, (b) does not constitute Used Inventory or Eligible Parts Inventory, (c) is not subject to a Contract in Transit, and (d) otherwise constitutes collateral reasonably acceptable to the Required Lenders for borrowing purposes.

New Inventory means all items of new automotive inventory including core charges associated with such inventory, if applicable, owned by Seller and on hand at the Business Location as of the Physical Inventory Date.

Examples of New Inventory in a sentence

• Representatives of Seller and Purchaser shall take a physical inventory of the New Inventory as of the Closing Date.

• Compaq and DoubleClick shall cooperate in identifying those portions, if any, of the New Inventory that DoubleClick would have the right to sell on behalf of Compaq and shall confirm any such arrangements by completing and signing a New Inventory Addendum, based on the form of which that appears as Exhibit C attached hereto.

• As early in the process as is feasible, Compaq shall also identify to DoubleClick the additional Standard Ad Units ("New Inventory") in any newly-created area of the Web Site ("New Web Site Area").

• The New Inventory shall be valued at Seller's latest invoice cost, net of discounts but inclusive of freight, based on Seller's most recent invoices.

• The parties will also determine and specify in the New Inventory Addendum whether DoubleClick's right to act on behalf of Compaq in respect of such portions of the New Inventory is exclusive, and the circumstances under which Compaq could terminate DoubleClick's right to place such portions of the New Inventory on behalf of Compaq.

More Definitions of New Inventory

New Inventory means, at any time, Inventory relating to any product (including drones, but excluding cameras and other capture devices and virtual reality products and any related components and accessories) unless such product (or such type of product) shall have been generally made available for sale by the U.S. Loan Parties and the Dutch Borrower for at least six full calendar months and such product shall have been covered by an appraisal received by the Administrative Agent pursuant to this Agreement (and which appraisal has been prepared as of a date that is not less than six full calendar months after the first date on which any U.S. Loan Party or the Dutch Borrower shall have made such product generally available for sale).

New Inventory shall have the meaning set forth in Section 7.16.

New Inventory means all of Sellers’ supplies, equipment, and spare parts necessary or useful for day-to-day maintenance and repair acquired on or after November 1, 2004, that has not been depleted or consumed as of the Scheduled Closing Date, which shall be identified by dollar value at each of Sellers’ locations or on Sellers’ vehicles on Schedule 2.5(b). Schedule 2.5(b) shall be delivered by Sellers to Purchaser five Business Days prior to the Scheduled Closing Date.

New Inventory means items of automotive inventory in good, salable condition, listed in the manufacturer's current price sheet, including core charges associated with such inventory, if applicable, and subject to manufacturers' obsolescence and returned goods policies of the kinds normally extended to customers for a particular product line on an industry-wide basis, owned by Seller and on hand at the Purchased Locations or the Closed Locations at the Closing Date. New Inventory shall not include Dirty Core and Warranty Inventory. New Inventory (excluding In-transit Inventory) determined on the True-Up Date to be in excess of 105% of amounts as at June 25, 1998 heretofore disclosed by Seller to Purchaser shall be subject to renegotiation or return to Seller. Consigned goods owned by Seller shall be included in New Inventory only after confirmation of the amount and verification of the consignment in writing by the consignee.

New Inventory. Inventory of a particular stock keeping unit which has been ------------- sold or offered for sale by the Borrower or any Additional Subsidiary for a period of only fifteen months or less.

New Inventory means all present and future rights, title, and interest of Obligor with respect to, wherever located (a) any inventory, including goods held for sale or lease or to be furnished under a contract of service, (b) raw materials, work in process, and finished goods, (c) any models, molds, and masters, (d) packing and shipping materials, and (e) any documents of title representing any of the above, in each case acquired by Obligor on or after August 1, 1997.

New Inventory means the value of the Inventory at each of the four Quarterly Measurement Dates.