New Inventory definition

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

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 Locations on various specified dates as contemplated by this Agreement.

Examples of New Inventory in a sentence

• To the extent Seller purchases Inventory for cash that is ordered from Lentzy Investments or any of its Affiliates during the period commencing on the date of this Agreement and ending at 11:59 p.m. on the day immediately preceding the Closing Date (“New Inventory”), Seller shall maintain and store any such New Inventory in the Seller’s warehouses and storage facilities until the Closing Date except as provided in this Section 7.16.

• In the event of a termination of this Agreement (other than: (i) a termination by Seller pursuant to Section 4.2(b) and (ii) a termination pursuant to Sections 4.2(c), 4.2(e), 4.2(i) or 4.2(j)), Seller shall have the right to return any New Inventory to Lentzy Investments in accordance with the terms of the purchase order applicable to such New Inventory and shall be reimbursed the full amount paid by Seller therefor, in cash.

• For more information regarding reporting incidents and near misses go to: Risk Management● UC Chemicals: You may create an inventory in the UC application Chemicals by clicking on Create a New Inventory from the drop down box.

• For example, a dealer could apply for a $300,000 floor plan line of credit to support New Inventory and a $200,000 floor plan line of credit to support Used Inventory.

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

More Definitions of New Inventory

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

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 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 of its Subsidiaries for a period of only fifteen months or less.

New Inventory means third party requests received after the Effective Date relative to the Mortgage Reconciliation Work.

New Inventory means any vials of Product bought by Nycomed from TMC after the Effective Date in accordance with Section 8.1.