Obsolete Goods definition

Obsolete Goods means any Inventory, by part number, for which no sales or usage in production of such Inventory included in such part number has been made within the six (6) months prior to the Closing Date.
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Examples of Obsolete Goods in a sentence

  • The Parties acknowledge that the Retail Ops Agreement provides certain charges to be imposed on Lands’ End for (i) Inbound Vendor Cross Docking and (ii) Disposition of Unsalable, Defective and Obsolete Goods as set forth on pages ▇-▇▇, ▇-▇▇, ▇▇▇ ▇-▇▇ ▇▇ ▇▇▇▇▇▇▇▇ #2 thereto which the parties desire to revise effective February 1, 2018.

  • Obsolete Goods, Goods below standard quality and Goods in the process of repair have been written down to realizable market value on Borrower's balance sheet, or adequate reserves have been provided therefore, and the values carried on the balance sheet are set at the lower of cost or market, in accordance with generally accepted accounting principles consistently applied.

  • Obsolete Goods, Goods below standard quality and Goods in the process of repair have been written down to realizable market value on Borrower's balance sheet, or adequate reserves have been provided therefor, and the values carried on the balance sheet are set at the lower of cost or market, in accordance with generally accepted accounting principles consistently applied.

  • Obsolete Goods, Goods below standard quality and Goods in the process of repair have been written down to realizable market value on Borrowers balance sheet, or adequate reserves have been provided therefor, and the values carried on the balance sheet are set at the lower of cost or market, in accordance with generally accepted accounting principles consistently applied.