OSI INVENTORY definition

OSI INVENTORY means all inventory, wherever located (including at customer sites), including raw materials, work in process, recycled materials, finished products, inventoriable supplies, parts and non-capital spare parts owned by Crompton or an OSi Subsidiary and used or held for use primarily in the operation or conduct of the OSi Business, and any rights of Crompton or an OSi Subsidiary to the warranties received from suppliers and any related Claims, credits, rights of recovery and setoff arising after the Closing Date with respect to such OSi Inventory and excluding any inventory primarily related to Excluded OSi Assets or Excluded Crompton Liabilities.