Parts Inventory definition

Parts Inventory means repair parts held for resale and used to service farm implements, machinery, attachments, utility and light industrial equipment, and yard and garden equipment.

Parts Inventory means Manufacturer Parts Inventory and Miscellaneous Inventory.

Parts Inventory means inventory (as defined in the UCC) of the Borrowers consisting of parts and accessories.

Examples of Parts Inventory in a sentence

• It is the intention of the parties that the Necessary Spare Parts Inventory be used and maintained during the Warranty Period in order for Supplier to fulfill its obligations under the OMS Agreement and the Warranty Agreement.

• The Spare Parts Inventory Plan shall identify quantities of Spare Parts expected to be needed for the TCS and maintenance vehicles during each quarter of the Term, and shall be continually updated, taking into consideration the Spare Parts inventory on- hand at the Warehouse Facility, and a plan for dealing with any Spare Parts that may become obsolete.

• Spare Parts shall be procured, inventoried and stored at the Project Site (or secure Warehouse Facility approved by the Joint Board) by TSP in accordance with TR Section TO and the approved Spare Parts Inventory Plan.

• At the end of the TCS Operations and Maintenance Term, the Spare Parts Inventory shall be fully stocked and complete (including substitution with suitable alternatives for any such Spare Parts that are obsolete).

• The classification and valuation of the Manufacturer Parts Inventory and Miscellaneous Inventories shall be established, in accordance with the applicable provisions hereof, by a physical inventory count conducted by an independent inventory service acceptable to LMP and Xxxxxxxx.

More Definitions of Parts Inventory

Parts Inventory means Inventory owned by either Borrower or any Eligible Credit Party which consists of parts for Rental Fleet and Equipment and parts to be sold or leased by such Person in the ordinary course of business of such Person, which parts are not incorporated or installed in or on, or affixed or appurtenant to, any such Inventory or to any other property and which parts are new, unused, in good condition and are resalable as new products without repackaging or reconditioning, including Inventory that either Borrower or any such Eligible Credit Party currently describes as “inventory (including whole goods)” but excluding any Inventory that constitutes Rental Fleet and Equipment.

Parts Inventory means Inventory that consists of parts, components or other accessions.

Parts Inventory has the meaning assigned to the term “Parts Inventory” as defined in the ABL Security Agreement, as in effect on the date hereof.

Parts Inventory means Inventory of a Borrower that is consumable standard parts such as tires, fan belts, and related or similar items used to maintain trucks, tractors, trailers and other vehicles for maintenance and upkeep.

Parts Inventory means all Leased Parts Inventory and all New Parts Inventory.

Parts Inventory means all spare parts, pipe, valves and other similar items of inventory located on or about the Gathering Lines, the Compressor Stations and the Processing Facilities and intended for use in connection with the System.

Parts Inventory has the meaning specified in the Credit Agreement.