Purchased Inventories definition

Purchased Inventories has the meaning set forth in Section 2.2(a).
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Purchased Inventories means the inventories Supplier --------------------- purchased from GWI under the Purchase Agreement.
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Purchased Inventories means all Hydrocarbon Inventory owned by Seller immediately prior to the Closing Date and located in all pipelines comprising Purchased Terminal Facilities, as set forth on Exhibit I.
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Examples of Purchased Inventories in a sentence

  • As of the Closing, the Purchased Inventories: (i) are in material compliance with all applicable specifications, (ii) have been manufactured in all material respects in accordance with current Good Manufacturing Practices, as set forth in the United States Code of Federal Regulations, and (iii) are not misbranded or adulterated, within the meaning of the Food, Drug and Cosmetics Act.

  • On the Closing Date, Buyer shall pay to Seller, in immediately available funds by wire transfer to an account designated by Seller, (i) an amount equal to the Purchase Price, minus a credit for Seller’s estimated share of any Real and Personal Property Taxes payable in accordance with Section 11.2 and (ii) plus the amount then due as consideration for the Purchased Inventories in accordance with the Purchased Inventories Sale Agreement (the “Closing Date Payment”).

  • The Company in accordance with the above said circular has obtained Fairness Opinion in November, 2014 from Corporate Professionals Capital Private Limited, a SEBI Registered (Cat 1) Merchant Banker.

  • Intellectual Property and Purchased Inventories that relate solely to vehicle production of the Chrysler Dodge Viper SRT10 vehicle models and are not necessary or useful in any other line of business and the associated Assembly Plant located at 00000 Xxxxxx Xxxxxx, Detroit, Michigan 48234.

  • No customer of the Seller in connection with the Product Line has the right to return for credit or refund items that, if returned, would be included in the Purchased Inventories pursuant to any agreement, understanding or practice of the Seller with respect to taking back any product (other than with respect to defective products).

  • Except as provided in Schedule 8.14 or reserved for in Schedule 8.4, the Purchased Inventories do not include any items which are obsolete, damaged, below standard quality, non-merchantable or slow moving (i.e., items that are for discontinued or expected to be discontinued product lines, or items that (A) have not been used or sold within 12 months prior to the date hereof or (B) are in quantities exceeding the amount that has been used or sold within that 12-month period).

  • The Materials Charge for Purchased Inventories, shall be [*] costs.

  • All of the Purchased Inventories consist of a quality and quantity usable and salable in the Ordinary Course, except for obsolete items and items of below-standard quality that have been written off or written down to net realizable value in the accounting records of the Seller as of the Closing Date.

  • To the extent that the Buyer sells to its customers any mattress covers included in the Purchased Inventories for more than $5.00 per cover, then until all such mattress covers have been sold the Buyer will pay fifty percent (50%) of such excess to the Seller on a monthly basis (each such payment, if any, being due on the last day of each month, beginning February 2007).

  • Arguments and evidence about the impact of each on accounting quality suggest that they should.We address the issue in the context of the value relevance of the three-level hierarchy, by exploring the following four subsamples of our sample countries: Common-High; Code-High; Common-Low; and Code-Low.


More Definitions of Purchased Inventories

Purchased Inventories means stock in hand [raw materials, additional materials, fuel and combustibles, spare parts, assets as per Paragraph a) of Subsection (3) of Section 28], goods (commercial inventories, refundable packaging, mediated services), and advance payments on inventories;
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Purchased Inventories mean the raw materials, components, goods-in-progress, finished products, replacements, substitutes, spare parts, supplies and packaging materials which are relevant to the operation of the Relevant Business as set out in Section 2 of Appendix II. The Purchased Inventories do not include the Non-PRC Inventories.
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Purchased Inventories means Seller's paper inventory (i) held by the Seller as of the Closing Date, (ii) related to the Purchased Issues with cover dates of February and March 1999 (plus up to a one-third overage above such inventories), (iii) for which the Seller has previously paid the supplier (and for which, therefore, the Buyer is not assuming an accounts payable with respect to and (iv) the estimated amount of which is set forth on the CLOSING DATE STATEMENT OF ASSETS AND LIABILITIES.
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Purchased Inventories means all Additive Inventory owned by Seller immediately prior to the Closing Date and located in Purchased Terminal Facilities, as set forth on Exhibit F.
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Purchased Inventories means the Inventories set forth on Schedule 1.1(kk).
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Purchased Inventories as defined in Section 2.1(c).
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Related to Purchased Inventories

  • Transferred Inventory has the meaning set forth in Section 2.2(a)(iii).

  • Excluded Inventory shall have the meaning set forth in Section 2.1(c).

  • Consigned Inventory means Inventory of any Borrower that is in the possession of another Person on a consignment, sale or return, or other basis that does not constitute a final sale and acceptance of such Inventory.

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Inventories means “Inventories” as defined in the Uniform System of Accounts, such as, but not limited to, provisions in storerooms, refrigerators, pantries and kitchens; beverages in wine cellars and bars; other merchandise intended for sale; fuel; mechanical supplies; stationery; and other expensed supplies and similar items.

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

  • Product Inventory means all inventory owned as of the Closing by Seller of finished Compound or Product or works in progress or materials used in the manufacture of finished Product, whether held at a location or facility of Seller (or of any other Person on behalf of Seller, including in any of Seller’s warehouses, blenders, toll manufacturers, suppliers, distributors or consignees) or in transit to or from Seller (or any such other Person), including active pharmaceutical ingredient; provided that such Product is listed by Seller in Section 6.09 of the Seller Disclosure Schedule.

  • Qualified Inventory means the inventory of Borrower in which Standard Federal holds a perfected first security interest exclusive of any returned or damaged items and work-in-process.

  • Purchased Equipment means any equipment, including any Software, sold by BT to the Customer.

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • In-Transit Inventory means Inventory of a Borrower which is in the possession of a common carrier and is in transit from a Foreign Vendor of a Borrower from a location outside of the continental United States to a location of a Borrower that is within the continental United States.

  • Transferred Real Property means (a) the Transferred Owned Real Property and (b) the premises that is subject to the Transferred Real Property Leases.

  • Purchased Intellectual Property has the meaning set forth in Section 1.2(g).

  • Obsolete Inventory means items that have expired, are redundant or

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

  • Sold Assets has the meaning set forth in Section 2.01(b).

  • IP Assets means all Intellectual Property owned or used by or purported to be owned or used by the Group Companies.

  • Subject Assets is defined in Section 2.2(c).

  • Gross Assets means the total of fixed assets and current assets;

  • Specified Assets the following property and assets of such Grantor:

  • Purchased Items means those certain Products and Services (as defined herein) that are purchased by Customer and provided by Seller hereunder.

  • Eligible Inventory means inventory of finished goods in the Borrower's possession (i) that is held for use or sale in the ordinary course of the Borrower's business, (ii) which is physically located in the continental United States on premises owned by the Borrower (or, if such premises are owned by a third Person, such Person has waived or subordinated any landlord's lien it may have in a form satisfactory to the Bank and its counsel), (iii) for which the Borrower has not received a prepayment, (iv) which has not been returned to the Borrower by any purchaser thereof, (v) which is of a kind normally and customarily sold by the Borrower and which is not, because of age, unmerchantability, obsolescence or any other condition or circumstance, materially impaired in condition, value, or marketability in the good faith opinion of the Borrower, (vi) which is not subject to any assignment, security interest, lien, claim, or encumbrance of any kind other than the lien and security interest of the Collateral Agent, (vii) which meets all standards imposed by any Governmental Authority having regulatory authority over such inventory, its use and/or sale, (viii) which has not been consigned to any Person, (ix) which does not bear, incorporate or is otherwise subject to any trademark, patent or copyright which is not owned by the Borrower, unless such trademark, patent or copyright is licensed to the Borrower on terms and conditions satisfactory to the Bank, (x) for which no warehouse receipt has been issued with respect thereto, and (xi) which is not otherwise unacceptable to the Bank, in its reasonable discretion. The value of the inventory will be valued at the lower of cost or market on a first-in, first-out basis as determined in accordance with GAAP applied on a consistent basis.

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.

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