Purchased Inventories definition

Purchased Inventories has the meaning set forth in Section 2.2(a).
Sample 1Sample 2
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.
Sample 1Sample 2
Purchased Inventories means the inventories Supplier --------------------- purchased from GWI under the Purchase Agreement.
Sample 1Sample 2

Examples of Purchased Inventories in a sentence

  • 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”).


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;
Sample 1Sample 2
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.
Sample 1
Purchased Inventories as defined in Section 2.1(c).
Sample 1
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.
Sample 1
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.
Sample 1
Purchased Inventories means the Inventories set forth on Schedule 1.1(kk).
Sample 1

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 2.4.

  • 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 provisions in storerooms, refrigerators, pantries and kitchens, beverages in wine cellars and bars, other merchandise intended for sale, fuel, mechanical supplies, stationery, and other supplies and similar items.

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

  • Product Inventory means all inventory owned as of the Closing by Seller or any Affiliate thereof of finished Product that is in conformance with the Specifications and has an expiration date of October 1, 2016 or later, regardless of whether such inventory is held at a location or facility of Seller or any Affiliate (or of any other Person on behalf of Seller or any Affiliate, including in any of Seller’s warehouses, manufacturers, suppliers, distributors or consignees) or in transit to or from Seller or any Affiliate (or any such other Person).

  • 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 shall have the meaning set forth in Section 1.2(a)(vii).

  • 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 shall have the meaning assigned thereto in Section 8 hereof.

  • Eligible Inventory means and include Inventory of a Borrower, excluding work in process, valued at the lower of cost or market value, determined on a first-in-first-out basis, which is not, in Administrative Agent’s Permitted Discretion, obsolete, slow moving or unmerchantable and which Administrative Agent, in its Permitted Discretion, shall not deem ineligible Inventory, based on such considerations as Administrative Agent may from time to time deem appropriate including whether the Inventory is subject to a perfected, first priority security interest in favor of Administrative Agent and no other Lien (other than a Permitted Encumbrance). In addition, Inventory shall not be Eligible Inventory if it: (a) does not conform to all standards imposed by any Governmental Body which has regulatory authority over such goods or the use or sale thereof; (b) is Foreign In-Transit Inventory or in-transit within the United States; (c) is located outside the continental United States; (d) constitutes Consigned Inventory; (e) is the subject of an Intellectual Property Claim; (f) is subject to a License Agreement that limits, conditions or restricts the applicable Borrower’s or Administrative Agent’s right to sell or otherwise dispose of such Inventory, unless Administrative Agent is a party to a Licensor/Administrative Agent Agreement with the Licensor under such License Agreement (or Administrative Agent shall agree otherwise in its Permitted Discretion after establishing reserves against the Formula Amount with respect thereto as Administrative Agent shall deem appropriate in its sole discretion); (g) is situated at a location not owned by a Borrower unless the owner or occupier of such location has executed in favor of Administrative Agent a Lien Waiver Agreement (or Administrative Agent shall agree otherwise in its Permitted Discretion after establishing reserves against the Formula Amount with respect thereto as Administrative Agent shall deem appropriate in its Permitted Discretion); or (h) or if the sale of such Inventory would result in an ineligible Receivable.

  • 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.

  • Excluded Assets has the meaning set forth in Section 2.2.