Purchased Inventories definition

Purchased Inventories has the meaning set forth in Section 2.2(a).
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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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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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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”).

  • 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.

  • 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).

  • For those employees seeking to take advanced professional training from an Employer-approved professional organization as described above, the Employer will work with employees to flex work schedules to allow attendance where reasonable and practical in consideration of the needs of the employee’ section, and where it would not cause an undue hardship on the Employer’s operations or result in the Employer incurring overtime costs.

  • 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).

  • 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.

  • 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.

  • The parties agree that, for all purposes under this Agreement, and notwithstanding any other term of this Agreement, the methodology for valuing and expensing Purchased Inventories as well as future Inventories of Buyer shall be consistent with Seller’s past practice as shown on Section 6.7 of the Disclosure Schedule.


More Definitions of Purchased Inventories

Purchased Inventories means the inventories Supplier --------------------- purchased from GWI under the Purchase Agreement.
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Purchased Inventories as defined in Section 2.1(c).
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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 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 the Inventories set forth on Schedule 1.1(kk).
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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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Related to Purchased Inventories

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

  • Excluded Inventory means any of the following inventory of goods, merchandise, or other inventory of Seller located at the Leased Premises: (a) all items in the Fresh Departments;

  • 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 of the Product owned by Seller or its Affiliates as of the Closing, including raw materials, work-in-process, bulk form drug and finished Product.

  • Qualified Inventory means all Raw Materials Inventory, Semi-Finished Goods and Scrap Inventory and Finished Goods Inventory held by a Credit Party in the normal course of business and owned solely by such Credit Party (per plant level records whereby manufactured items are valued at pre-determined costs and purchased items are valued at rolling average actual cost).

  • 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;

  • Transferred Receivables means any Receivables that have been sold, contributed or otherwise transferred to an Eligible Transferee in connection with a Permitted Supply Chain Financing that is permitted under the Credit Agreement.

  • 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 and include Inventory, excluding work in process, with respect to each Borrower, valued at the lower of cost or market value, determined on a first-in, first-out basis, which is not obsolete, slow moving or unmerchantable as determined by Agent in its Permitted Discretion and which Inventory, based on such considerations as Agent may from time to time deem appropriate in its Permitted Discretion including whether the Inventory is subject to a perfected, first priority security interest in favor of Agent and no other Lien (other than a Permitted Encumbrance). Notwithstanding anything herein to the contrary, no Inventory shall be Eligible Inventory to the extent such Inventory was acquired by a Borrower pursuant to an entity creation under Section 7.12 or a Permitted Acquisition, unless Agent has (i) completed field examinations with respect to such Inventory, the results of which are satisfactory in form and substance to Agent in its Permitted Discretion or (ii) waived such restriction in its Permitted Discretion. In addition, Inventory shall not be Eligible Inventory if it: (a) does not conform in all material respects to all standards imposed by any Governmental Body which has regulatory authority over such goods or the use or sale thereof; (b) is in transit (other than between one or more locations where Borrowers are permitted hereunder to maintain or store Inventory and such location is the subject of a Lien Waiver Agreement or a Processor’s Agreement, as applicable, unless such location is owned by Borrower); (c) is located outside the continental United States or at a location that is not otherwise in compliance with this Agreement; (d) constitutes Consigned Inventory (other than Consigned Inventory that is subject to a warehouseman’s waiver in form and substance satisfactory to Agent); (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 Agent’s right to sell or otherwise dispose of such Inventory, unless Agent is a party to a Licensor/Agent Agreement with the Licensor under such License Agreement (or Agent shall agree otherwise in its Permitted Discretion after establishing reserves against the Formula Amount with respect thereto as Agent shall deem appropriate in its Permitted Discretion); (g) at any time following seventy-five (75) days after the Closing Date (or such later date agreed to by Agent), is situated at a location not owned by a Borrower unless the owner or occupier of such location has executed in favor of Agent a Lien Waiver Agreement or a Processor’s Agreement, as applicable (or Agent shall have established reserves against the Formula Amount with respect thereto as Agent shall deem appropriate in its Permitted Discretion in an amount not to exceed the equivalent of three (3) months’ rental obligation with respect to such location); or (h) if the sale of such Inventory would result in the creation of a Receivable which, on the date of such sale, would fail to constitute an Eligible Receivable due to the operation of any of clauses (b), (c) or (e) – (p) of such definition.

  • 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.