Raw Material Inventory definition

Raw Material Inventory means all materials used in the manufacture of a finished pharmaceutical product that is formulated, labeled or otherwise intended for use, sale or offer for sale, whether held at a location or facility of the Elan Companies or any Affiliate thereof (or of any other Person on behalf of the Elan Companies or any Affiliate thereof) or in transit to or from the Elan Companies or any Affiliate thereof (or any such other Person).
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Raw Material Inventory means Inventory of the types designated on Schedule 1.01 as Raw Material Inventory. The Lender may from time to time in its Permitted Discretion (a) designate types of Inventory other than those designated on Schedule 1.01 as Raw Material Inventory, or (b) remove such designation from a type of Inventory listed on Schedule 1.01.
Sample 1
Raw Material Inventory means, collectively, (x) all Inventory that is not finished goods inventory and (y) all Pet Milk Inventory that is not finished goods inventory. Notwithstanding anything to the contrary in this Agreement, Raw Material Inventory shall be conveyed at cost to, and title shall pass to Buyer after, the Closing as such cost is billed to Buyer pursuant to the Transition Services Agreement.
Sample 1

Examples of Raw Material Inventory in a sentence

  • The Raw Material Arrive Rate is the inflow to Raw Material Inventory.

  • Besides, we focus on the inventory level and compare the behavior of Raw Material Inventory in the conditions of different contracts (see Figure 3.1).

  • Aligned with this initiative a project has been finished, which aimed at collating a European Food Packaging Ink Raw Material Inventory (with inputs from EuPIA member companies), which is included in the Swiss “Bedarfsgegenstände- Verordnung”.

  • The aggregate amount of Revolving Advances made to Borrower against Eligible Domestic Finished Goods Inventory and Eligible Raw Material Inventory shall not exceed in the aggregate, at any one time outstanding, the sum of $7,500,000 less the aggregate advances outstanding against Eligible Export-Related Inventory Value under the Ex-Im Credit Agreement.

  • The aggregate amount of Revolving Advances made to Borrower against Eligible Raw Material Inventory shall not exceed in the aggregate, at any one time outstanding, the sum of $5,000,000 less the aggregate advances outstanding against Eligible Export-Related Raw Material Inventory under the Ex-Im Credit Agreement.

  • As to each item of Inventory that is identified by Borrowers as Eligible Finished Goods Inventory, Eligible Raw Material Inventory, or Eligible Work-In-Process Inventory in a Borrowing Base Certificate submitted to Agent, such Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than any Agent-discretionary criteria) set forth in the definition of Eligible Inventory.

  • Take the behavior of ‘Desired Inventory’ as the benchmark, we can see from figure 3.1, with the long-term contract, the Raw Material Inventory shows more oscillation than that in option contract although their behavior pattern appears similar.

  • Such detailed inventory report shall include the total of all inventory of the Obligated Group, and the portions of such total representing (i) Eligible Raw Material Inventory, (ii) Eligible Finished Goods Inventory, and (iii) RFAC Eligible Inventory.

  • On or about the AES Asset Transfer Date (in any event not later than ten (10) days after the AES Asset Transfer Date), Purchaser shall pay to AES the AES Raw Material Inventory Value, the AES WIP Value, the AES Finished Goods Value and the remaining one-half of the AES Personal Property Value.

  • The CLIENT shall manage business data and documents exclusively via uptoIP®.


More Definitions of Raw Material Inventory

Raw Material Inventory. That portion of a Borrower's Inventory which consists of raw materials normally used by that Borrower in the manufacture of finished goods.
Sample 1
Raw Material Inventory means Inventory consisting of raw materials.
Sample 1
Raw Material Inventory means the cost of all raw materials purchased to manufacture the Modules (including any Third Party Wafers and Third Party Tiles) determined consistently in accordance with an accounting method recognized by GE (e.g. average cost or FIFO) including logistical costs and disposable tools.
Sample 1

Related to Raw Material Inventory

  • Raw Material means any unprocessed material in its raw or natural state that is intended to become part of the components of a cannabis product.

  • Raw Materials means all raw materials, supplies, components and packaging necessary to manufacture and ship the Product in accordance with the Specifications, as provided in Exhibit A, but not including the API.

  • 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.

  • 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.

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

  • Eligible Finished Goods Inventory means all Finished Goods Inventory that is Eligible Inventory.

  • 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.

  • Finished Goods means units of a manufactured product awaiting sale.

  • Supplier Equipment means the Supplier's hardware, computer and telecoms devices, equipment, plant, materials and such other items supplied and used by the Supplier (but not hired, leased or loaned from the Customer) in the performance of its obligations under this Call Off Contract;

  • 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.

  • 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.

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

  • Source material milling means any activity that results in the production of byproduct material as defined by definition (2) of byproduct material.

  • 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;

  • Medical equipment supplier means any person, as defined in § 1-230, engaged in the delivery to the ultimate consumer, pursuant to the lawful order of a practitioner, of hypodermic syringes and needles, medicinal oxygen, Schedule VI controlled devices, those Schedule VI controlled substances with no medicinal properties that are used for the operation and cleaning of medical equipment, solutions for peritoneal dialysis, and sterile water or saline for irrigation.

  • Excess Inventory means all Inventory and Special Inventory possessed or owned by Flextronics that is not required for consumption to satisfy the next [***] of demand for Products under the then-current purchase order(s) and forecast.

  • Material Equipment means such equipment, which, acting in accordance with a Reasonable and Prudent Standard, the Generator could reasonably be expected to have ordered and/or concluded a supply agreement in respect of in accordance with the Target Commissioning Date, and in any event, such equipment shall include wind turbines.

  • Consumables means where the context permits, Digital Print Consumables, Inkjet Printing System Consumables and Prepress Consumables.

  • 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).

  • 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.

  • Major medical equipment means medical equipment which is used for the provision of medical and other health services and which costs in excess of the capital expenditure minimum, except that such term does not include medical equipment acquired by or on behalf of a clinical laboratory to provide clinical laboratory services if the clinical laboratory is independent of a physician's office and a hospital and it has been determined under Title XVIII of the Social Security Act to meet the requirements of paragraphs (10) and (11) of Section 1861(s) of such Act. In determining whether medical equipment has a value in excess of the capital expenditure minimum, the value of studies, surveys, designs, plans, working drawings, specifications, and other activities essential to the acquisition of such equipment shall be included.

  • Tooling means tools funded or provided by the Buyer.

  • Goods means all of the equipment, machinery, and/or other materials that the supplier is required to supply to the purchaser under the contract.

  • Consumable means any component of a good that is used up recurrently and needs to be replaced for the good to function as intended;

  • Farm equipment means equipment used directly for farming

  • Control equipment means equipment necessary for the setting and/or unsetting of an immobilizer.