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. That portion of a Borrower's Inventory which consists of raw materials normally used by that Borrower in the manufacture of finished goods.
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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.
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Examples of Raw Material Inventory in a sentence

  • A journal entry includes a debit to Work in Process Inventory and a credit to Raw Material 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.

  • Correspondingly, the Raw Material Inventory increases and Ratio is reduced.

  • 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).

  • Raw Material Inventory (unit)Desired Inventory (Benchmark) Long-term Option Contract Time (Month)Figure 3.1: Inventory Reference Mode Average Unit Procurement Cost($/unit)Spot market Price(Benchmark) Option Contract Long-term Time (Month) Figure 3.2: Procurement Cost Reference ModeIt is necessary to point out that the spot market price also influence the procurement quantity.

  • The reinforcing loop R1 is highlighted in pink, which shows how the shares from different contract influence the Raw Material Inventory.

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

  • In loop B1, the Ratio of Raw Material Inventory equals to the Raw Material Inventory divided by Desired RM Inventory.

  • Considering the purpose of this study, two key variables that can reflect the problems are chosen as follows: 1) Average Unit Procurement Cost <$/Unit>; 2) Raw Material Inventory <Unit>.

  • The Level of Capital Assets acquisition (Machinery, Raw Material Inventory, Plant, and Landed Assets) has significantly improved under the SMEEIS/Bank Loan Financing.


More Definitions of Raw Material Inventory

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.
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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.
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Raw Material Inventory means Inventory consisting of raw materials.
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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 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).

  • 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 Inventory that qualifies as Eligible Inventory and consists of first quality finished goods held for sale in the ordinary course of Borrower’s business.

  • 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.

  • Finished Goods means completed goods which require no additional processing or manufacturing to be sold to third party customers by the Loan Parties in the ordinary course of business.

  • 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).

  • Analytical x-ray equipment means equipment used for x-ray diffraction or fluorescence analysis.

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

  • Excluded Inventory shall have the meaning set forth in Section 2.4.

  • 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.

  • 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.

  • 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.

  • 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 tooling inventory, including but not limited to dies, molds, tooling, casting patterns, gauges, jigs, racks and stands for engines, cowls, radome and wheels, aircraft jacks, test benches, test equipment, lathes, welders, grinders, presses, punches and hoists and other similar items (whether or not completed or fixed or handheld).

  • Load Control Equipment means the equipment (which may include, but is not limited to, ripple receivers and relays) that is from time to time installed in, over or on Consumer’s Premises for the purpose of receiving signals sent by Load Signalling Equipment and switching on and off, or otherwise controlling, controllable load;

  • 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.