Raw Materials Inventory definition

Raw Materials Inventory means any raw materials used or consumed in the manufacture or production of other inventory including, without limitation, iron ore and sinter, coke, coal, limestone and other alloys and fluxes, but excluding steel scrap and iron scrap (it being understood that steel scrap and iron scrap shall be included in Inventory not constituting “Raw Materials”).

Raw Materials Inventory means all Inventory of the Borrower consisting of raw materials.

Raw Materials Inventory means, with respect to the Company, the consolidated raw materials and work-in-process inventory of the Company, net of reserves, determined in accordance with GAAP.

Examples of Raw Materials Inventory in a sentence

• The following definitions are deleted from Section 1.01 of the Agreement: Active Excess Inventory, Active No Requirement Inventory, Eligible Arden Finished Goods Inventory; Eligible Arden Raw Materials Inventory; Eligible Finished Goods Inventory; Eligible Gift Inventory, Eligible Inventory, Eligible Raw Material Inventory, FFI Accounting System, Historical Inventory, Intercreditor Agreement, Seller Preferred, Senior Notes and Slow Moving Inventory.

• The Borrower shall deliver, after the end of each Quarterly Reporting Period, to the Agent, Inventory records, in such detail as the Agent and the Lenders shall deem reasonably necessary to determine the level of Eligible Raw Materials Inventory and Eligible Work-in-Process Inventory.

• Eligible Southern Frac Raw Materials Inventory; Eligible Southern Frac Tanks.

• The amount of Eligible Raw Materials Inventory and Eligible Work-in-Process Inventory and the determination as to which accounts receivable constitute Eligible Billed Accounts Receivable and which constitute Eligible Unbilled Accounts Receivable to be included on each Borrowing Base Certificate shall, absent a request from the Agent that such amounts be calculated more frequently, be the amount that is calculated and updated monthly pursuant to subsections (e) and (f) below.

• The Administrative Agent may, from time to time in its Permitted Discretion (x) establish, modify or eliminate Reserves and (y) adjust the eligibility criteria or establish new eligibility criteria with respect to Eligible Receivables, Eligible Inventory, Eligible Raw Materials Inventory, Eligible On-Hand Finished Goods Inventory and Eligible In-Transit Finished Goods Inventory.

More Definitions of Raw Materials Inventory

Raw Materials Inventory means, as of any date of determination, the amount representing raw materials inventory of the Borrower and the Subsidiaries that would appear on a consolidated balance sheet of the Borrower and its Subsidiaries at such time prepared in accordance with GAAP.

Raw Materials Inventory means all Inventory of the Borrowers consisting of raw materials.

Raw Materials Inventory means raw materials held for the purpose of production into a finished product (which finished product is to be held by Borrower for sale, lease or furnishing under a contract for service in the ordinary course of Borrower’s business), but which have not yet been subject to the commencement of such production, and which are new and unused and free from defects which would, in Lender’s sole determination determined in good faith, affect their market value.

Raw Materials Inventory means the Raw Materials acquired by Graceway pursuant to the Allergan Agreement.

Raw Materials Inventory has the meaning set forth in Section 3.16(b).

Raw Materials Inventory has the meaning given to such term in the Revolving Credit Agreement as in effect on the Closing Date.

Raw Materials Inventory has the meaning set forth in Section 2.1(b).