Residual Inventory definition

Residual Inventory means inventory from a transferred or terminated Government or commercial contract.
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Residual Inventory collectively the Inventory located in Spain, Germany and Netherlands, and the Inventory required for the final finishing operations at P38 in France. 1.01.33 "Italian Business" : all Assets and Liabilities of the Businesses operated by the Italian Vendors at the facility in Ferrania (Italy) owned and operated by Imation S.p.A.
Sample 1

Examples of Residual Inventory in a sentence

  • SCHEDULE 2.1-B identifies the Assets consisting of Residual Inventory, including the Book Value of such items as of the date of this Agreement.

  • All items of Residual Inventory rejected by Buyer because of Buyer's reasonable determination that they are either (i) not related to the Business, (ii) obsolete or (iii) inappropriately valued.

  • Celestica and Madgx xxxertake that they will work together to define and agree, before January 21, 2000, the actual level of Excess and Residual Inventory, and therefore the amount due from Madgx xx Celestica as per the Manufacturing and Supply Agreement.

  • An amount equal to the lesser of (i) 50% of the Book Value as of the Closing Date of the Residual Inventory (but excluding Rejected Inventory), or (ii) $350,000.

  • The Work in Process Components, the New Inventory, the Ordered Inventory and the Residual Inventory, but excluding Rejected Inventory.

  • Upon full disbursement of the Additional Loans, Borrower covenants that, at all times, the Additional Loans shall not exceed 70% of the Residual Inventory Value plus cash on hand, tested weekly.

  • Failure to maintain the minimum Residual Inventory Value shall be an Event of Default under the Loan Agreement, and shall entitle Lender to all default remedies under the Loan Agreement, the other Loan Documents, and applicable law.

  • SCHEDULES 2.1-A and 2.1-B include correct and complete descriptions of the Work in Process Components and Residual Inventory, respectively, and the associated Book Values.

Related to Residual 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.

  • Rental Equipment means the equipment identified on the Service Agreement and Order Schedule or otherwise notified to you in writing that we will rent to you as part of our provision of the Services and which you will return to us after expiry or termination of the Agreement, subject to the provisions of this Agreement.