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.
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Examples of Residual Inventory in a sentence

  • 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.

  • Celestica and Madg▇ ▇▇▇ertake 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 Madg▇ ▇▇ Celestica as per the Manufacturing and Supply Agreement.

  • 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.

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

  • 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.

  • 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.

  • As the Residual Inventory is depleted until and including the Effective Date, deliveries to fill outstanding orders will be effected directly from Imation S.p.A.

  • 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.