Saleable Inventory definition
Saleable Inventory means all of the Company’s parts and products intended for sale to third parties existing as of the Closing that are sold during the period beginning on the Closing and ending ninety (90) days after the Closing.
Saleable Inventory means all Merchandise that is first ------------------ quality inventory and all Merchandise located at the Stores (but not the Warehouses) that is less than first quality inventory but that is on the selling floor and is saleable in the ordinary course, including samples and displays that are not Defective Merchandise.
Saleable Inventory means Distributor's entire inventory of Products except Products that are obsolete, have less than 90 days remaining shelf life, are not in good resaleable condition or are not in their original packaging.
Examples of Saleable Inventory in a sentence
Schedule 4.8 sets forth a complete list of all Saleable Inventory of the Products or parts of the products, including initial cost and recent practicable book value.
More Definitions of Saleable Inventory
Saleable Inventory means: (A) the finished goods of the Products held for sale by or for the benefit of NCP that are in good and merchantable condition; (B) ▇▇▇▇▇▇▇ ▇▇▇▇▇’▇’ stock of labels and packaging that is current and useable in the production of the Products for commercial sale; (C) any production samples of the Products being held for stability and production control; and (D) any components of Saleable Inventory specifically identified in the executed Purchase Agreement. NCP agrees to purchase all existing inventory from ▇▇▇▇▇▇▇ ▇▇▇▇▇ to fulfill consumer and customer orders as long as the inventory remains in a condition suitable for sale. o NCP must continuously maintain for the entire “Royalty Period” (as hereinafter defined), product liability insurance in the amount of no less than two million dollars ($2,000,000), which policy must, at a minimum, cover claims regarding all covered products regardless of who manufactured same. NCP further agrees to name ▇▇▇▇▇▇▇ ▇▇▇▇▇ as an additional insured under all such policies. o NCP agrees that, notwithstanding the amount of the actual Adjusted Gross Receipts for Covered Products, it shall pay ▇▇▇▇▇▇▇ ▇▇▇▇▇ a Minimum Royalty Payment of five hundred dollars ($500.00) per month for all Covered Products sold during the monthly period. The monthly Minimum Royalty Payment will be calculated against actual Royalty Payments on an annual basis. The Minimum Royalty Payment will only be provided to ▇▇. ▇▇▇▇▇ in the case that current fiscal year to date payment is below the defined Minimum Royalty Payment terms. This Minimum Royalty Payment will become effective on April 1, 2012 and continue in effect for the full twenty year duration of the Royalty Period The Royalty Payments shall be paid without set-off or deduction of any kind. Upon successful sale of the product line as defined below, ▇▇▇▇▇▇▇ ▇▇▇▇▇ will not be entitled to Royalty Payments beyond this transaction date.
Saleable Inventory means all Inventory which (i) is not damaged, defective or obsolete; (ii) is readily usable for or saleable to existing customers of the Business in the normal course of business; (iii) meets all applicable requirements of any Governmental Authority, and (iv) meets all other applicable quality standards for manufacturing or resale.
Saleable Inventory means Products that are marketable, unused, and not expired, and which are not discontinued, samples or special promotion goods.
Saleable Inventory means Amari's inventory that (i) is in good condition and undamaged and (ii) can be sold in usual commercial channels.
Saleable Inventory has the meaning ascribed thereto at Section 2.3;
Saleable Inventory means all inventory of the Products in condition acceptable to the trade customers and not more than 360 days old.
Saleable Inventory includes those Products that are current products, have a minimum of one-third of their shelf life remaining, continue to be in physically saleable condition, that are not demonstration units, and that were originally purchased by Guidant from MTI after June 30, 2001 (using the inventory reports described in Section 4(e)). The date of purchase of New Generation Products provided to Guidant pursuant to Section 4(a) hereof shall be based upon the date that the Products replaced by the New Generation Products were originally sold to Guidant.