Shipped Goods definition

Shipped Goods means Inventory of a Borrower or its Subsidiaries that has been shipped to a customer, in connection with being sold, but which has not yet been invoiced, on terms and conditions that are consistent with the “shipped not invoiced” procedure that is set forth on Schedule S-1 of the Disclosure Letter.
View Source

Examples of Shipped Goods in a sentence

  • Other than Shipped Goods and Benchmark Inventory, consign any of its or their Inventory in an amount exceeding (i) $5,000,000 with respect to any one location at any one time, or (ii) $15,000,000 in the aggregate at any one time, or sell any of its or their Inventory on ▇▇▇▇ and hold, sale or return, sale on approval, or other conditional terms of sale.

  • Delivery of Shipped Goods by the Vendor to the Destination shall be on a “FOB Delivered” basis and shall be delivered at the Destination by the date specified in the Purchase Order (“Delivery Date”).

  • Vendor shall package all Shipped Goods in accordance with ▇▇▇▇’▇ packaging specifications and/or prevailing commercial best practices to ensure they will be free of damage upon arrival at the Destination.

  • The Vendor shall be responsible for securing all permits necessary to import the Shipped Goods into Canada, as necessary, and shall pay the costs thereof.