Slow Moving Inventory definition

Slow Moving Inventory means with respect to any U.S. Borrower or Canadian Borrower or any Canadian Subsidiary Guarantor, as applicable, an amount equal to the Value of such Credit Party’s Qualified Inventory classified by such Credit Party as stock inventory (measured on a stock keeping unit by stock keeping unit basis) (A) that (i) has not been sold or processed within a 180 day period and (ii) which is calculated to have more than 365 days of supply based upon the immediately preceding 6 months of consumption, or (B) to the extent days of supply data in (ii) above is not available then an amount equal to the Value of such Credit Party’s Qualified Inventory classified by such Credit Party as stock inventory (measured on a stock keeping unit by stock keeping unit basis) which has not been sold or processed within the prior 365 day period.

Slow Moving Inventory means inventory on hand with respect to any product that (i) is in excess of the average number of units of such product sold during the 12 months prior to the Closing, or (ii) is not used or sold at any of Buyer’s current locations. For avoidance of doubt, Slow-Moving Inventory shall not include any product that has not been on hand for at least twelve months. 22624134-v3

Slow Moving Inventory means any Inventory in excess of the most recent 12 months of sales or usage for such Inventory (other than newly developed products manufactured or introduced within the last 6 months) and any Inventory that has not been produced within the prior 12 months.

Examples of Slow Moving Inventory in a sentence

• Dredging equipment included the following:▪ A clamshell dredge with main and auxiliary diesel engines,▪ A dredge tender with main and auxiliary diesel engines,▪ A workboat and a crew boat each with a single diesel engine and an auxiliary engine.▪ A barge or scow into which the dredged material was loaded for disposal or reuse.

• Vendor shall provide Blue Coat with a monthly report setting forth the number of Slow Moving Inventory, Excess Components and Obsolete Components.

• All Eligible Inventory and Slow Moving Inventory are now and at all times hereafter shall be of good and merchantable quality, free from defects.

• In the event the value of Borrowers’ Inventory, as so determined pursuant to such appraisal, is less than anticipated by Agent, such that the Revolving Loans against Eligible Inventory, Eligible In-Transit Inventory and Eligible Slow Moving Inventory, are in fact in excess of such Advances permitted hereunder, then, promptly upon Agent’s demand for same, Borrowers shall make mandatory prepayments of the then outstanding Revolving Advances so as to eliminate the excess Advance.

• Unless otherwise contained herein, the maximum total Blue Coat liability for any Slow Moving Inventory, Excess Components or Obsolete Components may not exceed Vendor’s unit price for such Components as set forth in the Product Information Document.

More Definitions of Slow Moving Inventory

Slow Moving Inventory means inventory, (A) with quantities on hand representing more than 180 days of supply based on usage in the last 12 months or (B) with less than, the lesser of (i) 90 days useful life or (ii) 1/4 of its shelf life remaining; provided that, for the avoidance of doubt, with respect to clause (A), only that portion of inventory that exceeds the amount required for 180 days of supply shall be considered Slow Moving Inventory.

Slow Moving Inventory means Inventory held by Borrowers for more than one hundred twenty (120) days.

Slow Moving Inventory means, as of any date, Inventory produced by Borrower more than 12 months prior to such date.

Slow Moving Inventory means goods (i) that have been included in Borrowers' Inventory for in excess of 120 days, or (ii) classified as slow moving on Borrowers' books and records if not otherwise included in clause (i).

Slow Moving Inventory means Inventory of a Borrower that is (a) held for sale in the ordinary course of such Borrower’s business and (b) remains unsold in such Borrower’s stock for greater than 12 months.

Slow Moving Inventory means a Unique Component that has been on hand at Vendor’s site for more than six (6) months provided such Component was not purchased outside of the Component Lead Time necessary to meet the Forecast in effect at the time of purchase.

Slow Moving Inventory means any inventory where 100% of the like inventory has not turned in the previous twelve (12) months.