Total Inventory definition

Total Inventory means the Assigned Inventory and the Guaranteed

Total Inventory. (less) non-Eligible Inventory: __________________ equals [Eligible Inventory: __________________] [-------------------- -------------------- --------------------] -------- 1 Insert title if being delivered by other office or member of management of Stellex Industries, Inc. with significant responsibility for its financial affairs. 50% of Eligible Inventory: __________________ ("T1")

Total Inventory is the aggregate of 30% of Eligible Finished Goods Inventory (valued at the lower of cost or wholesale fair market value) plus 15% of Eligible Raw Materials (valued at the lower of cost or wholesale fair market value). “Total Liabilities” is on any day, obligations that should, under GAAP, be classified as liabilities on the Borrowers’ consolidated balance sheet, including all Indebtedness, and current portions of Subordinated Debt (other than interest) permitted by Bank to be paid by the Borrowers on or prior to the Revolving Line Maturity Date, but excluding all other Subordinated Debt.

Examples of Total Inventory in a sentence

• Thereafter, the Parties shall mutually agree in writing to prepayment against Total Inventory and/or to those contract amendments and/or modifications required to meet the agreed Inventory Turns in the most recent calendar quarter as well as the next calendar quarter.

• For example, if the measurement period is one calendar quarter, the current quarter-end Product Revenue is $[***] and Total Inventory is $[***], then ($[***] x [***]qtrs)/$[***] = [***] Inventory Turns.

• INVENTORYThe Company’s inventory includes the following at September 30, 2019 and December 31, 2018: Raw Materials - Harvested Cannabis $273,048 $247,588 Work in Process - Flower and Extract 4,433,152 3,437,445 Finished Goods - Cultivation Supplies 377,162 — Finished Goods - Packaged Products 3,662,120 343,473 Total Inventory $8,745,482 $4,028,506 Raw material is harvested cannabis where the flower has not been removed.

• If the Adjusted Debt Ratio is less than 96.2%, the principal amount of the Promissory Note shall be increased by the product of a times c where "a" is Net Total Inventory as of the Closing Date and "c" is the difference between 96.2% and the Adjusted Debt Ratio.

• At the Closing, Buyer shall pay to Seller the amount (if any) by which the aggregate of the Estimated Total Inventory Price, the Reimbursed Expenses Price, the Severance Coverage Payment and the Initial Monthly Transition Fee exceeds the Payoff Amount.

More Definitions of Total Inventory

Total Inventory means the Assigned Inventory and the Guaranteed(gg)(hh) Inventory.9.2. 9.2. Additional Defined Terms.. The following terms have the meanings set forth in the Sections set forth below: Defined Term LocationActions Section 4.5Agreement PreambleAllocation Section 10.1(b)Assumed Liabilities Section 1.3Assigned Contracts Assigned Documents Assigned FF&E Assigned Goodwill Assigned IndemnitiesAssigned Insurance Claims Assigned ITAssigned Inventory Assigned Leases Assigned Marks Assigned Permits Assigned Tax ClaimsSection 1.1(b) Section 1.1(j) Section 1.1(e) Section 1.1(m) Section 1.1(h) Section 1.1(g) Section 1.1(f) Section 1.1(d) Section 1.1(c) Section 1.1(a) Section 1.1(i) Section 1.1(k)Bankruptcy Code RecitalsBankruptcy Court RecitalsBankruptcy Court Orders Section 6.1(c)Bankruptcy Exceptions Benefit PlansBusiness Chapter 11 Case ClosingClosing Cash Consideration Closing DateClosing Inventory Costs CPA FirmCustomer Orders DepositDeposit Escrow Account Deposit Escrow Agent Deposit Escrow Agreement EmployeeEstimated Closing Statement Excluded AssetsExcluded LiabilitiesSection 4.2 Section 1.4(d) Recitals Recitals Section 3.1 Section 2.2(b) Section 3.1 Section 2.2(a) Section 2.2(d) Section 1.1(b) Section 2.3(a) Section 2.3(a) Section 2.3(a) Section 2.3(a) Section 1.4(h) Section 2.2(b) Section 1.2Section 1.4Defined Term LocationExcluded Purchased Contracts Execution DateFF&EFinal Closing Statement Insurance Policies Interim Arrangement Inventory Holdback Northwest Northwest.comOutside DatePost-Closing Escrow Amount Post-Closing Escrow Shortfall Purchase DepositPurchase Escrow Account Purchase Escrow Agent Purchase Escrow Agreement Purchase PricePurchased Assets Purchased Contracts Purchaser Registered IP Representatives SellerStarting Inventory Cost Starting Supplier Deposits Transfer TaxesVendor OrdersSection 1.1(b) Preamble Section 1.1(e) Section 2.2(c) Section 4.12 Section 7.3(b) Section 2.2(b) Preamble Preamble Section 3.4(b) Section 2.2(b) Section 2.2(b) Section 2.3(c) Section 2.3(c) Section 2.3(c) Section 2.3(c) Section 2.1(a) Section 1.1 Section 1.1(b) Preamble Section 4.6Section 7.2 Preamble 2.2(a)2.2(a)Section 10.1 Section 1.1(b) Defined Term Location Actions Section 4.5 Agreement Preamble Allocation Section 10.1(b)Assumed Liabilities Section 1.3 Assigned Contracts Section 1.1(b)

Total Inventory means the Assigned Inventory and the GuaranteedInventory.

Total Inventory means all Finished Lots, work in process and Land Under Development as shown on the consolidated balance sheet of WHI and its Consolidated Subsidiaries.

Total Inventory means the total gross amount of Borrower’s Inventory which Borrower is required to report on all of the Borrowing Base Certificates.

Total Inventory has the meaning specified in SECTION 3.6.

Total Inventory means and include, as of the date of any determination thereof, all lots, land, land improvements, construction in progress, model homes, purchase contracts, deposits and capitalized interests of the Company or any Subsidiary together with any other amounts indicated as inventories in the then most recent consolidated balance sheet of the Company and its Subsidiaries.

Total Inventory is the set of “Inventory” purchased by Flextronics plus “Consigned Materials” provided by the Client. A predictable and meaningful forecast against a stable xxxx of materials (“BOM”) for the Product may not be immediately available and Flextronics will therefore use written or email authorization from Client to initiate procurement activities. The authorization will include a reference to a current BOM or list of materials. Client hereby authorizes Flextronics to procure Inventory to perform the Services with two exceptions: