Transferred Inventories definition
Examples of Transferred Inventories in a sentence
The Transferred Inventories are in good and merchantable condition in all material respects, are suitable and usable for the purposes for which they are intended, except for such items of inventory that have been written down to realizable market value or for which adequate reserves have been provided in a manner consistent with the past practices of Discovery.
None of the Transferred Inventories are obsolete, unusable, slow-moving, damaged or unsaleable in the ordinary course of business, except for such items of inventory that have been written down to realizable market value or for which adequate reserves have been provided in a manner consistent with the past practices of Discovery.
Neither Discovery nor any of its Subsidiaries is under any obligation or liability with respect to accepting returns of Transferred Inventories.
The Transferred Inventories do not consist of any items held on consignment.
Discovery or its Subsidiaries have good and marketable title to the Transferred Inventories free and clear of all Encumbrances, other than Permitted Encumbrances.
Such estimated, unaudited book value of the Intel Transferred Inventories and the Intel Inventory Value were prepared internally by Intel for management reporting purposes only, have not been audited by any independent certified public accountants or auditors and are further qualified by the limitations set forth in Section 3.13(b).
The estimated, unaudited book value of the Intel Transferred Inventories set forth in the Intel Financial Information were determined in a manner not materially inconsistent with GAAP.
The Intel Transferred Inventories are owned free and clear of all Liens other than Permitted Liens.
To the Knowledge of the Key Holder, there has been no unauthorized use, infringement or misappropriation of any of the Transferred Inventories by any third party.
Schedule 3.19(a) contains a list of completed instruments and parts acquired for the purpose of manufacturing, servicing and repairing instruments, in each case included in the Transferred Inventories, that are of a quality saleable and/or useable in the ordinary course of business.