Unprepared Inventory definition

Unprepared Inventory means all Inventory that is not Prepared Inventory.
Sample 1Sample 2
Unprepared Inventory means: (i) all scrap ferrous metal comprised of materials such as obsolete, discarded or abandoned machinery, appliances, equipment, automobiles, metal manufacturing scrap, casting and fabricating scrap materials or other consumer and industrial ferrous goods or by-products to be processed by shearing, torching, baling or otherwise rendered suitable by Seller for its customers' consumption; and (ii) scrap non-ferrous metal comprised of various non-magnetic alloys or co-mingled ferrous and non-ferrous which traditionally would be processed by Seller before shipment. Unprepared Inventory does not include any non-saleable ferrous or non-ferrous materials resulting from Seller's operations or contained within dirt or other non-processable medium within the Owned Facilities.
Sample 1Sample 2
Unprepared Inventory means: (i) all scrap ferrous metal comprised of obsolete, discarded or abandoned machinery, appliances, equipment, automobiles, metal manufacturing, casting and fabricating waste materials or other consumer and industrial steel goods or by-products to be processed by Money Point for resale; and (ii) scrap non-ferrous metal comprised of non-magnetic alloys of copper, brass, aluminum, stainless steel, zinc die-cast, insulated wire (aluminum and copper) and other related metals to be processed by Money Point for resale. Unprepared Inventory does not include any non-saleable ferrous or non-ferrous materials contained in Shredder Residue or the other non-saleable residual materials resulting from Money Point's operations or contained within dirt or other non-processable medium within the Owned Facility.
Sample 1

Examples of Unprepared Inventory in a sentence

  • For purposes of calculating the value of inventory, Unprepared Inventory shall be valued at a price equal to the average price Seller has paid for comparable material received across its scales in the ten business days immediately preceding the valuation, and Prepared Inventory shall be valued at market price, less the cost of shipping.

  • Maintenance of temperature during shipment is verified by examining the shipment temperature upon receipt.

  • For purposes of calculating the value of inventory, Unprepared Inventory shall be valued at a price equal to the average price Money Point has paid for comparable material received across its scales in the ten business days immediately preceding the valuation, and Prepared Inventory shall be valued at market price, less the cost of shipping.

  • For purposes of calculating the value of inventory, Unprepared Inventory shall be valued at a price equal to the average price Peanut City has paid for comparable material received across its scales in the ten business days immediately preceding the valuation, and Prepared Inventory shall be valued at market price, less the cost of shipping.

  • Money Point shall remove, at its cost, all trash, fluff (other than that which constitutes or is included in the Unprepared Inventory), tires and any other similar waste materials from the Owned Facilities prior to the Closing.

  • The piles of Unprepared Inventory observed and measured on November 21, 1997 (the "Inventory Date") are located on level ground and are comprised solely, throughout the pile, of the quality and grade of material visible on the outer surface of the pile.

  • Peanut City shall remove, at its cost, all trash, fluff (other than that which constitutes or is included in the Unprepared Inventory), tires and any other similar waste materials from the Owned Facilities prior to the Closing.

  • The piles of Unprepared Inventory observed and measured on May 17, 1998 (the "Inventory Date") are located on level ground and are comprised solely, throughout the pile, of the quality and grade of material visible on the outer surface of the pile.


More Definitions of Unprepared Inventory

Unprepared Inventory means: (I) all scrap ferrous metal comprised of obsolete, discarded or abandoned machinery, appliances, equipment, automobiles, metal manufacturing, casting and fabricating waste materials or other consumer and industrial steel goods or by-products to be processed by Peanut City for resale; and (ii) scrap non-ferrous metal comprised of non-magnetic alloys of copper, brass, aluminum, stainless steel, zinc die-cast, insulated wire (aluminum and copper) and other related metals to be processed by Peanut City for resale. Unprepared Inventory does not include any non-saleable ferrous or non-ferrous materials resulting from Peanut City's operations or contained within dirt or other non-processable medium within the Owned Facility.
Sample 1
Unprepared Inventory means: (i) all scrap ferrous metal comprised of obsolete, discarded or abandoned machinery, appliances, equipment, automobiles, metal manufacturing, casting and fabricating waste materials or other consumer and industrial steel goods or by-products to be processed by the Company for resale; and (ii) scrap non-ferrous metal comprised of non-magnetic alloys of copper, brass, aluminum, stainless steel, zinc die-cast, insulated wire (aluminum and copper) and other related metals to be processed by the Company for resale.
Sample 1
Unprepared Inventory means: (i) all scrap ferrous metal comprised of materials such as obsolete, discarded or abandoned machinery, appliances, equipment, automobiles, metal manufacturing scrap, casting and fabricating scrap materials or other consumer and industrial ferrous goods or by-products to be processed by shredding, shearing, torching, baling or otherwise rendered suitable for a customer's consumption by Seller; and (ii) scrap non-ferrous metal comprised of various non-magnetic alloys or co-mingled ferrous and non-ferrous (irony aluminum) which traditionally would be thermally-separated, shredded or otherwise processed by Seller before shipment. Unprepared Inventory does not include any ferrous or non-ferrous materials contained in Shredder Residue, residual material resulting from Seller's operations, dirt or other medium which are not economically processable within the Owned Facilities.
Sample 1

Related to Unprepared Inventory

  • Transferred Inventory has the meaning set forth in Section 2.2(a)(iii).

  • Excluded Inventory means any of the following inventory of goods, merchandise, or other inventory of Seller located at the Leased Premises: (a) all items in the Fresh Departments;

  • Qualified Inventory means all Raw Materials Inventory, Semi-Finished Goods and Scrap Inventory and Finished Goods Inventory held by a Credit Party in the normal course of business and owned solely by such Credit Party (per plant level records whereby manufactured items are valued at pre-determined costs and purchased items are valued at rolling average actual cost).

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Product Inventory means all inventory of the Product owned by Seller or its Affiliates as of the Closing, including raw materials, work-in-process, bulk form drug and finished Product.

  • Consigned Inventory means Inventory of any Borrower that is in the possession of another Person on a consignment, sale or return, or other basis that does not constitute a final sale and acceptance of such Inventory.

  • Excess Inventory means all Inventory and Special Inventory possessed or owned by Flextronics that is not required for consumption to satisfy the next [***] of demand for Products under the then-current purchase order(s) and forecast.

  • Obsolete Inventory means items that have expired, are redundant or

  • Eligible Inventory means and include Inventory, excluding work in process, with respect to each Borrower, valued at the lower of cost or market value, determined on a first-in, first-out basis, which is not obsolete, slow moving or unmerchantable as determined by Agent in its Permitted Discretion and which Inventory, based on such considerations as Agent may from time to time deem appropriate in its Permitted Discretion including whether the Inventory is subject to a perfected, first priority security interest in favor of Agent and no other Lien (other than a Permitted Encumbrance). Notwithstanding anything herein to the contrary, no Inventory shall be Eligible Inventory to the extent such Inventory was acquired by a Borrower pursuant to an entity creation under Section 7.12 or a Permitted Acquisition, unless Agent has (i) completed field examinations with respect to such Inventory, the results of which are satisfactory in form and substance to Agent in its Permitted Discretion or (ii) waived such restriction in its Permitted Discretion. In addition, Inventory shall not be Eligible Inventory if it: (a) does not conform in all material respects to all standards imposed by any Governmental Body which has regulatory authority over such goods or the use or sale thereof; (b) is in transit (other than between one or more locations where Borrowers are permitted hereunder to maintain or store Inventory and such location is the subject of a Lien Waiver Agreement or a Processor’s Agreement, as applicable, unless such location is owned by Borrower); (c) is located outside the continental United States or at a location that is not otherwise in compliance with this Agreement; (d) constitutes Consigned Inventory (other than Consigned Inventory that is subject to a warehouseman’s waiver in form and substance satisfactory to Agent); (e) is the subject of an Intellectual Property Claim; (f) is subject to a License Agreement that limits, conditions or restricts the applicable Borrower’s or Agent’s right to sell or otherwise dispose of such Inventory, unless Agent is a party to a Licensor/Agent Agreement with the Licensor under such License Agreement (or Agent shall agree otherwise in its Permitted Discretion after establishing reserves against the Formula Amount with respect thereto as Agent shall deem appropriate in its Permitted Discretion); (g) at any time following seventy-five (75) days after the Closing Date (or such later date agreed to by Agent), is situated at a location not owned by a Borrower unless the owner or occupier of such location has executed in favor of Agent a Lien Waiver Agreement or a Processor’s Agreement, as applicable (or Agent shall have established reserves against the Formula Amount with respect thereto as Agent shall deem appropriate in its Permitted Discretion in an amount not to exceed the equivalent of three (3) months’ rental obligation with respect to such location); or (h) if the sale of such Inventory would result in the creation of a Receivable which, on the date of such sale, would fail to constitute an Eligible Receivable due to the operation of any of clauses (b), (c) or (e) – (p) of such definition.

  • Inventories means “Inventories” as defined in the Uniform System of Accounts, such as, but not limited to, provisions in storerooms, refrigerators, pantries and kitchens; beverages in wine cellars and bars; other merchandise intended for sale; fuel; mechanical supplies; stationery; and other expensed supplies and similar items.

  • Eligible Finished Goods Inventory means all Finished Goods Inventory that is Eligible Inventory.

  • Inventory Value has the meaning set forth in Section 2.1.

  • Inventory control system means a system described in Section 4-41a-103.

  • Inventory Formula Amount means (i) the lesser of (x) 75% of the Value of Eligible Inventory and (y) 85% of the NOLV Percentage of the Value of Eligible Inventory plus (ii) the lesser of (x) the lesser of (1) 75% of the Value of Eligible In-Transit Inventory and (2) 85% of the NOLV Percentage of the Value of the Eligible In-Transit Inventory and (y) $10,000,000.

  • In-Transit Inventory means Inventory of a Borrower which is in the possession of a common carrier and is in transit from a Foreign Vendor of a Borrower from a location outside of the continental United States to a location of a Borrower that is within the continental United States.

  • Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Great American Group dated June 2007 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraisal firm pursuant to Section 9.2(b).

  • Excluded Equipment means (i) defibrillators, enhanced emergency medical kits and other medical equipment, (ii) airphones and other components or systems installed on or affixed to the Airframe that are used to provide individual telecommunications or electronic entertainment to passengers aboard the Aircraft, (iii) galley carts, beverage carts, waste containers, liquor kits, food tray carriers, ice containers, oven inserts, galley inserts, and other branded passenger convenience or service items, (iv) any items, equipment or systems leased by Company or any Permitted Lessee (other than items, equipment, or systems that are leased from Company pursuant to the applicable Lease) or owned by Company or any Permitted Lessee subject to a conditional sales agreement or a security interest (other than the security interest granted under the Indenture), and (v) cargo containers.

  • Net Book Value means the net book value of the relevant Supplier Asset(s) calculated in accordance with the depreciation policy of the Supplier set out in the letter in the agreed form from the Supplier to the Costumer of even date with this Call Off Contract;

  • Excess Concentration means, without duplication, the sum of the following amounts:

  • Consolidated Total Tangible Assets means, as of any date, the Consolidated Total Assets as of such date, less all goodwill and intangible assets determined in accordance with GAAP included in such Consolidated Total Assets.

  • Eligible In-Transit Inventory means, as of any date of determination thereof, without duplication of other Eligible Inventory, In-Transit Inventory:

  • Capital Equipment means machinery and equipment purchased or leased, and used in this state by the purchaser or lessee primarily for manufacturing, fabricating, mining, or refining tangible personal property to be sold ultimately at retail if the machinery and equipment are essential to the integrated production process of manufacturing, fabricating, mining, or refining. Capital equipment also includes machinery and equipment used primarily to electronically transmit results retrieved by a customer of an online computerized data retrieval system.

  • Farm equipment means equipment used directly for farming

  • Goods/Materials means any of the articles, materials, machinery, equipments, supplies, drawing, data and other property and all services including but not limited to design, delivery, installation, inspection, testing and commissioning specified or required to complete the order.

  • Cost of materials means the cost of components, parts or materials which are intended for the production, manufacturing or assembling of the goods bid for and which are not produced, manufactured or assembled in the factory where the production, manufacture or assembly of such goods occurs, including freight, landing costs, port charges, import duties and other import costs of such components, parts or materials and all costs in connection with the handling and transport thereof prior to delivery at that factory;

  • Stored value means monetary value that is evidenced by an electronic record.