Unprepared Inventory definition

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.
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Unprepared Inventory means all Inventory that is not Prepared Inventory.
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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

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 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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 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.

  • For purposes of calculating the value of inventory, Unprepared Inventory shall be valued at a price equal to the average price the Company 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.


More Definitions of Unprepared Inventory

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
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 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

Related to Unprepared Inventory

  • Transferred Inventory has the meaning set forth in Section 1.1(e).

  • Excluded Inventory shall have the meaning set forth in Section 2.4.

  • 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 owned as of the Closing by Seller or any Affiliate thereof of finished Product that is in conformance with the Specifications and has an expiration date of October 1, 2016 or later, regardless of whether such inventory is held at a location or facility of Seller or any Affiliate (or of any other Person on behalf of Seller or any Affiliate, including in any of Seller’s warehouses, manufacturers, suppliers, distributors or consignees) or in transit to or from Seller or any Affiliate (or any such other Person).

  • 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.

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

  • Eligible Inventory means, with respect to any Borrower, all Trailers (less than ten years old), Aircraft and Aircraft engines complying with Stage III noise reduction requirements, Railcars (less than twenty-five years old), marine containers (less than ten years old), and, if approved by the Requisite Lenders, other related Equipment, in each case that (a) is owned of record by such Borrower or a Marine Subsidiary of such Borrower (or jointly by such Borrower and one or more of the other Borrowers) or, subject to the approval of Agent, any Owner Trustee of which such Borrower is the sole beneficiary or owner (or is the beneficiary or owner jointly with one or more of the other Borrowers), as applicable, (b) is subject to a Lease acceptable to Agent in its sole discretion (as reviewed in full in connection with each requested borrowing hereunder), which Lease shall, at a minimum, (A) be non-cancelable, (B) be with a lessee of acceptable credit quality as determined by Agent, and (C) be of a firm term in excess of one (1) year, except that cargo-containers and Trailers may be on Utilization Leases; (c) has a value and marketability reasonably satisfactory to the Agent; and (d) is free and clear of all Liens, except (i) any interest of a lessee thereof pursuant to a Lease entered into with such Borrower or a Marine Subsidiary of such Borrower or such Borrower’s or such Marine Subsidiary’s predecessor in interest or such Owner Trustee or nominee entity, as lessor, or (ii) as otherwise permitted by Section 6.1, provided that any Liens of the type permitted under clause (ii) encumbering any item of Equipment shall not secure obligations in amounts which materially impair the equity value in such item of Equipment. Requisite Lenders in their sole discretion, on a case by case basis, may approve other items or types of Equipment for credit under "Eligible Inventory" from time to time. Equipment which is Eligible Inventory will cease to be Eligible Inventory at any time it no longer continues to meet all of the above requirements.

  • 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 Inventory that qualifies as Eligible Inventory and consists of first quality finished goods held for sale in the ordinary course of Borrowers’ business.

  • Inventory Value means with respect to any Inventory of a Loan Party at the time of any determination thereof, the standard cost determined on a first in first out basis and carried on the general ledger or inventory system of such Loan Party stated on a basis consistent with its current and historical accounting practices, in Dollars, determined in accordance with the standard cost method of accounting less, without duplication, (i) any markup on Inventory from an Affiliate and (ii) in the event variances under the standard cost method are expensed, a Reserve reasonably determined by the Agent as appropriate in order to adjust the standard cost of Eligible Inventory to approximate actual cost.

  • 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 the sum of the following amounts, without duplication:

  • 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

  • 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.

  • Plant and Equipment means permanent plant, equipment, machinery, apparatus, articles and things of all kinds to be provided and incorporated in the Facilities by the Contractor under the Contract (including the spare parts to be supplied by the Contractor under GCC Sub-Clause 3.3 hereof), but does not include Contractor’s Equipment.

  • Fixed Equipment means any property affixed in any way to the Licensed Premises existing at the time Notice to Proceed is given, whose removal would damage the Licensed Premises.