Unprocessed Inventory definition

Unprocessed Inventory means: (i) all scrap ferrous metal comprised of obsolete, discarded or abandoned machinery, appliances, equipment, automobiles or other by-products to be processed by ARC for resale; and (ii) scrap non-ferrous metal comprised of non-magnetic alloys of copper, brass, aluminum and other related metals to be processed by ARC for resale. Unprocessed Inventory does not include any ferrous or non-ferrous materials contained in Shredder Residue or the other residual materials resulting from ARC's operations or contained within dirt or other non-processable medium within the Owned Facility.
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Unprocessed 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 nonferrous metal comprised of various nonmagnetic alloys or co-mingled ferrous and nonferrous which traditionally would be processed by Seller before shipment. Unprocessed Inventory does not include any nonsaleable ferrous or nonferrous materials resulting from Seller's operations or contained within dirt or other nonprocessable medium within the Owned Facility.
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Unprocessed Inventory means all scrap ferrous metal comprised of obsolete, discarded or abandoned machinery, appliances, equipment, automobiles or other by-products to be processed by Seller for resale and all scrap non-ferrous metal comprised of non-magnetic alloys of copper, brass, aluminum and other related metals to be processed by Seller for resale. Unprocessed Inventory does not include any ferrous or non-ferrous materials contained in the residual materials resulting from Seller's operations or contained within dirt or other non-processable medium within the Real Property of Seller.
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Examples of Unprocessed Inventory in a sentence

  • The piles of Unprocessed Inventory observed and measured on 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.

  • In conjunction with the determination of the quantities of Unprocessed Inventory, RIGI and its representatives shall be entitled to participate in determining the physical inventory thereof as well as to inspect all work papers, schedules and other supporting materials.

  • The Purchase Price, exclusive of the value of the Unprocessed Inventory as determined in accordance with Section 3.2, above, shall be allocated among the ARC Assets and the Non-Compete provision as set forth on Schedule 3.3.

  • Subject to Section 10.14 below, RISCI shall pay the total amount of $6,000,000 plus an amount equal to the value of AIC's Unprocessed Inventory, as determined in accordance with Section 3.2, below in immediately available funds at Closing (the "Purchase Price") to AIC for the purchase of the AIC Assets.

  • In conjunction with the determination of the quantities of Unprocessed Inventory, RISCI and its representatives shall be entitled to participate in determining the physical inventory thereof as well as to inspect all work papers, schedules and other supporting materials.

  • The Inventory and Supply Inventory which Seller is selling to Buyer consists of Processed and Unprocessed Inventory, manufactured and purchased parts and supplies, substantially all of which is merchantable and fit for the purpose for which it was procured or manufactured, subject to only the reserve for inventory writedown set forth in the Seller Financial Statements, as adjusted for the passage of time through the Closing Date in accordance with past custom and practice of Seller.