Used Inventory definition

Used Inventory means Inventory of the Borrowers that has been (a) previously sold at retail, (b) registered or titled in any state or jurisdiction, or registered as a Documented Vessel, (c) purchased or acquired by the Borrowers from a source other than the manufacturer, or (d) Units of Used Inventory originally acquired by Borrowers as Eligible New Inventory, but held by the Borrowers for more than two (2) years from the date of delivery to the Borrowers (and in the case of Inventory covered by this clause (d), then the Borrowers shall be deemed to have held such Inventory as "Used Inventory" only from such two year date onward).

Used Inventory means Inventory of the Dealers that has been (a) previously sold at retail, (b) registered, documented or titled in any state or jurisdiction, (c) purchased or acquired by the Dealers from a source other than the manufacturer, or (d) held by the Dealers for more than two years (and in the case of Inventory covered by this clause (d), then the Dealers shall be deemed to have held such Inventory as "Used Inventory" only from such two year date onward).

Used Inventory means Inventory of any Borrower that (a) has been -------------- previously sold at retail, or (b) has been registered, documented or titled in any state or jurisdiction, or (c) has been purchased or acquired by a Borrower from a source other than the manufacturer, and (d) is not more than nine model years old.

Examples of Used Inventory in a sentence

• For example, a dealer could apply for a $300,000 floor plan line of credit to support New Inventory and a $200,000 floor plan line of credit to support Used Inventory.

• Appendix 1 IOL Questionnaire Used Inventory of Losses QuestionnaireTransmission line: ………………………………………………..Questionnaire code: / / ; Survey date: / /2015 A-BACKGROUND INFO1.

• If for some reason the Used Inventory can be excluded from the CNH lien, then Holmes’ judicial lien may attach.

• While it is unclear how the Debtor became in possession of the Used Inventory (either by trade-in, purchase, barter or some other means), the lien held by CNH probably extends to the Used Inventory; therefore, the Used Inventory should be returned to the Debtor.

• Consignor shall invoice AM for Used Inventory at the prices listed in Exhibit A.

More Definitions of Used Inventory

Used Inventory means Inventory consisting of used merchandise held for retail sale in the ordinary course of the business of Borrower. The term "Eligible Used Inventory" shall mean Used Inventory, consisting of audio recordings on compact disk, that would otherwise qualify as Eligible

Used Inventory means Inventory of the Borrowers that has been (a) previously sold at retail, (b) registered or titled in any state or jurisdiction, or registered as a Documented Vessel, (c) purchased or acquired by the Borrowers from a source other than the manufacturer, or

Used Inventory means Inventory owned by a Xxxxxx Borrower that has been (a) used for an intended end-user purpose and (b) titled in the name of a Person other than (i) a Xxxxxx Borrower or (ii) the manufacturer thereof, in each case prior to its acquisition by one of the Xxxxxx Borrowers.

Used Inventory means whole goods Inventory and serialized attachments held for sale, but not for rental or lease, showing more than two hundred fifty (250) hours of usage.

Used Inventory means Inventory of Company or its Subsidiaries that has been (a) previously sold at retail, (b) registered, documented or titled in any state or jurisdiction, (c) purchased or acquired by Company or its Subsidiaries from a source other than the manufacturer, or (d) held by Company or its Subsidiaries for more than

Used Inventory is defined herein to mean any item of Inventory that has been: (i) previously sold at retail; and/or (ii) registered or titled in any state.

Used Inventory means all Borrower's Direct Used Inventory and Indirect Used Inventory.