WIP Inventory definition

WIP Inventory means the work-in-progress inventory of Product at the Contractor.
Sample 1Sample 2Sample 3
WIP Inventory means the fermented corn bushels that Seller or its Affiliates have title to which are, as of the Inventory Transfer Time, still involved in the production and fermenting process (including, slurry, liquification, fermentation and beerwell) within each of the Ethanol Plant and excludes any non-merchantable substances or products such as water or waste product. The parties agree that Undenatured Ethanol shall be included as WIP Inventory, but for purposes of this Exhibit shall be measured and valued hereunder as Product Inventory.
Sample 1Sample 2
WIP Inventory means the work-in-progress inventory of the Corporations in accordance with IFRS.
Sample 1Sample 2

Examples of WIP Inventory in a sentence

  • Contractor shall provide competent personnel in the Factory to perform inventories of Materials, WIP Inventory and Finished Goods located at the Factory.

  • Contractor shall provide competent personnel in the Factory to perform inventories of Materials, WIP Inventory and Finished Goods located at the Factory, and to otherwise support inspections by Company.

  • Contractor shall: (a) take delivery, store and use at the Factory the Provided Equipment using the same degree of care as Contractor exercises in respect of its own similar property; and (b) inform Company of the exact location of the Provided Equipment, if it is located outside the Contractor’s principal manufacturing or storage facilities, as well as the location of all Finished Goods and WIP Inventory stored outside of Contractor’s principal manufacturing and storage facilities.

  • Contractor shall: (a) take delivery, store and use at the Factory the Provided Equipment using the same degree of care as Contractor exercises in respect of its own similar property; and (b) inform Company of the exact location of the Provided Equipment, if it is located outside the Contractor's principal manufacturing or storage facilities, as well as the location of all Finished Goods and WIP Inventory stored outside of Contractor's principal manufacturing and storage facilities.

  • Contractor shall: (a) take delivery, store and use at the Factory the Provided Equipment using the same degree of care as Contractor exercises in respect of its own similar property; and (b) inform Company of the exact location of the Provided Equipment, if it is located outside the Contractor's principal manufacturing or storage facilities, as well as the location of all Finished Goods and WIP Inventory stored outside of Contractor's principal manufacturing or storage facilities.

  • WIP Inventory WIP Pricing is the same as the Corn price for “fermented corn bushels” multiplied by the quantified fermented corn bushels.

  • All volumes of Product making up the Product Inventory and the WIP Inventory that do not meet the relevant quality specifications shall be subject to downward price adjustments in an amount to be determined by the Parties negotiating in good faith.

  • The measurements of the Product Inventory and WIP Inventory shall be done at the agreed time by the Inventory Committee.

  • On or before fifteen (15) days following the Closing Date, Buyer shall cause the Inspection Company to provide the parties with a physical inventory report indicating the qualitative test results by tank or storage facility of the Product Inventory and WIP Inventory (the “Product Inventory Quality Report”).

  • In the event calibration tables (as measured and calculated by an independent company in the tank calibration business) do not exist, the Product Inventory and WIP Inventory shall be calculated using the normal method in use at the Ethanol Plant.


More Definitions of WIP Inventory

WIP Inventory has the meaning set forth in Section 2.2(a).
Sample 1
WIP Inventory means, as of a particular date, all works-in-progress consisting of Rum and aging Distillate manufactured for use in the Products, stored in Panama (with respect to Rum) or Venezuela (with respect to both Rum and aging Distillate) and owned by the Transferred Companies, or in the case of such Rum or aging Distillate located in Venezuela, owned by DUSA Venezuela, as of such date.
Sample 1
WIP Inventory. Means the work-in-progress inventory of Products.
Sample 1
WIP Inventory means the work-in-progress inventory of Product (the number of Units of Product at various stages of the Manufacturing process flow) at Contractor. Workweek: shall be seven (7) calendar days beginning on Monday and ending on Sunday. For planning purposes each Workweek is assigned a consecutive number for the entire year.
Sample 1
WIP Inventory means the work in progress inventory for FPD Film Thickness Measurement System, as described in Schedule 1.1Ka; the “Manufacturing Inventory” shall mean the parts inventory for FPD Film Thickness Measurement Systems, as described in Schedule 1.1Kb the “Service Inventory” shall mean the spare parts inventory for FPD Film Thickness Measurement Systems, as described in Schedule 1.1Kc; and the “Tooling Inventory” shall mean the jigs, machines, tools, assembly equipment and IT equipment as described in Schedule 1.1Kd, in each case (i) in Nanometrics’s possession or (ii) in the possession of a subcontractor of Nanometrics and held on behalf of Nanometrics as of the Transaction Date.
Sample 1
WIP Inventory means all skirting, transportation costs, decks and improvements to home locations in preparation for sale.
Sample 1

Related to WIP Inventory

  • 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.

  • 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.

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

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

  • 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.

  • 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.

  • 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;

  • 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.

  • 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.

  • 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.

  • 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.

  • Finished Goods means units of a manufactured product awaiting sale.

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

  • 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 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).

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

  • Inventory Tracking System means the required tracking

  • Unsaleable liquor merchandise means a container that:

  • Raw Materials means all raw materials, supplies, components and packaging necessary to manufacture and ship the Product in accordance with the Specifications, as provided in Exhibit A, but not including the API.

  • Supplier Equipment means the Supplier's hardware, computer and telecoms devices, equipment, plant, materials and such other items supplied and used by the Supplier (but not hired, leased or loaned from the Customer) in the performance of its obligations under this Call Off Contract;

  • 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.

  • Raw Material means any unprocessed material in its raw or natural state that is intended to become part of the components of a cannabis product.

  • Inventory Reserves means such reserves as may be established from time to time by the Administrative Agent in the Administrative Agent’s Permitted Discretion with respect to the determination of the saleability, at retail, of the Eligible Inventory or which reflect such other factors as may adversely affect the market value of the Eligible Inventory. Without limiting the generality of the foregoing, Inventory Reserves may, in the Administrative Agent’s Permitted Discretion, include (but are not limited to) reserves based on:

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

  • Borrowing Base Assets means a collective reference to all Borrowing Base Assets in existence at any given time.