Work in Process definition

Work in Process means a Deliverable that has been partially prepared, but has not been presented to the State for Approval.

Work in Process means Inventory that is not a product that is finished and approved by a Borrower in accordance with applicable Laws and such Borrower’s normal business practices for release and delivery to customers.

Work in Process means Inventory which consists of work-in-process including, without limitation, materials other than Raw Materials, Finished Goods or saleable products, title to which and sole ownership of which is vested in a Loan Party.

Examples of Work in Process in a sentence

• The Xxxx of Sale will contain a list and description of such customer transactions (and Work in Process, as detailed below).

• Completed units ready for sale (apartments of Palm Hills 7th Phase) are recognized at cost.All costs (cost of land, cost of developments and other indirect costs) attributable to such units are accumulated in the Work in Process Account until all units are completed for each phase.

• Completed units ready for sale represent those units the Company started to build before or in conjunction with their marketing strategy and in accordance with the Master Plan.All costs (cost of land, cost of developments and other indirect costs) attributable to such units are accumulated in the Work in Process Account until all units are completed for each phase.

• Contractor will fix appropriate notices or labels on the Work in Process to indicate ownership by the State.

• To the extent reasonably possible, materials and Work in Process must be stored separately from other stock and marked conspicuously with labels indicating ownership by the State.

More Definitions of Work in Process

Work in Process as used in this section, means material that has been released to manufacturing, engineering, design or other services under the contract and includes undelivered manufactured parts, assemblies, and products, either complete or incomplete.

Work in Process means all unfinished ethanol (or ethanol by-products) still involved in the production process and located in fermentation devices, distillation devices, tanks, piping or elsewhere within either Ethanol Plant, as well as all grains and grain products involved in the production process (i.e., not yet ready for sale as dry, modified or wet distillers grains, corn oil or otherwise) and located anywhere within either Ethanol Plant.

Work in Process means Adaptec's inventory of partially completed Products consistent with Roxio's outstanding Service Orders.

Work in Process means, with respect to a Product, all Materials that Emergent has begun to Manufacture into the relevant finished Product, but which have not yet satisfied the Specifications.

Work in Process means goods to be sold or leased by a Person in the normal course of business which are at the time of determination in the process of being manufactured by such Person but not including any Raw Materials, Spare Parts and Supplies or Packaging Materials.

Work in Process means Inventory used or consumed in the manufacturing or processing of goods to be sold by the Borrower or another Grantor in the ordinary course of business consisting of parts and subassemblies in the process of becoming completed assembly components that are no longer included in Raw Materials but are not yet included in Finished Goods.

Work in Process means, with respect to any Product, Materials and Active Ingredient from the time of pre-weighing for allocation to a manufacturing lot until satisfactory completion of quality testing for such manufacturing lot.