Examples of Inventory Value in a sentence

In any case where the Nursery Inventory Software is not used to develop the Peak Inventory Value Report, the AIP must review the supporting physical plant inventory and price documentation used by the insured to verify that the Peak Value Inventory Report is properly supported.
Supporting documentation must be within ten percent of the inventory values for each basic unit reported on the Peak Inventory Value Report.
This ten percent tolerance only applies to over-reported Peak Inventory Value Report values.
An over-reported Peak Inventory Value Report exists when the values reported on the Peak Inventory Value Report exceeds the inventory value determined from the Peak Inventory Value Report supporting records.
The “lower of” price rule is also applicable to coverage bound as a result of any Peak Inventory Value Report and any revision to the PIVR.

More Definitions of Inventory Value

Inventory Value means a dollar amount equal to the lesser of (i) the actual cost of Inventory determined on a basis consistent with GAAP and with the Borrowers’ current and historical accounting practice or (ii) the market value of such Inventory.

Inventory Value has the meaning set forth in Section 3.3(c).

Inventory Value means the cost of property to the settlor or the trustee at the time of acquisition or the market value of the property at the time it is delivered to the trustee, or the value of the property as finally determined for purposes of an estate or inheritance tax.

Inventory Value means, with respect to any Eligible Inventory, the lower of cost or market value determined on a first-in-first-out basis.

Inventory Value means, at the time of determination, the total value (based on the lower of cost or market) of the Borrower's inventories that are subject to the Bank Security (other than i) those inventories supplied by trade creditors who at that time have not been fully paid therefor and would have a right to repossess all or part of such inventories if the Borrower were then either bankrupt or in receivership, (ii) those inventories comprising work in process and (iii) those inventories that the Bank may from time to time designate in its sole discretion) minus the total amount of any claims, liens or encumbrances on those inventories having or purporting to have priority over the Bank.

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 Value means with respect to any Inventory of a Loan Party at the time of any determination thereof, the standard cost 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 Administrative Agent as appropriate in order to adjust the standard cost of Eligible Inventory to approximate actual cost.