Inventory Turnover. Borrower shall have and maintain an Inventory Turnover Period not to exceed 120 days during fiscal year ending December, 1998, and each fiscal year thereafter.
Inventory Turnover. Borrower shall cause its Inventory Turnover to average not less than three (3) times on a rolling twelve month basis, calculated as of the end of each month. Inventory Turnover shall mean, as the end of each month, the costs of sales for the twelve (12) month period ending on such month end divided by the average month end Inventory balance for such twelve month period.
Inventory Turnover. Borrower shall maintain an Inventory Turnover Frequency of not more than (i) one hundred ninety (190) days for the six (6) month period ending June 30, 1997, (ii) one hundred ninety (190) days for the nine (9) month period ending September 30, 1997, (iii) one hundred eighty-five (185) days for the twelve (12) month period ending December 31, 1997, (iv) one hundred eighty-five (185) days for the three (3) month period ending March 31, 1998, (v) one hundred eighty (180) days for the six (6) month period ending June 30, 1998, (vi) one hundred seventy-five (175) days for the nine (9) month period ending September 30, 1998, (vii) one hundred seventy (170) days for the twelve (12) month period ending December 31, 1998, (viii) one hundred seventy (170) days for the three (3) month period ending March 31, 1999, (ix) one hundred sixty-five (165) days for the six (6) month period ending June 30, 1999, (x) one hundred sixty-five (165) days for the nine (9) month period ending September 30, 1999, (xi) one hundred sixty (160) days for the twelve (12) month period ending December 31, 1999, (xii) one hundred sixty (160) days for the three (3) month period ending March 31, 2000, (xiii) one hundred fifty-five (155) days for the six (6) month period ending June 30, 2000, (xiv) one hundred fifty-five (155) days for the nine (9) month period ending September 30, 2000, and (xv) one hundred fifty (150) days for the twelve (12) month period ending December 31, 2000.
Inventory Turnover. If, for any month, CVR fails to [***] (any such failure a “Turnover Failure”), CVR shall [***].
Inventory Turnover. (i) As of the fiscal quarter ending September 30, 2003 to September 30, 2004, maintain, (a) a ratio of Inventory to COGS annualized of not less than 1.75 to 1.0 for each fiscal quarter (based only on such ninety day period) if the Fixed Charge Coverage Ratio determined pursuant to Section 8.3.3 hereof is equal to or greater than 1.5 to 1.0 but less than 1.75 to 1.0, or (b) a ratio of Inventory to COGS annualized of not less than 1.5 to 1.0 for each fiscal quarter (based only on such ninety day period) if the Fixed Charge Coverage Ratio (determined pursuant to Section 8.3.3 hereof) is equal to or greater than 1.75 to 1.0.
Inventory Turnover. The Company will not at any time permit the ratio of (a) cost of goods sold by the Company and the Consolidated Subsidiaries for the Computation Period (as shown on the consolidated statements of income delivered by the Company pursuant to clause (a) or (b) of Section 8.01 with respect to the Computation Period) to (b) the Average Monthly Inventory for the Computation Period to be less than 1.65 to 1. As used in this Section 9.05, (i) "Computation Period" means, at any time, the 12-month period ended on the date of the most recent balance sheet delivered (or required to be delivered) by the Company pursuant to clause (a) or (b) of Section 8.01 and (ii) "Average Monthly Inventory" means, when used with reference to any Computation Period, the amount determined by dividing (A) the aggregate amounts of inventory appearing on the books of the Company and the Consolidated Subsidiaries as of the last day of each calendar month within such Computation Period by (B) twelve.
Inventory Turnover. Borrower shall "turn ------------------ over" its Inventory during each Fiscal Year at the rate of at least 1.5 to 1.0 (determined as of the end of each Fiscal Year by dividing Borrower's cost of goods sold during such Fiscal Year by the value of Borrower's Inventory as of such date).
Inventory Turnover. The Borrower shall not have Inventory Turnover, determined annually, of less than 1.85 to 1.0 for the fiscal year ending October 30, 1999; and 2.4 to 1.0 as of and from January 1, 2000 and at all times thereafter. NINTH AMENDMENT TO CREDIT AGREEMENT, Continued REPRESENTATIONS AND WARRANTIES
Inventory Turnover. The Borrower shall not have Inventory Turnover, determined quarterly and annually, of less than 2.0 to 1.0, as of July 31,1998 through October 30, 1998 or less than 2.4 to 1.0 from October 31, 1998 and at all times thereafter. REPRESENTATIONS AND WARRANTIES
Inventory Turnover. The following wording shall be added following the new Section 3.2A as Section 3.2B, under the title "Inventory Turnover": "Customer is hereby committed that the Inventory Turnover Ratio for all inventories held in Flextronics's possession (whether raw-materials, work-in-process or BA) shall be at least [***]. By the end of each calendar quarter, Flextronics shall provide to Customer, along with the BA liability report, a report listing for the end of such quarter, all inventories for which the Inventory Turnover Ratio is lower than [***] (the "ITO Report"). Customer will purchase the [***]-ITO Balance and pay Flextronics 100% of the Cost of such [***]-ITO Balance; provided that with respect to raw materials included in the the [***]-ITO Balance Customer will pay Flextronics [***]% of the Cost of such raw materials. Payment of the foregoing amounts for [***]-ITO Balance shall be made by Customer against the presentation of valid invoice by Flextronics, in accordance with the payment terms set forth in Section 7.1 of the MSA Agreement. Customer will issue Flextronics a purchase order for the [***]-ITO Balance within fourteen (14) calendar days following receipt of the ITO Report. *** Confidential treatment has been requested for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.
