Common use of Less Clause in Contracts

Less. (a) Finished Goods, Work-in-Process and Raw Materials not located at approved locations (b) Obsolete, slow moving, or not merchantable (c) Work-in-process in excess of $3,000,000 (d) Otherwise ineligible

Less. (a) Finished Goods, Work-in-Process and Raw Materials not located at approved locations (b) Obsolete, slow moving, or not merchantable (c) Work-in-process in excess of $3,000,000CDN$4,000,000 (d) Otherwise ineligible

Less. (a) Finished Goods, Work-in-Process and Raw Materials not located at approved locationslocations _______________ (b) Obsolete, slow moving, or not merchantablemerchantable _______________ (c) Work-in-process in excess of $3,000,000CDN$3,000,000 _______________ (d) Otherwise ineligibleineligible _______________

Less. (a) Finished Goods, Work-in-Process and Raw Materials not located at approved locations (b) Obsolete, slow moving, or not merchantable (c) Work-in-process in excess of $3,000,0004,000,000 (d) Otherwise ineligible