Total Speculative Inventory Sample Clauses

Total Speculative Inventory. Until January 1, 1999, Borrower and its Subsidiaries shall not permit aggregate of Speculative Inventory for Borrower and its Subsidiaries (measured in dollars, in accordance with GAAP) to exceed at any time 35% of the Borrower's "total inventory", as such total inventory has been reported by Borrower to the Agent in connection with the Borrower's delivery of its most recent Financial Statements pursuant to ss.9.10(d) hereof. Beginning on January 1, 1999, Borrower and its Subsidiaries shall not permit aggregate of Speculative Inventory for Borrower and its Subsidiaries (measured in dollars, in accordance with GAAP) to exceed at any time 30% of the Borrower's and its Subsidiaries' "total inventory", as such total inventory has been reported by Borrower to the Agent in connection with the Borrower's delivery of its most recent Financial Statements pursuant to ss.9.10(d) hereof.
Sample 1
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Related to Total Speculative Inventory

  • Eligible Inventory As to each item of Inventory that is identified by any Borrower as Eligible Inventory in a Borrowing Base Certificate submitted to Agent, such Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than Agent-discretionary criteria) set forth in the definition of Eligible Inventory.

  • Merchantable Inventory All Inventory is in all material respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made.

  • SIGNIFICANT LANDS INVENTORY FINDING Find that this activity is consistent with the use classification designated by the Commission for the land pursuant to Public Resources Code section 6370 et seq.

  • Inventory To the extent Inventory held for sale or lease has been produced by any Borrower, it has been and will be produced by such Borrower in accordance with the Federal Fair Labor Standards Act of 1938, as amended, and all rules, regulations and orders thereunder.

  • Inventories The Operator shall maintain detailed records of Controllable Material.

  • MEASURING EQUIPMENT 1. Seller will maintain and operate, at its own, expense and at the point of delivery of gas hereunder, a meter or meters and other necessary equipment by which the volume of gas delivered hereunder shall be measured. Such meters and equipment shall remain the property of the Seller.

  • Physical Inventory The Contractor shall periodically perform, record, and disclose physical inventory results. A final physical inventory shall be performed upon contract completion or termination. The Property Administrator may waive this final inventory requirement, depending on the circumstances (e.g., overall reliability of the Contractor’s system or the property is to be transferred to a follow-on contract).

  • Accounts Receivable; Inventory (a) For each Account with respect to which Advances are requested, on the date each Advance is requested and made, such Account shall be an Eligible Account.

  • Gross Asset Value The term "Gross Asset Value" means, with respect to any asset, the asset's adjusted basis for federal income tax purposes, except as follows:

  • As to Equipment and Inventory The Grantor hereby agrees that it shall

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