Acquired Inventory has the meaning set forth in Section 1.2(a).

Acquired Inventory shall have the meaning ascribed to it in Section 2.1(b) hereof.

Acquired Inventory means Inventory owned by a Person that becomes a Borrower Party after the Fourth Restatement Effective Date or Inventory acquired in a Permitted Acquisition or any other acquisition; provided, however, that such Inventory shall cease to be Acquired Inventory upon the Administrative Agent’s receipt or completion of (a) appraisals, from appraisers reasonably satisfactory to the Administrative Agent, of such Inventory, (b) a field audit of such Inventory, and (c) such other due diligence as the Administrative Agent may reasonably require, all of the results of the foregoing to be reasonably satisfactory to the Administrative Agent.

Examples of Acquired Inventory in a sentence

The Acquired Inventory has been stored in compliance with all Laws and is not adulterated or mislabeled, misbranded or unsafe within the meaning of the FDA Act (including the Pesticide and Food Additive Amendment of 1958) and the regulations thereunder.
Buyer desires to purchase and accept such assignment and assume all rights, title, interests and obligations of Tenant under the Leases, Acquired Inventory, and FF&E at the Leased Premises to the extent set forth herein, subject to the conditions hereinafter set forth.
In connection with the preparation of the Estimated Closing Statement, within seven (7) days prior to the Closing, Buyer shall have the opportunity to cause Seller to conduct a physical count of the Acquired Inventory, which Buyer and its Representatives may observe.
Each item of personal property included in the Acquired Assets (including Completed Tac Eye Systems included in the Acquired Inventory, but excluding other Acquired Inventory) is in commercially reasonable repair and operating condition, ordinary wear and tear excepted, is suitable for immediate use in the Ordinary Course of Business of Seller and is free from material defects.
The Acquired Inventory is all of the Inventory of the Business, other than Inventory sold in the Ordinary Course of Business.

More Definitions of Acquired Inventory

Acquired Inventory means all inventory of goods, merchandise, Supplies and other inventory in the Grocery, Dairy, Frozen Food, General Merchandise & Health and Beauty Care, and Tobacco (including cigarettes) departments that is owned by Seller and held for resale to the public in the Ordinary Course of Business, and in each case, that is used in or located at the Leased Premises as of the Closing Date, but excluding any Excluded Inventory.

Acquired Inventory means (i) with respect to any Operating Leased Property, all Inventory which is located at, on or in transit to the applicable Operating Lease Property as of the Closing Date, (ii) with respect to any Operating Owned Property, all Inventory which is located at, on or in transit to the Operating Owned Property as of the Closing Date, (iii) with respect to any IP/Ground Lease Property, all Inventory which is located at, on or in transit to the IP/Ground Lease Property as of the Closing Date, (iv) with respect to any Operating Sparrow Properties, all Inventory located at, on or in transit to the Operating Sparrow Properties, and (v) all other Inventory Related to the Business other than Inventory included in clause (ii) of the definition of Excluded Inventory.

Acquired Inventory means any and all Inventory located in, or otherwise held for sale at, any Designation Rights Store or the Nebraska Distribution Center.

Acquired Inventory means all Inventory held by Ciba or any of its Subsidiaries at any location that relates exclusively or primarily to, arises exclusively or primarily out of or is used exclusively or primarily in connection with, the Transferred Business.

Acquired Inventory means Inventory (including affixed or unaffixed Tax Stamps) owned by a Person that becomes a Borrower Party after the Fifth Restatement Effective Date (or, in the case of the Core-Mark Acquired Companies, on the Fifth Restatement Effective Date) or Inventory acquired in a Permitted Acquisition or any other acquisition; provided, however, that such Inventory shall cease to be Acquired Inventory upon the Administrative Agent’s receipt or completion of (a) appraisals, from appraisers reasonably satisfactory to the Administrative Agent, of such Inventory, (b) a field audit of such Inventory, and (c) such other due diligence as the Administrative Agent may reasonably require, all of the results of the foregoing to be reasonably satisfactory to the Administrative Agent.

Acquired Inventory means all inventory of goods, merchandise, Supplies and other inventory in the Pharmacy, Grocery, Dairy, Frozen Food, General Merchandise & Health and Beauty Care, Alcohol, and Tobacco (including cigarettes) departments that is owned by Seller and held for resale to the public in the Ordinary Course of Business, and in each case, that is used in or located at the Leased Premises as of the Closing Date, but excluding any Excluded Inventory.