ATS Inventory definition

ATS Inventory means Inventory that constitutes “assemble-to-ship” Inventory
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ATS Inventory means Inventory that constitutes “assemble-to-ship” Inventory “Availability” means, as of any date of determination, (a) the Maximum Revolving Advance
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ATS Inventory means Inventory that constitutes “assemble-to-ship” Inventory. “Authority” has the meaning set forth in Section 4.19(d).
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More Definitions of ATS Inventory

ATS Inventory means Inventory that constitutes “assemble-to-ship” Inventory “Availability” means, as of any date of determination, (a) the Maximum Revolving Advance Availability as of such date minus (b) the aggregate amount of all outstanding Revolving Advances as of such date. “Base Rate” shall mean the base commercial lending rate of PNC as publicly announced to be in effect from time to time, such rate to be adjusted automatically, without notice, on the effective date of any change in such rate. This rate of interest is determined from time to time by PNC as a means of pricing some loans to its customers and is neither tied to any external rate of interest or index nor does it necessarily reflect the lowest rate of interest actually charged by PNC to any particular class or category of customers of PNC. “Benchmark Replacement” means as is specified in Section 3.8.2 hereof. “Beneficial Owner” shall mean, for each Borrower, each of the following: (a) each individual, if any, who, directly or indirectly, owns 25% or more of such Borrower’s Equity Interests; and (b) a single individual with significant responsibility to control, manage, or direct such Borrower. “Benefited Lender” shall have the meaning set forth in Section 2.6(e) hereof. “Blocked Account Bank” shall have the meaning set forth in Section 4.8(h) hereof. “Blocked Accounts” shall have the meaning set forth in Section 4.8(h) hereof. “Bloomberg” means Bloomberg Index Services Limited (or a successor administrator of the BSBY Screen Rate). “Borrower” or “Borrowers” shall have the meaning set forth in the preamble to this Agreement and shall extend to all permitted successors and assigns of such Persons. “Borrowers on a Consolidated Basis” shall mean the consolidation in accordance with GAAP of the accounts or other items of Borrowers and their respective Subsidiaries. “Borrowers’ Account” shall have the meaning set forth in Section 2.10 hereof. “Borrowing Agent” shall mean VMC. “Borrowing Base Certificate” shall mean a certificate in substantially the form of Exhibit 1.2 hereto duly executed by the President, Vice President Finance or Controller of the Borrowing Agent and delivered to the Agent, appropriately completed, by which such officer shall certify to Agent the Formula Amount and calculation thereof as of the date of such certificate. “BSBY Floor” means a rate of interest equal to zero basis points (0.00%). “BSBY Rate” means, for any BSBY Rate Loan for any Interest Period, the rate per annum determined...
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ATS Inventory means Inventory that constitutes “assemble-to-ship” Inventory “Availability” means, as of any date of determination, (a) the Maximum Revolving Advance
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Related to ATS Inventory

  • Eligible Finished Goods Inventory means Eligible Inventory consisting of finished goods available for sale (as determined in a manner acceptable to the Administrative Agent in its Permitted Discretion and consistent with past practices).

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.