Beginning Inventory definition

Beginning Inventory means the count of Covered Machines, by machine type, on the Reference Date. The Parties deem the Beginning Inventory to be as set forth in Exhibit D.16.d and D.16.e without regard to the actual count of Covered Machines at Covered Locations on the Second Amended Effective Date.
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Beginning Inventory. Column 3 Beginning inventory equals previous month’s ending inventory.
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Beginning Inventory means, for a given period, the total Merchantable Timber (expressed in MBF) on Timberlands pledged as Collateral as of the beginning of the relevant period, which value shall equal the Ending Inventory shown on the Collateral Value Report for the immediately preceding fiscal quarter (or, in the case of the initial Collateral Value Report delivered after the First Amendment Effective Date, the Ending Inventory shown on the pro forma Collateral Value Report delivered on the First Amendment Effective Date).
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Examples of Beginning Inventory in a sentence

  • Gross Sales Less Sales Returns and Discounts Net Sales Less: Cost of Goods Sold Beginning Inventory at Cost Add: Purchases Less: Ending Inventory at Cost Cost of Goods Sold Gross Profit Other Operating Revenue (Specify) Less: Operating Expenses Officer Compensation Salaries & Wages—Other Employees Total Salaries & Wages Employee Benefits Payroll Taxes Real Estate Taxes Federal and State Income Taxes Total Taxes Rent and Lease Exp.

  • Gross Sales Less Sales Returns and Discounts Net Sales Less: Cost of Goods Sold Beginning Inventory at Cost Add: Purchases Less: Ending Inventory at Cost Cost of Goods Sold Gross Profit Other Operating Revenue (Specify) Less: Operating Expenses Officer Compensation Salaries & Wages - Other Employees Total Salaries & Wages Employee Benefits Payroll Taxes Real Estate Taxes Federal and State Income Taxes Total Taxes Rent and Lease Exp.

  • Gross Sales Less Sales Returns and Discounts Net Sales Less: Cost of Goods Sold Beginning Inventory at Cost Add: Purchases Less: Ending Inventory at Cost Cost of Goods Sold Gross Profit Other Operating Revenue (Specify) Less: Operating Expenses Officer Compensation Salaries & Wages — Other Employees Total Salaries & Wages Employee Benefits Payroll Taxes Real Estate Taxes Federal and State Income Taxes Total Taxes Rent and Lease Exp.

  • Beginning Inventory – Must be the same as your closing inventory from prior quarter.

  • Related to Business Operations: Gross Sales $ Less: Sales Returns and Discounts Net Sales Less: Cost of Goods Sold: Beginning Inventory at Cost Add: Purchases Less: Ending Inventory at Cost Cost of Goods Sold Gross Profit Other Operating Revenues (Specify) Less: Operating Expenses: Officer Compensation Salaries and Wages - Other Employees Total Salaries and Wages Employee Benefits and Pensions Payroll Taxes Real Estate Taxes Federal and State Income Taxes Total Sales Rent and Lease Exp.

  • ExxonMobil makes no warranty or representation regarding and if not responsible for the linked Web sites or the content of such Web sites.

  • The following data shall be included in the workload reports: • Beginning Inventory of Uncompleted Claims• Total Number of New Claims Received• Total Number of Claims Returned• Total Number of Claims Processed to Completion• Ending Inventory of Uncompleted Claims NOTE: Ending inventory of uncompleted claims must equal the beginning inventory of uncompleted claims plus total number of new claims received minus total number of claims returned minus total number of claims processed to completion.

  • Other Income Beginning Inventory …………………………………………………………………………… Purchases ………………………………………………………………………………………..

  • Under this method, an av- erage unit cost for each fuel type shall be computed by dividing the total cost of fuel available (Beginning Inventory plus Pur- chases) by the total gallons available.

  • This figure must equal the Beginning Inventory for this Lease/Product/Sales Point combination for the next immediate Sales Month.


More Definitions of Beginning Inventory

Beginning Inventory means, for a given period, the total Merchantable Timber (expressed in MBF) on Timberlands pledged as Collateral as of the beginning of the relevant period, which value shall equal the Ending Inventory shown on the Collateral Value Report for the immediately preceding fiscal quarter (or, in the case of the initial Collateral Value Report for the quarter ending December 31, 2005, the Merchantable Timber inventory for the Oregon Tree Farms reflected in the Appraisal, as adjusted for the portion of the Oregon Trees Farms that were excluded from the Collateral pledged on the Closing Date).
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Beginning Inventory means the amount of $5,207,000, which represents the approximate value of the Inventory as set forth on the December 31, 2003 Balance Sheet.
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Related to Beginning Inventory

  • Product Inventory means all inventory owned as of the Closing by Seller or any Affiliate thereof of finished Product that is in conformance with the Specifications and has an expiration date of October 1, 2016 or later, regardless of whether such inventory is held at a location or facility of Seller or any Affiliate (or of any other Person on behalf of Seller or any Affiliate, including in any of Seller’s warehouses, manufacturers, suppliers, distributors or consignees) or in transit to or from Seller or any Affiliate (or any such other Person).

  • Transferred Inventory shall have the meaning set forth in Section 1.1(c).

  • 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 Value means with respect to any Inventory of a Loan Party at the time of any determination thereof, the standard cost determined on a first in first out basis and carried on the general ledger or inventory system of such Loan Party stated on a basis consistent with its current and historical accounting practices, in Dollars, determined in accordance with the standard cost method of accounting less, without duplication, (i) any markup on Inventory from an Affiliate and (ii) in the event variances under the standard cost method are expensed, a Reserve reasonably determined by the Agent as appropriate in order to adjust the standard cost of Eligible Inventory to approximate actual cost.

  • Inventory Formula Amount means, with respect to any item of Eligible Inventory and at any time of determination, the lesser of (a) 65% of the lower of cost and market of such Inventory and (b) 85% of the Net Orderly Liquidation Value of such Inventory.

  • Obsolete Inventory means items that have expired, are redundant or

  • 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.

  • County-adjusted property tax base per square mile means the county-adjusted property tax base divided by the number of square miles of land area in the county.

  • Finished Lots Entitled Land with respect to which (a) development has been completed to such an extent that permits to allow use and construction, including building, sanitary sewer and water, are entitled to be obtained for a Unit on such Entitled Land and (b) start of construction has not occurred.

  • Inventories means “Inventories” as defined in the Uniform System of Accounts, such as, but not limited to, provisions in storerooms, refrigerators, pantries and kitchens; beverages in wine cellars and bars; other merchandise intended for sale; fuel; mechanical supplies; stationery; and other expensed supplies and similar items.

  • Eligible Inventory means and include Inventory of a Borrower, excluding work in process, valued at the lower of cost or market value, determined on a first-in-first-out basis, which is not, in Administrative Agent’s Permitted Discretion, obsolete, slow moving or unmerchantable and which Administrative Agent, in its Permitted Discretion, shall not deem ineligible Inventory, based on such considerations as Administrative Agent may from time to time deem appropriate including whether the Inventory is subject to a perfected, first priority security interest in favor of Administrative Agent and no other Lien (other than a Permitted Encumbrance). In addition, Inventory shall not be Eligible Inventory if it: (a) does not conform to all standards imposed by any Governmental Body which has regulatory authority over such goods or the use or sale thereof; (b) is Foreign In-Transit Inventory or in-transit within the United States; (c) is located outside the continental United States; (d) constitutes Consigned Inventory; (e) is the subject of an Intellectual Property Claim; (f) is subject to a License Agreement that limits, conditions or restricts the applicable Borrower’s or Administrative Agent’s right to sell or otherwise dispose of such Inventory, unless Administrative Agent is a party to a Licensor/Administrative Agent Agreement with the Licensor under such License Agreement (or Administrative Agent shall agree otherwise in its Permitted Discretion after establishing reserves against the Formula Amount with respect thereto as Administrative Agent shall deem appropriate in its sole discretion); (g) is situated at a location not owned by a Borrower unless the owner or occupier of such location has executed in favor of Administrative Agent a Lien Waiver Agreement (or Administrative Agent shall agree otherwise in its Permitted Discretion after establishing reserves against the Formula Amount with respect thereto as Administrative Agent shall deem appropriate in its Permitted Discretion); or (h) or if the sale of such Inventory would result in an ineligible Receivable.

  • Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Great American Group dated June 2007 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraisal firm pursuant to Section 9.2(b).

  • MCE Valuation Period means, subject to any extension (as described in further detail in the Conditions), the period commencing from and including the moment upon which the Mandatory Call Event occurs and up to the end of the following trading session on the Index Exchange; and

  • MONTHLY KILOMETREAGE STATEMENT CUM BILL means the format specified by the Company.

  • Product Group or “the Group” means a group of lotteries that has joined together to offer a product pursuant to the terms of the Multi-State Lottery Agreement and the Product Group’s own rules.

  • Billing cycle or billing period means the period for which regular electricity bills as specified by the Commission, are prepared for different categories of consumers by the licensee;

  • Stored value means monetary value that is evidenced by an electronic record.

  • Excluded Inventory shall have the meaning set forth in Section 2.1(c).

  • Finished Goods means completed goods which require no additional processing or manufacturing to be sold to third party customers by the Loan Parties in the ordinary course of business.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Scheduled Valuation Date means any original date that, but for the occurrence of an event causing a Disrupted Day, would have been a Valuation Date.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • First Liquidation Target Amount has the meaning assigned to such term in Section 6.1(c)(i)(D).

  • Declared Monthly Consumption means the Declared Monthly Consumption set out in the Acceptance Form for Electricity Supply.

  • Rental Equipment means tangible personal property sold, rented, leased, or licensed to customers to the extent that the item is actually used by the customer for rental, lease, or license to others; provided that: