Concession Inventory definition

Concession Inventory means commercially useable and resalable food, beverage (including, to the extent permitted by applicable Law, alcoholic and non-alcoholic), candy and other concession items of all major category types offered at each Theatre, together with related packaging and serving materials, but excluding all Coca-Cola Inventory. The amount of Concession Inventory maintained by Parent and the Companies at each Theatre as of the Closing shall consist of at least the Required Concession Inventory for such Theatre.
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Concession Inventory means any goods of a concessionaire located at Borrower's Distribution Facility or retail stores, (which goods would otherwise be considered Inventory if the property of the Borrower, but as to which Borrower has no right, title or interest), held for sale by the concessionaire, which goods are not accounted for in Borrower's inventory system but the proceeds of sale thereof are collected through Borrower's deposit account arrangements.
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Concession Inventory shall have the meaning set forth in Section 1.1(d).
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Examples of Concession Inventory in a sentence

  • All Concession Inventory as of the Closing (a) consists of a quality and quantity that is commercially useable and saleable in the ordinary course of the Business consistent with past practices at the Theatres (taking into account historical and seasonal usage patterns) of all major inventory categories; and (b) does not include any Concession Inventory that is spoiled, expired, obsolete or no longer used in connection with the ordinary operation of the Business.

  • At such time after Closing as all New Liquor Permits are obtained, each Existing Permittee will convey, at no additional costs, all Concession Inventory that constitutes alcoholic beverages to New Permittee by a conveyance document in form reasonably acceptable to Buyer and in accordance with the requirements of applicable Laws.

  • Company shall have at least a two-week supply of Concession Inventory at each Theatre as of the Closing.

  • All Concession Inventory at Closing will consist of a quality and quantity commercially useable and saleable in the ordinary course of business and shall not include any obsolete, unuseable or unsaleable Concession Inventory.

  • Buyer shall be charged the original net invoice cost paid by Seller (less any commissions or fees paid to Seller or its affiliates) for all useable Operating Supplies, Food and Beverage Inventory or Concession Inventory to be transferred to Buyer, which, as of 11:59 p.m., Boston time, on the day preceding the Closing Date remain Unopened Inventory.

  • Representatives of Buyer and Seller shall conduct an inventory of such Operating Supplies and Concession Inventory on the day preceding the Closing Date and shall inventory the Food and Beverage Inventory as of the close of business of the business day which commenced on the day preceding the Closing Date.

Related to Concession Inventory

  • Eligible Finished Goods Inventory means Inventory that qualifies as Eligible Inventory and consists of first quality finished goods held for sale in the ordinary course of Borrowers’ business.

  • 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).

  • 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.

  • Excluded Inventory has the meaning set forth in Section 2.2(b).

  • Consigned Inventory means Inventory of any Borrower that is in the possession of another Person on a consignment, sale or return, or other basis that does not constitute a final sale and acceptance of such Inventory.