Consignment Assets definition

Consignment Assets means the assets (including any spare units) belonging to the /s/ Dr. Tan Enk Ee /s/ Yong Siew Wai Customer consigned to the Seller for the purposes of the Contract;
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Consignment Assets means Revenue Producing Assets (other than those assets for which a Person has properly complied with the filing and notice requirements of Section 9.114 of the UCC) sold or delivered on a "sale on approval" or a "sale or return" (as each of those terms are defined in Section 2.326 of the UCC), or on consignment, on memorandum, or on a guaranteed sale basis. Consolidated Capital Expenditures means, for any period, the additions to property, plant and equipment and other capital expenditures (excluding the costs of spare parts acquired or fabricated for use in repairs of equipment which parts will be expensed when consumed) of the Borrower and its Subsidiaries for such period, as the same are or would be set forth in a consolidated statement of cash flows of the Borrower and its Subsidiaries for such period, determined in accordance with GAAP.
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Examples of Consignment Assets in a sentence

  • The Borrower and its Subsidiaries will maintain, at all times, Revenue Producing Assets (exclusive of Consignment Assets) determined on an original cost basis of not less than an amount equal to the greater of (i) one hundred-ten percent (110%) of the then aggregate outstanding principal balance of the Term Notes or (ii) one hundred-ten percent (110%) of the aggregate Commitment Amount set forth on Schedule I with respect to the Line of Credit.

  • The Borrower and its Subsidiaries will maintain, at all times, Revenue Producing Assets (exclusive of Consignment Assets) in the United States, determined on an original cost basis, in an amount not less than one hundred-fifty percent (150%) of the aggregate Commitment Amount set forth on Schedule I with respect to the Line of Credit.

Related to Consignment Assets

  • Consignment means products which are either sent simultaneously from one exporter to one consignee or covered by a single transport document covering their shipment from the exporter to the consignee or, in the absence of such a document, by a single invoice;

  • Client Assets means assets which a bank has undertaken to hold for a client (whether or not on trust, and whether or not the undertaking has been complied with);

  • 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.

  • Replacement Assets means (1) non-current assets (including any such assets acquired by capital expenditures) that shall be used or useful in a Permitted Business or (2) substantially all the assets of a Permitted Business or the Voting Stock of any Person engaged in a Permitted Business that is or shall become on the date of acquisition thereof a Restricted Subsidiary of the Company.

  • Consignment Price is $100,000 and consignor retains 0%, Consignor will receive $100,000. “Consignment Price” is $100,000 and consignor retains 40%, Consignor will receive $60,000 in cash and 40% in equity in the Series LLC.