Eligible Inventory Value means at the time of any determination thereof the lower of cost or posted market value of the Eligible Inventory at such time, net of inventory reserves, determined on a basis consistent with the financial statements referred to in Section 3.05.
Eligible Inventory Value means, as of any date of determination, the gross book value of all Eligible Inventory as of such date.
Eligible Inventory Value means, at any time, the value of your inventory, determined at the lower of cost and market on a first in, first out basis. For purposes of this valuation we exclude any inventory (i) that is work-in-progress; (ii) that is not located in Canada; (iii) that is not subject to the applicable duly perfected Liens created by the Security; (iv) that is subject to any Lien not specifically permitted by us; (v) that may be seized by your landlord; (vi) that is obsolete or not readily saleable in the ordinary course of business; (vii) that has not been paid for in full and is subject to a right of repossession; or (viii) that is otherwise excluded by us in our reasonable discretion.
Examples of Eligible Inventory Value in a sentence
For the purposes of determining the Equivalent Amount on any particular date the same rate of exchange will be applied to both the conversion of Eligible Accounts Receivable, Eligible Inventory Value and Outstandings on such date.
No later than five (5) days after the Inventory Completion Date, Sellers shall prepare a statement (“Pre-Closing Inventory Statement”) of the Eligible Inventory Value as of the Closing Date based upon such physical inventory count (“Pre-Closing Eligible Inventory Value”).
More Definitions of Eligible Inventory Value
Eligible Inventory Value means at the time of any determination thereof the lower of cost (less any appropriate reserve for obsolete inventory and any profits accrued in connection with transfers of inventory between the Borrower and the Subsidiaries or between Subsidiaries of the Borrower) and fair market value of the Eligible Inventory at such time, in dollars, determined on a basis consistent with the financial statements of the Borrower referred to in Section 3.05.
Eligible Inventory Value means at the time of any determination thereof the lower of cost (less any appropriate reserve for obsolete inventory and any profits accrued in connection with transfers of inventory between the Borrower and its Subsidiaries or between Subsidiaries of the Borrower) and fair market value of the Eligible Inventory at such time, in dollars, determined in accordance with generally accepted accounting principles consistently applied and on a basis consistent with that used in the preparation of the most recent audited consolidated financial statements of the Borrower and its Consolidated Subsidiaries delivered to the Banks.
Eligible Inventory Value shall have the meaning ascribed to such term in the definition of Eligible Inventory.
Eligible Inventory Value means, at any time, the value of Inventory valued on an average costs basis in accordance with Generally Accepted Accounting Principles at the lower of the Borrower's cost thereof or the net realizable value thereof: provided that none of the following categories of Inventory shall be taken into account in determining Eligible Inventory Value:
Eligible Inventory Value means, at the time of any determination thereof with respect to any item of Eligible Inventory, the lower of cost based on FIFO accounting (less any profits accrued in connection with inter-company transfers, determined in accordance with GAAP and in a manner consistent with past accounting practices of the Company and the Subsidiaries) and the fair market value of such Eligible Inventory.
Eligible Inventory Value shall be equal to, with respect to each item of Eligible Inventory (as defined in the DIP Credit Agreement) of the Sellers at the Closing, the cost (determined by applicable Seller accounting unit) for such item of Inventory, as reflected in Sellers’ master cost file as of the Closing Date ("Cost File"), plus freight and shipping charges at 9.5%, except to the extent of any mistake or omission contained therein. If the Pre-Closing Eligible Inventory Statement reflects less than $50,000,000.00 of Pre-Closing Eligible Inventory Value of the Inventory, if agreed to by Purchaser, in Purchaser's sole discretion, Sellers may count the In-Transit Inventory for purposes of determining the Pre-Closing Eligible Inventory Value of the Inventory.
Eligible Inventory Value means, with respect to a Person, the gross book value of all Inventory of such Person which may be properly classified as inventory in conformity with GAAP LESS customary reserves for damaged, obsolete or worn-out goods, goods returned by customers or other customary allowances in conformity with GAAP.