Eligible Inventory Value definition
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(iv) that is subject to any Lien not specifically permitted by us; (v) that may be seized by your landlord; (vi) that is obsolete or not readily saleable in the ordinary course of business; (vii) that has not been paid for in full and is subject to a right of repossession; or (viii) that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.
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.
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 the value for the Eligible Inventory as set forth on the Seller's Inventory Availability Report as of the last Business Day prior to the Closing Date, which report shall be prepared in a manner consistent with past practice and provided to the Buyer prior to the Closing Date;
Eligible Inventory Value of any Person shall mean at the time of any determination thereof the lower of cost (less any appropriate revaluation reserves or reserve for obsolete Inventory and any profits accrued in connection with transfers of Inventory between any Loan Party and its Subsidiaries or between Subsidiaries of any Loan Party) or fair market value of the Eligible Inventory at such time, in Dollars, determined in accordance with the standard cost method of accounting less, in the event variances under the standard cost method (i) are capitalized, favorable variances shall be deducted from Eligible Inventory Value, and unfavorable variances shall not be added to Eligible Inventory Value, and (ii) are expensed, a reserve shall be determined as appropriate in order to adjust the standard cost of Eligible Inventory value to approximate actual cost.
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.
Eligible Inventory Value means the value of Borrower’s raw materials and finished goods inventory as determined in accordance with GAAP consistently applied by Borrower.
Eligible Inventory Value means at the time of any determination thereof the lower of cost (less any appropriate revaluation reserves or reserve for obsolete Inventory and any profits accrued in connection with transfers of Inventory between plants of the Borrower) or fair market value of the Eligible Inventory at such time, in dollars, determined in accordance with the Borrower's historical standard cost accounting practices less the Reserve for Variances.
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.