Eligible Raw Material Inventory definition

Eligible Raw Material Inventory means Inventory that qualifies as Eligible Inventory and consists of goods that are first quality raw materials.

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Eligible Raw Material Inventory means raw material Inventory of the Borrower meeting all of the requirements of clauses (a), (b), (c), (e), (f) and (g) of the definition of Eligible Inventory.

Eligible Raw Material Inventory means Eligible Inventory of (x) the U.S. Collateral Parties at such time, in the case of the U.S. Borrowing Base, or (y) the Canadian Collateral Parties at such time, in the case of the Canadian Borrowing Base, in each case consisting of raw materials (as determined in a manner acceptable to the Administrative Agent in its Permitted Discretion and consistent with past practices).

Examples of Eligible Raw Material Inventory in a sentence

The following definitions are deleted from Section 1.01 of the Agreement: Active Excess Inventory, Active No Requirement Inventory, Eligible Arden Finished Goods Inventory; Eligible Arden Raw Materials Inventory; Eligible Finished Goods Inventory; Eligible Gift Inventory, Eligible Inventory, Eligible Raw Material Inventory, FFI Accounting System, Historical Inventory, Intercreditor Agreement, Seller Preferred, Senior Notes and Slow Moving Inventory.
As to each item of Inventory that is identified by Borrowers as Eligible Finished Goods Inventory, Eligible Raw Material Inventory, or Eligible Work-In-Process Inventory in a Borrowing Base Certificate submitted to Agent, such Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than any Agent-discretionary criteria) set forth in the definition of Eligible Inventory.
The aggregate amount of Revolving Advances made to Borrowers against Eligible Raw Material Inventory shall not exceed in the aggregate, at any one time outstanding, the sum of $6,000,000 less the aggregate advances outstanding against Eligible Export-Related Raw Material Inventory under the Ex-Im Credit Agreement.
The aggregate amount of Revolving Advances made to Borrower against Eligible Raw Material Inventory shall not exceed in the aggregate, at any one time outstanding, the sum of $5,000,000 less the aggregate advances outstanding against Eligible Export-Related Raw Material Inventory under the Ex-Im Credit Agreement.
The aggregate amount of Revolving Advances made to Borrower against Eligible Domestic Finished Goods Inventory and Eligible Raw Material Inventory shall not exceed in the aggregate, at any one time outstanding, the sum of $7,500,000 less the aggregate advances outstanding against Eligible Export-Related Inventory Value under the Ex-Im Credit Agreement.

More Definitions of Eligible Raw Material Inventory

Eligible Raw Material Inventory means any raw material inventory as reflected on Borrower’s balance sheet.”

Eligible Raw Material Inventory means Eligible Inventory Consisting of Raw Materials;

Eligible Raw Material Inventory has the meaning set forth in Schedule 1.1(b).

Eligible Raw Material Inventory means all Eligible Inventory constituting raw material or sub-assemblies, other than “raw resin” inventory.

Eligible Raw Material Inventory means Inventory that qualifies as Eligible Inventory and consists of goods that are first quality raw materials and that are not located in open pallets or containers. “Eligible Unbilled Accounts” means Accounts that (a) only apply to Borrowers’ Narcan® business and (b) otherwise qualify as Eligible Billed Accounts except that an invoice, statement or other billing document has not been sent to the applicable Account Debtor; provided, that any such Account shall cease to be an Eligible Unbilled Account on the date that (i) an invoice, statement or other billing document is sent to the applicable Account Debtor or (ii) is more than 30 days after the most recent date on which services, goods or merchandise were provided by a Borrower. “Employee Benefit Plan” means (a) any employee benefit plan within the meaning of Section 3(3) of ERISA that is maintained for employees of any Loan Party or any ERISA Affiliate or (b) any Pension Plan or Multiemployer Plan that has at any time within the preceding seven (7) years been maintained, funded or administered for the employees of any Loan Party or any current or former ERISA Affiliate. “Environmental Action” means any written complaint, summons, citation, notice, directive, order, claim, litigation, investigation, judicial or administrative proceeding, judgment, letter, or other written communication from any Governmental Authority, or any third party involving violations of Environmental Laws or releases of Hazardous Materials (a) from any assets, properties, or businesses of any Borrower, any Subsidiary of any Borrower, or any of their predecessors in interest, (b) from adjoining properties or businesses, or (c) from or onto any facilities which received Hazardous Materials generated by any Borrower, any Subsidiary of any Borrower, or any of their predecessors in interest. “Environmental Law” means any applicable federal, state, provincial, territorial, foreign or local statute, law, rule, regulation, ordinance, code, binding and enforceable guideline, binding and enforceable written policy, or rule of common law now or hereafter in effect and in each case as amended, or any judicial or administrative interpretation thereof, including any judicial or administrative order, consent decree or judgment, in each case, to the extent binding on any Loan Party or its Subsidiaries, concerning the protection of the environment, or human health and safety as it relates to exposure to Hazardous Materials. “Environmental Liabil...

Eligible Raw Material Inventory means as of any date, the aggregate value of all raw materials owned by Borrower, including, without limitation, all materials used or consumed or to be used or consumed in Borrower's business or in the processing, production, packaging, promotion, delivery or shipping of the same, excluding (i) inventory which is damaged, defective, obsolete or otherwise unsaleable in the ordinary course of Borrower's business, (ii) inventory which has been returned or rejected, and (iii) inventory subject to any consignment arrangement between Borrower and any other person or entity (if any). For purposes of this definition, Eligible Raw Material Inventory shall be valued at the lower of cost or market value.

Eligible Raw Material Inventory means Inventory that qualifies as Eligible Inventory and consists of goods that are first quality raw materials to the extent such goods are used to prepare Eligible Work-in-Process Inventory; provided, however, that, anything to the contrary contained herein notwithstanding, the value of such Inventory shall not include the value of any labor or other services rendered to produce such Inventory or the cost of converting such Inventory into Eligible Work-in-Process Inventory.