Eligible WIP Inventory definition

Eligible WIP Inventory means Eligible Inventory consisting of work-in-process related to manufacturing of Inventory sold by any Collateral Party in the ordinary course of its business (as determined in a manner acceptable to the Administrative Agent in its Permitted Discretion and consistent with past practices).

Eligible WIP Inventory means Inventory that qualifies as Eligible Inventory and consists of goods that are work in process.

Eligible WIP Inventory means all Eligible Inventory consisting of work-in-process (as determined in a manner acceptable to the Administrative Agent in its Permitted Discretion and consistent with past practices); provided that Eligible WIP Inventory shall not include Eligible Inventory consisting of work-in-process related to the manufacturing of solar panels or solar shingles.”

Examples of Eligible WIP Inventory in a sentence

• Duly executed originals of an initial Borrowing Base Certificate from Borrower, dated the Closing Date, reflecting information concerning Eligible Accounts, Eligible Inventory and Eligible WIP Inventory of Borrower as of a date not more than two (2) Business Days prior to the Closing Date in the case of Eligible Accounts, and as of the Fiscal Month end immediately prior to the Closing Date, in the case of Eligible Inventory and Eligible WIP Inventory.

• In the ITO literature, several scholars have uncovered the positive impact of commitment on outsourcing performance (Grover et al.

• Lender reserves the right, at any time and from time to time after the Closing Date, to adjust any such criteria, to establish new criteria and to adjust advance rates with respect to Eligible Inventory and Eligible WIP Inventory in its reasonable credit judgment.

• Based on the most recent Borrowing Base Certificate delivered by Borrower to Lender and on other information available to Lender, Lender shall in its reasonable credit judgment determine which raw material and finished goods Inventory of Borrower shall be "Eligible Inventory" and which work-in-process Inventory of Borrower shall be "Eligible WIP Inventory" for purposes of this Agreement.

More Definitions of Eligible WIP Inventory

Eligible WIP Inventory means all Eligible Inventory consisting of work-in-process related to the manufacturing of automobiles (as determined in a manner acceptable to the Administrative Agent in its Permitted Discretion and consistent with past practices).

Eligible WIP Inventory means Inventory that is excluded from the definition of Eligible Inventory by reason only of being work-in-process including components which are not part of finished goods and which are acceptable to Agent. General criteria for Eligible WIP Inventory may be established and revised from time to time by Agent. Any Inventory which is not Eligible WIP Inventory shall nevertheless be part of the Collateral.

Eligible WIP Inventory means all Eligible Inventory consisting of work-in-process (as determined in a manner acceptable to the Administrative Agent in its Permitted Discretion and consistent with past practices); provided that Eligible WIP Inventory shall not include Eligible Inventory consisting of work-in-process related to the manufacturing of solar panels or solar shingles.

Eligible WIP 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 work-in-process related to manufacturing of Inventory sold by any Collateral Party in the ordinary course of its business (as determined in a manner acceptable to the Administrative Agent in its Permitted Discretion and consistent with past practices).

Eligible WIP Inventory means Eligible Inventory consisting of work-in-process and components (including cylinder components), determined in a manner consistent with the Current Appraisal.

Eligible WIP Inventory means inventory of the Company and the Guarantors consisting of work-in-process relating to the production of goods to be held by the Company or any Guarantor for sale in the ordinary course of business.

Eligible WIP Inventory means Inventory of Borrower consisting of work-in-process which satisfies all of the criteria for Eligible Inventory other than on account that it is work-in-process Inventory. In determining the amount to be so included: (a) Inventory shall be valued at the lower of cost or market on a basis consistent with Borrower’s historical accounting practices, and (b) only 75% of such otherwise eligible work-in-process Inventory shall constitute Eligible WIP Inventory.