Exchange Inventory definition

Exchange Inventory means any inventory which is subject to a swap, exchange or similar agreement or arrangement between any of the Borrowers and any other Person which is not an Affiliate of a Borrower.
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Exchange Inventory means amounts carried on Company's books representing inventory due to or from third parties.
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Examples of Exchange Inventory in a sentence

  • At least five (5) business days in advance of the Closing Date, Seller shall make a good faith estimate of the Company's inventories and provide a copy thereof to Buyer setting forth (A) the ownership, types, characteristics and volumes, on a tank, vessel or location basis, of Feedstock Inventory, Product Inventory, and Inventory in Transit, and (B) the amounts shown as Exchange Inventory on the Company's accounting records along with the ownership, types, characteristics and volumes thereof.

  • Such Semi-Annual Appraisals shall be prepared by the Appraiser, shall be in form and scope acceptable to Agent, and shall set forth the respective Orderly Liquidation Values and Fair Market Values of Borrowers' Exchange Inventory and Work in Process, Repair Parts and Unserviceable Parts as of September 30, 1999 and March 31 and September 30, as applicable, of the relevant year.

  • Within 15 days after the end of each month following the Closing Date, commencing with the month ending September 30, 1999, Borrowers, at their expense, shall deliver to Agent desktop appraisals (meaning appraisals prepared without an on-site inspection by the Appraiser; based on information provided to the Appraiser by Borrowers) (each, a "Periodic Inventory Appraisal") of the ----------------------------- Exchange Inventory and Work in Process, Repair Parts and Unserviceable Parts of Borrowers.

  • In addition, within 45 days after June 30 and December 31 of each year following the Closing Date, commencing with ▇▇▇▇ ▇▇, ▇▇▇▇, ▇▇▇▇▇▇▇▇▇ shall deliver to Agent full, on-site appraisals (each, a "Semi-Annual Appraisal") of the Exchange Inventory and Work in Process, Repair --------------------- Parts and Unserviceable Parts of Borrowers.

  • Such Semi-Annual Appraisals shall be prepared by the Appraiser, shall be in form and scope acceptable to Agent, and shall set forth the respective Orderly Liquidation Values and Fair Market Values of Borrowers' Exchange Inventory and Work in Process, Repair Parts and Unserviceable Parts as of June 30 or December 31, as applicable, of the relevant year.

  • In addition, Borrowers shall work with the Appraiser and the Agent to ensure that on November 30, 1999 and within 45 days after March 31 and September 30 of each year following the Closing Date, Borrowers deliver to Agent full, on-site appraisals (each, a "Semi-Annual Appraisal") of -------------------- the Exchange Inventory and Work in Process, Repair Parts and Unserviceable Parts of Borrowers.