Excluded Inventory definition

Excluded Inventory has the meaning set forth in Section 2.2(f) hereof.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Excluded Inventory means any of the following inventory of goods, merchandise, or other inventory of Seller located at the Leased Premises: (a) all items in the Fresh Departments;

Excluded Inventory means all inventory (including materials, supplies, component parts, spare parts, work in process, finished goods and goods in transit and other property) owned or used (or held for use) by any of Sellers, located at any Excluded Store.

Examples of Excluded Inventory in a sentence

• All inventory (including in-transit inventory), raw materials, fabric, packaging, finished goods, parts and supplies to the extent related primarily to the Garland Business, located at the Real Property (the “Purchased Inventory”), other than the Excluded Inventory.

• An approximation of the Excluded Inventory is described on Schedule 1.3(h).

• Any Excluded Inventory not timely removed from the Business by the Seller will be deemed abandoned and the Buyer may dispose of the Excluded Inventory as the Buyer deems appropriate and all proceeds from such disposition will belong to the Buyer.

• The Seller will have the right to remove all Excluded Inventory from the Business within forty-eight (48) hours and to return the Excluded Inventory or send it to a reclamation center for processing.

• Except for the Excluded Inventory, all merchandise received at each Leased Premises prior to the commencement of the inventory taking at such Leased Premises must be included in the inventory taking process.

More Definitions of Excluded Inventory

Excluded Inventory shall have the meaning set forth in Section 2.1(c).

Excluded Inventory means any Inventory that has been identified by the Bank as being unacceptable for inclusion of calculation of the Borrowing Base Limitation because the Bank has determined that such Inventory is not readily saleable, such determination to be made in the Bank’s judgment, in good faith and based on information which, in its judgment, supports such determination.

Excluded Inventory means the Inventory which is not Purchased Inventory.

Excluded Inventory means (i) doré, bullion, unrefined gold and refined gold on site or in transit to a smelter or refiner or held by a smelter or refiner for the account of a Barrick Party or a Newmont Party, as the case may be, or (ii) any finished inventory or inventory available for sale (including Phoenix concentrate and cathode finished goods inventory);

Excluded Inventory means (a) all raw materials utilized for the manufacture of active pharmaceutical ingredients (including precursors and starting material, excipients and reagents) necessary for Seller and its Affiliates to perform their obligations under the Supply Agreement, (b) all active pharmaceutical ingredients, placebos and other materials necessary for Seller to supply clinical trials pursuant to the Transitional Services Agreement, and (c) all work-in-progress materials (meaning bulk tablets and blisters) and raw materials and components (including excipients, inserts, labels and packaging materials) necessary for Seller and its Affiliates to perform their obligations under the Toll Manufacturing Agreement. For the avoidance of doubt, the Excluded Inventory that (i) is Related to the Program Business, (ii) remains reasonably usable (e.g., not expired) and (iii) is owned by Seller or one of its Affiliates immediately prior to the Closing shall be used by Seller and its Affiliates solely for purposes of performing their respective obligations under the Ancillary Agreements.

Excluded Inventory means (a) all inventory of the Retail Business supplied by a Specified Vendor that has not established a commercial relationship with Buyer prior to the Closing Date (including any additions to such inventory due to customer returns after the Closing or acquired by Sellers subsequent to the Closing in the ordinary course pursuant to purchase orders submitted prior to Closing) and (b) all Excluded European Inventory.

Excluded Inventory means (a) tobacco inventories for which title has passed to a customer and (b) Committed Inventories to the extent a customer is providing financing to the Company or any of its Subsidiaries for such Committed Inventories.