Foreign In-Transit Inventory definition
Foreign In-Transit Inventory means Inventory of a Borrower that is in transit from a location outside the United States to any location within the United States of such Borrower or a Customer of such Borrower.
Foreign In-Transit Inventory means Inventory owned by a Borrower that is not located in the continental United States of America and which is in transit to one of the locations set forth on Exhibit E hereto (as such schedule may be updated from time to time by Borrowers to exclude locations which have been closed and/or include additional locations of Inventory which Borrowers are permitted to establish under the terms of this Agreement) being either the premises of a Freight Forwarder in the United States of America or the premises of such Borrower in the United States of America which are either owned and controlled by such Borrower or leased by such Borrower.
Foreign In-Transit Inventory means Inventory of a Borrower or any Canadian Subsidiary Guarantor that is in-transit from a Vendor of such Borrower or any Canadian Subsidiary Guarantor from a location outside the continental United States (in the case of a U.S. Borrower) or Canada (in the case of the Canadian Borrower or any Canadian Subsidiary Guarantor) to such Borrower or any Canadian Subsidiary Guarantor or a location designated by such Borrower or any Canadian Subsidiary Guarantor that is in the continental United States (in the case of a U.S. Borrower) or Canada (in the case of the Canadian Borrower or any Canadian Subsidiary Guarantor).
Examples of Foreign In-Transit Inventory in a sentence
Inventory of a Borrower that is either Domestic In-Transit Inventory or Foreign In-Transit Inventory.
In addition to the foregoing, the Administrative Agent may request no more than once during each Fiscal Year of the Borrower Agent an appraisal of the Net Orderly Liquidation Value of Eligible Inventory and Eligible Foreign In-Transit Inventory contributing to the Borrowing Base, at the sole cost and expense of the Borrowers.
Foreign In-Transit Inventory - Inventory of a Borrower that is in-transit from a Vendor of such Borrower from a location outside the continental United States to such Borrower or a location designated by such Borrower that is in the continental United States.
Foreign In-Transit Inventory - Inventory of a Borrower that is in-transit from a Vendor of Borrower from a location outside the continental United States to such Borrower or a location designated by such Borrower that is in the continental United States.
In no event shall any Credit Party maintain tangible Collateral (other than Eligible Domestic In-Transit Inventory, Eligible Foreign In-Transit Inventory or Inventory with contract manufacturers and Inventory in transit in the Ordinary Course of Business) with a value in excess of $250,000 outside of the United States without Agent’s prior consent.
More Definitions of Foreign In-Transit Inventory
Foreign In-Transit Inventory means Inventory of a Borrower or a Canadian Loan Party that is in transit from a location outside the United States or Canada to any location within the United States or a province or territory in Canada where Agent has a perfected Lien of such Borrower or Canadian Loan Party or a Customer of such Borrower or Canadian Loan Party.
Foreign In-Transit Inventory means, as of any date of determination thereof, Inventory which has been shipped for receipt by the Borrower, but which has not yet been delivered to the Borrower.
Foreign In-Transit Inventory means Inventory of a Borrower that is in transit from a location outside the United States to any location within the United States of such Borrower or a Customer of such Borrower. “Foreign Lender” shall mean any Lender that is organized under the Laws of a jurisdiction other than that in which the Loan Parties are resident for income Tax purposes. For purposes of this definition, the United States of America, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. “Foreign Subsidiary” shall mean any Subsidiary of any Person that is not organized or incorporated in the United States, any State or territory thereof or the District of Columbia. “Formula Amount” shall have the meaning set forth in Section 2.1(a) hereof. “FSHCO” shall mean an entity that owns (directly or indirectly) no material assets other than Equity Interests (or Equity Interests and debt interests) of one or more CFCs. “GAAP” shall mean generally accepted accounting principles in the United States of America in effect from time to time. “General Partner” shall mean AmeriGas Propane GP, LLC, a Delaware limited liability company, and its successors. “Government Official” shall mean any officer, employee, official, representative, or any Person acting for or on behalf of any Governmental Body, government-owned or government-controlled association, organization, business, or enterprise, or public international organization, any political party or official thereof and any candidate for political office. “Governmental Body” shall mean the government of the United States of America or of any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank) and any group or body charged with setting financial accounting or regulatory capital rules or standards (including the Financial Accounting Standards Board, the Bank for International Settlements or the Basel Committee on Banking Supervision or any successor or similar authority to any of the foregoing). “Guarantor” or “Guarantors” shall mean any Subsidiary that becomes a guarantor pursuant to Section 7.12. “Guarantor Security Agreement” shall mean any security agreem...
Foreign In-Transit Inventory means Inventory of a Borrowing Base Party which is in the possession of a common carrier and is in transit from a seller of such Inventory to a Borrowing Base Party from a location outside of the United States to a location that is within the United States.
Foreign In-Transit Inventory means Inventory of a Loan Party that is in transit from a location outside the United States to any location within the United States of such Loan Party or a Customer of such Loan Party.
Foreign In-Transit Inventory means Inventory of a Credit Party that is in-transit from a Vendor of such Credit Party from a location outside the continental United States (in the case of a U.S. Credit Party) or Canada (in the case of a Canadian Credit Party) to such Credit Party or a location designated by such Credit Party that is in the continental United States (in the case of a U.S. Credit Party) or Canada (in the case of a Canadian Credit Party).
Foreign In-Transit Inventory means Inventory of a Credit Party that is in-transit from a Vendor of such Credit Party from a location outside the continental United States (in the case of a U.S. Credit Party) or Canada (in the case of a Canadian