Foreign Inventory definition

Foreign Inventory mean the Inventory of the Borrower and any Foreign Subsidiary that is not located in the United States of America (other than any territory thereof), any state thereof or the District of Columbia.

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Foreign Inventory means any Inventory located outside the United States and the territories or possessions of the United States that does not constitute Eligible In-Transit Inventory included by Lead Borrower within the Permanent Borrowing Base.

Foreign Inventory means any and all now owned or hereafter acquired inventory, goods, merchandise, and other tangible personal property intended for sale or lease in the ordinary course of business, in the custody or possession, actual or constructive, of the Foreign Subsidiaries, or in transit to the Foreign Subsidiaries, including such inventory as is on consignment to third party consignees, leased to customers of the Foreign Subsidiaries, or otherwise temporarily out of the custody or possession of the Foreign Subsidiaries excluding any Consignment Inventory.

Examples of Foreign Inventory in a sentence

• The aggregate amount of the payments made by Buyer's subsidiaries pursuant to this Section 2.4 is referred to herein as the "Aggregate Foreign Inventory Amount." Except as set forth in this Section 2.4(d), all sales of Inventory pursuant to this Section 2.4(d) shall be on the same terms and conditions as the sale of Inventory located in the United States.

• All Exim Eligible Foreign Inventory is in all material respects of good and marketable quality, free from material defects.

• Borrower will deliver to Foreign Collateral Agent on a weekly basis (or more frequently if Foreign Collateral Agent requests after an Event of Default) copies of commercial invoices, packing lists, documents of title and such other information as Foreign Collateral Agent may request with respect to Foreign Inventory and all In-Transit Inventory.

• Each Borrowing Base Certificate shall contain information, in reasonable detail, as to (A) Eligible Foreign Receivables and Eligible US Receivables (updated, in each case, weekly) and (B) Eligible Foreign Inventory and Eligible US Inventory (updated, in each case, monthly).

• All Inventory designated as eligible inventory (Exim Eligible Foreign Inventory) in any borrowing base certificate, or other report submitted to Borrower, is in all material respects of good and marketable quality, free from material defects, except for Inventory for which adequate reserves have been made in accordance with GAAP, which reserves have been, and at all times will be, disclosed to Bank in Borrower's borrowing base certificates.

More Definitions of Foreign Inventory

Foreign Inventory is defined in Section 2.2(c).

Foreign Inventory means any Inventory located outside of the United States of America or Canada.

Foreign Inventory means Inventory of Borrowers and their Subsidiaries located at or in transit to Foreign Facilities.

Foreign Inventory means all inventory (including raw materials) of the Obligors’ purchased by an Obligor from a vendor not located in the United States for resale in the United States and in transit to an Obligor, provided that such Obligor has ownership and title of such inventory and such inventory is covered by one or more insurance policies provided by one or more insurance carriers acceptable to the Lenders which name the Administrative Agent as loss payee and additional insured, and which provide for at least thirty (30) day’s prior written notice to the Administrative Agent of any modification or cancellation of such policies.

Foreign Inventory means Inventory located outside the U.S. Foreign Lender: any Lender that is organized under the laws of a jurisdiction other than the laws of the United States, or any state or district thereof. Foreign Plan: any employee benefit plan or arrangement (a) maintained or contributed to by any Obligor or Subsidiary that is not subject to the laws of the United States; or (b) mandated by a government other than the United States for employees of any Obligor or Subsidiary.

Foreign Inventory means Inventory located outside of Canada and the United States of America.

Foreign Inventory has the meaning specified in Section 2.3(j).