GMS Inventory definition
GMS Inventory means all inventory of the Business held for resale by the Business and all raw materials, work in process, finished products, shipments in transit for which title has passed to the Seller or applicable Selling Subsidiary as of the Effective Time, wrapping, supply and packaging items predominantly used or held for use in the Business and located at the GMS Facilities or vendor sites, including any such inventory being held by (A) customers of the Business pursuant to consignment arrangements or (B) suppliers of the Business under tolling arrangements.