Gross Inventory definition

Gross Inventory means all raw materials, work in progress and capitalized variances, excluding any reserves.
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Gross Inventory as set forth in the schedule of Receivables and Inventory, as of January 14, 2002 and January 13, 2002, respectively, attached hereto as Schedule 2.1.2A (the "Initial Asset Schedule"). "Domestic Receivables" do not include Receivables due from Foreign Entities.
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Gross Inventory for any period, the total gross first-in first-out general ledger inventory of such period, as determined in accordance with the Company's historical accounting practices.
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Examples of Gross Inventory in a sentence

  • For all SKUs except for those identified as obsolete in IV.A above, calculate, on a SKU basis, the dollar amount of Gross Inventory Value on the Closing in excess of the Gross Inventory Value sold or used during the twelve month period preceding the Closing (using full months only).

  • Any such applicable Registration related to the Product in the Territory shall be the sole and exclusive property of A-S.

  • If the amount of the Gross Inventory is greater than $2,800,000, Buyer shall pay the amount of such excess to Seller in cash within ten business days after such amount is determined and agreed upon.

  • Following the Closing, the Seller will cooperate fully with the Purchaser and the Purchaser's accountants (the "Purchaser's Accountants") to facilitate their review of the Seller's calculation of Gross Royalty Assets, Gross Inventory Value, Unpaid 1998 Royalties and 1999 Royalties used to establish the Purchase Price and to afford them with full access to work papers and such other books and records as the Purchaser's Accountants may reasonably request in connection with such review.

  • For purposes of this Section 3.3, Gross Inventory shall be the full cost of inventory before reduction for any (1) reserves for obsolescence and excess quantities, (2) writedowns to net realizable value, or (3) other inventory devaluation.

  • If the Gross Inventory is less than $2,800,000, Seller shall pay to Buyer the amount of the deficiency in cash within ten business days after such amount is determined.

  • As soon as possible, but not later than ten days after the Closing Date, Seller will prepare a report showing the amount of Gross Inventory (as defined below) as reported on the accounts of the Seller as of the Closing Date.

  • Gross Inventory availability (eligible Inventory from Line 10 x advance rate __________) $_______________ COLLATERAL / OTHER 11.

  • SCHEDULE 3.4 PURCHASE PRICE ALLOCATION Asset U.S. Singapore Total Equipment 75,187 0 75,187 Gross Inventory 531,140 1,130,467 1,661,607 Molds 609,236 0 609,236 Other Intellectual Property 250,000 0 250,000 (Trademark) Workforce in Place 0 0 0 Other Intangibles 4,175,170 0 4,175,170 Total Purchase Price 5,640,733 1,130,467 6,771,200 The allocation for the Equipment, Inventory and Molds will be adjusted in accordance with Section 3.3 of the Agreement.

  • LOAN $0.00 OR 0.00 INVENTORY PRECIOUS Total Gross Inventory as of 11/24/2012 Less: Ineligible Inventory ELIGIBLE INVENTORY Average Inventory Advance Rate INVENTORY AVAILABILITY 0.00 75 % AVAILABILITY: THE LESSER OF MAX.


More Definitions of Gross Inventory

Gross Inventory means the value of all inventory that SANMINA has on hand for DARKPULSE, including (i) Components, (ii) work in process, (iii) finished Products, (iv) DarkPulse Furnished Inventory, and (v) Initial Component Inventory and Strategic Component Inventory.
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Gross Inventory means Borrower's Inventory per the perpetual ledger, valued at the lower of FIFO Cost or market, plus deferred freight, import duties (net of dumping duties) and in-transit Inventory.
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Related to Gross Inventory

  • Excess Inventory means all Inventory and Special Inventory possessed or owned by Flextronics that is not required for consumption to satisfy the next [***] of demand for Products under the then-current purchase order(s) and forecast.

  • Eligible Finished Goods Inventory means Inventory that qualifies as Eligible Inventory and consists of first quality finished goods held for sale in the ordinary course of Borrowers’ business.

  • Product Inventory means all inventory owned as of the Closing by Seller or any Affiliate thereof of finished Product that is in conformance with the Specifications and has an expiration date of October 1, 2016 or later, regardless of whether such inventory is held at a location or facility of Seller or any Affiliate (or of any other Person on behalf of Seller or any Affiliate, including in any of Seller’s warehouses, manufacturers, suppliers, distributors or consignees) or in transit to or from Seller or any Affiliate (or any such other Person).

  • Obsolete Inventory means items that have expired, are redundant or damaged;

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.