In-Transit Goods definition

In-Transit Goods means goods which have arrived at a port or place within the Kingdom of Tonga but are not intended for final delivery to that port or place;
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In-Transit Goods means such items of merchandise inventory that have been or will be paid for by Sellers but which are in-transit between (i) one or more Stores, (ii) any Store and any warehouse or distribution center, (iii) any Store(s), warehouse and/or distribution center and any merchandise vendor or shipper, or (iv) otherwise in- transit or not located in the Sellers' Stores, warehouse(s) or distribution center(s), on the Closing Date and which items are received either in the Repp Stores or Repp By Mail after the completion of the Phy▇▇▇▇l Inventory t▇▇▇▇at; provided, however, upon receipt of such goods by Sellers or Purchaser, as the case may be, such goods shall become Merchandise Inventory hereunder, with a physical count thereof being conducted upon receipt in accordance with Section 3.3(a) hereof, and with payment of any portion of the Purchase Price with respect thereto being calculated and made in accordance with Sections 3.1(b) and 3.2(b) hereof.
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In-Transit Goods means goods which have arrived at a port within Tonga but are not intended for final delivery to that port;
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Examples of In-Transit Goods in a sentence

  • At Closing, Purchaser will assume all of Sellers' rights and obligations in respect of Sellers' purchase orders for goods and other merchandise ordered prior to Closing, but not paid for or delivered prior to the Closing Date ("On Order Goods"), solely to the extent such On Order Goods are identified in Schedule 2.4 hereof to be made a part of this Agreement at Closing; provided, however, no component of the On Order Goods shall be duplicative of any component of the In-Transit Goods.

  • Post-Closing, Purchaser shall, at Purchaser's expense, perform a physical count and inspection of any In-Transit Goods upon their arrival at either the Repp Stores or Repp By Mail Business Division, as the case ma▇ ▇▇, utilizing ▇▇▇ Inventory Procedures set forth in Exhibit 3.3 hereof (the "In-Transit Physical Inventory"); provided, however, the In-Transit Physical Inventory shall be completed by Purchaser within five (5) Business Days following the receipt of any such In-Transit Goods.

  • Purchaser agrees that it shall not sell any of the In-Transit Goods until after the In-Transit Physical Inventory with respect thereto has been completed.