Initial CRC Inventory definition

Initial CRC Inventory means the total volumes of Products located in situ in the CRC Included Locations to be sold by CRC to ▇▇▇▇ pursuant to this Agreement as of the applicable CRC Joinder Effective Date as determined according to the methodology set forth in Schedule P.
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Initial CRC Inventory means the total volumes of Products located in situ in the CRC Included Locations to be sold by CRC to Aron pursuant to this Agreement as of the applicable CRC Joinder Effective Date as determined according to the methodology set forth in Schedule P.
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Examples of Initial CRC Inventory in a sentence

  • The Transaction Entities warrant that on each CRC Joinder Effective Date, CRC shall transfer, or cause to be transferred, to ▇▇▇▇ good and marketable title to the Initial CRC Inventory free and clear of any Liens (other than inchoate tax Liens and/or as contemplated in the Intercreditor Agreement), and that it has full right and authority to transfer such title and effect delivery of such Initial CRC Inventory to ▇▇▇▇.

Related to Initial CRC Inventory

  • 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).

  • Transferred Inventory has the meaning set forth in Section 2.2(a)(iii).

  • 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.

  • Inventory Formula Amount means (i) the lesser of (x) 75% of the Value of Eligible Inventory and (y) 85% of the NOLV Percentage of the Value of Eligible Inventory plus (ii) the lesser of (x) the lesser of (1) 75% of the Value of Eligible In-Transit Inventory and (2) 85% of the NOLV Percentage of the Value of the Eligible In-Transit Inventory and (y) $10,000,000.

  • 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.