Inventory definition

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.

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Inventory means inventory (as that term is defined in the Code).

Inventory has the meaning assigned to such term in the Security Agreement.

Examples of Inventory in a sentence

The Parties further acknowledge that the determination and payment of the Definitive Commencement Date Value shall be made as provided in the Inventory Sales Agreement, and any payment due to any Party in connection with the determination of the Definitive Commencement Date Value shall be paid in accordance with the terms of the Inventory Sales Agreement and the Monetization Master Agreement.
The Parties further acknowledge that procedures to be applied under the Inventory Sales Agreement to determine the Estimated Commencement Date Value and the Definitive Commencement Date Value shall be applied to determine the Estimated Commencement Date Lien Value and the Definitive Commencement Date Lien Value, mutatis mutandis.
The initial Lien Amount (“Initial Lien Amount”) shall equal the sum of (i) the Estimated Commencement Date Lien Value of the Estimated Included Feedstock Lien Inventory, plus (ii) the Estimated Commencement Date Lien Value of the Estimated Included Product Lien Inventory, and, subject to the satisfaction of the conditions in Section 2.1 hereof, ▇▇▇▇ shall advance the Initial Lien Amount to the Company on the Commencement Date.
Notwithstanding anything to the contrary in this Agreement, (i) neither the Company nor Calumet Refining may enter into an KE 135394706 Inventory Structuring Transaction prior to the Discharge of Secured Obligations and (ii) no transactions under any Permitted Inventory Structuring Transaction shall create or grant Liens on any Property of Calumet Parent, the Company or Calumet Refining.
The Parties acknowledge and agree that the Commencement Date Volumes shall be sold and transferred to ▇▇▇▇ as provided under the Inventory Sales Agreement, against payment of the Estimated Commencement Date Value made as provided therein.

More Definitions of Inventory

Inventory means all inventory, finished goods, raw materials, work in progress, packaging, supplies, parts and other inventories.

Inventory has the meaning set forth in Section 2.01(b).

Inventory means goods, other than farm products, which:

Inventory means all present and future inventory in which Borrower has any interest, including merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products intended for sale or lease or to be furnished under a contract of service, of every kind and description now or at any time hereafter owned by or in the custody or possession, actual or constructive, of Borrower, including such inventory as is temporarily out of its custody or possession or in transit and including any returns upon any accounts or other proceeds, including insurance proceeds, resulting from the sale or disposition of any of the foregoing and any documents of title representing any of the above, and Borrower's Books relating to any of the foregoing.

Inventory shall have the meaning set forth in Article 9 of the UCC.

Inventory is present and future inventory in which Borrower has any interest, including merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products intended for sale or lease or to be furnished under a contract of service, of every kind and description now or later owned by or in the custody or possession, actual or constructive, of Borrower, including inventory temporarily out of its custody or possession or in transit and including returns on any accounts or other proceeds (including insurance proceeds) from the sale or disposition of any of the foregoing and any documents of title.

Inventory means, with respect to any Person, all goods and merchandise of such Person leased or held for sale or lease by such Person, including, without limitation, all raw materials, work-in-process and finished goods, and all packaging, supplies and materials of every nature used or usable in connection with the shipping, storing, advertising or sale of such goods and merchandise, whether now owned or hereafter acquired, and all such other property the sale or other disposition of which would give rise to an Account or cash.