Inventory Balance definition

Inventory Balance has the meaning set forth in Section 2.08(d).
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Inventory Balance means the dollar value of the Inventory as of the date of measurement, based on such standard costs of Seller or an Affiliate(s) of Seller as are specified herein for purposes of such measurement.
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Inventory Balance shall have the meaning set forth in Section 3.03(d).
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Examples of Inventory Balance in a sentence

  • Daily/Weekly Sales/Cash Reports, as determined by Lender, with Inventory Balance.

  • UGI also agrees to pay all property taxes, if any, levied on storage inventories held under storage contracts released under this Agreement up to the Storage Equivalent Inventory Balance.

  • If the amount of the Inventory Balance is less than zero, then Seller shall pay to Buyer, without offset or deduction, an amount equal to such deficit by wire transfer of immediately available funds to such account or accounts of Buyer, as may be designated by Buyer.

  • Each Delivery Day, Manager shall report the Storage Equivalent Inventory Balance to reflect the SEIQ and SEWQ applicable to such day.

  • To the extent necessary, the Closing Inventory Balance shall contain prices for any Inventory that did not appear on the Preliminary Inventory Balance and Buyer agrees to purchase, accept and pay for such Inventory at the prices set forth therein.

  • Buyer and Seller agree that the Closing Inventory Balance will include Inventory purchased by Seller pursuant to Open Purchase Orders.

  • If the amount of the Inventory Balance is less than zero, then Seller shall pay, or cause to be paid, to Buyer, without offset or deduction, an amount equal to the absolute value of the Inventory Balance by wire transfer of immediately available funds to such account or accounts of Buyer as may be designated by Buyer.

  • Seller agrees to sell and Buyer agrees to purchase, accept and pay for such Inventory as Buyer incorporates such Inventory into Products at prices set forth on the Preliminary Inventory Balance.

  • If the Storage Equivalent Inventory Balance is less than the Storage Operator's Inventory Balance by an amount greater than or equal to 3,000 Dth, UGI shall reimburse Manager for the difference.

  • All undisputed amounts of the Inventory Balance shall be paid by the relevant Party to the other Party within five Business Days of the Inventory Notice Date.


More Definitions of Inventory Balance

Inventory Balance has the meaning set forth in Section 5.7(i).
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Inventory Balance as of a given date shall mean the portion of the amount shown on the balance sheet of FRC as "Inventories" that is allocable to the Purchased Locations. The Inventory Balance of FRC as of the date of the Interim Balance Sheet (the "Initial Inventory Balance"), without regard to any reserve or impairment taken with respect to Parent's exit from the FRC Business, was One Hundred Four Million
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Inventory Balance shall have the meaning ascribed thereto in Section 3.2 hereof.
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Inventory Balance has the meaning set forth in Section 2.08(f).
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Inventory Balance as of a given date shall mean the portion of the amount shown on the balance sheet of FRC as “Inventories” that is allocable to the Purchased Locations. The Inventory Balance of FRC as of the date of the Interim Balance Sheet (the “Initial Inventory Balance”), without regard to any reserve or impairment taken with respect to Parent’s exit from the FRC Business, was One Hundred Four Million Two Hundred Thirty-Eight Thousand Six Hundred Seventy-Nine Dollars ($104,238,679).
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Related to Inventory Balance

  • 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.

  • Inventory Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof.

  • Inventory Value means the cost of property purchased by the trustee and the market value of other property at the time it became subject to the trust, but the trustee may use any value finally determined for the purposes of an estate or other transfer tax;

  • Eligible Inventory means and include Inventory, excluding work in process, with respect to each Borrower, valued at the lower of cost or market value, determined on a first-in, first-out basis, which is not obsolete, slow moving or unmerchantable as determined by Agent in its Permitted Discretion and which Inventory, based on such considerations as Agent may from time to time deem appropriate in its Permitted Discretion including whether the Inventory is subject to a perfected, first priority security interest in favor of Agent and no other Lien (other than a Permitted Encumbrance). Notwithstanding anything herein to the contrary, no Inventory shall be Eligible Inventory to the extent such Inventory was acquired by a Borrower pursuant to an entity creation under Section 7.12 or a Permitted Acquisition, unless Agent has (i) completed field examinations with respect to such Inventory, the results of which are satisfactory in form and substance to Agent in its Permitted Discretion or (ii) waived such restriction in its Permitted Discretion. In addition, Inventory shall not be Eligible Inventory if it: (a) does not conform in all material respects to all standards imposed by any Governmental Body which has regulatory authority over such goods or the use or sale thereof; (b) is in transit (other than between one or more locations where Borrowers are permitted hereunder to maintain or store Inventory and such location is the subject of a Lien Waiver Agreement or a Processor’s Agreement, as applicable, unless such location is owned by Borrower); (c) is located outside the continental United States or at a location that is not otherwise in compliance with this Agreement; (d) constitutes Consigned Inventory (other than Consigned Inventory that is subject to a warehouseman’s waiver in form and substance satisfactory to Agent); (e) is the subject of an Intellectual Property Claim; (f) is subject to a License Agreement that limits, conditions or restricts the applicable Borrower’s or Agent’s right to sell or otherwise dispose of such Inventory, unless Agent is a party to a Licensor/Agent Agreement with the Licensor under such License Agreement (or Agent shall agree otherwise in its Permitted Discretion after establishing reserves against the Formula Amount with respect thereto as Agent shall deem appropriate in its Permitted Discretion); (g) at any time following seventy-five (75) days after the Closing Date (or such later date agreed to by Agent), is situated at a location not owned by a Borrower unless the owner or occupier of such location has executed in favor of Agent a Lien Waiver Agreement or a Processor’s Agreement, as applicable (or Agent shall have established reserves against the Formula Amount with respect thereto as Agent shall deem appropriate in its Permitted Discretion in an amount not to exceed the equivalent of three (3) months’ rental obligation with respect to such location); or (h) if the sale of such Inventory would result in the creation of a Receivable which, on the date of such sale, would fail to constitute an Eligible Receivable due to the operation of any of clauses (b), (c) or (e) – (p) of such definition.

  • 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.