Inventory Category definition

Inventory Category means each of the inventory categories set forth in Schedule A hereto.
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Inventory Category means a category of Inventory consisting of raw materials or finished goods that has been established by the Administrative Agent in its reasonable credit judgment; it being agreed and understood that the initial Inventory Categories shall be as set forth on Schedule 1.01(B) hereto.
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Inventory Category means any of (i) Raw Materials Inventory, (ii) Work-In-Process Inventory, or (iii) Finished and Semi-Finished Goods Inventory.
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Examples of Inventory Category in a sentence

  • Following delivery of the Preliminary Inventory Report, the Final Inventory Report showing the Final Inventory Level for each Inventory Category shall be determined in accordance with the procedures set forth in Section 2(d)(vi) below.

  • No later than forty-two (42) days after the Closing Date, Buyer shall deliver to Seller a report (the “Preliminary Inventory Report”) showing the Preliminary Inventory Level for each Inventory Category.

  • Only Caltrans PQS or consultants who meet the Caltrans Professional Qualifications Standards (Appendix 1) for Architectural Historian and above or Lead Archaeological Surveyor and above are authorized to determine which state-owned built- 7 In the California Historic Bridge Inventory, Category 5 means that a bridge, culvert or tunnel has been determined ineligible for inclusion in the National Register of Historic Places.

  • No later than forty-two (42) days after the Closing Date, Buyer shall deliver to Seller a report (the "Preliminary Inventory Report") showing thePreliminary Inventory Level for each Inventory Category.

  • As used herein, the “Applicable Cost” of each Inventory Category shall mean cost of such item (on a per pound or ton, as applicable, basis) that would be reflected on a balance sheet prepared in accordance with the Accounting Principles.

  • In the event Buyer believes the Closing Inventory Statement is incorrect, Buyer shall notify Seller in writing of its objections within sixty (60) days after the Closing Date and shall set forth in such notice (the “Inventory Notice”), in writing and in reasonable detail: (i) the reasons for Buyer’s objections; (ii) the units of each Minimum Inventory Category in dispute described with reasonable specificity; and (iii) the basis for the calculation of any such unit discrepancies.

  • For each Eligible Inventory Category, the Appraised Inventory Tranche B Percentage shall be equal to one hundred and two percent (102%) through November 30, 2003 and, thereafter one hundred percent (100%).

  • At Purchaser’s option, a physical inventory shall be conducted by Seller consistent with past practice and in accordance with the Accounting Principles on or before the Closing Date for the purpose of determining the Closing Inventory Amount of each Inventory Category, and each of Seller and Purchaser and their respective independent auditors shall have the right to observe the taking of such physical inventory.

  • Loan to Value Reserve - as of the date of determination by the Administrative Agent, from time to time an amount equal to the greater of (i) $0; and (ii) the amount, if any, by which the outstanding amount of the Term Loans at such time exceeds the Dollar Equivalent of 18.5% of the Appraised Inventory Liquidation Value of each Eligible Inventory Category owned by the Borrowers, ▇▇▇▇▇ U.S. and Mayor’s Florida at such time.

  • The “Inventory Shortfall” shall mean the aggregate total of (i) the actual unit shortfall, if any, in each Minimum Inventory Category (i.e., Closing Inventory compared to Minimum Inventory) times (ii) the book value of each such unit calculated in accordance with GAAP as consistently applied by Seller.


More Definitions of Inventory Category

Inventory Category. , "Net Amount of Eligible Accounts", "Net Liquidation Percentage", "Net Liquidation Value", "Reserves" or "Total Commitment", without the written consent of each Lender. Notwithstanding the foregoing, no amendment, waiver or consent shall, unless in writing and signed by the Agent, affect the rights or duties of the Agent (but not in its capacity as a Lender) under this Agreement or the other Loan Documents.
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Inventory Category has the meaning set forth in Section 2.05(b).
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Inventory Category. Facility Availability", "Finished and Semi-Finished Goods Inventory", "Inventory", "Liquidity", "Maximum Discretionary Amount", "Maximum Discretionary Borrowing Base Amount", "Monthly Average Facility Availability", "OLV Percentage", "Raw Materials Inventory", "Revolving Loan Commitments", "Total Utilization of Revolving Loan Commitments" or "Work-In-Process Inventory". In addition, (i) any amendment, modification, termination or waiver of any of the provisions contained in Section 4 shall be effective only if evidenced by a writing signed by or on behalf of the Administrative Agent, the Collateral Agent and Requisite Lenders, (ii) no amendment, modification, termination or waiver of any provision of any Note shall be effective without the written concurrence of the Lender that is the holder of that Note, (iii) no amendment, modification, termination or waiver of any provision of subsection 2.1A(iv) or of any other provision of this Agreement relating to the Swing Line Loan Commitment or the Swing Line Loans shall be effective without the written concurrence of Swing Line Lender, (iv) no amendment, modification, termination or waiver of any provision of Section 3 shall be effective without the written concurrence of the Administrative Agent and, with respect to the purchase of participations in Letters of Credit, without the written concurrence of each Issuing Lender that has issued or arranged for the issuance of an outstanding Letter of Credit or has not been reimbursed for a payment under a Letter of Credit, (v) no amendment, modification, termination or waiver of subsection 2.4C shall be effective without the written concurrence of each Agent, Lender, Swing Line Lender, or Issuing Lender that, in each case, is adversely affected thereby, and (vi) no amendment, modification, termination or waiver of any provision of Section 10 or of any other provision of this Agreement that, by its terms, expressly requires the approval or concurrence of the Administrative Agent or of the Collateral Agent shall be effective without the written 148 CREDIT AGREEMENT concurrence of the Administrative Agent or the Collateral Agent or both of them, as applicable. Each of the Administrative Agent and the Collateral Agent may exercise its discretion in good faith, and its doing so shall not be deemed to be an amendment, consent, waiver or other modification requiring the approval of any other Lender. The Administrative Agent may, but shall have no obligation to, with the conc...
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Inventory Category. Reserves" and "Net Liquidation Percentage" unless the same shall be in writing and signed by the Administrative Agent, subject to the approval of each Revolving A Lender in the case of amendment, waiver or consent which has the effect of making more credit available. Notwithstanding the foregoing, no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent affect the rights or duties of the Administrative Agent (but not in its capacity as a Lender) under this Agreement or the other Loan Documents and no amendment, waiver or consent shall, unless in writing and signed by the Collateral Agent affect the rights or duties of the Collateral Agent (but not in its capacity as a Lender) under this Agreement or the other Loan Documents.
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Inventory Category means a category of Inventory comprised of Live Plants Inventory, Lawn & Garden, Home Decor Inventory, Floral & Crafts Inventory or Christmas Decoration Inventory.
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Related to Inventory Category

  • 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.

  • eligible Categories means Categories (1), (2) and (3) set forth in the table in paragraph 1 of Schedule 1 to this Agreement;

  • Loss Category means the code in the Registry, and in the schedule of Loss Category codes and Loss Factors made available by the Distributor, which enables traders to identify the Loss Factor(s) applicable to an ICP on the Network at any point in time;

  • 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.

  • 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.