Inventory Loss definition

Inventory Loss with respect to any item of Slow-Moving Inventory shall mean the amount equal to the value of any such Slow-Moving Inventory on the books of the Operating Company as of the Slow-Moving Inventory Valuation Date less the value received for any such Slow-Moving Inventory.
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Inventory Loss shall have the meaning as set forth in Section 2.2(c)(iv).
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Examples of Inventory Loss in a sentence

  • For failures under the Inventory Loss Standard: 100% of the cost of such lost inventory (in excess of 1%), performance under this standard shall be determined at the end of the term of the Agreement.

  • The amount to be paid by Seller to Buyer under this Section 6.3(i) in the event of an Inventory Loss covered hereby shall be equal to 10% of the Purchase Order Price of the undeliverable or non-saleable Inventory, except that the Purchase Order Price for any Inventory with respect to which Seller’s (and through the assumption of the respective Inventory Agreements, Buyer’s) right to sell or distribute the same expires on or before June 30, 2009, shall be deemed to be zero ($0.00).

  • Performance Standards shall be reviewed by the parties at the end of each three month period (except with respect to the Inventory Loss Standard which shall be reviewed at the end of the term of the Agreement) (or shorter with respect to the first such period) period ending July 31, October 31, January 31 and April 30 (each, a "Measurement Period").

  • This Agreement constitutes the entire agreement between Origen and Sun with respect to the subject matter contained herein and supersedes all prior discussions, negotiations and agreements, whether oral or written, including the Repossessed Inventory Loss Mitigation Agreement dated March 31, 2003, by and between Origen Financial, L.L.C. and Sun Communities Operating Limited Partnership.

  • Seller's compliance with the Performance Standards shall be reviewed by the parties at the end of each three month period (except with respect to the Inventory Loss Standard which shall be reviewed at the end of the term of the Agreement) (or shorter with respect to the first such period) period ending July 31, October 31, January 31 and April 30 (each, a "Measurement Period").