Inventory losses definition

Inventory losses means losses due to breakage, damage,
Sample 1Sample 2Sample 3
Inventory losses means any damaged, missing or unsaleable food products, merchandise, unusable, missing or unservicable supplies. 8) "Joint Inspection" shall mean F.I.C.C. and FriendCo shall jointly inspect each Restaurant and Premises to determine what if any repairs are necessary to the Building, the Outside Areas, the Systems, the Trade Fixtures or the Equipment to bring the foregoing into standard operable condition. 9) "Lending Group" or "Lenders" shall mean those financial institutions identified in the Second Amended and Restated Revolving Credit. 10) "Restaurant Cash" shall mean all cash maintained at any individual restaurant. 11) "Restaurant Cash Losses" shall mean any shortfall or negative discrepancy between the amount of Restaurant Cash determined to be present upon the Joint Inspection and paid for by FriendCo, and the amount of Restaurant Cash determined to be present upon the opening of the restaurant for business by FriendCo's employees. 12.
Sample 1
Inventory losses means all Relevant Liabilities, Damages and any other costs, expenses or fees incurred or accrued by the Group Companies in connection with any rebranding, commercial settlement or disposal or replacement of Inventory.
Sample 1

Examples of Inventory losses in a sentence

  • Inventory losses - consumables for the year (R 2 687 271) (2021 : (R3 655 242)).Consumable stores comprises mainly of fuel inventory, stationery, detergents and street fittings amongst other items.

  • Inventory losses Applicable procurement or revolving fund, as applicableNote: DoD Components shall maintain internal records of the dollar amounts applicable to each category of collections deposited into Miscellaneous Receipts Account 3041.

  • As you review our gross margin performance, we believe you should considerthe following important information: — Inventory losses were 0.92% of total net sales in 2003, compared to 1.19% in 2002 and 1.52% in2001.

  • Inventory losses - consumables for the year ((R 7 356 148) (2019 : R16 453 277)).Inventory pledged as security No inventory was pledged as security for either overdraft facilities or any financial liabilities of the municipality.

  • Inventory losses would be more for refineries located away from the coast because they have to stock crude oil for longer periods.

  • Inventory losses are offset with inventory gains and treated as adjustments to the inventory allowance account vice period expenses which affects operating results.

  • Adjustments for Inventory losses due to cumulative inaccuracies of gas measurements, or from other causes, shall be charged to account 823, Gas Losses.

  • Inventory losses, if any, is charged as part of cost of sales in the Company’s statement of income.

  • Inventory losses and code changes will be annotated as appropriate on the Equipment Master Roster.

  • Inventory losses, if any, is charged as part of cost of sales in the Company’s statement of income.Crude oil and finished products are derecognized when sold, and materials and supplies are derecognized when consumed.


More Definitions of Inventory losses

Inventory losses means any damaged, missing or unsaleable food products, merchandise, unusable, missing or unservicable supplies.
Sample 1

Related to Inventory losses

  • Seller Losses shall have the meaning set forth in Section 9.1(b).

  • Purchaser Losses shall have the meaning set forth in Section 9.1(a).

  • Conduit Inventory Loan shall have the meaning assigned to such term in Section 14(d).

  • Buyer Losses shall have the meaning set forth in Section 8.2.

  • Excluded Inventory shall have the meaning set forth in Section 2.4.

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

  • Obsolete Inventory means items that have expired, are redundant or

  • Inventory Formula Amount means the lesser of (i) 65% of the Value of Eligible Inventory; or (ii) 85% of the NOLV Percentage of the Value of Eligible Inventory.

  • Inventory Value has the meaning set forth in Section 2.1.

  • Inventory Sublimit means the amount(s) set forth in Section 1(d) of Schedule A.

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Extraordinary Losses Any loss incurred on a Mortgage Loan caused by or resulting from an Extraordinary Event.

  • Retained Liabilities has the meaning set forth in Section 2.4.

  • Loss or Losses means all losses, damages, liabilities, deficiencies, claims, actions, judgments, settlements, interest, awards, penalties, fines, costs or expenses of whatever kind, including reasonable attorneys' fees and the costs of enforcing any right to indemnification hereunder and the cost of pursuing any insurance providers.

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Direct Losses means all damages, losses, liabilities, penalties, fines, assessments, claims, actions, costs, expenses (including the cost of legal or professional services, legal costs being on a substantial indemnity basis), proceedings, demands and charges whether arising under statute, contract or at common law, except Indirect Losses.

  • Excluded Real Property means (a) any fee-owned real property with a purchase price (in the case of real property acquired after the Effective Date) or Fair Market Value (in the case of real property owned as of the Effective Date, with Fair Market Value determined as of the Effective Date) of less than $3,500,000 individually, (b) any real property that is subject to a Lien permitted by Sections 6.02(iv), (xix), (xxii), (xxiii), (xxviii) or (xxxi), (c) any real property with respect to which, in the reasonable judgment of the Term Administrative Agent (confirmed by notice to the Borrower) the cost (including as a result of adverse tax consequences) of providing a Mortgage shall be excessive in view of the benefits to be obtained by the Lenders, (d) any real property to the extent providing a mortgage on such real property would (i) be prohibited or limited by any applicable law, rule or regulation (but only so long as such prohibition or limitation is in effect), (ii) violate a contractual obligation to the owners of such real property (other than any such owners that are the Borrower or Affiliates of the Borrower) that is binding on or relating to such real property (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code) but only to the extent such contractual obligation was not incurred in anticipation of this provision or (iii) give any other party (other than the Borrower or a wholly-owned Restricted Subsidiary of the Borrower) to any contract, agreement, instrument or indenture governing such real property the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law) and (e) any Leasehold.

  • Covered Losses means any and all losses, assessments, fines, penalties, administrative orders, obligations, judgments, amounts paid in settlement, costs, expenses, liabilities and damages (whether actual, consequential or punitive), including interest, penalties, reasonable court costs and attorney’s fees, disbursements and costs of investigations, deficiencies, levies, duties and imposts.

  • Excluded Liabilities has the meaning set forth in Section 2.4.

  • Excluded Expenses means an amount a claimant pays for insurance offered under a health benefit plan for a taxable year if:

  • Product Liabilities means any Liability arising out of, relating to or resulting from actual or alleged harm, injury, damage or death to persons in connection with the use of any product (including in any clinical trial or study);

  • Inventory Reserves means such reserves as may be established from time to time by the Agent in its Permitted Discretion with respect to the determination of the saleability, at retail, of the Eligible Inventory, which reflect such other factors as affect the market value of the Eligible Inventory or which reflect claims and liabilities that the Agent determines will need to be satisfied in connection with the realization upon the Inventory. Without limiting the generality of the foregoing, Inventory Reserves may, in the Agent’s Permitted Discretion, include (but are not limited to) reserves based on:

  • Fraud Losses Realized Losses on Mortgage Loans as to which a loss is sustained by reason of a default arising from fraud, dishonesty or misrepresentation in connection with the related Mortgage Loan, including a loss by reason of the denial of coverage under any related Primary Insurance Policy because of such fraud, dishonesty or misrepresentation.

  • Loss Adjustment Expenses means all costs and expenses incurred by the Company in the investigation, adjustment and settlement of claims. Loss adjustment expenses include third-party costs as well as the Company’s internal expenses, including salaries and expenses of loss management personnel and certain administrative costs.

  • Net Tangible Assets means the total of all assets (including revaluations thereof as a result of commercial appraisals, price level restatement or otherwise) appearing on the Company’s balance sheet, net of applicable reserves and deductions, but excluding goodwill, trade names, trademarks, patents, unamortized debt discount and all other like intangible assets (which term shall not be construed to include such revaluations), less the aggregate of the Company’s current liabilities appearing on such balance sheet. For purposes of this definition, the Company's balance sheet does not include assets and liabilities of its subsidiaries.