Inventory on Hand definition

Inventory on Hand means all merchandise and inventory of the Purchased Business (excluding samples, damaged merchandise or layaways) (i) physically located at any National Logistics Services warehouse and entered into the receiving system, (ii) in transit from the National Logistics Services warehouse in Mississauga to another National Logistics Services warehouse, the Leased Stores or the Head Office or (iii) physically located at the Leased Stores or the Head Office;
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Examples of Inventory on Hand in a sentence

  • These sites may not be used to advertise the sale of your Inventory on Hand or for advertising personal specials.

  • Inventory information is sent regularly by LOCAL BUYER and contains agreed Min/Max inventory parameters, Inventory on Hand in the consignment and last receipts information.

  • Inventory on Hand Your supply of authentic Scentsy products that you previously ordered, physically stored or have in your possession.

  • On the first business day of each month, beginning on January 1, 2014, Cardinal Health shall calculate its current Days of Inventory on Hand (DIOH) of Supplier’s raw material inventory for all channels.

  • On the Business Day prior to Closing, Sellers shall provide to Buyer (y) a final list of the items of Inventory on Hand to be sold to Buyer on the Closing Date, and (x) a final list of any Future Inventory and the aggregate purchase price paid therefor.

  • Advertising your Inventory on Hand (Resalable or not) for sale online (including through social media, online classified sites, and online auctions sites) or at any Retail Location is strictly prohibited.

  • At Buyer’s expense, Buyer may cause a count of all Inventory on Hand to be conducted prior to or immediately the Closing Date in a manner that is reasonably acceptable to Seller.

  • You may return Resalable Inventory on Hand to Scentsy, including Scentsy Family Store items, for a refund.

  • Inventory information is sent regularly by Endwave and contains Min/Max inventory parameters, Inventory on Hand in the consignment and last receipts information.

  • Advertising your Inventory on Hand (Resalable or not) for sale online (including through social media, online classified sites and online auctions sites) or at any Retail Location is strictly prohibited.

Related to Inventory on Hand

  • 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.

  • 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.

  • 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;

  • 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.

  • Inventories means “Inventories” as defined in the Uniform System of Accounts, such as, but not limited to, provisions in storerooms, refrigerators, pantries and kitchens; beverages in wine cellars and bars; other merchandise intended for sale; fuel; mechanical supplies; stationery; and other expensed supplies and similar items.