Inventory Position definition

Inventory Position means a contractual agreement with the terminal operator for the use of the storage facilities and terminaling services for the fuel.
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Examples of Inventory Position in a sentence

  • Open Inventory Position 60 ARTICLE VIII - Events of Default and Remedies 60 Section 8.1. Events of Default 60 Section 8.2. Remedies 63 ARTICLE IX - Administrative Agent 63 Section 9.1. Appointment and Authority 63 Section 9.2. Exculpation, Administrative Agent's Reliance, Etc.

  • Prevent Deterioration of Inventory Position Relative to Long-Term Business Strategy • Once minimum requirements to prevent short-term stock-out and maintain inventory above safety and cycle stock levels priority in usage of services, utilities, material and facilities will be based upon the long-term business strategy for both the Joint Venture and Shell Elastomers.

  • So long as the Total Working Inventory Position Limit for SemGroup shown in the table above is in compliance, each Business Unit's Working Inventory position Limit shown in the table above may be adjusted by up to 10%.

  • Prevent Deterioration of Inventory Position (including forecasted long-term stock-outs) • Any unit at Belpre facing forecasted drops below safety stock levels and/or cycle stock levels will be given priority in usage of services, utilities, material and facilities in order to maintain safety stock and cycle stock levels above minimum quantities provided such usage does not create the possibility of short-term stock-out.

Related to Inventory Position

  • 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;

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

  • Excluded Inventory has the meaning set forth in Section 2.2(b).

  • 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.

  • Consigned Inventory means Inventory of any Borrower that is in the possession of another Person on a consignment, sale or return, or other basis that does not constitute a final sale and acceptance of such Inventory.