Inventory Reduction definition

Inventory Reduction has the meaning set out in Section 6.1 of Schedule 6 [Changes, Minor Works and Innovation Proposals];
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Inventory Reduction means, as to any Performance Period, the reduction to the Company’s or a business unit’s inventory during the Performance Period, determined in accordance with generally accepted accounting principles, provided, however, that prior to the Determination Date, the Committee shall determine whether any significant items shall be included or excluded from such calculation with respect to one or more Participants.
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Inventory Reduction means, as to any Performance Period, the reduction to the Company’s or a business unit’s inventory during the Performance Period, determined in accordance with generally accepted accounting
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Examples of Inventory Reduction in a sentence

  • If the early termination in (a) – (d) or the DS-3 Inventory Reduction occurs after the first twelve (12) months of the commitment term, then no early termination liability will apply.

  • If the early termination in (a) – (d) or the DS3 Inventory Reduction occurs after the first 12 months of the commitment term, then no early termination liability will apply.

  • Prior to the Closing Date Seller may transfer inventory from Remaining Retail Stores to the Wind-Up Stores consistent with the Inventory Reduction Plan.

  • Category 1 - Machines Category 8 - Options by IBM Full Inventory Reduction Credit - No Reporting Required: Category 2 - Machines Only Category 9 - Options by IBM The Price Reduction Credit will be determined by multiplying your Adjusted Inventory Count of the Product by the Product Credit.

  • Supplier reserves the right to collect an “alternate early termination liability” applicable to (a) – (d) above and to the DS-3 Inventory Reduction in an amount equal to the monthly recurring charge for the remaining months from the latter of (i) March 1, 2011 or (ii) the date of installation, through the first twelve (12) months of the commitment term.

  • Inventory Reduction 1 operator running the benchmark wave planning process.

  • Supplier reserves the right to collect an “alternate early termination liability” applicable to (a) – (d) above and to the DS3 Inventory Reduction in an amount equal to the monthly recurring charges for the remaining months from the latter of (i) March 1, 2011 or (ii) the date of installation, through the first 12 months of the commitment term.

  • C&S agrees to work with Grand Union to maintain service levels to Grand Union Stores while Grand Union is reducing inventory at the facilities used by Grand Union to service the New York Region in accordance with the Inventory Reduction Plan and Timetable mutually agreed upon by C&S and Grand Union.

  • When negotiating and agreeing upon the Inventory Reduction Plan, the Parties agree to negotiate in good faith with respect to a possible increase in the Merchandise Value referenced in Section 1.3(b) of this Agreement if feasible and in the best interests of all Parties.

  • This report will include, but is not limited to, the following: o Introduction, Background, GHG Inventory, Reduction Strategies, Implementation, and Climate Change Adoption Strategies sections.

Related to Inventory Reduction

  • Inventory Reserve means reserves established by the Administrative Agent to reflect factors that may negatively impact the Value of Inventory, including change in salability, obsolescence, seasonality, theft, shrinkage, imbalance, change in composition or mix, markdowns and vendor chargebacks.

  • Inventory Reserves means such reserves as may be established from time to time by the Administrative Agent, in its reasonable commercial discretion exercised in good faith and not inconsistent with past practice, with respect to changes in the determination of the salability, of the Eligible Inventory (or Eligible In-Transit Inventory, as the case may be) or which reflect such other factors as negatively affect the market value of the Eligible Inventory, but without duplication of any Tax Stamp Reserves.

  • 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 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.

  • 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;