Inventory Sales definition

Inventory Sales means the passing of title of any Inventory from any Borrower or Credit Party to a buyer.
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Inventory Sales means the number of units of inventory sold or leased by Obligor to third parties. Notwithstanding any other provision of this paragraph 1, Obligor shall not be required to pay to Payee principal in excess of the original principal amount of this Note. If at any time following the date of this Note but prior to December 15, 1995, Obligor has received actual cash payments totaling $10,000,000 or more (not including credit advanced by Obligor to third parties) with respect to Obligor's sale or lease to third parties of inventory, then the March 31, 1996 date described above shall automatically be changed to the last day of the calendar quarter during which the total of such cash payments has exceeded $10,000,000.
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Examples of Inventory Sales in a sentence

  • The Parties further acknowledge that the determination and payment of the Definitive Commencement Date Value shall be made as provided in the Inventory Sales Agreement.

  • The Parties further acknowledge that the determination and payment of the Definitive Commencement Date Value shall be made as provided in the Inventory Sales Agreements.

  • Determination and payment of the Definitive Commencement Date Value shall be made as provided in the Inventory Sales Agreements.

  • If the actual physical volumes of Hydrocarbon Inventory is less than the volumes of Third Party Hydrocarbon Inventory, or if any Third Party Hydrocarbon Inventory does not meet the required product specifications, Buyer shall amend the settlement invoice for the Purchased Inventory Sales Agreement to account for any deviations from the Third Party Hydrocarbon Inventory volumes and specifications, using the prices set forth in Schedule 6.3(n), Hydrocarbon Inventory Methodology.

  • On or before ninety (90) days after the Closing Date, Seller shall calculate the Final Feedstock and Products Inventory Sales Amount by using (i) the quantity and quality measurements set forth in the Final Inventory Report prepared in accordance with Section 3.1.4 and Exhibit A, and (ii) with respect to any Crude Oil In-Transit Inventory, bills of lading, shore meters or other appropriate statements evidencing the volume thereof.

  • Borrower has provided to Agent a true and complete copy of Borrower's Inventory, Sales and Assignments procedures (the "Inventory Control Procedures"), a copy of which is attached hereto as Exhibit E.

  • At the Closing, in consideration of Seller’s assignment and conveyance of the Feedstock and Products Inventory, Buyer shall pay to Seller, by wire transfer or delivery of other immediately available funds, the Estimated Feedstock and Products Inventory Sales Amount.

  • The various quantities set forth therein shall be multiplied by the relevant price formulas set forth in Part II of Exhibit A, and Seller shall deliver to Buyer a statement (the “Feedstock and Products Sales Statement”) setting forth the Final Feedstock and Products Inventory Sales Amount, together with supporting calculations and documentation used to determine the Final Feedstock and Products Inventory Sales Amount.

  • Part II of this Exhibit A sets forth the valuation formulae and procedures for valuing the Feedstock and Products Inventory (including the In-Transit Inventory, but excluding any Unit Fill) in order to determine the Estimated Feedstock and Products Sales Amount, Feedstock and Products Sales Statement, and the Final Feedstock and Products Inventory Sales Amount.

  • Upon final determination of the Final Feedstock and Products Inventory Sales Amount pursuant to Section 3.1.5, a true-up adjustment including interest at the Applicable Rate from the Closing Date will be made in accordance with the provisions of this Section 3.1.6 (the “Feedstock and Products Sales Amount Adjustment”).

Related to Inventory Sales

  • 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 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.

  • 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.

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

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