Inventory Utilization definition

Inventory Utilization means, at any time, the total outstanding amount of (i) the sum of (a) Revolving Loans, (b) Letter of Credit Accomodations, (c) "Revolving Loans" as defined under the DeSoto Loan Agreement, and (d) "Letter of Credit Accomodations" as defined under the DeSoto Loan Agreement, less (ii) the sum of the amounts then being ---- included in the Borrowing Base (or, with respect to DeSoto, Inc., the borrowing formulas applicable in the DeSoto Loan Agreement) by virtue of (w) Section 2.1(a)(i)(A) hereof, (x) Section 2.1(a)(ii)(B)(i) hereof, (y) Section 2.1(a)(iii)(B)(i) hereof, and (z) Section 2.1(a)(i)(A) of the DeSoto Loan Agreement.
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Examples of Inventory Utilization in a sentence

  • The Inventory Utilization Report Form must include an accurate and complete inventory for the period showing, by COMMODITY, the beginning inventory for the period, receipts and disbursements for the period and an ending inventory.

  • Inventory Utilization Report Forms shall be submitted no more than thirty (30) days after the close of each fiscal quarter.

  • If funding becomes available, PDA may elect to reimburse the AGENCY for some portion of the expenses incurred under this AGREEMENT for each case of COMMODITY received by the AGENCY from PDA and distributed by the AGENCY to eligible recipient agencies under this AGREEMENT, provided an Inventory Utilization Report Form is submitted no later than thirty (30) days from the close of the fiscal quarter.

Related to Inventory Utilization

  • Inventory control system means a system described in Section 4-41a-103.

  • Baseline concentration means that ambient concentration level that exists in the baseline area at the time of the applicable minor source baseline date. A baseline concentration is determined for each pollutant for which a minor source baseline date is established and shall include the following:

  • Utilization of genetic resources means to conduct research and development, [conservation, collection, characterization, among others,] [including commercialization] on the genetic and/or biochemical composition of genetic resources, and [traditional knowledge associated with genetic resources] [including through the application of biotechnology] [as defined in Article 2 of the Convention on Biological Diversity].]

  • Borrowing Base Utilization Percentage means, as of any day, the fraction expressed as a percentage, the numerator of which is the sum of the Revolving Credit Exposures of the Lenders on such day, and the denominator of which is the Borrowing Base in effect on such day.

  • 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;