Invoice Cost definition

Invoice Cost as used in this Agreement is defined as the manufacturer's (supplier or packer) delivered cost or f.o.

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Invoice Cost means, with respect to an item of Equipment, the purchase price paid by Borrower for the Financed Equipment, but deducting therefrom the portion of the purchase price attributable to shipping charges, installation costs and sales, use and other taxes. FINOVA shall be required to make a requested Advance only if (i) no Event of Default exists as of the date of the Advance and the Advance would not cause an Event of Default to occur, (ii) Borrower's Operating Cash Flow for the consecutive 12-month period ending as of the last day of the month preceding the date of the Advance was at least 1.1 times the amount necessary to meet ▇▇▇▇▇▇▇▇'s Senior Contractual Debt Service for such 12-month period, and (iii) such Advance, when aggregated with all prior Advances, would not exceed Five Hundred Thousand Dollars ($500,000). "Operating Cash Flow/Actual" means, for any period, ▇▇▇▇▇▇▇▇'s net income or loss (excluding the effect of any extraordinary gains or losses), determined in accordance with GAAP, plus or minus each of the following items, to the extent deducted from or added to the revenues of Borrower in the calculation of net income or loss: (i) depreciation; (ii) amortization and other non-cash charges; (iii) interest expense paid or accrued; and (iv) total federal and state income tax expense determined as the accrued liability of Borrower in respect of such period, regardless of what portion of such expense has actually been paid by Borrower during such period; and after deduction for each of (a) federal and state income taxes, to the extent actually paid during such period; (b) any non-cash income; and (c) all actual Capital Expenditures made during such period and not financed. By making a request for an Advance, Borrower is making a representation and warranty that the Financed Equipment that is being financed with such Advance will be acquired by Borrower free and clear of all Liens, except for the Lien created hereunder. Borrower shall not have the right to re-borrow any Advance to the extent that it has been repaid.

Invoice Cost with respect to any Vehicle shall mean the aggregate cost of such Vehicle (exclusive of Charges) reflected on the invoice therefor delivered to Agent pursuant to Section 3.1 of the Participation Agreement.

Examples of Invoice Cost in a sentence

Failure to adhere to this condition will result in forfeiture of all claims for reimbursement for the item(s) in question.
All such Equipment Loans shall be in such amounts as are requested by Borrowing Agent, but in no event shall any Equipment Loan exceed eighty percent (80%) of the Net Invoice Cost of the equipment being purchased by Borrowers and the total amount of all Equipment Loans advanced shall not exceed, in the aggregate, the Maximum Equipment Loan Amount.
As used in this Lease, “Stipulated Loss Value” shall mean the product of the Total Invoice Cost of the Lost Equipment, times the percentage factor applicable to the Loss Payment Date, as set forth in the Schedule of Stipulated Loss Values incorporated in such Schedule.
As used in this Lease, "Stipulated Loss Value" shall mean the product of the Total Invoice Cost (designated on the appropriate Equipment Schedule) of the Equipment and the applicable percentage factor set forth on the Schedule of Stipulated Loss Values attached to the Equipment Schedule.
Borrower will hold in trust for Lender all of the proceeds of any sale of Inventory, and Borrower will immediately remit the unpaid Invoice Cost of such item of Inventory to Lender.
Borrower promises to pay to Lender the amount of each Loan pursuant to each applicable Schedule, together with interest and charges on the Invoice Cost and/or fees on the account as specified in each applicable Schedule and this Agreement (collectively, the “Total Debt”).
Debtor agrees that the repurchase of any item of Collateral by the manufacturer or any distributor thereof shall constitute a commercially reasonable private sale of the Collateral by Secured Party, if the price obtained is equal to: (a) the then outstanding Invoice Cost of such item of Collateral, minus (b) amounts incurred, if any, to restore such item of Collateral to the equivalent of unused condition.
Upon demand by Lender, Borrower shall immediately remit to Lender the full unpaid Invoice Cost of any item of Inventory (which amount shall be applied in repayment of the Loan(s) relating to such item of Inventory or otherwise as determined by Lender in its sole discretion) as to which (i) Borrower receives any deposit or similar amount from a contemplated purchaser and/or (ii) Borrower enters into a contract to sell such item of Inventory.
In such a case, the unpaid Invoice Cost of such item of Collateral and the amount to be financed by Secured Party may be offset against one another to determine the amount payable by or to Debtor.
The Purchase Price of the Equipment shall be an amount equal to fifty-nine (59) percent of the original Total Invoice Cost of the Equipment (as specified on the Equipment Schedule), together with all taxes and charges upon sale (excluding any taxes calculated on the basis of net income or capital gains to Lessor).

More Definitions of Invoice Cost

Invoice Cost means the Competitive Price that is set at the monthly formal pricing strategy meeting, which price shall appear on the invoice from Geneva to Anda.

Invoice Cost means the price charged a retail outlet for motor fuel by an independent wholesaler.