LILO definition

LILO means loop-in loop-out;
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LILO. (last-in-first-out) is the inventory management method by which the origin of the number of units of the materials or consumables last received into inventory is considered as the origin in equal number of units of the materials or consumables first removed from inventory; or
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Examples of LILO in a sentence

  • In case MSETCL carries out LILO arrangement for evacuation [above 33KV/ 132/220 kV], the bus in Generator’s S/s premises will be under MSETCL’s possession.

  • For this purpose the Generator shall provide suitable space as required by MSETCL with fencing and independent entrance for MSETCL personnel for terminating arrangements for MSETCL’s LILO arrangement and also provide a space of 12 m x 8 m for MSETCL’s C and R panel and PLCC panel.

  • The LILO Contracts, LILO Sublease Contracts and Owned Car Lease Contracts have been classified on the federal and state Tax Returns of the Sellers as leases while such LILO Contracts, LILO Sublease Contracts and Owned Car Lease Contracts were owned by the Sellers and such classification has not been challenged by any Governmental Entity in any correspondence with any Seller.

  • Sellers have made available to Purchaser true, correct and complete copies of each LILO Contract and LILO Sublease Contract, and all amendments or modifications thereto.

  • Each LILO Contract and LILO Sublease Contract is a "true lease" or an "operating lease" and not a financing lease, conditional sale or security agreement.

  • Each LILO Contract and LILO Sublease Contract (i) is in full force and effect, free and clear of Encumbrances other than Permitted Encumbrances and is not subject to any defense, offset, claim, right of rescission or counterclaim by any party thereto, and (ii) is valid, binding and enforceable in accordance with its terms, except as may be limited by the Bankruptcy Exception.

  • The cash balance of the Maintenance Reserves is, as of the date set forth on Schedule 1.4, the amount set forth on such Schedule 1.4, and such amount is not less than the amount required to be maintained as of such date in accordance with the terms of the LILO Contracts.

  • The Maintenance Reserves are free and clear of Encumbrances other than Permitted Encumbrances, and are not subject to any defense, offset or other claim except as may be permitted by the terms of the LILO Contracts.

  • No LILO Contract or LILO Sublease Contract is subject to any debt subordination agreement, participation agreement, intercreditor agreement, owner trust agreement, purchase agreement, collateral sharing agreement, residual sharing agreement, remarketing agreement or vendor recourse agreement.

  • Except as set forth on Schedule 1.3 hereto, the periodic rents under each LILO Sublease Contract do not decrease during the current rental term thereof.

Related to LILO

  • Growler means any fillable, sealable container complying with federal law.

  • CAFA means the Class Action Fairness Act of 2005, 28 U.S.C. §§ 1711-1715.

  • Greenfield means land not developed beyond agricultural, range, or forestry use.

  • Barber means a person who shaves or trims the beard of a person; cuts, trims, shampoos, relaxes, curls, permanently waves, dresses, tints, bleaches, colors, arranges, or styles the hair of a person; massages the face and head of a person; or renders personal services of a similar nature customarily done by a barber.

  • MC means Measurement Canada, an Agency of Industry Canada.