Material inventory definition

Material inventory means a water service line material
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Material inventory means a water service line material inventory developed by a community water supply under this Act.
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Material inventory shall have the meaning set forth in Section 9.4.
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Examples of Material inventory in a sentence

  • Materials Management Material inventory assets as of the preceding year ended December 31st.

  • Material inventory is stated at cost using the first-in, first-out (FIFO) method.

  • Raw Material inventory decreased due to inventory control measures and lower prices.

  • Material inventory levels will be based on the type and frequency of maintenance occurring at each maintenance facility.

  • Raw Material, Component, Spares and Packing Material inventory cost is determined at Weighted average.

  • Material, inventory, and merchandise may be displayed outdoors, provided that an area is dedicated for said activity.

  • The Special Nuclear Material inventory consists mainly of Plutonium-Beryllium sources that are used to produce neutrons and uranium enriched in U-235 used for nuclear cross-section measurements.

  • Hazards Related to MaterialsThe manufacturing capacities of the proposed products are presented in Table 1 and Raw Material inventory is presented in Table 2.

  • Material inventory is to be maintained in a manner that will provide an audit trail from purchase to installation as well as material on hand.

  • Material inventory management, contract administration services, warehousing and logistics services.


More Definitions of Material inventory

Material inventory. Buyer will pay Seller a sum equal to the lower of Seller's costs of net realizable value of all Raw Material Inventory, adjusted to reflect FIFO valuation. All Purchased Assets shall be removed at Buyer's expense within thirty (30) days of Closing, except for any Machinery and Equipment required by Seller for the production of Excess Inventory as defined in Section 1.5, which shall be removed within thirty (30) days after the completion of such production. The cost of restoring the premises which such Purchased Assets were located shall be borne solely by Seller, except to the extent that such expenses are due to Buyer's gross negligence in removing the Purchased Assets. Buyer and Seller will agree on or before the close of business on July 10th, 2000, on the value of Seller's Finished Goods Inventory and Raw Material Inventory and jointly prepare prior to Closing a statement reflecting their determination of the value of each SKU (stock keeping unit) contained in Seller's Finished Goods inventory and Raw Material Inventory. On the first Saturday following the satisfaction or waiver of the conditions contained in Article IV (the "First Saturday"), Seller shall physically count (the "Physical Count") the Finished Goods Inventory and the Raw Material Inventory. Buyer shall have the right to observe such Physical Count and any related compilation. The results of the Physical Count shall be used to calculate the purchase price of the Finished Goods Inventory and Raw Material Inventory under Section 1.4.
Sample 1
Material inventory means a water service line material inventory developed by a community water supply pursuant to this Act.
Sample 1

Related to Material inventory

  • 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.

  • Material Intellectual Property means Intellectual Property that is owned by or licensed to a Grantor and material to the conduct of any Grantor’s business.

  • 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.

  • Supplier Equipment means the Supplier's hardware, computer and telecoms devices, equipment, plant, materials and such other items supplied and used by the Supplier (but not hired, leased or loaned from the Customer) in the performance of its obligations under this Call Off Contract;

  • material hoist means a hoist used to lower or raise material and equipment, excluding passengers; "medical certificate of fitness" means a certificate contemplated in regulation 7(8);

  • Material Property means all Real Property owned in fee in the United States by any Credit Party, in each case, with a fair market value of $7,425,000 (as determined by the Borrower in good faith) or more, as determined (i) with respect to any Real Property owned by any Credit Party on the Closing Date, as of the Closing Date, and (ii) with respect to any Real Property acquired by a Credit Party after the Closing Date, as of the date of such acquisition.