Merchandise Inventory definition

Merchandise Inventory means all foodstuffs, beverages, tobacco products, magazines, books, household products, automotive products or accessories, and any other products of the Business of whatever nature held for retail sale out of the Stores, other than Petroleum Inventory.

Merchandise Inventory means saleable items of merchandise of every type and description at the Locations as of the Closing excluding Petroleum Inventory, Supplies Inventory and Food Service Inventory. For purposes of determining Merchandise Inventory, “saleable” shall mean all items other than (1) items that violate applicable government code specifications; (2) spoiled or damaged items, including packaging thereof; and (3) items that are stale dated as of the date of the inventory audit.

Merchandise Inventory means saleable items of merchandise of every type and description (including alcohol and alcoholic beverages) at the Station Properties as of the Closing excluding Fuel Inventory, supply inventory and fuel service inventory.

Examples of Merchandise Inventory in a sentence

• These inventories are normally expensed when purchased and therefore are not reported on the statement of net assets.⮚ Merchandise Inventory – Those inventories maintained which are available for resale to individuals and other University departments, and are not expensed at the time of purchase.

• These inventories are normally expensed when purchased and therefore are not reported on the statement of net assets. Merchandise Inventory – Those inventories maintained which are available for resale to individuals and other University departments, and are not expensed at the time of purchase.

• If another organization purchases concessions and merchandise items and donates the proceeds of those sales to the school, then a Merchandise Inventory and Sales Form is not required since the inventory was not purchased with school activity funds.

• A Merchandise Inventory and Sales Form will be completed by a responsible person, assigned by the Principal, at least once a week in which a sale occurs.

• A Merchandise Inventory and Sales Form must be completed for the sale of all merchandise and concessions purchased with school activity funds.

More Definitions of Merchandise Inventory

Merchandise Inventory means, Inventory (other than (a) Lubricants not for sale at a retail location and (b) Petroleum Inventory) held by any Obligor for retail sale in the Ordinary Course of Business.

Merchandise Inventory means all caskets, urns, vaults, monuments, and other supplies owned by Seller as of the Closing Date or used or held for use in connection with the operation of the Business.

Merchandise Inventory means all merchandise (excluding any Product Inventory) owned by the Companies as of the Measurement Time and acquired for resale or use in the Retail Assets (including Food Supplies), whether in transit or located elsewhere, whether in the possession of the Companies or any other Person.

Merchandise Inventory means all usable, non-damaged and non-out of date products and items held for sale to the public including, without limitation, all food related items requiring further processing, packaging or preparation and ingredients from which prepared foods are made to be sold.

Merchandise Inventory means, on the Closing Date, all items and goods, other than Motor Fuel Inventory, available for retail sale from the Property by the Seller in the Seller's ordinary course of business other than items and goods which, in the Purchaser's reasonable discretion, are non-saleable, damaged, obsolete, outdated, contained in open packaging or generally not sold by Purchaser at its other properties.

Merchandise Inventory means for purposes of this Agreement all of Sellers' merchandise inventory as at the Closing Date designated and/or allocated for the Business, whether located in the Stores, any Seller distribution center or warehouse (including, but not limited to, the Repp Catalogue Warehouse), any third party location, or any otxxx place or location otherwise under the custody and control of Sellers, including layaway, repair and special order merchandise; provided, however, Merchandise Inventory shall not include: (i) Defective Merchandise, (ii) goods which belong to sublessees, licensees or concessionaires of Sellers, and (iii) goods held by Sellers on memo, on consignment, or as bailee; provided, further, In-Transit Goods shall not become Merchandise Inventory until such time as such goods are received by Sellers or Purchaser, as the case may be.

Merchandise Inventory means items of merchandise of every type and description at the Station Properties as of the Cut-over Time excluding Petroleum Inventory, Food Service Items and Supplies Inventory.