Military Inventory definition

Military Inventory means Inventory for military uses which require export licenses and for which Purchaser has not obtained the requisite licenses prior to the Closing Date or with respect to which any approvals or consents by applicable Laws have not been obtained prior to the Closing Date.
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Examples of Military Inventory in a sentence

  • The Seller possesses adequate Permits for the Seller to conduct the Business substantially as now and heretofore conducted, all of which are listed on Schedule 4(g) and, to Seller’s Knowledge, except as otherwise set forth on Schedule 4(g) hereto and except for any Permits related to the Military Inventory, such Permits may be transferred or assigned to Purchaser, are in full force and effect and are without any conflict with the rights of others in any such Permits.

  • Prior to obtaining such Permits, Jaco shall be permitted to sell the Military Inventory notwithstanding the provisions of Section 6(h).

  • Each party shall promptly take all appropriate action to obtain all necessary Permits in order to transfer the Military Inventory to Purchaser in accordance with applicable Laws.

  • Within ten (10) days following all necessary approvals from all applicable Governmental Bodies or expiration of all applicable time periods, Purchaser shall purchase the Military Inventory from Seller on a basis consistent with the purchase of other Inventory.