Morgue Inventory definition
Morgue Inventory means Inventory which the Borrower or any Subsidiary Borrower has determined is unmerchantable due to limited shelf life, as reflected on the “Morgue Inventory Report” prepared by the Borrower or such Subsidiary Borrower in the ordinary course of business and in accordance with the standards described on Schedule 6.31 hereto times 1.5.
Examples of Morgue Inventory in a sentence
Schedule 6.31 describes the Borrower’s policies as of the Closing Date for the designation of Morgue Inventory.