Net Inventories definition

Net Inventories means the Company’s and Subsidiaries’ combined inventories of raw materials, work in process and finished goods, calculated in accordance with GAAP net of reserves established by the Company or Subsidiaries calculated in accordance and compliance with GAAP consistent with their respective past practices.
Sample 1
Net Inventories means the raw materials, work-in-progress, finished goods less provisions as consistently reported within the “Net Inventories” in the monthly management reports of the Target Companies and Target Subsidiaries;
Sample 1
Net Inventories means the Tiffin Group’s and Subsidiaries’ combined inventories, raw materials, chassis, Wip and finished goods, net of reserves, calculated in accordance and consistent with the accounting principles.
Sample 1

Examples of Net Inventories in a sentence

  • On the other hand, consolidated Net Inventories dropped by 20% from PHP2.98 billion in 2009 to PHP2.38 billion this year.

  • The Company’s Net Inventories reflected a 44% increase from PHP1.38 billion in 2008 to PHP1.99 billion as at the close of the current year.

  • On the other hand, consolidated Net Inventories increased by 93% from beginning balance of PHP2.35 billion to PHP4.59 billion as at yearend.

  • Your Company’s Net Inventories reflected a 44% increase from PHP1.38 billion in 2008 to PHP1.99 billion as at theclose of the current year.

  • The Company’s Net Inventories reflected a 44%increase from PHP1.38 billion in 2008 to PHP1.99 billion as at the close of the current year.

  • Consolidated Net Inventories increased by 26% at PHP5.78 billion from PHP4.59 billion as at the start of the year.

  • Inventories, Net Inventories, net are stated at the lower of cost or market, and include material, labor, and manufacturing overhead costs.

  • The confiden- tiality privilege between you and a federally au- thorized tax practitioner does not apply to writ- ten communications made after October 21, 2004, regarding the promotion of your direct or indirect participation in any tax shelter.Appraisal requirement for donated prop- erty.

  • Starting in 2002, advances received in connection with the T.A.V. (High-Speed Railway) project, of which Fiat is General Contractor, that are included in the item “Advances” (Note 12), were directly subtracted from Inventories to determine Net Inventories.

  • As of May 31, 2007 net inventories consisted of the following: Raw Materials$1,409,000Work-In-Process1,723,000Finished Goods 611,000 Gross Inventories3,743,000Reserve (1,060,000) Net Inventories $2,683,000 SOLITRON DEVICES, INC.


More Definitions of Net Inventories

Net Inventories. (valued on a first-in-first-out basis and net an adequate reserve for obsolete inventory in the ordinary course of business consistent with past practices) of Seller reflected on the Closing Balance Sheet, minus (z) the amount of Seller's "Accounts Payable", "Accrued Employee Compensation" (excluding Seller's accrual for bonuses in an amount not to exceed the Closing Bonus Escrow Accrual and Seller's accrual classified as "Accrued Payroll"), "Accrued Other Expenses" (excluding Seller's accrual classified as workers' compensation, healthcare insurance claims, 401K deductions, in each case, in an amount not to exceed the amount of such accruals on the date hereof) and "Accrued Other Taxes" reflected on the Closing Balance Sheet, which components of the "Closing Working Capital" definition the parties hereto have attempted to further describe on Schedule 3.3 hereto.
Sample 1
Net Inventories means the Tiffin Group’s and Subsidiaries’ combined inventories, raw materials, chassis, WIP and finished goods, net of reserves, calculated in accordance and consistent with the Accounting Principles.
Sample 1
Net Inventories means Inventory (valued at cost) in good repair less the amount of the Assumed Payables and the unpaid amount of the Assumed Line. In valuing the Inventory, the parties shall work together to take a count of the Inventory as close to the Closing Date as reasonably practicable but no more than three business days prior to such Date.
Sample 1

Related to Net Inventories

  • 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.

  • Product Inventory means all inventory owned as of the Closing by Seller or any Affiliate thereof of finished Product that is in conformance with the Specifications and has an expiration date of October 1, 2016 or later, regardless of whether such inventory is held at a location or facility of Seller or any Affiliate (or of any other Person on behalf of Seller or any Affiliate, including in any of Seller’s warehouses, manufacturers, suppliers, distributors or consignees) or in transit to or from Seller or any Affiliate (or any such other Person).

  • Inventory Value means with respect to any Inventory of a Loan Party at the time of any determination thereof, the standard cost determined on a first in first out basis and carried on the general ledger or inventory system of such Loan Party stated on a basis consistent with its current and historical accounting practices, in Dollars, determined in accordance with the standard cost method of accounting less, without duplication, (i) any markup on Inventory from an Affiliate and (ii) in the event variances under the standard cost method are expensed, a Reserve reasonably determined by the Agent as appropriate in order to adjust the standard cost of Eligible Inventory to approximate actual cost.

  • Obsolete Inventory means items that have expired, are redundant or

  • Transferred Inventory shall have the meaning set forth in Section 1.1(c).

  • 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.

  • Product Group or “the Group” means a group of lotteries that has joined together to offer a product pursuant to the terms of the Multi-State Lottery Agreement and the Product Group’s own rules.

  • Net Invoice Price means the price paid by You for Your Vehicle including all factory fitted accessories and any discount given but excluding retailer fitted accessories, road fund licence, new vehicle registration fee, fuel, paintwork and / or upholstery protection kits, insurance premiums (including this Premium), warranty premiums and any such associated costs and any Negative Equity.

  • Finished Goods means completed goods which require no additional processing or manufacturing to be sold to third party customers by the Loan Parties in the ordinary course of business.

  • Eligible Inventory means and include Inventory of a Borrower, excluding work in process, valued at the lower of cost or market value, determined on a first-in-first-out basis, which is not, in Administrative Agent’s Permitted Discretion, obsolete, slow moving or unmerchantable and which Administrative Agent, in its Permitted Discretion, shall not deem ineligible Inventory, based on such considerations as Administrative Agent may from time to time deem appropriate including whether the Inventory is subject to a perfected, first priority security interest in favor of Administrative Agent and no other Lien (other than a Permitted Encumbrance). In addition, Inventory shall not be Eligible Inventory if it: (a) does not conform to all standards imposed by any Governmental Body which has regulatory authority over such goods or the use or sale thereof; (b) is Foreign In-Transit Inventory or in-transit within the United States; (c) is located outside the continental United States; (d) constitutes Consigned Inventory; (e) is the subject of an Intellectual Property Claim; (f) is subject to a License Agreement that limits, conditions or restricts the applicable Borrower’s or Administrative Agent’s right to sell or otherwise dispose of such Inventory, unless Administrative Agent is a party to a Licensor/Administrative Agent Agreement with the Licensor under such License Agreement (or Administrative Agent shall agree otherwise in its Permitted Discretion after establishing reserves against the Formula Amount with respect thereto as Administrative Agent shall deem appropriate in its sole discretion); (g) is situated at a location not owned by a Borrower unless the owner or occupier of such location has executed in favor of Administrative Agent a Lien Waiver Agreement (or Administrative Agent shall agree otherwise in its Permitted Discretion after establishing reserves against the Formula Amount with respect thereto as Administrative Agent shall deem appropriate in its Permitted Discretion); or (h) or if the sale of such Inventory would result in an ineligible Receivable.

  • Eligible Finished Goods Inventory means Eligible Inventory consisting of finished goods available for sale (as determined in a manner acceptable to the Administrative Agent in its Permitted Discretion and consistent with past practices).

  • Finished Products means the fully assembled and shrink-wrapped Licensed Products, each including a Game Cartridge, Game Cartridge label and Printed Materials.

  • Manufacturing Cost means ***

  • Excluded Inventory shall have the meaning set forth in Section 2.1(c).

  • Consolidated Net Tangible Assets means total assets (less depreciation and valuation reserves and other reserves and items deductible from gross book value of specific asset accounts under GAAP) after deducting therefrom (i) all current liabilities and (ii) all goodwill, trade names, trademarks, patents, unamortized debt discount, organization expenses, and other like intangibles, all as set forth on the most recent balance sheet of the Company and its consolidated Subsidiaries and computed in accordance with GAAP.

  • Total Consolidated Assets means, as of any date, the total assets appearing on the most recently prepared consolidated balance sheet of the Borrower and its Restricted Subsidiaries as of the end of the most recent fiscal quarter of the Borrower and its Restricted Subsidiaries for which such balance sheet has been provided in accordance with Section 4.01(xvii) or Section 6.01(a) or (b) (as applicable), prepared in accordance with GAAP.

  • plant products means products of plant origin, unprocessed or having undergone simple preparation in so far as these are not plants, set out in Annex IV-A, Part 3 to this Agreement;

  • Net Sales means [***].

  • Adjusted Consolidated Net Tangible Assets means (without duplication), as of the date of determination, the remainder of:

  • Net ITC means input tax credit availed on inputs and input services during the relevant period;

  • Net Tangible Assets means the total of all assets (including revaluations thereof as a result of commercial appraisals, price level restatement or otherwise) appearing on the Company’s balance sheet, net of applicable reserves and deductions, but excluding goodwill, trade names, trademarks, patents, unamortized debt discount and all other like intangible assets (which term shall not be construed to include such revaluations), less the aggregate of the Company’s current liabilities appearing on such balance sheet. For purposes of this definition, the Company's balance sheet does not include assets and liabilities of its subsidiaries.

  • gross tonnage means the gross tonnage calculated in accordance with the tonnage measurement regulations contained in Annex I to the International Convention on Tonnage Measurement of Ships, 1969 or any successor Convention.

  • Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Great American Group dated June 2007 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraisal firm pursuant to Section 9.2(b).

  • COGS means the cost of goods sold as determined in accordance with U.S.GAAP;

  • Inventory Formula Amount means, with respect to any item of Eligible Inventory and at any time of determination, the lesser of (a) 65% of the lower of cost and market of such Inventory and (b) 85% of the Net Orderly Liquidation Value of such Inventory.

  • Unsaleable liquor merchandise means a container that: