Open Inventory definition

Open Inventory means inventory of the Company held by the Primary Shareholder or any of its Affiliates (other than the Company and its subsidiaries), excluding any inventory in transit from the Primary Shareholder to the Company as evidenced by a valid ▇▇▇▇ of lading.
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Examples of Open Inventory in a sentence

  • Open Inventory Position 60 ARTICLE VIII - Events of Default and Remedies 60 Section 8.1. Events of Default 60 Section 8.2. Remedies 63 ARTICLE IX - Administrative Agent 63 Section 9.1. Appointment and Authority 63 Section 9.2. Exculpation, Administrative Agent's Reliance, Etc.

  • For the remaining internal inventory ("Open Inventory" as defined in 2a below), the same fees will apply should TN choose to utilize ADSmart's banner serving technologies.

  • The Company covenants and agrees that as of the Closing Date, the Company's Open Inventory Contracts for the following types of inventory shall not exceed $50,000 in the aggregate: jewelry, pagers, cell phones, computers and air conditioners.

  • The remaining 25% inventory (the "Open Inventory") shall remain the property of TN and may be utilized at the discretion of TN for those purposes TN deems appropriate.

  • The Company shall provide to the Acquiror, at or prior to Closing, a copy of each Open Inventory Contract with respect to the "RTO" Stores.

  • Select Open Inventory Count Allows cashier to select from a list of available open inventory counts.

  • The Company represents that the Open Inventory Contacts with respect to the "Rentronics" Stores will be comparable to those provided for the "RTO" Stores (taking into account the percentage that such Stores represent of all of the Company's Stores).

  • Any sales of Open Inventory will be achieved by either TN internal sales or provided exclusively to ADSmart by TN under the same terms as Allocated Inventory.

Related to Open 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.

  • 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).

  • Excluded Inventory has the meaning set forth in Section 2.2(b).

  • Eligible Finished Goods Inventory means Inventory that qualifies as Eligible Inventory and consists of first quality finished goods held for sale in the ordinary course of Borrowers’ business.

  • Transferred Inventory has the meaning set forth in Section 2.2(a)(iii).