Perishable Inventory definition
Perishable Inventory means Inventory included in the following categories as reported by the Loan Parties consistent with then-current industry practices: bakeries, produce, floral, dairy, fresh seafood, meat and deli.
Perishable Inventory means inventory consisting of meat, dairy, cheese, seafood, produce, prepared meals, delicatessen, non-artificial floral products and bakery goods and other similar categories of Inventory which have a short shelf life.
Perishable Inventory means Inventory consisting of dairy, frozen foods, deli, bread, sweet snacks and other perishable grocery items.
Examples of Perishable Inventory in a sentence
Perishable Inventory shall be considered out of date if it has expired on the Closing Date.
More Definitions of Perishable Inventory
Perishable Inventory means Inventory that is subject to decay, spoilage, or destruction solely due to the passage of time.
Perishable Inventory means Inventory consisting of meat, dairy, cheese, seafood, produce, delicatessen, non-artificial floral products and bakery goods and other similar categories of Inventory that have a short shelf life.
Perishable Inventory means Inventory consisting of packaged baked goods, baked goods, meat, sliced meat and deli, dairy, produce and vegetables, seafood, floral and restaurant goods (as defined by the Borrowers in good faith), in each case having a shelf-life of forty-five (45) days or less.
Perishable Inventory means Invento▇▇ ▇▇▇▇ ▇▇ subject to decay, spoilage, or destruction solely due to the passage of time.
Perishable Inventory means Inventory that is subject to decay, spoilage, or destruction solely due to the passage of time. “Permitted Discretion” means a determination made in good faith and in the exercise of reasonable (from the perspective of a secured asset-based lender) business judgment. “Permitted Encumbrances” means: (a) Liens imposed by law for Taxes that are not yet due or are being contested in compliance with Section 6.05; (b) landlord’s, carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like Liens imposed by law, arising in the ordinary course of business and securing obligations that are not overdue by more than 90 days or are being contested in compliance with Section 6.05; (c) pledges and deposits made in the ordinary course of business in compliance with workers’ compensation, unemployment insurance, old-age pension and other social security laws or regulations;
Perishable Inventory. Any Inventory that does not constitute Non- Perishable Inventory.
Perishable Inventory. Any Inventory that does not constitute Non- Perishable Inventory.