Prepaid Inventory definition

Prepaid Inventory means goods not received by the Business on or before the Closing Date that have been paid for by the Seller on or before the Closing Date.

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Prepaid Inventory means all Inventory that has been paid for by Sellers prior to the Closing Date but as to which Sellers have not taken title or delivery as of the Closing Date.

Prepaid Inventory means the amount reflected on the Final Balance Sheet as prepayments made by Seller for Inventories that Seller has not received as of the time of the Physical Inventory.

Examples of Prepaid Inventory in a sentence

Inventory shall remain with Company after payment is received from the Customer, except that at all time the Prepaid Inventory shall be held by Company for the benefit of Customer until used or consumed by Customer or disposed of in accordance with the terms of this program.
Company hereby acknowledges that the Prepaid Inventory identified under this Addendum has been prepaid by Customer.
The term “Current Assets” means the Receivables, Owned Inventory, Prepaid Inventory and Specified Prepaid Expenses included in the Purchased Assets.
Company agrees that it will not pledge, encumber, use the Prepaid Inventory as collateral, or permit any liens to be attached to the Prepaid Inventory or use the Prepaid Inventory for any such purposes without the written consent of Customer.
Borrower shall not grant any security interest in Borrower’s accounts receivable, Inventory, Prepaid Inventory or other Collateral except in favor of Lender.

More Definitions of Prepaid Inventory

Prepaid Inventory means, without duplication with Inventory, inventory that has been paid for by Seller or any Selling Affiliate prior to the Closing Date and was intended to be used by Seller or such Selling Affiliate exclusively in the Business that has not been delivered to Seller or such Selling Affiliate at or prior to the Closing Date. For the avoidance of doubt, Prepaid Inventory shall not be deemed Inventory for purposes of the adjustment pursuant to Section 1.3(g).

Prepaid Inventory has the meaning assigned to that term in Section 2.5. “Prepaid Inventory Payment” has the meaning assigned to that term in Section

Prepaid Inventory means and includes Goods, as identified under the prepaid inventory line of Borrower’s balance sheet, that Borrower acquires outside of the borders of the United States of America and that have not yet arrived at or been delivered to Borrower’s Premises. Any Good that is considered Prepaid Inventory shall cease to be Prepaid Inventory and shall constitute Inventory when it reaches Borrower’s Premises.

Prepaid Inventory shall have the meaning set forth in Section 2.2(a).

Prepaid Inventory shall consist of the undisputed Excess Components on the then current E&O List provided by Benchmark to Customer that the Parties agree to handle according to the Prepaid Inventory Option and for which Benchmark has issued Customer an invoice according to paragraph (c) below. Customer waives any further dispute to Customer’s liability for such Excess Components added to Prepaid Inventory.

Prepaid Inventory means all inventory of the STB Business, including any raw materials, work in process, finished goods, consumables, service parts, packing materials and supplies, that Company or any Seller Subsidiary has irrevocably paid for prior to the Closing Date and not yet received by the Company or a Seller Subsidiary. Prepaid Inventory shall not include any inventory included in Owned Inventory.

Prepaid Inventory means all inventory of the Business including any raw materials, work in process, finished goods, consumables, service parts, packing materials and supplies paid prior to the Closing Date and not yet received as inventory. The term “Prepaid License Fees” shall refer to fees for licenses set forth on Schedule 2.2(a). The Estimated Current Assets Statement shall be prepared in accordance with the same accounting principles, practices, methodologies and policies used to prepare the Carve-Out Financial Statements and, to the extent consistent with the foregoing, in accordance with GAAP. Notwithstanding the foregoing, (A) any assets of the Seller or a Subsidiary that are not part of the Purchased Assets shall not under any circumstances be deemed a Current Asset.