Production Inventory definition

Production Inventory means all Inventory purchased for the purpose of building information technology systems on a contracted and as needed basis for designated Obligors (as defined in the Receivables Funding Documents), but only if such Inventory would constitute Eligible Inventory but for the fact that such Inventory is held for production and not for sale in the ordinary course of the Borrower’s business.
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Examples of Production Inventory in a sentence

  • Eligible Raw Land and Land Under Development shall mean all land other than land included in the definition of Eligible Model Houses, Rental Houses (if any), Eligible Production Inventory, Eligible Developed Lots Sold or Eligible Developed Lots Unsold.

  • Eligible Production Inventory shall mean all detached or attached (including townhouse condominiums and condominiums) single family houses which are completed (including Speculative Houses but excluding Eligible Model Houses and Rental Houses, if any) or for which there has been a Start of Construction (including Speculative Houses but excluding Eligible Model Houses and Rental Houses, if any), and the lots on which such houses are located.

  • The value of Eligible Production Inventory shall be calculated in accordance with GAAP and shall include all associated costs required to be capitalized under GAAP, but shall be reduced by the then outstanding aggregate amount of Indebtedness secured by any Eligible Production Inventory and which is Permitted Secured Indebtedness; provided that the cost of obtaining commitments for financing terms to be provided to the buyers of Eligible Production Inventory shall be excluded.

  • Each Co-Producer will maintain the Production Inventory in “show” condition, and in any case will maintain the Production Inventory with at least the same level of care as it maintains its own costumes, scenes, and other assets.

  • Co-Producers agree that Production Inventory items are to be made to a standard and using materials appropriate to the expectations of the United States theater industry and in a manner consistent with legal requirements.

  • A final List of Service Inventory and Production Inventory shall be compiled and attached to this Agreement by December 10, 1997.

  • The budget shall be allocated to buy the materials necessary to manufacture the Production Inventory as well as to cover the labour expenses in manufacturing the Production Inventory, the costs of preparation of the Co- production Bible in the English language as well as other expenses related to the administration of the Co-production.

  • The value of Eligible Production Inventory shall be calculated in accordance with GAAP and shall include all associated costs required to be capitalized under GAAP, but shall be reduced by the then outstanding aggregate amount of Indebtedness secured by any Eligible Production Inventory and which is Permitted Indebtedness; provided that the cost of obtaining commitments for financing terms to be provided to the buyers of Eligible Production Inventory shall be excluded.

  • A Sender will at the time of shipment give the Recipient a written report about the condition of the Production Inventory as set out in the Plan.

  • Co-Producers will produce and fund the choreography, musical arrangement, and design, manufacture, shipping, and assembly of one set of the Production Inventory of the Ballet on the basis set out in this Agreement.