Raw Materials Inventory definition

Raw Materials Inventory means any raw materials used or consumed in the manufacture or production of other inventory including, without limitation, iron ore and sinter, coke, coal, limestone and other alloys and fluxes, but excluding steel scrap and iron scrap (it being understood that steel scrap and iron scrap shall be included in Inventory not constituting “Raw Materials”).

Raw Materials Inventory means all Inventory of the Borrower consisting of raw materials.

Raw Materials Inventory means, with respect to the Company, the consolidated raw materials and work-in-process inventory of the Company, net of reserves, determined in accordance with GAAP.

Examples of Raw Materials Inventory in a sentence

• The beginning Raw Materials Inventory balance was $22,000, and the materials used to complete jobs during the month were $141,000 direct materials and $13,000 indirect materials.

• As to each item of Inventory that is identified by Borrowers as Eligible Finished Goods Inventory, or Eligible Raw Materials Inventory in a Borrowing Base Certificate submitted to Agent, such Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than any Agent-discretionary criteria) set forth in the definition of Eligible Inventory.

• The costs flow from Raw Materials Inventory to Work-in-Process Inventory to Finished Goods Inventory.

• As to each item of Inventory that is identified by Borrowers as Eligible Finished Goods Inventory, Eligible Work in Process Inventory, or Eligible Raw Materials Inventory in a Borrowing Base Certificate submitted to Agent, such Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than any Agent-discretionary criteria) set forth in the definition of “Eligible Inventory”.

• Raw Materials Inventory ......................................................

More Definitions of Raw Materials Inventory

Raw Materials Inventory means, as of any date of determination, the amount representing raw materials inventory of the Borrower and the Subsidiaries that would appear on a consolidated balance sheet of the Borrower and its Subsidiaries at such time prepared in accordance with GAAP.

Raw Materials Inventory means raw materials held for the purpose of production into a finished product (which finished product is to be held by Borrower for sale, lease or furnishing under a contract for service in the ordinary course of Borrower’s business), but which have not yet been subject to the commencement of such production, and which are new and unused and free from defects which would, in Lender’s sole determination determined in good faith, affect their market value.

Raw Materials Inventory means the Raw Materials acquired by Graceway pursuant to the Allergan Agreement.

Raw Materials Inventory has the meaning set forth in Section 3.16(b).

Raw Materials Inventory has the meaning set forth in Section 2.1(b).

Raw Materials Inventory means, at any time, the aggregate Inventory of the Company and its Subsidiaries, on a consolidated basis, which based upon the Company's or its respective Subsidiary's (as applicable) books and records and in accordance with GAAP, the Company has determined consists of raw materials Inventory, but in any event exclusive of duplication of Inventory which at such time is included in Finished Goods Inventory.

Raw Materials Inventory has the meaning given to such term in the Revolving Credit Agreement as in effect on the Closing Date.