Reload Inventory definition
Reload Inventory means Inventory of a Borrower that has been delivered to and is located at a facility owned, leased or managed by a third party that is not such Borrower’s customer and that is in the business of holding goods of others as a bailee or otherwise.
Examples of Reload Inventory in a sentence
The term “Excluded Assets” means Excluded Collateral of any Canadian Loan Party, any present or after-acquired goods (including fixtures) of any Canadian Loan Party, other than inventory and Inventory (including Vendor Managed Inventory and Reload Inventory) of such Canadian Loan Party, and any present or after-acquired real property or interests therein (whether in fee or of a lesser estate), and improvements thereto or thereon, of any Canadian Loan Party.