Reserve Inventory definition

Reserve Inventory shall have the meaning set forth in Section 2.1.2.

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Reserve Inventory means a seventeen (17) day supply of solid fuel for the Facility, on an equivalent Btu basis, which has been sampled and analyzed pursuant to Section 6.3 hereof and which meets the Average Quality Characteristics of Section 6.1 (b) hereof. Such Reserve Inventory must be located within five (5) miles of the Facility, on Seller's or Buyer's property, at such one or more locations as Seller shall from time to time specify in writing to Buyer, and Seller shall protect the Reserve Inventory from weather in a manner which is acceptable to Buyer and is approved by Buyer in writing.

Reserve Inventory means Product Inventory which is not being purchased by Versicor as of the Effective Date and which is specifically identified as Reserve Inventory in EXHIBIT D attached hereto.

Examples of Reserve Inventory in a sentence

The amount of any Receivable Reserve, Inventory Reserve, Bank Product Reserve, or other Reserve established by Agent shall have a reasonable relationship to the event, condition, other circumstance, or fact that is the basis for such reserve and shall not be duplicative of any other reserve established and currently maintained.
The amount of any Receivable Reserve, Inventory Reserve, Bank Product Reserve, Cash Settlement Reserve, or other Reserve established by Agent shall have a reasonable relationship to the event, condition, other circumstance, or fact that is the basis for such reserve and shall not be duplicative of any other reserve established and currently maintained.
The amount of any Receivable Reserve, Inventory and Fixed Asset Reserve, Bank Product Reserve, the Distilled Spirits Tax Reserve, the Rail Reserve, or any other Reserve established by Agent shall have a reasonable relationship to the event, condition, other circumstance, or fact that is the basis for such reserve and shall not be duplicative of any other reserve established and currently maintained.
The amount of any Receivable Reserve, Inventory Reserve, Bank Product Reserve or other Reserve established by Agent shall have a reasonable relationship to the event, condition, other circumstance, or fact that is the basis for such Reserve and shall not be duplicative of any other Reserve established and currently maintained.
In no event shall such opportunity limit the right of Agent to establish or change such Receivable Reserve, Inventory Reserve, Bank Product Reserve, or other Reserves, unless Agent shall have determined, in its Permitted Discretion, that the event, condition, other circumstance, or fact that was the basis for such Receivable Reserve, Inventory Reserve, Bank Product Reserve, or other Reserves or such change no longer exists or has otherwise been adequately addressed by Borrower.
The amount of any Receivable Reserve, Inventory Reserve, Real Property Reserve, Bank Product Reserve, or other Reserve established by Agent shall have a reasonable relationship to the event, condition, other circumstance, or fact that is the basis for such reserve and shall not be duplicative of any other reserve established and currently maintained.
In no event shall such opportunity limit the right of Agent to establish or change such Receivable Reserve, Inventory Reserve, Bank Product Reserve, or other Reserves, unless Agent shall have determined, in its Permitted Discretion, that the event, condition, other circumstance, or fact that was the basis for such Receivable Reserve, Inventory Reserve, Bank Product Reserve, or other Reserves or such change no longer exists or has otherwise been adequately addressed by Borrowers.
Notwithstanding the foregoing, in the event of an Unforeseen Circumstance that limits Seller's ability to deliver coal to Buyer, Seller shall allow Buyer access to the Reserve Inventory (or another source identified by Seller) so that Buyer can transport coal from the Reserve Inventory (or coal in the same quantity on a Btu basis from such other source) to the Facility with its own trucks.
Versicor shall maintain the Reserve Inventory in appropriate and secure storage facilities under appropriate temperature conditions and controls and shall otherwise manage the Product Inventory with the same care as Versicor would provide for its own property, including without limitation proper insurance.
Additionally, Versicor shall provide Lilly with a quarterly report on the status of the Reserve Inventory, setting forth the information described in EXHIBIT ▇.

More Definitions of Reserve Inventory

Reserve Inventory means, as of any time, inventory held as reserve ----------------- inventory by Borrower for sale in future periods in accordance with current practice.

Reserve Inventory has the meaning set forth in Paragraph 4.2(g).

Reserve Inventory is defined in Section 5.2(g).

Reserve Inventory means and shall include the Active Inventory With Less Than a Two Time Turn and the Inactive Inventory.

Reserve Inventory the Seller's stock of spare parts, work in process and finished goods listed on EXHIBIT B hereto which are subject to purchase by the Buyer pursuant to Section 2.6 hereof.

Reserve Inventory means Constrained Inventory, Large Account Programs, or Available Inventory as defined in Schedule A.