Returned Inventory definition

Returned Inventory means Inventory which is sold by the Companies prior to the Triggering Date (as defined in the Intercreditor Agreement), but not paid for, and which is returned to the Companies after the Triggering Date.

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Returned Inventory shall have the meaning set forth in Section 1.6A(d) of this Agreement.

Returned Inventory means Customer Returned Goods and Customer Ordered Inventory for which the order has been cancelled by either the customer (in accordance with any Seller's customary policies regarding cancellation) or Sellers.

Examples of Returned Inventory in a sentence

Returned Inventory shall be segregated and not commingled with other Inventory of the Loan Party Obligors.
The post-Closing purchase price adjustment percentage shall be (i) for the Ventev Products and Ventev Returned Inventory[--] to Sellers and [--] to Buyer, and (ii) for the Other Adjustment Inventory and Other Adjustment Returned Inventory, [--] to Sellers and [--] to Buyer.
From and after the Closing Date, with respect to any inventory of the CD Business that is shipped to customers of the CD Business prior to the Closing and is returned by such customers ("Returned Inventory"), the Company shall be entitled to receive such Returned Inventory and the Company shall credit to such customer the full value of such Returned Inventory against the applicable Account Receivable.
The term of such purchase price adjustment (the “Purchase Price Adjustment Period”) shall be [--] following the Closing in the case of the Ventev Products and Ventev Returned Inventory, and [--] following the Closing in the case of the Other Adjustment Inventory and Other Adjustment Returned Inventory (in each case, without any extension based on when any such Returned Inventory was actually received by Buyer).
Buyer shall pay Seller for such Returned Inventory an amount equal to seventy-five percent (75%) of Buyer's actual selling price therefor.
Buyer shall pay CP for the Returned Inventory which is Current Arrow Inventory an amount equal to fifty percent (50%) of Buyer's average selling price therefor.
From and after the 180 Day Anniversary, Buyer, prior to placing any purchase orders for Inventory of the type included in the Returned Inventory with outside suppliers to support then current customer purchase orders, shall first place such purchase orders to Sellers for the purchase of the Returned Inventory, at the lower of cost or fair market value.
Prior to submitting a request for reimbursement of the replacement costs, Buyer shall test and re-screen the Returned Inventory to verify that the Returned Inventory is defective.
The Seller shall promptly notify Buyer in writing and provide reasonable documentation to Buyer if any amounts in respect of Returned Inventory is credited against or deducted from any Account Receivable retained by the Seller.
The remaining 20% of the Returned Inventory shall consist of parts chosen at the discretion of the Purchaser.

More Definitions of Returned Inventory

Returned Inventory means all inventory or goods (including returned, repossessed or reclaimed inventory or goods) the sale of which gave rise to any Receivable or otherwise representing or evidencing any Receivable or other Collateral.

Returned Inventory shall have the meaning provided in Section 3.4. In general, Returned Inventory shall mean that inventory which will be returned to Seller subject to the 10% return adjustment allowed by this agreement. Returned Inventory represents approximately 10% of the initial Inventory Value.

Returned Inventory means inventory which has been returned to us by our customers which has been inspected by us and which is carried on our books and records for an amount which includes a deduction for any damage noted during such inspection.