Secondary Inventory definition

Secondary Inventory means that certain subset of the Inventory identified on Schedule II as to which the Trustee is herein granted an initial security interest which Trustee shall release upon request of the Borrower in the event Expansion Debt (as defined herein) is issued in accordance with the terms of Section 4.09 of the Indenture.
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Secondary Inventory has the meaning set forth in Section 2.7(v). -------------------
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Examples of Secondary Inventory in a sentence

  • The Primary Inventory Value and Secondary Inventory Value are collectively referred to as the "INVENTORY VALUES".

  • After receipt and confirmation of the part numbers and quantities of the Component Parts received from ▇▇▇▇▇▇▇ as the Initial Inventory and Secondary Inventory, Supplier shall hold the ▇▇▇▇▇▇▇ supplied Initial Inventory and Secondary Inventory in escrow ("Escrow").

  • Supplier grants to ▇▇▇▇▇▇▇, effective upon its purchase of the Initial and Secondary Inventory pursuant to Article 7.5 and 7.6, as security for Supplier's payment obligations under Article 7.8, a security interest in such Initial Inventory and the proceeds thereof, all under the Uniform Commercial Code of the State of Texas.

  • The requirements of this program include, but are not limited to: complying with Defense Logistics Information System procedures; collaborating, when requested, on proposed data changes with other registered federal users of an item of supply; registering, via GSA, of GSFC as Primary Inventory Control Activity or Secondary Inventory Control Activity; and forwarding those items which meet demand criteria specified by NASA or ILMD for registration in the Federal Cataloging System, and assignment of NSNs.

  • IBM Credit reserves the right, upon written notice to Borrower, to require Borrower to report Supplemental Collateral, Secondary Inventory and Secondary Accounts Receivable pursuant to the provisions of Section 2(B)(ii), (viii) and (x), and upon receipt of such notice, Borrower shall categorize and report Collateral as either Supplemental Collateral, Primary Collateral, Secondary Inventory or Secondary Accounts Receivable pursuant to such provisions.

  • Review of the Contractor's Waste Management Plan will not relieve the Contractor of responsibility for compliance with applicable environmental regulations or meeting Project diversion requirements.

  • Supplier agrees to accept delivery into escrow of and to purchase from ▇▇▇▇▇▇▇ certain raw Materials and Component Parts inventory used in Phase B manufacturing ("Secondary Inventory" which is described and priced in Exhibit B attached).

Related to Secondary Inventory

  • Product Inventory means all inventory owned as of the Closing by Seller or any Affiliate thereof of finished Product that is in conformance with the Specifications and has an expiration date of October 1, 2016 or later, regardless of whether such inventory is held at a location or facility of Seller or any Affiliate (or of any other Person on behalf of Seller or any Affiliate, including in any of Seller’s warehouses, manufacturers, suppliers, distributors or consignees) or in transit to or from Seller or any Affiliate (or any such other Person).

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Transferred Inventory has the meaning set forth in Section 2.2(a)(iii).

  • Eligible Finished Goods Inventory means Inventory that qualifies as Eligible Inventory and consists of first quality finished goods held for sale in the ordinary course of Borrowers’ business.

  • In-Transit Inventory means Inventory of a Borrower which is in the possession of a common carrier and is in transit from a Foreign Vendor of a Borrower from a location outside of the continental United States to a location of a Borrower that is within the continental United States.