Slow Moving Inventory definition

Slow Moving Inventory means with respect to any U.S. Borrower or Canadian Borrower or any Canadian Subsidiary Guarantor, as applicable, an amount equal to the Value of such Credit Party’s Qualified Inventory classified by such Credit Party as stock inventory (measured on a stock keeping unit by stock keeping unit basis) (A) that (i) has not been sold or processed within a 180 day period and (ii) which is calculated to have more than 365 days of supply based upon the immediately preceding 6 months of consumption, or (B) to the extent days of supply data in (ii) above is not available then an amount equal to the Value of such Credit Party’s Qualified Inventory classified by such Credit Party as stock inventory (measured on a stock keeping unit by stock keeping unit basis) which has not been sold or processed within the prior 365 day period.

Slow Moving Inventory means inventory, (A) with quantities on hand representing more than 180 days of supply based on usage in the last 12 months or (B) with less than, the lesser of (i) 90 days useful life or (ii) 1/4 of its shelf life remaining; provided that, for the avoidance of doubt, with respect to clause (A), only that portion of inventory that exceeds the amount required for 180 days of supply shall be considered Slow Moving Inventory.

Slow Moving Inventory means Inventory that is (i) over 24 months old from date of receipt or (ii) in quantities exceeding the last 24 months’ sales by unit.

Examples of Slow Moving Inventory in a sentence

• Refer to Note No. 2.29.Inventories as stated above is net of Provision for / (Reversal) of Non / Slow Moving Inventory of ` 759.05 Lakhs - Previous year - ( ` 262.38 Lakhs) ` Lakhs` LakhsCost of Materials Consumed76,158.2388,080.33Cost of Traded Goods Sold6,557.797,539.45Cost of Land held as Stock-in-Trade—173.14Stores and Spares152.84159.89Cost of Inventory recognised as an expenseParticulars2019-202018-192.13.

• All Eligible Inventory and Slow Moving Inventory are now and at all times hereafter shall be of good and merchantable quality, free from defects.

• Vendor shall provide Blue Coat with a monthly report setting forth the number of Slow Moving Inventory, Excess Components and Obsolete Components.

• Subject to the notification requirements set forth herein, Vendor will exercise commercially reasonable efforts to mitigate Blue Coat’s liability for Excess Components, Obsolete Components Slow Moving Inventory and Special Components, including, without limitation, by canceling or rescheduling materials orders, selling materials or utilizing the materials for other customers.

• Inventory 2004LE2003LEFinished Products 127,904,19795,132,506Raw Materials, Consumables and Spare Parts 91,252,34280,624,396Work In Process 9,843,6757,315,128L/Cs for Purchase of Goods 11,181,7865,975,869 240,182,000189,047,899Less: Provision for Slow Moving Inventory (13,338,734)(12,020,240) 226,843,266177,027,659Notes to the consolidated financial statementsFor the year ended December 31 2004 8.

More Definitions of Slow Moving Inventory

Slow Moving Inventory means inventory on hand with respect to any product that (i) is in excess of the average number of units of such product sold during the 12 months prior to the Closing, or (ii) is not used or sold at any of Buyer’s current locations. For avoidance of doubt, Slow-Moving Inventory shall not include any product that has not been on hand for at least twelve months. 22624125-v3

Slow Moving Inventory means Inventory held by Borrowers for more than one hundred twenty (120) days.

Slow Moving Inventory means any Inventory in excess of the most recent 12 months of sales or usage for such Inventory (other than newly developed products manufactured or introduced within the last 6 months) and any Inventory that has not been produced within the prior 12 months.

Slow Moving Inventory means, as of any date, Inventory produced by Borrower more than 12 months prior to such date.

Slow Moving Inventory means any inventory where 100% of the like inventory has not turned in the previous twelve (12) months.

Slow Moving Inventory means Inventory of a Borrower that is (a) held for sale in the ordinary course of such Borrower’s business and (b) remains unsold in such Borrower’s stock for greater than 12 months.

Slow Moving Inventory means Inventory which has been marked out of stock by Borrower, which Inventory is subject to verification by Lender in connection with each field examination of the Collateral.