Soft Inventory definition

Soft Inventory means Time Share Inventory that (x) is not subject to any Lien (other than Permitted Liens of the type described in clauses (a) through (g) and clause (i) of the definition thereof) and (y) is not available for immediate sale.
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Soft Inventory means Inventory of Borrower other than Hard Inventory, consisting of merchandise in the following categories, Division 1 - alpine clothing, Division 2 - snowboard clothing, Division 3 - casual clothing, Division 4 - lifestyle,
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Soft Inventory means paper products used or useful in, arising from or otherwise related to the Colorful Images Business.
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Examples of Soft Inventory in a sentence

  • On the Claim Date (as defined in the Escrow Agreement) a maximum of 50% of the nonprecious material, labor and overhead content of any remaining Soft Inventory will be permitted to be disbursed to the Buyer pursuant to the Escrow Agreement but only to the extent of the account balance remaining in the Inventory Indemnification Escrow Fund.

  • Within five business days of the end of the second full calendar month after the Closing Date, Buyer will calculate the amount by which $300,000 exceeds 50% of the value of nonprecious material, labor and overhead content of all Soft Inventory and promptly deliver a certificate to Seller setting forth such amount.

  • In addition, the Closing Statement shall include a schedule of Soft Inventory (as defined in Section 10.8) as of the Closing Date.

  • Upon receipt of such certificate, an amount equal to the Soft Inventory Release Amount less the Damages specified in the certificate shall be released from the Inventory Indemnification Escrow Fund to Seller.

  • Thereafter, within five business days of the end of every other calendar month, up to and including such month end most nearly preceding the 18 month anniversary of the Closing, Buyer will determine which Soft Inventory has been shipped or placed into production on a shop order.

  • In the event that at the Claim Date (as defined in Section 7 below), the cumulative Soft Inventory Release Amounts are less $300,000, the difference, to the extent not greater than the actual balance in the Inventory Indemnification Escrow Fund, shall be released to Buyer, notwithstanding paragraph (a)(ii) above.

  • Notwithstanding the foregoing provisions of this Section 11.2 (a), with respect to any breaches of the representations and warranties contained in Section 3.4(b), Buyer's sole remedy with respect to breaches of Section 3.4(b) with respect to Soft Inventory shall be pursuant to the procedures set forth in Section 10.8 of this Agreement and Section 6(c) of the Escrow Agreement.


More Definitions of Soft Inventory

Soft Inventory is defined as those inventory items for which the balance on hand at Closing exceeds two and one half times the usage during the twelve month period prior to Closing. "Usage" shall mean either shipment to customers or placement into production on a shop order.
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Related to Soft 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.

  • 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.

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

  • Excluded Inventory has the meaning set forth in Section 2.2(b).