Threshold Inventory definition

Threshold Inventory means, as of the date of determination, no less than 80% of Borrowers’ Inventory, as measured by book value, other than demonstration systems.
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Examples of Threshold Inventory in a sentence

  • The Threshold Inventory is of good and merchantable quality, free from material defects.

  • Except as set forth on Schedule 5.5, the Threshold Inventory and the Threshold Equipment are not stored with a bailee, warehouseman, or similar party and are located only at the locations identified on Schedule 5.5 or are in transit from one such location to another.

  • Except as set forth on Schedule E-1, store the Threshold Inventory or Threshold Equipment of Borrowers at any time now or hereafter with a bailee, warehouseman, or similar party without Agent’s prior written consent.

  • Keep the Threshold Inventory and Threshold Equipment only at the locations identified on Schedule 4.5 or in transit from one such location to another; provided, however, that the Administrative Borrower may amend Schedule 4.5 so long as such amendment occurs by written notice to the Collateral Agent not less than thirty (30) days prior to the date on which such Inventory or Equipment is moved to such new location, so long as such new location is within the continental United States.

  • In consideration of Purchaser's assumption of the warranty repair and merchandise exchange obligations under the Assumed Contracts, as described in Section 2.4(b), Purchaser shall be entitled to receive an adjustment to Threshold Inventory Sales (the "Warranty and Merchandise Exchange Amount").

  • Based on the Warranty and Merchandise Exchange Amount, Purchaser shall be entitled to claim a credit against the Threshold Inventory Sales.

  • Except as set forth on Schedule 4.5, store the Threshold Inventory or Threshold Equipment of the Borrowers at any time now or hereafter with a bailee, warehouseman, or similar party without the Collateral Agent’s prior written consent.

  • Schedules 5.01(y)(1) and (2) contain a true, correct and complete list, as of the Closing Date, of the legal names and addresses of each warehouse at which the Threshold Inventory or Threshold Equipment, as the case may be, is stored.

  • All Threshold Inventory and Threshold Equipment located within the United States and held on the date hereof by each Grantor is located at one of the locations shown on Schedule 5.01(y) attached to the Credit Agreement.

  • If the value of the Inventory so determined (“Actual Inventory Value”) is greater than or less than the Threshold Inventory Value, the difference (the “Inventory Adjustment Amount”) shall be added to or subtracted from the Purchase Price.

Related to Threshold Inventory

  • 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.

  • 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.

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

  • Excess Inventory means all Inventory and Special Inventory possessed or owned by Flextronics that is not required for consumption to satisfy the next [***] of demand for Products under the then-current purchase order(s) and forecast.

  • Obsolete Inventory means items that have expired, are redundant or damaged;