Total Inventory definition
Total Inventory means the Assigned Inventory and the Guaranteed
Total Inventory. (less) non-Eligible Inventory: __________________ equals [Eligible Inventory: __________________] [-------------------- -------------------- --------------------] -------- 1 Insert title if being delivered by other office or member of management of Stellex Industries, Inc. with significant responsibility for its financial affairs. 50% of Eligible Inventory: __________________ ("T1")
Total Inventory is the aggregate of 30% of Eligible Finished Goods Inventory (valued at the lower of cost or wholesale fair market value) plus 15% of Eligible Raw Materials (valued at the lower of cost or wholesale fair market value). “Total Liabilities” is on any day, obligations that should, under GAAP, be classified as liabilities on the Borrowers’ consolidated balance sheet, including all Indebtedness, and current portions of Subordinated Debt (other than interest) permitted by Bank to be paid by the Borrowers on or prior to the Revolving Line Maturity Date, but excluding all other Subordinated Debt.
Examples of Total Inventory in a sentence
Thereafter, the Parties shall mutually agree in writing to prepayment against Total Inventory and/or to those contract amendments and/or modifications required to meet the agreed Inventory Turns in the most recent calendar quarter as well as the next calendar quarter.
Calculate the inventory turnover rate as follows: Inventory Turnover = Cost of Goods / Total Inventory The higher the inventory turnover rate means the more efficiently a company is able to grow sales volume.
The Ally Parties will adjust the Interest Rate Increment daily based on the Total Inventory Value listed in the previous day’s Vehicle Report and the Wholesale Outstandings as of the same day.
For example, if the measurement period is one calendar quarter, the current quarter-end Product Revenue is $[***] and Total Inventory is $[***], then ($[***] x [***]qtrs)/$[***] = [***] Inventory Turns.
The promotional materials may contain the words "Store Closing Sale," "Total Inventory Clearance Sale," "Total Liquidation Sale," "Bankruptcy Sale" and "Bankruptcy Court Authorized Store Closing Sale" and only such other similar descriptive terms approved by the Debtors and must contain a reference to the specific Store locations.
More Definitions of Total Inventory
Total Inventory at any date, all amounts which would, in conformity with GAAP, be set forth opposite the caption "inventories" (or any like caption) on a consolidated balance sheet of the Company and its Subsidiaries at such date (net of reserves (to the extent not already net of reserves) and not subject to third party liens). "Total Net Property, Plant and Equipment": at any date, all amounts which would, in conformity with GAAP, be set forth opposite the caption "property, plant and equipment" (or any like caption) on a consolidated balance sheet of the Company and its Subsidiaries at such date (net of reserves and not subject to third party liens).
Total Inventory is the set of “Inventory” purchased by Flextronics plus “Consigned Materials” provided by the Client. A predictable and meaningful forecast against a stable ▇▇▇▇ of materials (“BOM”) for the Product may not be immediately available and Flextronics will therefore use written or email authorization from Client to initiate procurement activities. The authorization will include a reference to a current BOM or list of materials. Client hereby authorizes Flextronics to procure Inventory to perform the Services with two exceptions:
1) Flextronics will not purchase materials that the Client has specified in writing will be consigned, and
2) Purchases in excess of $25,000 on behalf of Client require the Client’s explicit written or email approval before being placed. Client will respond within three (3) business days to these requests. In the event Client provides Consigned Materials, Client agrees to consign adequate quantities to timely manufacture Products and agrees to cover any production-related attrition at Customer’s sole expense. Title to Consigned Materials remains at all times with Client and Flextronics has no obligation to purchase the Consigned Materials. Flextronics shall ensure that such Consigned Materials will be allocated part numbers to indicate Client’s ownership. Flextronics will bear responsibility for any damage or loss of Consigned Materials related to non-production causes while they are on the premises of Flextronics. Upon reasonable notice, Client may observe the warehouse space in which the Consigned Materials are stored. Client agrees to pay Flextronics a fee, to be negotiated later, of not less than [Subject to a request for confidential treatment; Separately filed with the Commission] or more than [Subject to a request for confidential treatment; Separately filed with the Commission] of the value of the Consigned Materials. During 2004 and 2005, Client expects that the value of the Consigned Materials will exceed the value of Inventory purchased by Flextronics on the Client’s behalf. The value of each item in the Consigned Materials list will be updated not more frequently than every four (4) months by Client to reflect price adjustments realized by the Client. Client will be responsible for the Total Inventory, including Total Inventory that may become excess or obsolete for several reasons, including, without limitation, the following:
a. Total Inventory purchased before a Product design is complete in order to secure supply; such ...
Total Inventory means all Finished Lots, work in process and Land Under Development as shown on the consolidated balance sheet of WHI and its Consolidated Subsidiaries.
Total Inventory means the total gross amount of Borrower’s Inventory which Borrower is required to report on all of the Borrowing Base Certificates.
Total Inventory means and include, as of the date of any determination thereof, all lots, land, land improvements, construction in progress, model homes, purchase contracts, deposits and capitalized interests of the Company or any Subsidiary together with any other amounts indicated as inventories in the then most recent consolidated balance sheet of the Company and its Subsidiaries.
Total Inventory means all goods held by an Obligor which have completed the manufacturing process and are ready for sale to customers of an Obligor and the raw materials owned by an Obligor to make such goods.
Total Inventory has the meaning specified in SECTION 3.6.