Trade Inventory definition

Trade Inventory all loose trade fittings, furniture, equipment and other articles on the Property other than those belonging to Us that are available for Your use in connection with the Business, including any additional items that You have acquired for the Business during the Term.
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Trade Inventory all trade fittings, furniture and equipment which do not form part of the Fixtures and Fittings and other portable items on the Property for use in connection with the Business, including any items that you add to the Trade Inventory during the Term.
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Trade Inventory means, as of a particular date, all of the Delatestryl® Vials that have been shipped by Seller to distributors, wholesalers and/or other customers listed on Section 3.12 of the Seller’s Disclosure Schedule (“Seller’s Customers”) prior to or as of such date and which, as of such date, have not yet been sold to an end user, as determined in accordance with Section 2.5.
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Examples of Trade Inventory in a sentence

  • If You purchase the Trade Inventory from Us, We will still own it until it is paid for in full.

  • You acknowledge that You have not entered into this agreement in reliance on any statement, representation, warranty or confirmation of any nature in relation to the Property, Fixtures and Fittings, Trade Inventory or Business, except for written replies to enquiries given by Our solicitors in response to formal enquiries raised by Your solicitors.

  • You must indemnify Us for any costs, losses or expenses that We incur if any items in the Trade Inventory are owned by a third party.

  • The Trade Inventory will then become Our property to deal with as We wish but We may ask You at any time to buy it back from Us at the Re-Purchase Price or the Inventory Sale Price (whichever is the higher).

  • We make no representation warranty or condition as to the state, condition or quality of the Trade Inventory or the Stock and any representations, warranties or conditions (if any) as may be implied by law into a sale by Us of the Trade Inventory or the Stock are (to the extent permitted by law) expressly excluded from this tenancy.

  • You must reimburse us with any costs, losses or expenses that we incur if any third party claims against us in relation to any Trade Inventory items.

  • You acknowledge that you have not entered into this Tenancy in reliance on any statement, representation, or confirmation of any nature in relation to the Property, Fixtures and Fittings, Trade Inventory or Business.

  • We make no representation warranty or condition as to the state, condition or quality of the Trade Inventory or the Stock and any representations, warranties or conditions (if any) as may be implied by law into a sale by Us of the Trade Inventory or the Stock are (to the extent permitted by law) expressly excluded from this lease.

  • We will not unreasonably withhold Our permission in the case of a charge over the whole of the Property in favour of a reputable bank, if the charge excludes the Trade Inventory and the bank agrees to give Us a minimum of 7 days’ notice before exercising its rights under the charge following Your default.

  • If you purchase the Trade Inventory from us we will still own it until you pay for it in full.


More Definitions of Trade Inventory

Trade Inventory means all trade fittings, furniture and equipment which do not form part of the Fixtures and Fittings and other portable items on the Property for use in connection with the Business, including any items that you add to the Trade Inventory during the Term.
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Trade Inventory means all of the stock-in-trade of the Business (including consumable stores, maintenance spares and inventory in transit to and from the Business), as at the Effective Date and provided for in the Effective Date Accounts;
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Related to Trade Inventory

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

  • 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.

  • Consigned Inventory means Inventory of any Borrower that is in the possession of another Person on a consignment, sale or return, or other basis that does not constitute a final sale and acceptance of such Inventory.

  • Eligible Inventory means and include Inventory, excluding work in process, with respect to each Borrower, valued at the lower of cost or market value, determined on a first-in, first-out basis, which is not obsolete, slow moving or unmerchantable as determined by Agent in its Permitted Discretion and which Inventory, based on such considerations as Agent may from time to time deem appropriate in its Permitted Discretion including whether the Inventory is subject to a perfected, first priority security interest in favor of Agent and no other Lien (other than a Permitted Encumbrance). Notwithstanding anything herein to the contrary, no Inventory shall be Eligible Inventory to the extent such Inventory was acquired by a Borrower pursuant to an entity creation under Section 7.12 or a Permitted Acquisition, unless Agent has (i) completed field examinations with respect to such Inventory, the results of which are satisfactory in form and substance to Agent in its Permitted Discretion or (ii) waived such restriction in its Permitted Discretion. In addition, Inventory shall not be Eligible Inventory if it: (a) does not conform in all material respects to all standards imposed by any Governmental Body which has regulatory authority over such goods or the use or sale thereof; (b) is in transit (other than between one or more locations where Borrowers are permitted hereunder to maintain or store Inventory and such location is the subject of a Lien Waiver Agreement or a Processor’s Agreement, as applicable, unless such location is owned by Borrower); (c) is located outside the continental United States or at a location that is not otherwise in compliance with this Agreement; (d) constitutes Consigned Inventory (other than Consigned Inventory that is subject to a warehouseman’s waiver in form and substance satisfactory to Agent); (e) is the subject of an Intellectual Property Claim; (f) is subject to a License Agreement that limits, conditions or restricts the applicable Borrower’s or Agent’s right to sell or otherwise dispose of such Inventory, unless Agent is a party to a Licensor/Agent Agreement with the Licensor under such License Agreement (or Agent shall agree otherwise in its Permitted Discretion after establishing reserves against the Formula Amount with respect thereto as Agent shall deem appropriate in its Permitted Discretion); (g) at any time following seventy-five (75) days after the Closing Date (or such later date agreed to by Agent), is situated at a location not owned by a Borrower unless the owner or occupier of such location has executed in favor of Agent a Lien Waiver Agreement or a Processor’s Agreement, as applicable (or Agent shall have established reserves against the Formula Amount with respect thereto as Agent shall deem appropriate in its Permitted Discretion in an amount not to exceed the equivalent of three (3) months’ rental obligation with respect to such location); or (h) if the sale of such Inventory would result in the creation of a Receivable which, on the date of such sale, would fail to constitute an Eligible Receivable due to the operation of any of clauses (b), (c) or (e) – (p) of such definition.