Usable Inventory definition

Usable Inventory means inventories, including raw materials, work in process, finished goods, goods-in-transit from suppliers or manufacturers to Seller and raw material held pursuant to swap arrangements, paid for or payable by Seller, which are saleable, processable, or recyclable (recyclability with respect to drummed inventory to be determined by Buyer in Buyer’s reasonable opinion) in the ordinary course of business and which are used or intended for use, or held for sale, in connection with the Carbon Products Business
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Usable Inventory means Inventory that is not faulty, damaged, broken or defective for use in the Xerox Laser Printer Maintenance Business.
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Usable Inventory means Inventory that is good, usable and defect-free, per IASA Wheel specifications, and that reasonably is determined by Accuride and IASA to be salable within six (6) months after the Company takes title to it as provided under Section 4.1(a)(ii) of the Agreement.
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Examples of Usable Inventory in a sentence

  • SECTION 5.1 Disposition of Usable Inventory and of Non-Usable Inventory.

  • The full consideration for the Assets shall be Ten Million Eight Hundred and Sixty Thousand Dollars ($10,860,000), plus the dollar value of the Usable Inventory (the "Purchase Price"), subject to adjustments to the Escrowed Funds (as hereinafter defined) pursuant to Section 3.2. Buyer shall pay the lower of Seller's cost or the fair market value for the Usable Inventory.

  • The full consideration for the Assets shall be Fourteen Million Two Hundred Thousand Dollars ($14,200,000), plus the dollar value of the Usable Inventory (the "Purchase Price"), subject to adjustments to the Escrowed Funds (as hereinafter defined) pursuant to Section 3.3. Buyer shall pay the lower of Seller's cost or the fair market value for the Usable Inventory.

  • Section 3.1 is amended to provide that the Purchase Price shall be Eleven Million One Hundred Sixty Thousand Dollars ($11,160,000), plus the dollar value of the Usable Inventory, plus or minus the Adjustment Amount, plus any additions to the Purchase Price pursuant to the Promissory Note..

  • All of the Inventory included in the Purchased Assets is Usable Inventory.

  • In no --- event shall the Buyer be required to pay for Inventory which is not Usable Inventory.