WIP Inventory definition

WIP Inventory means the work-in-progress inventory of Product at the Contractor.

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WIP Inventory means the inventory of all works-in-progress, spare parts inventory, raw materials, chemicals and gases (i) located at the Facility or (ii) exclusively related to the Operations located at the physical addresses of ▇▇▇▇ ▇ ▇▇▇▇ ▇ ▇, ▇▇▇▇, ▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇, but for the avoidance of doubt, in the case of clauses (i) and (ii), excluding Finished Goods Inventory and raw wafers.

WIP Inventory means the fermented corn bushels that Seller or its Affiliates have title to which are, as of the Inventory Transfer Time, still involved in the production and fermenting process (including, slurry, liquification, fermentation and beerwell) within each of the Ethanol Plant and excludes any non-merchantable substances or products such as water or waste product. The parties agree that Undenatured Ethanol shall be included as WIP Inventory, but for purposes of this Exhibit shall be measured and valued hereunder as Product Inventory.

Examples of WIP Inventory in a sentence

All WIP Inventory purchased since September 30, 2024 consists of a quality and quantity usable and saleable in the ordinary course.
Section 3.1. Organization; Qualification; the Company 27 Section 3.2. Capitalization of the Company 28 Section 3.3. Authorization; Validity 28 Section 3.4. No Conflicts 28 Section 3.5. Acquired Assets 29 Section 3.6. Financial Statements 29 Section 3.7. WIP Inventory 30 Section 3.8. Absence of Changes 30 Section 3.9. Contracts 30 Section 3.10.
All WIP Inventory is located at, or is in transit to or from, (i) the Real Property or (ii) the real properties located at the physical addresses of ▇▇▇▇ ▇ ▇▇▇▇ ▇ ▇, ▇▇▇▇, ▇▇▇▇▇ or ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇.
All WIP Inventory reflected on the balance sheet included in the FY2024 FS consists of a quality and quantity usable and saleable in the ordinary course, except for slow-moving, damaged, defective, expired, or obsolete items (all of which have been written down to net realizable value or for which adequate reserves have been provided and all intercompany profit or other mark-up has been eliminated) and lots on hold.

More Definitions of WIP Inventory

WIP Inventory means the work-in-progress inventory of the Corporations in accordance with IFRS.

WIP Inventory means the work in progress inventory for FPD Film Thickness Measurement System, as described in Schedule 1.1Ka; the “Manufacturing Inventory” shall mean the parts inventory for FPD Film Thickness Measurement Systems, as described in Schedule 1.1Kb the “Service Inventory” shall mean the spare parts inventory for FPD Film Thickness Measurement Systems, as described in Schedule 1.1Kc; and the “Tooling Inventory” shall mean the jigs, machines, tools, assembly equipment and IT equipment as described in Schedule 1.1Kd, in each case (i) in Nanometrics’s possession or (ii) in the possession of a subcontractor of Nanometrics and held on behalf of Nanometrics as of the Transaction Date.

WIP Inventory. Means the work-in-progress inventory of Products.

WIP Inventory means, as of a particular date, all works-in-progress consisting of Rum and aging Distillate manufactured for use in the Products, stored in Panama (with respect to Rum) or Venezuela (with respect to both Rum and aging Distillate) and owned by the Transferred Companies, or in the case of such Rum or aging Distillate located in Venezuela, owned by DUSA Venezuela, as of such date.

WIP Inventory means the work-in-progress inventory of Product (the number of Units of Product at various stages of the Manufacturing process flow) at Contractor. Workweek: shall be seven (7) calendar days beginning on Monday and ending on Sunday. For planning purposes each Workweek is assigned a consecutive number for the entire year.

WIP Inventory means all skirting, transportation costs, decks and improvements to home locations in preparation for sale.

WIP Inventory has the meaning set forth in Section 2.2(a).