Xxxx Inventory definition

Xxxx Inventory means the Products that Xxxx purchases from PRC under this Agreement and that Xxxx owns at the time in question.
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Xxxx Inventory means the Products that Xxxx purchases from DCR under this Agreement and that Xxxx owns at the time in question.
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Xxxx Inventory shall have the meaning set forth in Section 2.2(a)(vii).
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Examples of Xxxx Inventory in a sentence

  • The quantity and quality of Products received into and delivered from the Included Locations, as well the quantity and quality of Xxxx Inventory in the Included Locations at any given time, shall be determined by applying the Volume Determination Procedures in accordance with the latest established API/ASTM standards, or other mutually agreed to specifications, and shall include tank heels and working inventory.

  • Xxxx may only store Xxxx Inventory in the Tanks that has been purchased from PRC pursuant to this Agreement.

  • DCR shall be liable for contamination of the Xxxx Inventory, unless such contamination is due to Aron’s or its representative’s negligence or willful misconduct.

  • DCR shall make available to Xxxx all of DCR’s and its Affiliates’ rights to use the Tanks for the Term of this Agreement to store the Xxxx Inventory sold by DCR to Xxxx pursuant to this Agreement.

  • Xxxx shall own and have title to all of the Xxxx Inventory stored in the Included Locations (it being agreed and acknowledged that (i) Excess Quantities and Excluded Third-Party Inventory do not constitute Xxxx Inventory and (ii) upon PRC purchasing any Xxxx Inventory pursuant to Section 6.4.5, such quantities shall not constitute Xxxx Inventory unless and until the quantities in the affected Tanks are repurchased by Xxxx pursuant to Section 6.4.5).

  • PRC, for itself and on behalf of its Affiliates, fully acknowledges Aron’s title to and interest in the Xxxx Inventory and further represents and warrants that neither it nor any of its Affiliates shall have any Lien on the Xxxx Inventory and waives any Lien held by it (if any) in the Xxxx Inventory.

  • Insurance is to be placed with insurer with a Bests' rating of no less than an “A” rating.

  • Solely in its capacity as bailee, DCR shall have custody of Xxxx Inventory from the time such Xxxx Inventory passes the inlet flange of the Tanks (including tanks at the Included Locations) until such time as such Xxxx Inventory passes the outlet flange of the Tanks (including tanks at the Included Locations).

  • Xxxx shall own and have title to all of the Xxxx Inventory stored in the Included Locations (it being agreed and acknowledged that (i) Excess Quantities do not constitute Xxxx Inventory and (ii) upon DCR purchasing any Xxxx Inventory pursuant to Section 6.4.5, such quantities shall not constitute Xxxx Inventory unless and until the quantities in the affected Tanks are repurchased by Xxxx pursuant to Section 6.4.5).

  • As to contamination to the Xxxx Inventory for which DCR is liable pursuant to this Section 9.6, DCR shall promptly notify Xxxx of such contamination and the Parties shall account for any differences in the grade of the contaminated or downgraded Xxxx Inventory (including to the extent any such material no longer continues to meet the specifications for any Product for purposes hereof) pursuant to the volume determination, invoicing and payment procedures set forth in Sections 6.3, 12.1 and 12.5.


More Definitions of Xxxx Inventory

Xxxx Inventory means the Products that Xxxx (i) purchases from the Transaction Entities under this Agreement or (ii) has purchased from the Transaction Entities under either Original Inventory Intermediation Agreement, and in each case, that Xxxx owns at the time in question.
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Xxxx Inventory means those goods referenced in the file “XXXX Inventory.xlsx”, which file was provided by Merchant to Agent by email on December 17, 2014 at 9:36 a.m. CT, and located at the “hilton annex” facility as of the Sale Commencement Date.
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Related to Xxxx Inventory

  • 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.

  • Eligible Finished Goods Inventory means Eligible Inventory consisting of finished goods available for sale (as determined in a manner acceptable to the Administrative Agent in its Permitted Discretion and consistent with past practices).

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

  • Transferred Inventory shall have the meaning set forth in Section 1.1(c).

  • 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.

  • Excluded Inventory shall have the meaning set forth in Section 2.1(c).

  • Finished Goods means completed goods which require no additional processing or manufacturing to be sold to third party customers by the Loan Parties in the ordinary course of business.

  • Eligible Inventory means and include Inventory of a Borrower, excluding work in process, valued at the lower of cost or market value, determined on a first-in-first-out basis, which is not, in Administrative Agent’s Permitted Discretion, obsolete, slow moving or unmerchantable and which Administrative Agent, in its Permitted Discretion, shall not deem ineligible Inventory, based on such considerations as Administrative Agent may from time to time deem appropriate including whether the Inventory is subject to a perfected, first priority security interest in favor of Administrative Agent and no other Lien (other than a Permitted Encumbrance). In addition, Inventory shall not be Eligible Inventory if it: (a) does not conform to all standards imposed by any Governmental Body which has regulatory authority over such goods or the use or sale thereof; (b) is Foreign In-Transit Inventory or in-transit within the United States; (c) is located outside the continental United States; (d) constitutes Consigned Inventory; (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 Administrative Agent’s right to sell or otherwise dispose of such Inventory, unless Administrative Agent is a party to a Licensor/Administrative Agent Agreement with the Licensor under such License Agreement (or Administrative Agent shall agree otherwise in its Permitted Discretion after establishing reserves against the Formula Amount with respect thereto as Administrative Agent shall deem appropriate in its sole discretion); (g) is situated at a location not owned by a Borrower unless the owner or occupier of such location has executed in favor of Administrative Agent a Lien Waiver Agreement (or Administrative Agent shall agree otherwise in its Permitted Discretion after establishing reserves against the Formula Amount with respect thereto as Administrative Agent shall deem appropriate in its Permitted Discretion); or (h) or if the sale of such Inventory would result in an ineligible Receivable.

  • Inventory Value means with respect to any Inventory of a Loan Party at the time of any determination thereof, the standard cost determined on a first in first out basis and carried on the general ledger or inventory system of such Loan Party stated on a basis consistent with its current and historical accounting practices, in Dollars, determined in accordance with the standard cost method of accounting less, without duplication, (i) any markup on Inventory from an Affiliate and (ii) in the event variances under the standard cost method are expensed, a Reserve reasonably determined by the Agent as appropriate in order to adjust the standard cost of Eligible Inventory to approximate actual cost.

  • In-Transit Inventory means Inventory of a Borrower which is in the possession of a common carrier and is in transit from a Foreign Vendor of a Borrower from a location outside of the continental United States to a location of a Borrower that is within the continental United States.

  • Inventories means “Inventories” as defined in the Uniform System of Accounts, such as, but not limited to, provisions in storerooms, refrigerators, pantries and kitchens; beverages in wine cellars and bars; other merchandise intended for sale; fuel; mechanical supplies; stationery; and other expensed supplies and similar items.

  • Inventory Formula Amount means, with respect to any item of Eligible Inventory and at any time of determination, the lesser of (a) 65% of the lower of cost and market of such Inventory and (b) 85% of the Net Orderly Liquidation Value of such Inventory.

  • Inventory Tracking System means the required tracking

  • Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Great American Group dated June 2007 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraisal firm pursuant to Section 9.2(b).

  • Supplier Equipment means the Supplier's hardware, computer and telecoms devices, equipment, plant, materials and such other items supplied and used by the Supplier (but not hired, leased or loaned from the Customer) in the performance of its obligations under this Call Off Contract;

  • Port Cargo Handling Equipment means rubber-tired gantry cranes, straddle carriers, shuttle carriers, and terminal tractors, including yard hostlers and yard tractors that operate within ports.

  • Unsaleable liquor merchandise means a container that:

  • Inventory control system means a system described in Section 4-41a-103.

  • shipped includes removal from the work sites by ship or any other means;

  • SKU means stock-keeping unit.

  • Finished Products means the fully assembled and shrink-wrapped Licensed Products, each including a Game Cartridge, Game Cartridge label and Printed Materials.

  • Inventory Reserves means such reserves as may be established from time to time by the Agent in its Permitted Discretion with respect to the determination of the saleability, at retail, of the Eligible Inventory, which reflect such other factors as affect the market value of the Eligible Inventory or which reflect claims and liabilities that the Agent determines will need to be satisfied in connection with the realization upon the Inventory. Without limiting the generality of the foregoing, Inventory Reserves may, in the Agent’s Permitted Discretion, include (but are not limited to) reserves based on:

  • Finished Lots Entitled Land with respect to which (a) development has been completed to such an extent that permits to allow use and construction, including building, sanitary sewer and water, are entitled to be obtained for a Unit on such Entitled Land and (b) start of construction has not occurred.

  • Analytical x-ray equipment means equipment used for x-ray diffraction or fluorescence analysis.

  • Eligible In-Transit Inventory means, as of any date of determination thereof, without duplication of other Eligible Inventory, In-Transit Inventory: