E&O – Business & Finance

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– What does e&o stand for in business – what does e&o stand for in business:

As shown on Exhibit 4. An item of Inventory shall not be included in Eligible Inventory if:. Obsolete Inventory means items that have expired, are redundant or damaged;. Excluded Inventory has the meaning set forth in Section 1. 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.

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.

Qualified Inventory means all Raw Materials Inventory, Semi-Finished Goods and Scrap Inventory and Finished Goods Inventory held by the Borrower in the normal course of business and owned solely by the Borrower per plant level records whereby manufactured items are valued at pre-determined costs and purchased items are valued at rolling average actual cost.

Export-Related Inventory means the Inventory of Borrower located in the United States that has been purchased, manufactured or otherwise acquired by Borrower for sale or resale as Items, or to be incorporated into Items to be sold or resold pursuant to Export Orders.

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. Inventory Advance Rate shall have the meaning set forth in Section 2. 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.

Inventory Reserve means reserves established by the Administrative Agent to reflect factors that may negatively impact the Value of Inventory, including change in salability, obsolescence, seasonality, theft, shrinkage, imbalance, change in composition or mix, markdowns and vendor chargebacks.

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.

Eligible Accounts Receivable means, at the time of any determination thereof, each Account that satisfies the following criteria at the time of creation and continues to meet the same at the time of such determination: such Account i has been invoiced to, and represents the bona fide amounts due to the Borrowers from, the purchaser of goods or services, in each case originated in the ordinary course of business of the Borrowers and ii in each case is subject to the Borrowers’ corporate accounts receivable credit and collection policies, procedures and practices and iii is not ineligible for inclusion in the calculation of the Borrowing Base pursuant to any of clauses a through s below or otherwise deemed by the Administrative Agent in its sole discretion to be ineligible for inclusion in the calculation of the Borrowing Base as described below.

Without limiting the foregoing, to qualify as Eligible Accounts Receivable, an Account shall indicate no person other than a Borrower as payee or remittance party. In determining the amount to be so included, the face amount of an Account shall be reduced by, without duplication, to the extent not reflected in such face amount, i the amount of all accrued and actual discounts, claims, credits or credits pending, promotional program allowances, price adjustments, finance charges or other allowances including any amount that the Borrowers, as applicable, may be obligated to rebate to a customer pursuant to the terms of any agreement or understanding written or oral , ii the aggregate amount of all limits and deductions provided for in this definition and elsewhere in this Agreement and iii the aggregate amount of all cash received in respect of such Account but not yet applied by the Borrowers to reduce the amount of such Account.

Unless otherwise approved from time to time in writing by the Administrative Agent subject to the limitations and requirements set forth in Section 9. Open Split View Share. Sample 1 Sample 2 Sample 3 Based on 4 documents. Sample 1 Sample 2 Based on 4 documents. Sample 1 Sample 2 Based on 2 documents. Sample 1 Based on 1 documents.

What does e&o stand for in business – what does e&o stand for in business: –

 
What does E&O stand for? ; E&O · Errors and Omissions (insurance) ; E&O, Excess and Obsolescence (accounting) ; E&O, Eastern & Oriental Express Train. E&O Meaning ; 4. E&O. Engineering & Operations. Technology, Professional Qualification, Qualification ; 4. E&O. Errors & Omissions · Business, Insurance, Omission.