Common use of Less Clause in Contracts

Less. (a) Finished Goods and Raw Materials not located at approved locations (b) Obsolete, slow moving, or not merchantable (c) Otherwise ineligible Total Deductions (sum of lines I.B.2(a) through I.B.2(c))

Appears in 3 contracts

Sources: Credit Agreement (Cti Industries Corp), Credit Agreement (Cti Industries Corp), Credit Agreement (Cti Industries Corp)