Common use of Inventory and Accounts Receivable Clause in Contracts

Inventory and Accounts Receivable. (a) All inventory set forth or reflected in the Balance Sheet, or acquired by the Company since the Balance Sheet Date, consists of a quality and quantity usable and saleable by the Company in the ordinary course of its business. The value at which inventories are carried on the Balance Sheet reflects the normal inventory valuation policy of the Company, on a basis consistent with that of preceding period, of stating inventory at its lower of cost or market value, and, consistent therewith, all non-current or obsolete inventory held by the Company on the Balance Sheet Date has been valued at its current market value on the Balance Sheet. Schedule 3.06(a) sets forth a true and complete listing of all inventory owned by the Company the fair market value of which exceeds one hundred dollars ($100), together with the date such inventory was acquired, the original cost of such inventory, the date(s) on which such inventory was written down from its original cost and the current quantity of such inventory on hand.

Inventory and Accounts Receivable. (a) All inventory set forth or reflected in the Balance SheetSheets, or acquired by the Company since the Balance Sheet Date, consists of a quality and quantity usable and saleable by the Company in the ordinary course of its business. The value at which inventories are carried on the Balance Sheet Sheets reflects the normal inventory valuation policy of the Company, on a basis consistent with that of preceding period, of stating inventory at its lower of cost or market value, and, consistent therewith, all non-current or obsolete inventory held by the Company on the Balance Sheet Date has been valued at its current market value on the Balance SheetSheets. Schedule 3.06(a) sets forth a true and complete listing of all low-value and zero-value inventory owned by the Company the fair market value of which exceeds one hundred dollars ($100)Company, together with the date such inventory was acquired, the original cost of such inventory, the date(s) on which such inventory was written down from its original cost and the current quantity of such inventory on hand.

Inventory and Accounts Receivable. (a) All inventory set forth or reflected in the Balance Sheet, or acquired by the Company since the Balance Sheet Date, consists of a quality and quantity usable and saleable by the Company in the ordinary course of its business. The value at which inventories are carried on the Balance Sheet reflects the normal inventory valuation policy of the Company, on a basis consistent with that of preceding period, of stating inventory at its lower of cost or market value, and, consistent therewith, all non-current or obsolete inventory held by the Company on the Balance Sheet Date has been valued at its current market value on the Balance Sheet. Schedule 3.06(a) sets forth a true and complete listing of all low-value or zero-value inventory owned by the Company the fair market value of which exceeds one hundred dollars ($100)Company, together with the date such inventory was acquired, the original cost of such inventory, the date(s) on which such inventory was written down from its original cost and the current quantity of such inventory on hand.