Inventory Determination Clause Samples
Inventory Determination. The Assets will be gauged at the Closing Date, at which time the custody of all shippers' Products will be transferred to Buyer, and Buyer shall become responsible to each shipper for Products in Buyer's custody. The Inventory will be determined by the Inventory Determination Procedure.
Inventory Determination. 28 13.7 Shelf Space..................................................................29 ARTICLE XIV
Inventory Determination. In the event the Preliminary Inventory Amount is less than $7,300,000 as determined pursuant to Section 8.18, the Purchase Price shall be reduced at Closing dollar for dollar for each dollar by which the Preliminary Inventory Amount is less than $7,300,000. Within 15 days following the Closing Date, Seller shall deliver to Buyer, in writing, (which writing shall be hereinafter referred to as "Closing Inventory Amount Determination") a final determination of the Value of the Inventories as of the Closing (which amount shall be hereinafter referred to as "Closing Inventory Amount"). In the event the Closing Inventory Amount is less than the Preliminary Inventory Amount, the Purchase Price shall be further reduced dollar for dollar for each dollar by which the Closing Inventory Amount is less than the Preliminary Inventory Amount. In the event the Closing Inventory Amount is greater than the