{"component": "clause", "props": {"groups": [{"size": 31, "samples": [{"hash": "7sFS9pVWVtf", "uri": "/contracts/7sFS9pVWVtf#inventory-statement", "label": "Licensed Publisher Agreement (Activision Blizzard, Inc.)", "score": 33.3340187073, "published": true}, {"hash": "dr1FVUmufHR", "uri": "/contracts/dr1FVUmufHR#inventory-statement", "label": "Licensed Publisher Agreement (Midway Games Inc)", "score": 21.0, "published": true}, {"hash": "7376wHdfpSt", "uri": "/contracts/7376wHdfpSt#inventory-statement", "label": "Licensed Publisher Agreement (Majesco Holdings Inc)", "score": 19.0, "published": true}], "snippet_links": [{"key": "within-thirty", "type": "clause", "offset": [0, 13]}, {"key": "date-of-expiration", "type": "definition", "offset": [31, 49]}, {"key": "effective-date-of-termination", "type": "clause", "offset": [57, 86]}, {"key": "with-respect-to", "type": "clause", "offset": [87, 102]}, {"key": "all-licensed-products", "type": "definition", "offset": [110, 131]}, {"key": "this-agreement", "type": "clause", "offset": [135, 149]}, {"key": "itemized-statement", "type": "definition", "offset": [188, 206]}, {"key": "an-officer", "type": "clause", "offset": [236, 246]}, {"key": "number-of", "type": "definition", "offset": [276, 285]}, {"key": "unsold-units", "type": "clause", "offset": [286, 298]}, {"key": "at-the-time", "type": "definition", "offset": [444, 455]}, {"key": "inspection-of", "type": "clause", "offset": [568, 581]}, {"key": "work-in-process", "type": "clause", "offset": [608, 623]}, {"key": "upon-reasonable", "type": "clause", "offset": [624, 639]}, {"key": "written-notice", "type": "definition", "offset": [640, 654]}, {"key": "normal-business-hours", "type": "definition", "offset": [662, 683]}, {"key": "in-order-to", "type": "clause", "offset": [684, 695]}], "snippet": "Within thirty (30) days of the date of expiration or the effective date of termination with respect to any or all Licensed Products or this Agreement, Publisher shall provide SCEA with an itemized statement, certified to be accurate by an officer of Publisher, specifying the number of unsold Units of the Licensed Products as to which such termination applies, on a title-by-title basis, which remain in its inventory and/or under its control at the time of expiration or the effective date of termination. SCEA shall be entitled to conduct at its expense a physical inspection of Publisher's inventory and work in process upon reasonable written notice during normal business hours in order to ascertain or verify such inventory and inventory statement.", "hash": "26257aecad723148fdd495a48bfa8c1c", "id": 1}, {"size": 5, "samples": [{"hash": "d3EiAdhQUPb", "uri": "/contracts/d3EiAdhQUPb#inventory-statement", "label": "Asset Purchase Agreement (Icn Pharmaceuticals Inc)", "score": 18.0, "published": true}, {"hash": "cVD6Q3VVz0L", "uri": "/contracts/cVD6Q3VVz0L#inventory-statement", "label": "Asset Purchase Agreement (Icn Pharmaceuticals Inc)", "score": 18.0, "published": true}, {"hash": "bBMws92igMq", "uri": "/contracts/bBMws92igMq#inventory-statement", "label": "Asset Purchase Agreement (Dura Pharmaceuticals Inc/Ca)", "score": 18.0, "published": true}], "snippet_links": [{"key": "seller-and-buyer-shall", "type": "clause", "offset": [0, 22]}, {"key": "have-agreed", "type": "clause", "offset": [23, 34]}, {"key": "the-inventory", "type": "clause", "offset": [54, 67]}, {"key": "section-24", "type": "clause", "offset": [91, 102]}, {"key": "article-3", "type": "definition", "offset": [107, 116]}, {"key": "closing-inventory", "type": "definition", "offset": [147, 164]}, {"key": "additional-inventory", "type": "definition", "offset": [173, 193]}], "snippet": "Seller and Buyer shall have agreed upon and delivered the Inventory Statement described in Section 2.4 and Article 3 above, which shall detail the Closing Inventory and any additional Inventory.", "hash": "a9a43c4ca33b8c78dbe105cffb38189d", "id": 5}, {"size": 6, "samples": [{"hash": "hiJfYxQSbXw", "uri": "/contracts/hiJfYxQSbXw#inventory-statement", "label": "Agreement and Plan of Merger (Vireo Growth Inc.)", "score": 34.1704330444, "published": true}, {"hash": "a4IBQiL9JkI", "uri": "/contracts/a4IBQiL9JkI#inventory-statement", "label": "Merger Agreement (Vireo Growth Inc.)", "score": 34.1704330444, "published": true}, {"hash": "bZoEQnJaAk4", "uri": "/contracts/bZoEQnJaAk4#inventory-statement", "label": "Merger Agreement (Vireo Growth Inc.)", "score": 33.9760437012, "published": true}], "snippet_links": [{"key": "prior-to-the-closing", "type": "clause", "offset": [33, 53]}, {"key": "company-entities", "type": "clause", "offset": [59, 75]}, {"key": "to-parent", "type": "definition", "offset": [90, 99]}, {"key": "estimated-closing-statement", "type": "definition", "offset": [218, 245]}, {"key": "in-accordance-with", "type": "clause", "offset": [247, 265]}, {"key": "the-definition-of", "type": "definition", "offset": [266, 283]}, {"key": "inventory-accounting-principles", "type": "definition", "offset": [321, 352]}, {"key": "exhibit-g", "type": "clause", "offset": [366, 375]}, {"key": "provided-that", "type": "definition", "offset": [417, 430]}, {"key": "to-the-extent", "type": "clause", "offset": [432, 445]}, {"key": "a-list", "type": "definition", "offset": [645, 651]}, {"key": "product-category", "type": "clause", "offset": [655, 671]}, {"key": "item-number", "type": "definition", "offset": [673, 684]}, {"key": "cost-of", "type": "clause", "offset": [731, 738]}, {"key": "estimated-cost", "type": "clause", "offset": [771, 785]}, {"key": "and-the-company", "type": "clause", "offset": [832, 847]}, {"key": "review-of-the", "type": "clause", "offset": [882, 895]}, {"key": "the-closing-date", "type": "clause", "offset": [909, 925]}, {"key": "definitions-in-this-agreement", "type": "definition", "offset": [949, 978]}, {"key": "final-closing-statement", "type": "clause", "offset": [1086, 1109]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1110, 1129]}], "snippet": "At least three (3) Business Days prior to the Closing, the Company Entities shall deliver to Parent or a representative of Parent an Inventory estimate (the \u201cInventory Statement\u201d) that shall be included as part of the Estimated Closing Statement, in accordance with the definition of Inventory and in accordance with the inventory accounting principles set forth in Exhibit G (the \u201cInventory Accounting Principles\u201d); provided that, to the extent the definition of Inventory conflicts with the Inventory Accounting Principles, the definition of Inventory shall supersede the Inventory Accounting Principles. The Inventory Statement shall contain a list by product category, item number, or as is otherwise customary, the number and cost of each item of Inventory, and the estimated cost for such Inventory, as of the Closing. Parent and the Company Entities shall conduct a physical review of the Inventory on the Closing Date in accordance with the definitions in this Agreement and the Inventory Accounting Principles, which Inventory results shall be used in the determination of the Final Closing Statement pursuant to Section 2.17(b).", "hash": "47c969af3abc2ae786d951c85960ac49", "id": 2}, {"size": 6, "samples": [{"hash": "gC38SZa8BkV", "uri": "/contracts/gC38SZa8BkV#inventory-statement", "label": "PSP Licensed Publisher Agreement (Activision Blizzard, Inc.)", "score": 33.3340187073, "published": true}, {"hash": "kvxzpYqvnum", "uri": "/contracts/kvxzpYqvnum#inventory-statement", "label": "PSP Licensed Publisher Agreement (Activision Inc /Ny)", "score": 21.0, "published": true}, {"hash": "7GpDKCCKlmk", "uri": "/contracts/7GpDKCCKlmk#inventory-statement", "label": "PSP Licensed Publisher Agreement (THQ Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "within-thirty", "type": "clause", "offset": [0, 13]}, {"key": "date-of-expiration", "type": "definition", "offset": [31, 49]}, {"key": "effective-date-of-termination", "type": "clause", "offset": [57, 86]}, {"key": "with-respect-to", "type": "clause", "offset": [87, 102]}, {"key": "licensed-psp-products", "type": "definition", "offset": [114, 135]}, {"key": "this-agreement", "type": "clause", "offset": [139, 153]}, {"key": "itemized-statement", "type": "definition", "offset": [192, 210]}, {"key": "an-officer", "type": "clause", "offset": [240, 250]}, {"key": "number-of", "type": "definition", "offset": [280, 289]}, {"key": "unsold-units", "type": "clause", "offset": [290, 302]}, {"key": "at-the-time", "type": "definition", "offset": [448, 459]}, {"key": "inspection-of", "type": "clause", "offset": [572, 585]}, {"key": "work-in-process", "type": "clause", "offset": [612, 627]}, {"key": "upon-reasonable", "type": "clause", "offset": [628, 643]}, {"key": "written-notice", "type": "definition", "offset": [644, 658]}, {"key": "normal-business-hours", "type": "definition", "offset": [666, 687]}, {"key": "in-order-to", "type": "clause", "offset": [688, 699]}], "snippet": "Within thirty (30) days of the date of expiration or the effective date of termination with respect to any or all Licensed PSP Products or this Agreement, Publisher shall provide SCEA with an itemized statement, certified to be accurate by an officer of Publisher, specifying the number of unsold Units of the Licensed PSP Products as to which such termination applies, on a title-by-title basis, which remain in its inventory or under its control at the time of expiration or the effective date of termination. SCEA shall be entitled to conduct at its expense a physical inspection of Publisher\u2019s inventory and work in process upon reasonable written notice during normal business hours in order to ascertain or verify such inventory and inventory statement.", "hash": "76499b741cb09da49535f09774c94282", "id": 3}, {"size": 6, "samples": [{"hash": "en9uJLyCsOv", "uri": "/contracts/en9uJLyCsOv#inventory-statement", "label": "License Agreement (Interplay Entertainment Corp)", "score": 18.0, "published": true}, {"hash": "7XRiTJzhBan", "uri": "/contracts/7XRiTJzhBan#inventory-statement", "label": "License Agreement (Interplay Entertainment Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "within-thirty", "type": "clause", "offset": [0, 13]}, {"key": "effective-date-of-termination", "type": "clause", "offset": [77, 106]}, {"key": "with-respect-to", "type": "clause", "offset": [107, 122]}, {"key": "all-licensed-products", "type": "definition", "offset": [130, 151]}, {"key": "licensee-shall", "type": "clause", "offset": [153, 167]}, {"key": "itemized-statement", "type": "definition", "offset": [189, 207]}, {"key": "an-officer", "type": "clause", "offset": [237, 247]}, {"key": "of-licensee", "type": "clause", "offset": [248, 259]}, {"key": "number-of", "type": "definition", "offset": [276, 285]}, {"key": "unsold-units", "type": "clause", "offset": [286, 298]}, {"key": "at-the-time", "type": "definition", "offset": [444, 455]}, {"key": "inspection-of", "type": "clause", "offset": [553, 566]}, {"key": "work-in-process", "type": "clause", "offset": [592, 607]}, {"key": "normal-business-hours", "type": "definition", "offset": [615, 636]}, {"key": "in-order-to", "type": "clause", "offset": [637, 648]}], "snippet": "Within thirty (30) days of the date of ------------------- expiration or the effective date of termination with respect to any or all Licensed Products, Licensee shall provide Sony with an itemized statement, certified to be accurate by an officer of Licensee, specifying the number of unsold units of the Licensed Products as to which such termination applies, on a title-by-title basis, which remain in its inventory and/or under its control at the time of expiration or the effective date of termination. Sony shall be entitled to conduct a physical inspection of Licensee's inventory and work in process during normal business hours in order to ascertain or verify such inventory and/or statement.", "hash": "3108b63d294c653e941016650cc4a887", "id": 4}, {"size": 3, "samples": [{"hash": "lvjSfZ6Av7Z", "uri": "/contracts/lvjSfZ6Av7Z#inventory-statement", "label": "Production Sharing Contract", "score": 31.3408622742, "published": true}, {"hash": "jC7fAwzAXgM", "uri": "/contracts/jC7fAwzAXgM#inventory-statement", "label": "Production Sharing Contract (Kosmos Energy Ltd.)", "score": 24.8439426422, "published": true}, {"hash": "iJvpyRrqBAx", "uri": "/contracts/iJvpyRrqBAx#inventory-statement", "label": "Production Sharing Contract (Kosmos Energy Ltd.)", "score": 24.8439426422, "published": true}], "snippet_links": [{"key": "petroleum-operations", "type": "definition", "offset": [68, 88]}, {"key": "on-a-quarterly-basis", "type": "definition", "offset": [90, 110]}, {"key": "contractor-shall-provide", "type": "clause", "offset": [112, 136]}, {"key": "all-assets", "type": "definition", "offset": [217, 227]}, {"key": "controllable-materials", "type": "clause", "offset": [232, 254]}, {"key": "the-accounts", "type": "clause", "offset": [279, 291]}, {"key": "costs-of", "type": "clause", "offset": [385, 393]}, {"key": "article-13", "type": "clause", "offset": [436, 446]}, {"key": "the-contract", "type": "clause", "offset": [450, 462]}], "snippet": "Contractor shall maintain detailed records of property acquired for Petroleum Operations. On a Quarterly basis, Contractor shall provide Staatsolie with an Inventory Statement containing:\n(a) description and codes of all assets and Controllable Materials;\n(b) amounts charged to the accounts for each asset;\n(c) date on which each asset was charged to the account; and\n(d) whether the costs of such asset has been recovered pursuant to Article 13 of the Contract.", "hash": "ed822bc0df31c88c31816b65331d0864", "id": 6}, {"size": 3, "samples": [{"hash": "erp4m6YeBWU", "uri": "/contracts/erp4m6YeBWU#inventory-statement", "label": "Lease Agreement", "score": 36.1639175415, "published": true}, {"hash": "6lWMh6oC4XT", "uri": "/contracts/6lWMh6oC4XT#inventory-statement", "label": "Property Lease Agreement (Innate Pharma SA)", "score": 28.716632843, "published": true}, {"hash": "7i5iP7MHWsJ", "uri": "/contracts/7i5iP7MHWsJ#inventory-statement", "label": "Property Lease Agreement (Innate Pharma SA)", "score": 28.4373722076, "published": true}], "snippet_links": [{"key": "the-request", "type": "clause", "offset": [3, 14]}, {"key": "to-exercise", "type": "clause", "offset": [15, 26]}, {"key": "the-purchase-option", "type": "clause", "offset": [27, 46]}, {"key": "in-case-of", "type": "clause", "offset": [86, 96]}, {"key": "termination-of-the-lease-agreement", "type": "clause", "offset": [97, 131]}, {"key": "this-agreement", "type": "clause", "offset": [136, 150]}, {"key": "the-lessor", "type": "clause", "offset": [152, 162]}, {"key": "inventory-report", "type": "definition", "offset": [175, 191]}, {"key": "state-of", "type": "clause", "offset": [345, 353]}, {"key": "maintenance-and-operation", "type": "clause", "offset": [354, 379]}, {"key": "lessee-will", "type": "clause", "offset": [385, 396]}, {"key": "equipment-and-materials", "type": "clause", "offset": [435, 458]}, {"key": "necessary-for", "type": "definition", "offset": [535, 548]}, {"key": "operation-of-the-property", "type": "definition", "offset": [560, 585]}, {"key": "lessee-shall", "type": "clause", "offset": [591, 603]}, {"key": "signs-and", "type": "clause", "offset": [632, 641]}, {"key": "exterior-panels", "type": "definition", "offset": [642, 657]}], "snippet": "If the request to exercise the purchase option is not made within the agreed time, as in case of termination of the Lease Agreement and this Agreement, the Lessor may have an inventory report drawn up by a recognized expert in this area, who it will choose to appoint. If the outcome of this inventory reveals that the Property is not in a good state of maintenance and operation, the Lessee will be required to restore or replace the equipment and materials that are in bad condition that are considered to be fixtures, and which are necessary for the normal operation of the Property. The Lessee shall, at its own expense, remove signs and exterior panels and refurbish what results from this removal.", "hash": "974bb702e60a270d086b1c6cfcacf2a5", "id": 7}, {"size": 3, "samples": [{"hash": "elXUZYDRhEX", "uri": "/contracts/elXUZYDRhEX#inventory-statement", "label": "Asset Purchase Agreement (Hampshire Group LTD)", "score": 22.3415470123, "published": true}], "snippet_links": [{"key": "prior-to-the-closing-date", "type": "clause", "offset": [34, 59]}, {"key": "seller-shall", "type": "clause", "offset": [61, 73]}, {"key": "deliver-to-buyer", "type": "clause", "offset": [74, 90]}, {"key": "detailed-statement", "type": "clause", "offset": [93, 111]}, {"key": "value-statement", "type": "clause", "offset": [147, 162]}, {"key": "the-inventory", "type": "clause", "offset": [214, 227]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [244, 266]}, {"key": "after-the-closing-date", "type": "clause", "offset": [352, 374]}, {"key": "of-buyer", "type": "clause", "offset": [462, 470]}, {"key": "the-buyer", "type": "clause", "offset": [589, 598]}, {"key": "notice-to-buyer", "type": "definition", "offset": [692, 707]}, {"key": "inventory-dispute-notice", "type": "definition", "offset": [757, 781]}, {"key": "nature-of-the", "type": "clause", "offset": [882, 895]}, {"key": "to-the-extent-practicable", "type": "definition", "offset": [909, 934]}, {"key": "within-thirty", "type": "clause", "offset": [991, 1004]}, {"key": "receipt-of", "type": "clause", "offset": [1034, 1044]}, {"key": "subject-to", "type": "clause", "offset": [1086, 1096]}, {"key": "compliance-with-this-section", "type": "clause", "offset": [1105, 1133]}, {"key": "such-buyer", "type": "definition", "offset": [1142, 1152]}, {"key": "by-seller", "type": "clause", "offset": [1206, 1215]}, {"key": "absence-of-fraud", "type": "clause", "offset": [1332, 1348]}, {"key": "manifest-error", "type": "definition", "offset": [1352, 1366]}, {"key": "day-period", "type": "definition", "offset": 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"type": "definition", "offset": [2262, 2270]}, {"key": "five-percent", "type": "clause", "offset": [2279, 2291]}, {"key": "a-portion", "type": "definition", "offset": [2492, 2501]}, {"key": "hold-back-amount", "type": "definition", "offset": [2510, 2526]}, {"key": "payment-is-due", "type": "clause", "offset": [3007, 3021]}, {"key": "transfer-of", "type": "clause", "offset": [3060, 3071]}, {"key": "united-states-dollars", "type": "clause", "offset": [3103, 3124]}, {"key": "account-or-accounts", "type": "definition", "offset": [3131, 3150]}, {"key": "seller-or-buyer", "type": "clause", "offset": [3165, 3180]}, {"key": "the-case", "type": "definition", "offset": [3185, 3193]}, {"key": "period-of", "type": "definition", "offset": [3241, 3250]}, {"key": "off-period", "type": "clause", "offset": [3325, 3335]}, {"key": "will-provide", "type": "clause", "offset": [3345, 3357]}, {"key": "net-sales-proceeds", "type": "definition", "offset": [3389, 3407]}, {"key": "acquired-inventory", "type": 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"offset": [3999, 4010]}, {"key": "affiliates-and-representatives", "type": "clause", "offset": [4070, 4100]}, {"key": "cooperate-with", "type": "clause", "offset": [4105, 4119]}, {"key": "in-respect-of", "type": "definition", "offset": [4155, 4168]}, {"key": "once-a-month", "type": "clause", "offset": [4183, 4195]}, {"key": "the-audit", "type": "clause", "offset": [4238, 4247]}, {"key": "provide-the", "type": "clause", "offset": [4268, 4279]}, {"key": "reasonable-access", "type": "clause", "offset": [4329, 4346]}, {"key": "normal-business-hours", "type": "definition", "offset": [4354, 4375]}, {"key": "upon-reasonable", "type": "clause", "offset": [4376, 4391]}, {"key": "notice-to-the", "type": "clause", "offset": [4400, 4413]}, {"key": "books-and-records", "type": "clause", "offset": [4414, 4431]}, {"key": "the-business", "type": "clause", "offset": [4465, 4477]}, {"key": "requested-by", "type": "clause", "offset": [4495, 4507]}, {"key": "provide-a", "type": "definition", "offset": [4880, 4889]}, {"key": "after-seller", "type": "definition", "offset": [4948, 4960]}, {"key": "to-seller", "type": "clause", "offset": [6010, 6019]}, {"key": "short-fall", "type": "definition", "offset": [6261, 6271]}, {"key": "the-balance", "type": "clause", "offset": [6427, 6438]}, {"key": "pay-to", "type": "definition", "offset": [6692, 6698]}, {"key": "in-the-event-the", "type": "clause", "offset": [7110, 7126]}, {"key": "the-relevant", "type": "clause", "offset": [7261, 7273]}, {"key": "the-expert", "type": "clause", "offset": [7374, 7384]}, {"key": "business-days-of", "type": "clause", "offset": [7514, 7530]}, {"key": "reasonable-period", "type": "definition", "offset": [7570, 7587]}, {"key": "for-purposes-of-this-section", "type": "clause", "offset": [7617, 7645]}, {"key": "an-arbitrator", "type": "clause", "offset": [7700, 7713]}, {"key": "seller-and-buyer-shall", "type": "clause", "offset": [7723, 7745]}, {"key": "written-statement", "type": "clause", "offset": [7770, 7787]}, {"key": "the-items", "type": "definition", "offset": [7798, 7807]}, {"key": "in-dispute", "type": "definition", "offset": [7808, 7818]}, {"key": "relevant-documents", "type": "definition", "offset": [7962, 7980]}, {"key": "other-party", "type": "clause", "offset": [8026, 8037]}, {"key": "such-information", "type": "definition", "offset": [8069, 8085]}, {"key": "reasonably-request", "type": "definition", "offset": [8106, 8124]}, {"key": "with-respect-to", "type": "clause", "offset": [8148, 8163]}, {"key": "by-buyer-and-seller", "type": "clause", "offset": [8337, 8356]}, {"key": "the-decision", "type": "clause", "offset": [8358, 8370]}, {"key": "binding-on-the-parties", "type": "clause", "offset": [8448, 8470]}, {"key": "expenses-of-the", "type": "clause", "offset": [8529, 8544]}, {"key": "paid-value", "type": "definition", "offset": [8633, 8643]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [8682, 8708]}, {"key": "without-limitation", "type": "clause", "offset": [8774, 8792]}, {"key": "cost-of", "type": "clause", "offset": [8809, 8816]}, {"key": "freight-costs", "type": "clause", "offset": [8863, 8876]}, {"key": "landed-costs", "type": "definition", "offset": [8899, 8911]}, {"key": "port-of-arrival", "type": "definition", "offset": [8972, 8987]}, {"key": "in-the-united-states", "type": "clause", "offset": [8988, 9008]}, {"key": "import-duties", "type": "clause", "offset": [9017, 9030]}, {"key": "standard-freight", "type": "definition", "offset": [9049, 9065]}, {"key": "distribution-center", "type": "definition", "offset": [9165, 9184]}, {"key": "a-third-party", "type": "clause", "offset": [9224, 9237]}, {"key": "for-seller", "type": "definition", "offset": [9238, 9248]}, {"key": "gross-proceeds", "type": "definition", "offset": [9301, 9315]}, {"key": "sale-of-the", "type": "clause", "offset": [9341, 9352]}, {"key": "trade-discounts", "type": "definition", "offset": [9424, 9439]}, {"key": "relating-to", "type": "definition", "offset": [9456, 9467]}, {"key": "insurance-proceeds", "type": "definition", "offset": [9545, 9563]}, {"key": "received-by", "type": "definition", "offset": [9564, 9575]}, {"key": "in-the-ordinary-course-of-business", "type": "definition", "offset": [9695, 9729]}, {"key": "consistent-with-the", "type": "clause", "offset": [9746, 9765]}, {"key": "of-seller", "type": "clause", "offset": [9776, 9785]}, {"key": "received-on", "type": "clause", "offset": [9891, 9902]}, {"key": "february-28", "type": "definition", "offset": [9913, 9924]}], "snippet": "(a) Not later than three (3) days prior to the Closing Date, Seller shall deliver to Buyer a detailed statement (the \u201cSeller\u2019s Estimated Inventory Value Statement\u201d) setting forth Seller\u2019s good faith calculation of the Inventory Value projected as of the Closing Date (the \u201cSeller\u2019s Estimated Inventory Value\u201d). Not later than thirty (30) calendar days after the Closing Date, Buyer shall provide Seller with a statement (the \u201cBuyer\u2019s Inventory Value Statement\u201d) of Buyer\u2019s calculation of the Inventory Value as of the Closing Date (the \u201cBuyer\u2019s Inventory Value\u201d). If Seller disagrees with the Buyer\u2019s Inventory Value set forth in Buyer\u2019s Inventory Value Statement, Seller may provide written notice to Buyer disputing such calculations or lack thereof (an \u201cInventory Dispute Notice\u201d), which Inventory Dispute Notice shall specify Seller\u2019s calculation of the Inventory Value and the nature of the disagreement to the extent practicable. If Seller does not provide an Inventory Dispute Notice within thirty (30) calendar days after the receipt of Buyer\u2019s Inventory Value Statement, then, subject to Buyer\u2019s compliance with this Section 2.7(a), such Buyer\u2019s Inventory Value Statement shall be deemed accepted by Seller, and the Buyer\u2019s Inventory Value shall be deemed final, and no longer subject to review or contest by Seller in the absence of fraud or manifest error. If an Inventory Dispute Notice is timely delivered to Buyer, then, during the thirty (30) calendar day period following delivery of the Inventory Dispute Notice, the Parties shall negotiate in good faith to resolve all disagreements and to agree upon the calculation of the Initial Inventory Value and the amount of Inventory Value agreed upon by the Parties in writing shall be deemed final for purposes of this Agreement. If the Parties are unable to so agree, they shall follow the dispute resolution mechanism set forth in Section 2.7(c). Any Inventory Value finally determined in accordance with this Section 2.7(a) or Section 2.7(c) shall be deemed the \u201cInitial Inventory Value\u201d for purposes of this Agreement. Upon final calculation of the Initial Inventory Value,\n(i) if, the Initial Inventory Value is less than the Seller\u2019s Estimated Inventory Value, Seller shall pay Buyer an amount equal to seventy-five percent (75%) of the difference between the Initial Inventory Value and the Seller\u2019s Estimated Inventory Value, and twenty-five percent (25%) of such difference shall be withheld and added to, and constitute a portion of, the Hold Back Amount; or\n(ii) if the Initial Inventory Value exceeds the Seller\u2019s Estimated Inventory Value, Buyer shall pay Seller an amount equal to seventy-five percent (75%) of the difference between the Initial Inventory Value and the Seller\u2019s Estimated Inventory Value, and twenty-five percent (25%) of such difference shall be withheld and added to, and constitute a portion of, the Hold Back Amount. Any payment under this Section 2.7(a) shall be made within five (5) Business Days after such payment is due pursuant to this Section 2.7, by wire transfer of immediately available funds in United States dollars to an account or accounts designated by Seller or Buyer, as the case may be, in writing prior to payment.\n(b) For a period of one hundred eighty (180) days after the Closing Date (the \u201cInventory Sell-Off Period\u201d), Buyer will provide Seller a monthly report of the Net Sales Proceeds of the Acquired Inventory. In addition, no later than the Inventory Sell-Off Report Date, Buyer will provide Seller with a report of the Net Sales Proceeds of the Acquired Inventory (the \u201cFinal Inventory Report\u201d). At any time, and from time to time, commencing on the date that is 90 days after the Closing Date and ending on the date of final determination of the Inventory Value pursuant to this Agreement (the \u201cAudit Period\u201d), Seller, Parent and their representatives shall have the right to audit Buyer\u2019s monthly reports of Net Sales Proceeds, the Final Inventory Report and the related gross sales of Acquired Inventory and Buyer shall, and shall cause its Affiliates and representatives to, cooperate with, and provide reasonable assistance in respect of, such audits. Once a month for a reasonable continuous period during the Audit Period, Buyer shall provide the Hampshire Parties and their representatives with reasonable access during normal business hours upon reasonable advance notice to the Books and Records and to employees and auditors of the Business as is reasonably requested by Seller. If Seller disagrees with Buyer\u2019s calculation of the Net Sales Proceeds, Seller may provide written notice to Buyer disputing such calculations or lack thereof (a \u201cNet Sales Dispute Notice\u201d), which Net Sales Dispute Notice shall specify Seller\u2019s calculation of the Net Sales Proceeds and the nature of the disagreement to the extent practicable. If Seller does not provide a Net Sales Dispute Notice within thirty (30) calendar days after Seller\u2019s receipt of the Final Inventory Report, then, subject to Buyer\u2019s compliance with this Section 2.7(b), such statement shall be deemed accepted by Seller, and the Net Sales Proceeds shall be deemed final, and no longer subject to review or contest by Seller in the absence of fraud or manifest error. If a Net Sales Dispute Notice is timely delivered to Buyer, then, during the thirty (30) calendar day period following delivery of the Net Sales Dispute Notice, the Parties shall negotiate in good faith to resolve all disagreements and to agree upon the calculation of the Net Sales Proceeds and the amount of Net Sales Proceeds agreed upon by the Parties in writing shall be deemed final for purposes of this Agreement. If the Parties are unable to so agree, they shall follow the dispute resolution mechanism set forth in Section 2.7(c). Upon final calculation of the Net Sales Proceeds,\n(i) if, as of the end of the Inventory Sell-Off Period, the Net Sales Proceeds exceed the Initial Inventory Value, Buyer shall pay the entire Hold Back Amount to Seller after the Net Sales Proceeds are finally determined to have exceeded the Initial Inventory Value;\n(ii) if, as of the end of the Inventory Sell-Off Period, the Net Sales Proceeds are less than the Initial Inventory Value (such occurrence, a \u201cShort Fall\u201d) but the Short Fall is less than the Hold Back Amount, the amount of the Short Fall shall be deducted from the Hold Back Amount and retained by Buyer and the balance shall be paid to Seller; or\n(iii) if, as of the end of the Inventory Sell-Off Period, there is a Short Fall but the amount of the Short Fall is greater than the Hold Back Amount, Buyer shall retain the entire Hold Back Amount and Seller or Parent shall pay to Buyer an amount equal to the amount by which the Short Fall exceeds the Hold Back Amount. Any payment under this Section 2.7(b) shall be made within five (5) Business Days after such payment is due pursuant to this Section 2.7, by wire transfer of immediately available funds in United States dollars to an account or accounts designated by Seller or Buyer, as the case may be, in writing prior to payment.\n(c) In the event the Parties are unable to agree upon the calculation of the Net Sales Proceeds or the Initial Inventory Value, as the case may be, within the relevant thirty (30) day period, either Buyer or Seller may refer the dispute to the New York City office of the Expert. The Expert is to be instructed to make a decision on the dispute and notify Buyer and Seller of its decision within twenty (20) Business Days of receiving the reference or such longer reasonable period as the Expert may determine. For purposes of this Section 2.7(c), (x) the Expert shall act as an expert and not an arbitrator, and (y) Seller and Buyer shall each promptly prepare a written statement solely on the items in dispute including their respective calculations of the Net Sales Proceeds or the Initial Inventory Value, as the case may be, which, together with all relevant documents, shall be submitted to the Expert and to the other Party, and provide to the Expert all such information as the Expert shall reasonably request. The Expert\u2019s decision with respect to the Net Sales Proceeds or the Initial Inventory Value, as the case may be, shall be within the range of the Net Sales Proceeds and Initial Inventory Value amounts submitted by Buyer and Seller. The decision of the Expert shall, in the absence of fraud or manifest error, be final and binding on the Parties. Buyer and Seller each shall pay one-half of the fees and expenses of the Expert.\n(d) For purposes of this Agreement, \u201cInventory Value\u201d means (i) the landed duty-paid value of the Acquired Inventory (excluding, for the avoidance of doubt, Goods-In-Transit) determined in accordance with GAAP including, without limitation, (x) the actual cost of such Acquired Inventory (including insurance, freight costs, duties, commissions, Landed Costs and similar customary costs allocated thereto) at the first port of arrival in the United States and any import duties thereon, plus (y) standard freight and receiving costs and Landed Costs to transport and receive such goods in the first warehouse or distribution center owned, leased or operated by Seller or a third party for Seller\u2019s behalf or account. \u201cNet Sales Proceeds\u201d means the gross proceeds earned by Buyer from the sale of the Acquired Inventory during the Inventory Sell-Off Period, less returns, trade discounts and chargebacks relating to the Acquired Inventory (including any proceeds assigned to Buyer\u2019s factor or insurance proceeds received by Buyer in respect of such Acquired Inventory), less advertising and markdown allowances that Buyer extends to customers in the ordinary course of business and in a manner consistent with the practices of Seller with respect to the Business prior to the Closing Date; provided, however, that such proceeds earned are received on or before February 28, 2012.", "hash": "064a940bc5bab995798d0365ed6472e2", "id": 8}, {"size": 2, "samples": [{"hash": "g9Ytdl68Yh4", "uri": "/contracts/g9Ytdl68Yh4#inventory-statement", "label": "Production Sharing Contract", "score": 26.0650234222, "published": true}, {"hash": "b6G5RuRAHDZ", "uri": "/contracts/b6G5RuRAHDZ#inventory-statement", "label": "Production Sharing Contract", "score": 22.905544281, "published": true}], "snippet_links": [{"key": "petroleum-operations", "type": "definition", "offset": [72, 92]}, {"key": "on-a-quarterly-basis", "type": "definition", "offset": [98, 118]}, {"key": "contractor-shall-provide", "type": "clause", "offset": [120, 144]}], "snippet": "(a) Contractor shall maintain detailed records of property acquired for Petroleum Operations.\n(b) On a Quarterly basis, Contractor shall provide Petrobangla an inventory statement containing:", "hash": "e2e079f0cd19e77c890283dfd7fd08f0", "id": 9}, {"size": 2, "samples": [{"hash": "4lfHSUzYMMz", "uri": "/contracts/4lfHSUzYMMz#inventory-statement", "label": "Global Developer & Publisher Agreement", "score": 30.3408622742, "published": true}, {"hash": "g93o6y6uoMr", "uri": "/contracts/g93o6y6uoMr#inventory-statement", "label": "Global Developer & Publisher Agreement (Take Two Interactive Software Inc)", "score": 28.3921966553, "published": true}], "snippet_links": [{"key": "date-of-expiration", "type": "definition", "offset": [20, 38]}, {"key": "effective-date-of-termination", "type": "clause", "offset": [46, 75]}, {"key": "with-respect-to", "type": "clause", "offset": [76, 91]}, {"key": "all-licensed-products", "type": "definition", "offset": [99, 120]}, {"key": "itemized-statement", "type": "definition", "offset": [184, 202]}, {"key": "an-officer", "type": "clause", "offset": [232, 242]}, {"key": "number-of", "type": "definition", "offset": [272, 281]}, {"key": "unsold-units", "type": "clause", "offset": [282, 294]}, {"key": "physical-media", "type": "definition", "offset": [302, 316]}, {"key": "relevant-territory", "type": "definition", "offset": [449, 467]}, {"key": "at-the-time", "type": "definition", "offset": [468, 479]}, {"key": "at-any-time", "type": "clause", "offset": [543, 554]}, {"key": "expiration-or-termination", "type": "clause", "offset": [585, 610]}, {"key": "inspection-of", "type": "clause", "offset": [683, 696]}, {"key": "work-in-progress", "type": "definition", "offset": [723, 739]}, {"key": "upon-reasonable", "type": "clause", "offset": [740, 755]}, {"key": "prior-written-notice", "type": "clause", "offset": [756, 776]}, {"key": "normal-business-hours", "type": "definition", "offset": [805, 826]}, {"key": "in-order-to", "type": "clause", "offset": [827, 838]}], "snippet": "Within [***] of the date of expiration or the effective date of termination with respect to any or all Licensed Products or this GDPA, Publisher shall provide each SIE Company with an itemized statement, certified to be accurate by an officer of Publisher, specifying the number of unsold units of the Physical Media Products as to which such termination applies, on a title-by-title basis, which remain in its inventory or under its control in the relevant Territory at the time of expiration or the effective date of termination. SIE shall, at any time up to [***] after the date of expiration or termination and no more than once, be entitled to conduct at its expense a physical inspection of Publisher\u2019s inventory and work in progress upon reasonable prior written notice (no less than [***]) during normal business hours in order to ascertain or verify such inventory and inventory statement.", "hash": "b159f28759eb6491fc3eaa4664e3360c", "id": 10}], "next_curs": "ClwSVmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjgLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhxpbnZlbnRvcnktc3RhdGVtZW50IzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"size": 87, "parents": [["effect-of-expiration-or-termination", "Effect of Expiration or Termination"], ["closing-adjustment", "Closing Adjustment"], ["no-refunds", "NO REFUNDS"], ["closing-merger-consideration-and-closing-share-payment-adjustment", "Closing Merger Consideration and Closing Share Payment Adjustment"], ["definitions", "DEFINITIONS"]], "children": [["closing-inventory", "CLOSING INVENTORY"], ["physical-inventory", "PHYSICAL INVENTORY"]], "title": "Inventory Statement", "id": "inventory-statement", "related": [["inventory-reports", "Inventory Reports", "Inventory Reports"], ["records-and-financial-statements", "RECORDS AND FINANCIAL STATEMENTS", "RECORDS AND FINANCIAL STATEMENTS"], ["audits-and-financial-statements", "Audits and Financial Statements", "Audits and Financial Statements"], ["books-records-and-financial-statements", "Books, Records and Financial Statements", "Books, Records and Financial Statements"], ["closing-financial-statements", "Closing Financial Statements", "Closing Financial Statements"]], "related_snippets": [], "updated": "2026-03-19T05:56:49+00:00", "also_ask": ["What are the essential elements that must be included in an enforceable Inventory Statement clause?", "How can parties strategically use the Inventory Statement to allocate risk or responsibility?", "What are the most common drafting pitfalls or ambiguities that could undermine this clause?", "How do courts typically interpret and enforce Inventory Statement provisions in disputes?", "How does the Inventory Statement clause compare to similar provisions in industry-standard agreements?"], "drafting_tip": "Specify required inventory details, set reporting frequency, and define verification rights to ensure accuracy, timeliness, and auditability of inventory statements.", "explanation": "An Inventory Statement clause requires one party, typically the seller or supplier, to provide a detailed list of goods, materials, or assets on hand at a specified time. This statement usually includes quantities, descriptions, and sometimes the condition or value of the inventory, and may be delivered at closing, on a regular schedule, or upon request. The core function of this clause is to ensure transparency and accuracy regarding the inventory involved in a transaction, helping both parties verify what is being transferred or accounted for and reducing the risk of disputes over inventory discrepancies."}, "json": true, "cursor": ""}}