Common use of Payment for Inventory Clause in Contracts

Payment for Inventory. The Buyer shall pay to the Seller an amount equal to the amount paid by the Seller (cost) for all of Seller’s Inventory (as defined below) that is on hand as of the Closing Date;

Payment for Inventory. The Buyer shall pay to the Seller an amount equal to the amount paid by the Seller (cost) for all of Seller’s Inventory (as defined below) that is on hand and owned by Seller as of the Closing Date;, which amount shall be included in the calculation of Working Capital (as defined in Section 1.5(b)(i) below.