Price For Inventory Clause Samples

Price For Inventory. At the Closing, and in addition to the amounts paid for the Purchased Assets, Buyer shall pay to Seller TWO HUNDRED NINETY-TWO THOUSAND AND 00/100 DOLLARS ($292,000.00) in lawful currency of the United States of America for the Inventory.

Price For Inventory. The price payable by Buyer to Seller for the Inventory shall be paid in cash, in the case of the non-liquor Inventory at closing through the Premises Escrow, and in the case of the Liquor Inventory at closing through the Liquor Escrow. The price for the Inventory shall be calculated based upon the following: (a) Except for those categories of Inventory to be priced at cost as noted below, the price for all categories of Inventory will be the Sav Max Foods’ retail price (in the case of a Sav Max Store) or the Apple Markets’ retail price (in the case of an Apple Market) thereof, as applicable, less the following respective discounts: Grocery: 20.8% 32.12% Gen. Mdse.: 28.04% 32.12% Dairy: 20.05% 32.12% Liquor: 19.04% 32.12% Produce: cost cost Meat: cost cost Service Deli: cost cost Service Bakery: cost cost (b) The Inventory will be sold to and accepted by Buyer as of the Closing Date in its “AS IS” condition, “WITH ALL FAULTS” and without any warranty of any kind. Spoiled or damaged Inventory and Inventory with expired “pull dates” or date codes shall be identified at the taking of the inventory. Any such Inventory will be transferred to Buyer at no cost. All Inventory other than perishable Inventory (such as Inventory offered for sale in the produce, bakery, dairy, delicatessen and meat departments (“Perishable Inventory”)), shall be considered out of date if such Inventory has a remaining shelf life of less than five (5) days on the Closing Date. Perishable Inventory shall be considered out of date if it has expired on the Closing Date. (c) The purchase price payable from Buyer to Seller for the Inventory is to be determined as follows: (1) A physical count of the Inventory shall be made by Buyer, Seller and an independent inventory service mutually agreed to by the Parties (the “Inventory Service”). The Inventory Service shall make a physical accounting of the Inventory on the day prior to the Closing Date, or such other time period before the Closing Date mutually agreeable to Buyer and Seller, in accordance with mutually agreed upon instructions. Both Parties shall be entitled to have representatives present during the inventory. Upon completion of such inventory, Seller and Buyer agree to promptly compute the price in accordance with Section 2.2 (a). The cost of such physical inventory will be shared equally by Buyer and Seller. (2) Both Buyer and Seller will have the right to have representatives present to observe the physical inventory. (3) Any disp...

Price For Inventory. The purchase price for the Inventory being acquired hereunder shall be paid to Seller in the form of a company check from Purchaser in the amount of One Hundred Fifty Nine Thousand, Three Hundred and Seventy-One and 39/100 Dollars ($159,371.39) less the Warranty Claims Adjustment (the "Inventory Purchase Price").