THE INVENTORY Sample Clauses

THE INVENTORY. The Buyer and the Seller shall engage a mutually acceptable third party engaged in the business of appraising, valuing and preparing inventories for automobile dealerships (hereinafter referred to as the "INVENTORY SERVICE") to prepare an inventory list (the "INVENTORY") of the parts and accessories, as well as of the Miscellaneous Inventories (as defined in Section 5.1), owned by and either used or held for use by the Seller in the Business. The Inventory (insofar as it relates to parts and accessories) shall be posted to the Manufacturer's approved system of inventory control. The cost of the Inventory shall be borne 50% by the Buyer and 50% by the Seller. The Buyer shall have the right to deduct the Seller's portion of such expense from the consideration to be paid to the Seller under the terms of this Agreement and to remit such sums directly to the Inventory Service. The Inventory shall be completed by the Inventory Date. The Inventory shall identify each part and accessory and its purchase price.
THE INVENTORY. Except as set forth in Schedule 11.1(f), the Business Sellers are the sole owners of the Inventory, free and clear of all Claims, charges, Liens or rights of others of any nature, description or kind whatsoever. The Inventory is fit for its intended use, is in compliance with all applicable Laws and at a level, quality and age which is consistent with the Business Sellers' past practices for normal operations. The Inventory contains the normal volume of resalable parts.
THE INVENTORY. Debtor agrees and acknowledges that any Advance to or on behalf of Debtor will be in the sole discretion of Secured Party and that no Advance made by Secured Party will obligate Secured Party to make any additional Advance.
THE INVENTORY. Buyer and Seller shall engage a mutually acceptable third party engaged in the business of appraising, valuing and preparing inventories for automobile dealerships (hereinafter referred to as the "INVENTORY SERVICE") to prepare an inventory list (the "INVENTORY") of the Parts (as defined in Section 4.3 below), as well as the Miscellaneous Inventories (as defined in Section 5.1 below), owned by, and either used or held for use by, Seller in the Business. The Inventory (insofar as it relates to Parts) shall be posted to the Manufacturer's approved system of inventory control. The cost of the Inventory shall be borne one-half by Buyer and one-half by
THE INVENTORY. All inventory of merchandise, supplies, products, and materials, including raw materials, work-in-progress, and finished goods of the S.E. USA BUSINESS (the "Inventory"), including those inventory items detailed in Schedule "1.1C", hereto. Inventory shall also be defined to include merchandise and products which are at any of the locations included on Exhibit "A" on the Closing Date and are in the process of being returned to suppliers under the terms and conditions of applicable warranties. To the extent that such inventory to be returned is subject to warranties issued by suppliers with whom BUYER has no ongoing relationship, SELLER agrees to assist BUYER in processing such warranty claims.
THE INVENTORY. The Inventory consists of items which are of a quantity and quality usable and saleable in the normal course of the Business, and the values thereof on the Inventory Report are fairly stated at historical cost determined in accordance with historical practices, and, in any case, do not contain any materials or finished goods which are obsolete, faulty or unmarketable and represent no more than the estimated net realizable value thereof.
THE INVENTORY. Purchaser shall purchase the "