Actual Inventory definition
Examples of Actual Inventory in a sentence
For the purpose of such Actual Inventory, any pole used by the Licensee for the sole purpose of attaching wires or cables thereto shall be considered a Joint Pole.
At intervals of five (5) years, unless otherwise mutually agreed by the parties, an actual inventory of Joint Poles shall be made by representatives of the parties (the "Actual Inventory").
If the Joint Inventory Review reveals that actual Inventory value (“Actual Inventory Value”) is greater than the baseline value of Inventory set forth in Schedule 2.8 (“Baseline Inventory Value”), the Purchase Price shall be increased, on a dollar for dollar basis, by an amount equal to the difference between the Actual Inventory Value and the Baseline Inventory Value.
In the event Buyer, Deloitte & Touche LLP or other authorized representative of Buyer determines that the actual valuation of the Inventory differs from the Initial Inventory Value (the "ACTUAL INVENTORY VALUE") prior to Closing, the Base Purchase Price shall be adjusted by an amount equal to the difference between the Initial Inventory Value and the Actual Inventory Value.
If the Joint Inventory Review reveals that the Actual Inventory Value is lesser than the Baseline Inventory Value, the Purchase Price shall be reduced, on a dollar for dollar basis, by an amount equal to the difference between the Baseline Inventory Value and the Actual Inventory Value.
After each Actual Inventory, beginning with the next Actual Inventory, the Specified Percentage shall be the average yearly percentage increase during the years since the previous Actual Inventory.
For a year in which there is no Actual Inventory, the number of Licensee’s Attachments used in calculating the Adjustment Payments shall be based on the number of new Licensee Attachments which Licensee has placed during the year, in addition to the number of Licensee Attachments for which Licensee was charged Adjustment Payments in the previous year, less any removals reported by Licensee.
If there is an excess of Actual Inventory of the Retail Sugar Business or Actual Net Receivables of the Retail Sugar Business on the Carve-Out Date relative to the respective target amounts set out in Schedule 18 (Retail Sugar Assets) to this Agreement (such excess to be calculated on a net aggregated basis for all such calculations), then the Retail Sugar Price shall be adjusted upwards.
For a year for which there is an Actual Inventory, the adjustment payments provided for herein shall be based on the Actual Inventory; but there shall also be the adjustment provided for in ARTICLE XII.D. below.
The Actual Inventory Value shall be determined in accordance with GAAP (as defined below) at the lower of (i) Seller's most recent acquisition cost, including applicable discounts and rebates, and (ii) fair market value and shall be mutually agreed to by Buyer and Seller.