Closing Date Inventory definition

Closing Date Inventory means the quantities of Inventory as of the Closing Date.

Closing Date Inventory means the Inventory of the Purchased Business at the Effective Time calculated pursuant to Section 2.8(a).

Closing Date Inventory means the dollar value of Inventory determined in accordance with the Inventory Methodology as of the close of business on the Closing Date.

Examples of Closing Date Inventory in a sentence

• No. The payments are excluded from the Division of Retirement’s definition of compensation, and retirement contributions will not be made.

• Any Objection Notice shall specify, in reasonable detail to the extent Purchaser has the available information, those items or amounts as to which Purchaser disputes in good faith and Purchaser shall be deemed to have agreed with all other items and amounts contained in the Closing Statement and the calculations of the Closing Date Inventory Value set forth therein.

• The Purchase Price (less the Closing Date Inventory Value, as adjusted) shall be allocated 95% of Purchase Price (less Closing Date Inventory Value, as adjusted) to Meda Luxembourg (the “ Luxembourg Purchase Price”) and 5% of Purchase Price (less Closing Date Inventory Value, as adjusted) to Meda US (the “US Purchase Price”).

• On the Closing Date, Seller shall deliver to Purchaser a statement (the “ Closing Statement”) containing Seller’s final calculation of the Closing Date Inventory Value and shall be accompanied with reasonably detailed documentation supporting Seller’s calculation thereof.

• If Purchaser delivers an Objection Notice to Seller on or before such twenty (20) Business Day period, then the Parties shall meet within ten (10) Business Days after Purchaser delivers an Objection Notice, by telephone or at a mutually agreeable location to discuss in good faith and attempt to reconcile their differences with respect to the amount of the Closing Date Inventory Value that is being challenged by Purchaser (the “ Challenged Amount(s)”).

More Definitions of Closing Date Inventory

Closing Date Inventory has the meaning ascribed thereto in Section 2.03(b).

Closing Date Inventory means the inventory set forth on the Closing Date Inventory List, less any inventory reflected on the Closing Date Inventory List that is not delivered to the Stores after the Closing Date as a result of the cancellation of the purchase order by the Seller after the Closing Date and which inventory Seller has not paid (nor is obligated to pay) for.

Closing Date Inventory as set forth in Section 2.3(a).

Closing Date Inventory means the lesser of (A) $30,500,000 or (B) ---------------------- the value of Sellers' inventory determined as of the Closing Date, which shall equal the sum of the products of (i) a physical count of the individual components of the inventory as of the Closing Date multiplied by (ii) the standard cost of the individual components of the inventory as of the Closing Date determined in a manner consistent with the method used to prepare Sellers' consolidated year-end financial statements for the year ended December 31, 1998 (and consistent with Sellers' application of such method for the period since December 31, 1998) and using lower of cost or market to value purchased materials, where market value for purchased materials is determined as the current replacement cost for identical products bought in similar quantities as originally purchased by Sellers, with such total inventory value to be adjusted in accordance with GAAP for excess and obsolete inventory in the flange business and similarly adjusted for obsolete, but not excess, inventory in the undercarriage components business; provided, however, that if the inventory as initially determined in accordance with part (B) of this definition (such initial determination to be the "Preliminary Closing Date Inventory") is less ---------------------------------- than $30,500,000, then the Reduction In Undercarriage Inventory Due To Change In Material Costs (defined below) shall be determined and, for purposes of part (B) of this definition only, the amount by which the Reduction In Undercarriage Inventory Due To Change In Material Costs exceeds $1,500,000 shall be added back to the Preliminary Closing Date Inventory for purposes of determining the Closing Date Inventory. "Reduction In Undercarriage Inventory Due To Change In Material Costs" -------------------------------------------------------------------- shall mean the excess (but not less than zero) of (A) the Preliminary Closing Date Inventory, modified to value purchased materials in the undercarriage components business inventory at the valuations used in Sellers' inventory on the Balance Sheet, over (B) the Preliminary Closing Date Inventory.

Closing Date Inventory shall have the meaning set forth in Section 2.06.

Closing Date Inventory means the amount of Target's inventory included in the Acquired Assets, as determined from the Closing Date Balance Sheet.

Closing Date Inventory means, as of the Closing Date, the value of the Purchased Inventory as determined in accordance with the Accounting Protocol.