Closing Date Inventory definition

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

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

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

Examples of Closing Date Inventory in a sentence

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.
Within 30 days after the Closing Date, Toppan shall deliver to VIA a list of the Closing Date Inventory and its valuation as of the Closing Date (the “Closing Date Inventory Statement”).
NewCo LLC will purchase the Sprint WiMAX Closing Date Inventory for a price equal to Sprint’s cost as set forth on such certificate, without interest, with all purchases to occur during the period between the Closing Date and the date that is 12 months from the Closing Date (the “Purchase Period”); provided that NewCo LLC will not be required to purchase an amount of Sprint WiMAX Inventory with a cost greater than $167 million.
The Closing Date Inventory Value Statement shall become final and binding upon the Acquiror and EPI at the end of such sixty (60) day period, unless the Acquiror objects to the Closing Date Inventory Value Statement, in which case it shall send written Notice (the “Notice of Objection”) to EPI within such period, setting forth in specific detail the basis for its objection and its proposal for any adjustments to the Closing Date Inventory Value Statement.
Within ten (10) days after the date on which the Closing Date Inventory Value Statement becomes final and binding on EPI and the Acquiror, the Acquiror shall pay the Closing Date Inventory Value Adjustment to EPI, if positive, or EPI shall pay the Closing Date Inventory Value Adjustment to the Acquiror, if negative.

More Definitions of Closing Date Inventory

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 as set forth in Section 2.3(a).

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

Closing Date Inventory means the draft Closing Date Inventory, together with any revisions thereto pursuant to this Section 3.2(b), including the determination of the Accountant. -------------- (c) Seller will make the work papers and back-up materials used in preparing the draft Closing Date Inventory available to the Purchaser and its accountants and other representatives at reasonable times and upon reasonable notice at any time during (x) the preparation by the Seller of the draft Closing Date Inventory, (y) the review by the Seller of the draft Closing Balance Sheet, and (z) the resolution by the parties of any objection thereto.

Closing Date Inventory means all Inventory relating to the Aseptic Business as of the close of business on the day immediately preceding the Closing Date, as finally determined in accordance with Section 2(e)(ii)(A). Items included in Closing Date Inventory shall be valued on the basis for their valuation set forth in the notes to the Most Recent Balance Sheet. The quantities and types of inventory included in Closing Date Inventory shall be the book inventory of the Transferor with respect to the Aseptic Business as of the close of business on the day immediately preceding the Closing Date (reflecting any subsequent postings as of the close of business on the day immediately preceding the Closing Date made in accordance with the past custom and practices of the Transferor), and no physical inventory shall be conducted.

Closing Date Inventory means the amount of the Company's inventory on the Closing Date as reflected in the Closing Date Financial Statements;