Closing Date Physical Inventory Shrinkage Amount definition

Closing Date Physical Inventory Shrinkage Amount means the amount, if any, of the Physical Inventory Shrinkage Amount which results in an increase to the cost of sales as reflected in the income statement for the Business for the period ending on the Closing Date; provided, however, that if the Physical Inventory Shrinkage Amount shall equal zero or shall otherwise not exist, the Closing Date Physical Inventory Shrinkage Amount shall equal zero.
Sample 1

Related to Closing Date Physical Inventory Shrinkage Amount

  • Inventory Value means with respect to any Inventory of a Loan Party at the time of any determination thereof, the standard cost determined on a first in first out basis and carried on the general ledger or inventory system of such Loan Party stated on a basis consistent with its current and historical accounting practices, in Dollars, determined in accordance with the standard cost method of accounting less, without duplication, (i) any markup on Inventory from an Affiliate and (ii) in the event variances under the standard cost method are expensed, a Reserve reasonably determined by the Agent as appropriate in order to adjust the standard cost of Eligible Inventory to approximate actual cost.

  • Inventory Formula Amount means, with respect to any item of Eligible Inventory and at any time of determination, the lesser of (a) 65% of the lower of cost and market of such Inventory and (b) 85% of the Net Orderly Liquidation Value of such Inventory.

  • Estimated Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a) hereof.

  • Transferred Inventory shall have the meaning set forth in Section 1.1(c).

  • Estimated Closing Balance Sheet has the meaning set forth in Section 2.6(a).

  • Final Closing Balance Sheet shall have the meaning set forth in Section 2.3(e).

  • Obsolete Inventory means items that have expired, are redundant or

  • Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Great American Group dated June 2007 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraisal firm pursuant to Section 9.2(b).

  • Estimated Closing Indebtedness has the meaning set forth in Section 2.3(a).

  • Estimated Closing Cash has the meaning set forth in Section 2.4(a).

  • Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a).

  • Excluded Inventory shall have the meaning set forth in Section 2.1(c).

  • Estimated Closing Statement has the meaning set forth in Section 2.4(a).

  • Analytical x-ray equipment means equipment used for x-ray diffraction or fluorescence analysis.

  • Final Closing Cash shall have the meaning set forth in Section 2.11(g).

  • Closing Balance Sheet has the meaning set forth in Section 2.4(a).

  • Closing Cash Amount has the meaning set forth in Section 2.2.

  • Closing Date Business Plan means the set of Projections of Borrowers for the 3 year period following the Closing Date (on a year by year basis, and for the 1 year period following the Closing Date, on a month by month basis), in form and substance (including as to scope and underlying assumptions) satisfactory to Agent.

  • Inventory Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof.

  • Closing Cash Payment has the meaning set forth in Section 2.06(a).

  • Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Level in respect of such day.

  • Target Closing Date means three (3) Business Days following receipt of the Approval and Vesting Order, or such other date as the Parties may agree.

  • Preliminary Closing Balance Sheet shall have the meaning set forth in Section 2.3(c)(i).

  • Final Closing Statement has the meaning set forth in Section 2.5(d).

  • Closing Date Cash has the meaning specified in Section 3.4(a).

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).