Closing Inventories definition

Closing Inventories as defined in Section 2.3(b).
Sample 1Sample 2
Closing Inventories means the value of the Inventory as of the Closing, determined in accordance with Accounting Principles.
Sample 1
Closing Inventories has the meaning set forth in Section 2.10(b). "Code" means the Internal Revenue Code of 1986, as amended. "Committee Trust Order" has the meaning set forth in Section 8.7(b). "Competing Bid" has the meaning set forth in Section 6.9.
Sample 1

Examples of Closing Inventories in a sentence

  • This line is the sum of lines 7 to 10 (Receipts from Other Reporting companies + Receipts from Other Non-Reporting Companies + Imports + Opening Inventories), and lines 2 and 5 (Transfers Inter-Products + Inter- Provincial Transfers In) LESS lines 11 to 15 (Closing Inventories, Deliveries to Other Reporting Companies, Exports, Losses and Adjustments, and Own Consumption) and LESS line 6 (Inter- Provincial Transfers Out).

  • This line is thesum of lines 7 to 10 (Receipts from Other Reporting companies + receipts from other Non Reporting companies + Imports + Opening Inventories), and lines 1, 2 and 5 (Refinery Production+ Transfers + Interprovincial Transfers In) LESS lines 11 to 15 (Closing Inventories, Deliveries to other reporting companies, Exports, losses and adjustments, and own consumption) and LESS lines 3 and 6 (Transfers to Refinery Feedstock and Interprovincial Transfers Out).

  • Closing Inventories Work-in-Progress382.88 1321.80Finished Goods1733.43 64.78Stock-in-Trade- -Scrap Materials30.88 21.06 2147.19 1407.64Opening Inventories Work-in-Progress1321.80 1273.57Finished Goods64.78 359.21Stock-in-Trade- 1.57Scrap Materials21.06 8.06 1407.64 1642.41 (739.55) 234.77 28.

  • Such payments shall be made within three (3) Business Days after the calculation of the Closing Inventories becomes binding and conclusive on the parties pursuant to Section 2.10.

  • All Products in the Closing Inventories were produced or manufactured in accordance with the specifications for such Products, including as set forth in the Drug Authorizations for such Products, as applicable, and in compliance with applicable Legal Requirements, in each case in all material respects.

  • Total estimated impact on the operating margin due to the fall in commodity prices is € 8.0 million (equivalent to INR 619 million), which includes a provision of € 3.0 million (equivalent to INR 237 million) towards fall in Net Realizable Value on Closing Inventories as of December 31, 2014.

  • The purchase price payable by Seller for such Closing Inventory shall be the amount by which the appropriate net book value of such Closing Inventories less applicable reserves (as reflected on the Closing Date Statement of Net Assets) is greater than the Inventory Realized Amount.

  • CHANGES IN INVENTORIES OF FINISHED GOODS, WORK IN PROGRESS AND STOCK-IN-TRADE Closing Inventories of : Goods under Process––Finished Goods––Trading Goods – – ––Opening Inventories of : Goods under Process––Finished Goods–0.02Trading Goods – – – 0.02Total changes in inventories of finished goods, work in progress and stock-in-trade – 0.02Notes to Accounts (Contd.)(Amounts in INR Lakhs) Year ended Year ended March 31, 2022 March 31, 2021 27.

  • Buyer shall deliver its determination of the Closing Inventories and Fixed Assets Capital to Sellers within sixty (60) days following the Closing Date.

  • CHANGE IN INVENTORIES (₹ in Lakhs)ParticularsFor the year ended31st March, 2019For the year ended31st March, 2018(a) Opening inventories (i) Traded Goods71.46-(ii) Work in progress624.56691.20(iii) Finished Goods1,725.291,926.55 2,421.312,617.75(b) Less: Closing Inventories (i) Traded Goods46.6471.46(ii) Work in progress640.19624.56(iii) Finished Goods1,812.451,725.29 2,499.272,421.31TOTAL(77.97)196.44 27.


More Definitions of Closing Inventories

Closing Inventories means the Inventories set forth in the Closing Inventory Schedule.
Sample 1

Related to Closing Inventories

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

  • Closing Statement means the Closing Statement in the form on Annex A attached hereto.

  • Inventories means “Inventories” as defined in the Uniform System of Accounts, such as, but not limited to, provisions in storerooms, refrigerators, pantries and kitchens; beverages in wine cellars and bars; other merchandise intended for sale; fuel; mechanical supplies; stationery; and other expensed supplies and similar items.

  • 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.

  • Product Inventory means all inventory owned as of the Closing by Seller or any Affiliate thereof of finished Product that is in conformance with the Specifications and has an expiration date of October 1, 2016 or later, regardless of whether such inventory is held at a location or facility of Seller or any Affiliate (or of any other Person on behalf of Seller or any Affiliate, including in any of Seller’s warehouses, manufacturers, suppliers, distributors or consignees) or in transit to or from Seller or any Affiliate (or any such other Person).

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

  • 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).

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

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

  • Closing Working Capital Statement has the meaning set forth in Section 2.04(b)(i).

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

  • Post-Closing Statement has the meaning set forth in Section 3.3(c).

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

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

  • Closing Cash means the amount of Cash determined as of the close of business on the Closing Date.

  • Pre-Closing Straddle Period means the portion of a Straddle Period ending on the Closing Date.

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

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after the Closing Date.

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Assumed Liabilities has the meaning set forth in Section 2.3.

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

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

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.6(a).

  • Purchase Price Allocation Schedule has the meaning set forth in Section 5.11(f)(ii).