Current Inventories definition
Current Inventories means all inventories of Products in the market other than “Discontinued Product Inventories”. Notwithstanding anything to the contrary, “Current Inventories” shall exclude all inventories of Products in Licensee’s direct retail stores and the G▇▇▇▇▇▇ brand Store in Harajuku, Japan.
Examples of Current Inventories in a sentence
Seller represents and warrants to Purchaser that as of such dates, the Assumed Payables, so determined, were $4,675,324 (the "Current Assumed Payables") and the Inventories, so determined, based on Seller's cost, before reserves, were valued at $17,731,000 (the "Current Inventories Valuation").