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Estimated Closing Cash has the meaning set forth in Section 2.4(a).
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.
Estimated Closing Balance Sheet has the meaning set forth in Section 2.6(a).
Estimated Closing Statement has the meaning set forth in Section 2.4(a).
Estimated Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a) hereof.
Estimated Closing Indebtedness has the meaning set forth in Section 2.3(a).
Estimated Closing Net Working Capital has the meaning set forth in Section 2.6(a).
Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).
Estimated Cash has the meaning set forth in Section 2.4(a).
Closing Cash Amount has the meaning set forth in Section 2.2.
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.
Closing Cash means the amount of Cash determined as of the close of business on the Closing Date.
Final Closing Cash shall have the meaning set forth in Section 2.11(g).
Final Closing Balance Sheet shall have the meaning set forth in Section 2.3(e).
Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.
Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Level in respect of such day.
Closing Balance Sheet has the meaning set forth in Section 2.4(a).
Closing Adjustment Amount shall have the meaning set forth in Section 2.3(b)(i)(A).
Closing Cash Payment has the meaning set forth in Section 2.06(a).
Closing Working Capital Statement has the meaning set forth in Section 2.04(b)(i).
Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).
Estimated Working Capital Adjustment shall have the meaning set forth in Section 2.2(b).
Current Assessed Value means the assessed value of the District certified by the municipal assessor as of April 1st of each year that the District remains in effect.
Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.
Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).
Estimated Value means the value of the Contract estimated under these Contract and Procurement Regulations.

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