Estimated Inventory Statement definition

Estimated Inventory Statement means an unaudited statement setting out the Seller’s bona fide estimate of the Estimated Inventory Amount prepared by the Seller pursuant to Clause 5 in the same format as the pro forma Inventory Statement set out in Part I (Pro Forma Inventory Statement) of Schedule 11 (Pro Forma Statements).
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Estimated Inventory Statement the meaning set forth in Section 3.3.
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Estimated Inventory Statement means the mutually agreed upon estimated ----------------------------- statement of finished goods inventory attached hereto as Schedule 1(d).
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Examples of Estimated Inventory Statement in a sentence

  • Buyer shall pay $34,200,000 (or such lesser amount as may be determined pursuant to the Estimated Inventory Statement (as defined below)) to Seller on the Closing Date (the "Closing Payment") by wire transfer of immediately available funds to an account or accounts of Seller at a bank or banks specified by Seller no later than three business days prior to the Closing Date.

  • The value of Inventory shall be determined in a manner as described on Schedule 2.4(a) in accordance with GAAP applied consistently with the Financial Information as such relates to the valuation of Inventory (the “Closing Inventory Statement” and together with the Estimated Inventory Statement, the “Statements”).

  • Any amounts forfeited pursuant to Sections 8.2, 8.3 or 10.8 shall be held in an account to be known as the “forfeiture suspense account” until allocated pursuant to Section 6.5.3.

  • Mastered by Bernie Grundman.Notes: The track begins with Jimi saying, “take 30”.

  • Based on the Final Inventory, an adjustment payment shall be calculated and paid as follows: (i) if the Final Inventory shall be less than the Inventory Amount set forth in the Estimated Inventory Statement, Sellers shall pay to Buyers the absolute value of the difference between such amounts; or (ii) if the Final Inventory shall be greater than the Inventory Amount set forth in the Estimated Inventory Statement, Buyers shall pay to Sellers the absolute value of the difference between such amounts.


More Definitions of Estimated Inventory Statement

Estimated Inventory Statement shall have the meaning assigned thereto in Section 2.4(a).
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Estimated Inventory Statement shall have the meaning set forth in Section 8.2(a).
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Related to Estimated Inventory Statement

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

  • Statutory Statement means a statement of the condition and affairs of an Insurance Subsidiary, prepared in accordance with accounting procedures and practices prescribed or permitted by an applicable insurance regulatory authority or the NAIC, as modified in accordance with permitted practices approved by an applicable insurance regulatory authority, and filed with an applicable insurance regulatory authority or the NAIC.

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

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

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

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

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

  • Working Capital Statement has the meaning set forth in Section 2.3(a).

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

  • Audited financial statement means a financial statement audited by an outside accounting firm.

  • Closing Financial Statements has the meaning set forth in Section 6.22.

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

  • Monthly Statement The statement delivered to the Certificateholders pursuant to Section 4.06.

  • Final Statement means the statement defined in Sub-Clause 14.11 [Application for Final Payment Certificate].

  • Statutory Statements has the meaning set forth in Section 3.6(b).

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

  • Estimated revenue means the amount of revenue estimated to be received from all sources during the budget year in each fund for which a budget is being prepared.

  • Operating Statement Analysis Report format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Annual Statement means, with respect to any Insurance Subsidiary for any fiscal year, the annual financial statements of such Insurance Subsidiary as required to be filed with the Insurance Regulatory Authority of its jurisdiction of domicile and in accordance with the laws of such jurisdiction, together with all exhibits, schedules, certificates and actuarial opinions required to be filed or delivered therewith.

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

  • Audited Financial Statements means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2017, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto.

  • Explanatory Statement means the explanatory statement which forms part of the Notice;

  • Financial Statement has the meaning set forth in Section 4(g) below.

  • CMSA Operating Statement Analysis Report means a report substantially in the form of, and containing the information called for in, the downloadable form of the "Operating Statement Analysis Report" available as of the Closing Date on the CMSA Website or in such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage-backed securities transactions generally.