Examples of Final Closing Inventory Statement in a sentence
The Purchase Price will be adjusted to the benefit of Buyer or Seller, dollar for dollar, to the extent that the value of the Inventory as of the Closing, as reported in the Final Closing Inventory Statement (as defined below), is more or less than the Target Value (the "Inventory Adjustment").
Following the Closing, Purchaser shall maintain the accounting books and records on which the Final Closing Inventory Statement is to be based consistent with the Inventory Principles.
At the Closing, except to the extent excluded from the Final Closing Inventory Statement, the Inventory will (a) be current, non-obsolete and saleable in the ordinary course and pursuant in all material respects to all applicable laws, including the FDA Act, and (b) meet in all material respects applicable manufacturing specifications and be free of defects in all material respects.