Indian Inventory definition

Indian Inventory means the Inventory located at the Hub in Chennai (India) on the Indian Inventory Closing. For avoidance of doubt, Indian Inventory shall include all Inventory received into the Chennai Hub between the Effective Time and the Indian Inventory Closing, and shall exclude all Inventory shipped out the Chennai Hub between the Effective Time and the Indian Inventory Closing, in either case provided such receipt or shipment is in accordance with the Transition Services Agreement.
View Source

Examples of Indian Inventory in a sentence

  • Such inventory list shall include part number, value, location, pre Initial Closing ownership and other pertinent information (the “Estimated Indian Inventory List”).

  • The Seller shall deliver to the Purchaser five Business Days before the Initial Closing Date a complete list of the Indian Inventory as it is estimated by the Seller to exist on the Initial Closing Date, to the satisfaction of the Purchaser, acting reasonably.

  • The amount payable shall be the amount calculated in accordance with Section 2.1(c)(iii) and 2.1(c)(iv) less the Indian Inventory Deposit (provided that in circumstances where Section 2.7(a)(ii) applies, payment shall be made by DragonWave India to NSN India in Rupees calculated with reference to the closing mid-point Euro/Indian Rupee spot rate applicable at close of business on the Business Day prior to the date on which payment is due).

  • The value of the Indian Inventory as reflected in such inventory count, calculated in accordance with IFRS and in a manner consistent with the definition of “Inventory Value” as defined in Section 2.1(c), is hereinafter referred to as the “Final Indian Inventory Value”.

  • The Seller and the Purchaser shall conduct an inventory count of the Indian Inventory which shall be finalised and agreed to no later than the Business Day before the Indian Inventory Closing.

  • On the Indian Inventory Closing, DragonWave India shall purchase the Indian Inventory from NSN India.

  • If the Indian Inventory Deposit exceeds the amount calculated in accordance with Section 2.1(c)(iii) and 2.1(c)(iv), the excess amount shall be immediately refunded to DragonWave India without deduction or set-off.

  • On the Indian Inventory Closing, the relevant provision of the Transition Services Agreement shall terminate insofar as they relate to the subject matter of the Indian Inventory.

  • For greater certainty, if the conditions to the Indian Capital Lease Closing and the Indian Inventory Closing, as set out in Section 2.7(a) and Section 2.7(e), respectively, are not met, the Transition Services Agreement, as it applies to the Indian Inventory and the Indian Leased Assets, shall continue in full force and effect, subject to the terms of such agreement.

  • Subject to the adjustments provided in Sections 2.1(c) and 2.6(g), the Purchaser will pay to the Seller, or as the Seller may otherwise direct, on the Initial Closing Date, the amount of €******, which amount includes the Indian Inventory Deposit (defined below) and the Chinese Cash Consideration (defined below).