{"component": "definition", "props": {"groups": [{"samples": [{"hash": "5vws6K2ZIj6", "uri": "https://www.registerofohio.state.oh.us/pdfs/3304/1/21/3304$1-21-01_PH_FF_N_RU_20220204_1305.pdf", "label": "www.registerofohio.state.oh.us", "score": 16.7750163262, "published": false}, {"hash": "5MJ9e14dqU2", "uri": "https://www.registerofohio.state.oh.us/pdfs/3304/1/21/3304$1-21-01_PH_OF_N_RU_20211119_1224.pdf", "label": "www.registerofohio.state.oh.us", "score": 16.762715571, "published": false}, {"hash": "3mCIlkWcLUa", "uri": "https://www.registerofohio.state.oh.us/pdfs/3304/1/21/3304$1-21-01_PH_TBR_N_RU_20211109_1052.pdf", "label": "www.registerofohio.state.oh.us", "score": 16.6037752377, "published": false}], "snippet": "means the debit or credit owed by or to an operator resulting from a difference between the value of their inventory on hand at the time of the closing inventory and the value of the initial inventory.", "size": 8, "snippet_links": [{"key": "debit-or-credit", "type": "clause", "offset": [10, 25]}, {"key": "an-operator", "type": "clause", "offset": [40, 51]}, {"key": "resulting-from", "type": "definition", "offset": [52, 66]}, {"key": "the-value", "type": "clause", "offset": [88, 97]}, {"key": "inventory-on-hand", "type": "clause", "offset": [107, 124]}, {"key": "closing-inventory", "type": "clause", "offset": [144, 161]}, {"key": "initial-inventory", "type": "definition", "offset": [183, 200]}], "hash": "352d03fcc6dc42b75529f945ffbfd726", "id": 1}, {"samples": [{"hash": "jkeIyoAPPpi", "uri": "/contracts/jkeIyoAPPpi#inventory-adjustment", "label": "Asset Purchase Agreement (Concierge Technologies Inc)", "score": 28.8877481177, "published": true}, {"hash": "iut4eHTMpsX", "uri": "/contracts/iut4eHTMpsX#inventory-adjustment", "label": "Asset Purchase Agreement (Concierge Technologies Inc)", "score": 28.8001368925, "published": true}], "snippet": "has the meaning set forth in Section 2.05(a).", "size": 5, "snippet_links": [], "hash": "a312779f1dd176d4223ba0244df8fd1b", "id": 2}, {"samples": [{"hash": "cRAhf31okRq", "uri": "/contracts/cRAhf31okRq#inventory-adjustment", "label": "Asset Purchase Agreement (Med-Design Corp)", "score": 18.0, "published": true}], "snippet": "has the meaning set forth in Section 3.3(a).", "size": 4, "snippet_links": [], "hash": "80431aee257b3923746286c46596eb43", "id": 3}, {"samples": [{"hash": "gFbCfqbsSde", "uri": "/contracts/gFbCfqbsSde#inventory-adjustment", "label": "Consulting Agreement (Grown Rogue International Inc.)", "score": 35.1957563313, "published": true}, {"hash": "1o5PGNUKxQ", "uri": "/contracts/1o5PGNUKxQ#inventory-adjustment", "label": "Consulting Agreement (Grown Rogue International Inc.)", "score": 35.1957563313, "published": true}, {"hash": "dP3bLQqHeLZ", "uri": "/contracts/dP3bLQqHeLZ#inventory-adjustment", "label": "Consulting Agreement (Goodness Growth Holdings, Inc.)", "score": 32.8672142368, "published": true}], "snippet": "this adjustment is intended to capture the cash flow impact of Company\u2019s accumulation or depletion of inventory. It is calculated as the quarterly change in inventory from the balance sheet, plus the inventory valuation adjustment from the income statement.", "size": 3, "snippet_links": [{"key": "cash-flow", "type": "clause", "offset": [43, 52]}, {"key": "change-in", "type": "definition", "offset": [147, 156]}, {"key": "balance-sheet", "type": "clause", "offset": [176, 189]}, {"key": "valuation-adjustment", "type": "clause", "offset": [210, 230]}, {"key": "income-statement", "type": "clause", "offset": [240, 256]}], "hash": "92d72034055a82fb4abfe40c94f7cc61", "id": 4}, {"samples": [{"hash": "lR7I54jxeUN", "uri": "/contracts/lR7I54jxeUN#inventory-adjustment", "label": "Asset and Equity Purchase Agreement (Del Frisco's Restaurant Group, Inc.)", "score": 27.7145790554, "published": true}, {"hash": "3KxARlPrdph", "uri": "/contracts/3KxARlPrdph#inventory-adjustment", "label": "Asset and Equity Purchase Agreement (Del Frisco's Restaurant Group, Inc.)", "score": 27.7118412047, "published": true}], "snippet": "means an amount equal to the difference between the Closing Date Inventory and the Inventory Target, provided, however, that the Inventory Adjustment shall in no event be greater than $0.00.", "size": 2, "snippet_links": [{"key": "equal-to", "type": "definition", "offset": [16, 24]}, {"key": "closing-date-inventory", "type": "definition", "offset": [52, 74]}, {"key": "inventory-target", "type": "definition", "offset": [83, 99]}, {"key": "in-no-event", "type": "clause", "offset": [156, 167]}], "hash": "9f70b694e47a4105937c74eddbb0850f", "id": 5}, {"samples": [{"hash": "4Ma7YhmxVJ7", "uri": "/contracts/4Ma7YhmxVJ7#inventory-adjustment", "label": "Unit Purchase Agreement (Universal Truckload Services, Inc.)", "score": 24.9178644764, "published": true}, {"hash": "9VMzoy2rM4I", "uri": "http://investors.universallogistics.com/static-files/4da1c5de-bdfb-4b07-9eac-9a050e292c0d", "label": "investors.universallogistics.com", "score": 9.9623545517, "published": false}], "snippet": "means with respect to any Inventory, as of any time, and to the extent not already reflected as a deduction to Inventory Value in the books and records of the Company and its Subsidiary, the aggregate value of all unusable, stale or obsolete Inventory at such time, as determined in accordance with GAAP and Annex C. For purposes of this definition, the Inventory shall be deemed to have a value equal to (x) in the case of Inventory that is aged not less than 6 months but not more than 12 months, the lesser of cost or fair market value and (y) in the case of Inventory that is aged more than 12 months, zero.", "size": 2, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [6, 21]}, {"key": "any-time", "type": "definition", "offset": [43, 51]}, {"key": "to-the-extent", "type": "clause", "offset": [57, 70]}, {"key": "inventory-value", "type": "definition", "offset": [111, 126]}, {"key": "books-and-records-of-the-company", "type": "clause", "offset": [134, 166]}, {"key": "aggregate-value", "type": "definition", "offset": [191, 206]}, {"key": "obsolete-inventory", "type": "definition", "offset": [233, 251]}, {"key": "in-accordance-with", "type": "definition", "offset": [280, 298]}, {"key": "for-purposes-of-this-definition", "type": "clause", "offset": [317, 348]}, {"key": "the-inventory", "type": "clause", "offset": [350, 363]}, {"key": "equal-to", "type": "definition", "offset": [396, 404]}, {"key": "in-the-case", "type": "clause", "offset": [409, 420]}, {"key": "lesser-of", "type": "definition", "offset": [503, 512]}, {"key": "fair-market-value", "type": "clause", "offset": [521, 538]}], "hash": "ec9c44dc9dc35ddb011140ad65c2f2f1", "id": 6}, {"samples": [{"hash": "61M6Q6I9opx", "uri": "/contracts/61M6Q6I9opx#inventory-adjustment", "label": "Purchase Agreement (Coleman Cable, Inc.)", "score": 21.0, "published": true}, {"hash": "9bePcnNtiF7", "uri": "/contracts/9bePcnNtiF7#inventory-adjustment", "label": "Purchase Agreement (Katy Industries Inc)", "score": 19.0, "published": true}], "snippet": "As defined in Section 2.5(b).", "size": 2, "snippet_links": [{"key": "defined-in-section", "type": "clause", "offset": [3, 21]}], "hash": "90c52bccaf36d55bcb024e3d00cadae2", "id": 7}, {"samples": [{"hash": "3J8ABbCaLH9", "uri": "/contracts/3J8ABbCaLH9#inventory-adjustment", "label": "Merger Agreement (Alliqua, Inc.)", "score": 25.3422313484, "published": true}, {"hash": "hGKS11fTRWa", "uri": "http://ir.adynxx.com/static-files/b16c67cc-863a-4d1b-807c-c79eff5e5f1e", "label": "ir.adynxx.com", "score": 9.7077344285, "published": false}], "snippet": "means an amount calculated as follows:", "size": 2, "snippet_links": [], "hash": "46bd9fee25ea4888d94c94a9694de50b", "id": 8}, {"samples": [{"hash": "adrxESXQ5gm", "uri": "/contracts/adrxESXQ5gm#inventory-adjustment", "label": "Asset Purchase Agreement (Summit Materials, LLC)", "score": 26.2895277207, "published": true}, {"hash": "1drleBSwoH", "uri": "http://investors.summit-materials.com/Cache/1500071469.PDF?O=PDF&T=&Y=&D=&FID=1500071469&iid=4293172", "label": "investors.summit-materials.com", "score": 10.1704312115, "published": false}], "snippet": "means an amount equal to the difference between (a) the Inventory Value and (b) the Inventory Target.", "size": 2, "snippet_links": [{"key": "equal-to", "type": "definition", "offset": [16, 24]}, {"key": "inventory-value", "type": "definition", "offset": [56, 71]}, {"key": "inventory-target", "type": "definition", "offset": [84, 100]}], "hash": "a87998b4e262fc262853958745fb8a48", "id": 9}, {"samples": [{"hash": "3HZqhOuqq6i", "uri": "/contracts/3HZqhOuqq6i#inventory-adjustment", "label": "Stock Purchase Agreement (United Natural Foods Inc)", "score": 18.0, "published": true}], "snippet": "shall have the meaning set forth in Section 2.3(a)(i).", "size": 2, "snippet_links": [], "hash": "9b1abd642ec31430ed74641417578cb3", "id": 10}], "next_curs": "CmESW2oVc35sYXdpbnNpZGVyY29udHJhY3Rzcj0LEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIdaW52ZW50b3J5LWFkanVzdG1lbnQjMDAwMDAwMGEMogECZW4YACAA", "definition": {"title": "Inventory Adjustment", "snippet": "means the debit or credit owed by or to an operator resulting from a difference between the value of their inventory on hand at the time of the closing inventory and the value of the initial inventory.", "size": 57, "id": "inventory-adjustment", "examples": ["The <strong>Inventory Adjustment</strong> Amount, the Materials and Supplies Adjustment Amount and the Maintenance and Capital Expenditures Adjustment Amount are referred to collectively as the &quot;Adjustment Amount.&quot; The Adjustment Statement shall be prepared using the same generally accepted accounting principles, policies and methods as the Seller has historically used in connection with the calculation of the items reflected on the Adjustment Statement.", "In the event of a dispute with respect to the <strong>Inventory Adjustment</strong> Amount, the Materials and Supplies Adjustment Amount or the Maintenance and Capital Expenditures Amount, the Buyer and the Seller shall attempt to reconcile their differences and any resolution by them as to any disputed amounts shall be final, binding and conclusive on the parties.", "The <strong>Inventory Adjustment</strong> Amount and the Maintenance and Capital Expenditures Amount for the Closing are referred to collectively as the &quot;Adjustment Amount.&quot; The <strong>Inventory Adjustment</strong> Amount will be based on an inventory survey conducted by MPC within five days prior to the Closing consistent with MPC&#x27;s current inventory procedures (the &quot;Inventory Survey&quot;).", "The <strong>Inventory Adjustment</strong> Amount and the Maintenance and Capital Expenditures Amount for the Closing is referred to collectively as the &quot;Adjustment Amount.&quot; The <strong>Inventory Adjustment</strong> Amount will be based on an inventory survey conducted by Seller within five days prior to the Closing consistent with Seller&#x27;s current inventory procedures (the &quot;Inventory Survey&quot;).", "If the Final Closing Date Inventory is less than the Inventory in the quantities listed on Exhibit 2.01(a)(v), then the Seller shall be obligated to pay to Purchaser an amount in cash equal to the Seller Closing Date <strong>Inventory Adjustment</strong> Amount within three Business Days after the Final Closing Date Inventory is determined.", "SCHEDULE B BASELINE NET SALES/TIER 2 REVENUES/TERMINATION BASELINE SALES ($MILLION) Provided however, that for the purpose of calculating the amount of payment associated with an applicable Payment Termination Event (as described in Section 20.2.3 of the Agreement), the Termination Baseline Sales shall be defined as follows: * To include deemed sales pursuant to Schedule S (Pipeline <strong>Inventory Adjustment</strong> Formulas), if any.", "Any portion of the Closing <strong>Inventory Adjustment</strong> Amount, the Closing A/R Adjustment Amount, the Collected A/R Adjustment Amount and/or the Rebate Amount which has not been disputed by Seller pursuant to this Section \u200e3.3(d)(ii) shall be paid by Seller or Buyer, as the case may be, within ten (10) Business Days of the expiration of the Resolution Period, and such amounts shall be deemed agreed and binding upon the Parties.", "If Buyer and Seller do not agree on the items set forth in the <strong>Inventory Adjustment</strong> Notice, Buyer and Seller shall promptly engage a nationally recognized firm of independent accountants to resolve the disputed items.", "If Purchaser is required to pay the <strong>Inventory Adjustment</strong>, it shall be paid by Purchaser to VI by wire transfer of immediately available funds to such account as is directed by VI.", "The <strong>Inventory Adjustment</strong> Amount and the Maintenance and Capital Expenditures Amount are referred to collectively as the &quot;Adjustment Amount.&quot; The <strong>Inventory Adjustment</strong> Amount will be based on an inventory survey conducted within five (5) Business Days prior to the Closing Date consistent with Sellers&#x27; current inventory procedures, and Buyer will be entitled to have a Buyer Representative observe such inventory survey."], "related": [["inventory-value", "Inventory Value", "Inventory Value"], ["inventory-formula-amount", "Inventory Formula Amount", "Inventory Formula Amount"], ["cost-of-living-adjustment", "Cost of Living Adjustment", "Cost of Living Adjustment"], ["\u2587\u2587\u2587\u2587\u2587-adjustment", "\u2587\u2587\u2587\u2587\u2587 Adjustment", "\u2587\u2587\u2587\u2587\u2587 Adjustment"], ["inventory-advance-rate", "Inventory Advance Rate", "Inventory Advance Rate"]], "related_snippets": [], "updated": "2025-07-06T21:58:36+00:00"}, "json": true, "cursor": ""}}