Inventory Aging definition

Inventory Aging means, as of any date of determination with respect to any Inventory of Borrower and its Subsidiaries’ (and, prior to the Restructuring Date, Holdings), the number days from the original acquisition date thereof.
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Examples of Inventory Aging in a sentence

  • Such accounting firm shall be instructed to render a written decision as to the Wholesale Value of Inventory and Inventory Aging Adjustment within 30 calendar days thereafter, and such decision shall be final and binding upon each of the parties.

  • The date on which the Buyer and the Seller jointly agree upon the Wholesale Value of Inventory and Inventory Aging Adjustment, or the date on which the independent accounting firm renders its written decision with respect to Wholesale Value of Inventory and Inventory Aging Adjustment is the "Determination Date" hereunder.

  • If the Buyer and the Seller are unable to reach an agreement regarding the Wholesale Value of Inventory and Inventory Aging Adjustment on or prior to 14 calendar days following the delivery of the Inventory Count by the Inventory Service, on the next Business Day thereafter the disagreement shall be presented to a leading independent accounting firm to be mutually selected by the Buyer and the Seller.

  • Promptly (and in no event later than seven calendar days) following the day on which the Inventory Service shall have delivered the final report of Inventory Count to Sellers and Buyer, Sellers and Buyer shall jointly calculate and agree, each acting reasonably and in good faith, an actual Wholesale Value of Inventory and Inventory Aging Adjustment as of the Closing Date based upon the principles set forth in Section 3.1(a) above and the procedures described in Section 3.5(a).

  • Within thirty (30) days after the end of each fiscal month, in each Fiscal Year, a Monthly Inventory Aging Report.