Inventory Amount definition

Inventory Amount shall have the meaning set forth in Section 4.2.

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Inventory Amount means the value of all EDS Inventory accounted for in the line items and ledger codes summing up to the line item “Total Inventory (inc spares)” in Part I (Pro Forma Inventory Statement) of Schedule 11 (Pro Forma Statements), all as determined on the basis of the Accounting Principles all expressed in euro as per the relevant entries in the relevant ledger accounts and the total amount converted to US Dollars in accordance with the provisions of Clause 25.1.10.

Inventory Amount means the aggregate amount of Sampled Location Inventory Value for all Sampled Locations to be transferred at the Closing or applicable Subsequent Closing plus the Extrapolated Inventory Value for all Acquired Stores to be transferred at the Closing or a Subsequent Closing (other than the Sampled Locations);

Examples of Inventory Amount in a sentence

Should the Inventory Amount at the time of Closing exceed the Average Inventory, the Purchase Price shall be adjusted upward accordingly and shall be payable at Closing.
If Buyer fails to deliver such written notice within such 30-day period, Seller’s calculation of the Closing Inventory Amount shall be the Final Inventory Amount, which shall be binding upon the parties.
Should the Inventory Amount at the time of Closing be less than the Average Inventory, the Purchase Price shall be adjusted downward accordingly and shall be payable at Closing.
On the date which is at least three (3) Business Days prior to the Completion Date, the Seller shall provide to the Purchaser a bona fide written estimate of the Estimated Debt-Like Items Amount, the Estimated Net Intercompany Amount, the Estimated Inventory Amount and the Estimated Working Capital Amount in the form of an Estimated Net Intercompany Statement, an Estimated Debt-Like Items Statement, an Estimated Inventory Statement and an Estimated Working Capital Statement.
If BioMarin objects to the Inventory Statement, then BioMarin shall deliver to Merck Serono a statement setting forth its objections to the calculation of the Inventory Amount in reasonable detail and stating BioMarin’s calculation of the amount believed by BioMarin in good faith to be the correct calculation of the Inventory Amount.

More Definitions of Inventory Amount

Inventory Amount means the value of the Inventory (measured at the lower of cost or market value) as of the Effective Time.

Inventory Amount means an amount equal to the inventory of Kuvan transferred and delivered by Merck Serono to BioMarin, on a case by case basis related to each Inventory Statement, pursuant to the requirements of this Agreement, based on the pricing terms set forth on Schedule 1.37.

Inventory Amount means a calculation of the book value of the Inventory as of any date in accordance with GAAP, applied in accordance with Seller's past practice; provided, however, that in calculating the Inventory Amount as of any date, reserves shall equal the reserves set forth in the Financial Statements.

Inventory Amount means, during any month, the amount set forth below as corresponds to such amount: Month Inventory Amount ----- ---------------- February 1999 $13,500,000 March 1999 12,300,000 April 1999 12,600,000 May 1999 14,500,000 June 1999 14,200,000 July 1999 14,700,000 August 1999 17,600,000 September 1999 16,800,000 October 1999 14,100,000 Month Inventory Amount ----- ---------------- November 1999 14,000,000 December 1999 13,700,000 January 2000 13,500,000 February 2000 13,500,000 March 2000 12,300,000

Inventory Amount means the physical count of inventory of the Conveyed Entities, as rolled forward or backward from the date of the account, so as to be the amount of inventory of the Conveyed Entities existing as of 11:59 P.M. on the date immediately prior to the Closing Date, as agreed to by the Sellers and Buyer in accordance with this Section 2.3(j). If the Sellers and Buyer agree on such count, the Inventory Amount, as so agreed, shall be used by the Sellers for purposes of determining the Estimated Closing Date Net Working Capital and by the Parties for purposes of determining Closing Date Net Working Capital for purposes of the Purchase Price Adjustment Statement. If the Sellers and Buyer cannot agree on the results of such count, the Sellers shall use their calculation of the Inventory Amount for purposes of determining the Estimated Closing Date Net Working Capital and Buyer shall use its calculation of the Inventory Amount for purposes of determining Closing Date Net Working Capital for purposes of the Purchase Price Adjustment Statement, and any disputes shall then be settled by the Accounting Expert in accordance with Section 2.3(e).

Inventory Amount shall have the meaning set forth in Exhibit E hereto.