Inventory Balance definition

Inventory Balance has the meaning set forth in Section 2.08(d).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Inventory Balance means the dollar value of the Inventory as of the date of measurement, based on such standard costs of Seller or an Affiliate(s) of Seller as are specified herein for purposes of such measurement.

Inventory Balance shall have the meaning set forth in Section 3.03(d).

Examples of Inventory Balance in a sentence

Daily/Weekly Sales/Cash Reports, as determined by Lender, with Inventory Balance.
UGI also agrees to pay all property taxes, if any, levied on storage inventories held under storage contracts released under this Agreement up to the Storage Equivalent Inventory Balance.
If the amount of the Inventory Balance is less than zero, then Seller shall pay to Buyer, without offset or deduction, an amount equal to such deficit by wire transfer of immediately available funds to such account or accounts of Buyer, as may be designated by Buyer.
Each Delivery Day, Manager shall report the Storage Equivalent Inventory Balance to reflect the SEIQ and SEWQ applicable to such day.
To the extent necessary, the Closing Inventory Balance shall contain prices for any Inventory that did not appear on the Preliminary Inventory Balance and Buyer agrees to purchase, accept and pay for such Inventory at the prices set forth therein.
Buyer and Seller agree that the Closing Inventory Balance will include Inventory purchased by Seller pursuant to Open Purchase Orders.
If the amount of the Inventory Balance is less than zero, then Seller shall pay, or cause to be paid, to Buyer, without offset or deduction, an amount equal to the absolute value of the Inventory Balance by wire transfer of immediately available funds to such account or accounts of Buyer as may be designated by Buyer.
Seller agrees to sell and Buyer agrees to purchase, accept and pay for such Inventory as Buyer incorporates such Inventory into Products at prices set forth on the Preliminary Inventory Balance.
If the Storage Equivalent Inventory Balance is less than the Storage Operator's Inventory Balance by an amount greater than or equal to 3,000 Dth, UGI shall reimburse Manager for the difference.
All undisputed amounts of the Inventory Balance shall be paid by the relevant Party to the other Party within five Business Days of the Inventory Notice Date.

More Definitions of Inventory Balance

Inventory Balance has the meaning set forth in Section 5.7(i).

Inventory Balance as of a given date shall mean the portion of the amount shown on the balance sheet of FRC as "Inventories" that is allocable to the Purchased Locations. The Inventory Balance of FRC as of the date of the Interim Balance Sheet (the "Initial Inventory Balance"), without regard to any reserve or impairment taken with respect to Parent's exit from the FRC Business, was One Hundred Four Million

Inventory Balance shall have the meaning ascribed thereto in Section 3.2 hereof.

Inventory Balance has the meaning set forth in Section 2.08(f).

Inventory Balance as of a given date shall mean the portion of the amount shown on the balance sheet of FRC as “Inventories” that is allocable to the Purchased Locations. The Inventory Balance of FRC as of the date of the Interim Balance Sheet (the “Initial Inventory Balance”), without regard to any reserve or impairment taken with respect to Parent’s exit from the FRC Business, was One Hundred Four Million Two Hundred Thirty-Eight Thousand Six Hundred Seventy-Nine Dollars ($104,238,679).