Inventory Book Value definition

Inventory Book Value means Scotts' standard cost at the time of production (including provision for the cost of shipping from the production facility to the distribution warehouse), as reflected in Scotts' books and records.

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Inventory Book Value means all Inventory which has been appropriately valued on the basis of the lower of historical cost or market standards consistent with GAAP and determined in accordance with such procedures and assumptions to the reasonable satisfaction of Purchaser and Sellers. Notwithstanding anything in this Agreement to the contrary, the term "Inventory", for purposes of determining the Inventory Book Value only, shall exclude all such items which are Slow Moving Inventory.

Inventory Book Value means the value of the Eligible Inventory as determined quarterly by Borrower in accordance with GAAP and based upon Borrower's inventory position as reported by Borrower in its quarterly filings with the Securities and Exchange Commission.

Examples of Inventory Book Value in a sentence

In the event the Final Statement ---------------------------- reflects an increase in the actual cost of the Inventory, the aggregate Book Value of the Fixed Assets, the amount paid in Paid Time Off or the Advertising Allowance, the Purchase Price shall be adjusted upward (i) on a dollar for dollar basis for any increase in the cost of Inventory, Book Value of the Fixed Assets, or amount paid in Paid Time Off, and (ii) one dollar for every two dollar increase in Advertising Allowance.
In the event that the Final Statement reflects a decrease in the actual cost of the Inventory, the aggregate Book Value of the Fixed Assets, the amount paid in Paid Time Off or the Advertising Allowance, the Purchase Price shall be adjusted downward (i) on a dollar for dollar basis for any decrease in the cost of Inventory, Book Value of the Fixed Assets, or amount paid in Paid Time Off, and (ii) one dollar for every two dollar decrease in Advertising Allowance.
At least five Business Days prior to the Closing Date, Seller shall deliver to Buyer a statement (the Estimated Closing Statement) setting forth Seller’s good faith estimate of the Inventory Book Value (the Estimated Inventory Book Value) and, based thereon, its good faith estimate of the Purchase Price (such estimated amount, the Estimated Purchase Price).
The determination of the Purchase Price by the Accounting Firm and the statement prepared by the Accounting Firm setting forth such determination will, absent manifest error, be final and binding on the Parties as the Final Inventory Book Value, the Final Purchase Price and the Final Closing Statement, respectively, and judgment may be entered upon such determination and statement in any court of competent jurisdiction.
The Purchase Price will be (i) decreased by the amount, if any, by which the Closing Inventory Book Value is less than the Target Closing Inventory Book Value, or (ii) increased by the amount, if any, by which the Closing Inventory Book Value is greater than the Target Closing Inventory Book Value.
Based on such Physical Inventory, Purchasers shall reasonably determine the amount of the Inventory Book Value as of the Closing Date, subject to Sellers' reasonable approval and taking into account the results of such Physical Inventory and the presence or absence of Inventory.

More Definitions of Inventory Book Value

Inventory Book Value means all Inventory valued on the basis of Sellers' -------------------- historical cost and determined in accordance with the procedures and assumptions set forth in Section 2.2 hereof.

Inventory Book Value means the book value of the Inventory as of as of 12:01 a.m. (local time wherever applied) on the Closing Date, as determined in accordance with GAAP. IRS means the United States Internal Revenue Service.

Inventory Book Value means all inventory which has been appropriately -------------------- valued on the basis of the lower of historical cost or market standards consistent with GAAP and determined in accordance with such procedures and assumptions to the reasonable satisfaction of Purchaser and Sellers. Notwithstanding anything in this Agreement to the contrary, the

Inventory Book Value has the meaning specified in Section 3.3(a).