Inventory Date definition

Inventory Date means the date of completion of the Inventory (as defined in Section 4.1 hereof), which shall be not sooner than five (5) days prior to the Closing Date, or such later date prior to the Closing as is mutually agreed by the Sellers' Agent and the Buyer.

Inventory Date has the meaning set forth in Section 2.4.

Inventory Date shall have the meaning set forth in Section 4(a) hereof.

Examples of Inventory Date in a sentence

• Agencies shall enter the most recent inventory date using the Last Inventory Date Update (FADU) table within IFS.

• Consistent with Section 4.4, as of the close of business on the Inventory Date, which shall be five (5) business days prior to the Closing Date, all of the Purchased Assets shall be determined by a physical count, listing and/or evaluation by representatives of both Seller and Purchaser.

• The Seller shall be solely liable for any discrepancy between book inventory and physical inventory of refined products at each of the Terminals as of the Inventory Date (whether such discrepancy is based upon the inventory records of the Terminals or the inventory records of customers of the Terminals).

• The Inventory Reconciliations shall include, for each refined product at the applicable Terminal, the beginning physical inventory shown on such month-end report regularly prepared by the Seller or its Affiliates (the “Starting Inventory”), receipts into inventory, deliveries from inventory, the ending book inventory, the ending physical inventory and any gain or loss in inventory for the period between the date of the Starting Inventory and the Inventory Date.

• The piles of Unprocessed Inventory observed and measured on the Inventory Date are located on level ground and are comprised solely, throughout the pile, of the quality and grade of material visible on the outer surface of the pile.

More Definitions of Inventory Date

Inventory Date shall have the meaning set forth in Section 3.2(a), below.

Inventory Date has the meaning set forth in §2.2(b) below.

Inventory Date means the day immediately prior to the Closing Date, when representatives of Buyer and Seller shall jointly make a physical inspection and count of the Inventory, at the location of the Pharmacy, and determine the value of the Inventory.

Inventory Date has the meaning set forth in Section 3.3.

Inventory Date has the meaning Section 6.20 specifies.

Inventory Date means the close of business on March 28, 1998.

Inventory Date means a date not more than 5 business days preceding the Closing on which a physical inventory is taken pursuant to Section 3.2(a).