Inventory Deficiency definition

Inventory Deficiency means the amount, if any, by which the Inventory Threshold exceeds the Closing Inventory.
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Inventory Deficiency shall have the meaning as defined in Section 2.1.
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Examples of Inventory Deficiency in a sentence

  • Lessee shall surrender the Leased Property with the amount of Inventory required by Section 6.2(b), or otherwise pay Lessor for the amount of the Inventory Deficiency as provided in that Section.

  • In the event that the amount of Inventory at the time of such expiration or termination is less than that provided by Lessor on the date hereof (an "Inventory Deficiency"), Lessee shall promptly pay to Lessor the amount equal to the Fair Market Value of the Inventory Deficiency.

  • As provided in Section 1.3(b), the Payment shall take into account any Inventory Deficiency determined in accordance with Section 1.7(b) below.

  • The Purchaser acknowledges and agrees that the Indemnity Deposit is the sole source of funding to satisfy the Seller's Inventory Deficiency and under no circumstances shall the Purchaser be entitled to any amount of the Seller's Inventory Deficiency which exceeds the Indemnity Deposit.

  • The cash portion of the Purchase Price shall also be increased by the amount of any Aggregate Inventory Surplus (as defined and determined below) or decreased by the amount of any Aggregate Inventory Deficiency (as defined and determined below).

  • The Right of Setoff shall be Purchaser’s sole and exclusive remedy against Seller for any Inventory Deficiency Amount.

  • Lessee shall surrender the Leased Property with the amount of inventory required by Section 6.2(b), or otherwise pay Lessor for the amount of the Inventory Deficiency as provided in that Section.

  • The aggregate consideration (hereinafter referred to as "Purchase Price") to be paid by the Purchasers to the Sellers for the sale and transfer of the Business shall be an amount of (euro) 17,000,000 (Seventeen Million Euro), adjusted by any Inventory Deficiency or any Inventory Surplus, as the case may be, payable as hereinafter provided.