Inventory Estimate definition

Inventory Estimate shall have the meaning ascribed to such term in Section 2.6 hereof.
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Inventory Estimate shall have the meaning set forth in Section 4.4(a) hereof.
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Inventory Estimate shall have the meaning set forth in Section 2.2(a).
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Examples of Inventory Estimate in a sentence

  • In addition to the amounts paid under Section 1.05(a) above, Buyer shall pay to Seller, by bank wire transfer in immediately available funds to such bank account as is designated in writing by Seller at Closing, a non-refundable payment in the amount of Two Hundred Fifty Thousand Dollars ($250,000) (the "Facility Inventory Estimate").

  • The Facility Inventory Estimate represents a good faith estimate of the direct cost of Seller's raw material, works-in-process and finished goods inventory that has a minimum of two (2) years shelf life remaining as of the Closing Date that is located in one of Seller's facilities at the time of the Closing, as set forth in Schedule 1.05(b) (collectively "Facility Inventory").

  • In the event of any disagreement with respect to the Audit and Inventory Estimate (Section 2.7) or any post-closing prorations (Section 2.9), the parties hereby agree that such dispute shall be submitted to the accounting firm ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ LLP, or its successors, to act as sole arbitrator and to decide all points of disagreement with respect to the Audit, Inventory Estimate or any post-closing prorations.

  • Upon completion of the Audit, and the determination of the Cost of the Inventories, which shall be completed no later than thirty (30) calendar days after the First Closing, if Cost exceeds the Inventory Estimate, Purchaser shall pay the difference to Seller immediately, and if Cost is less than the Inventory Estimate, Purchaser shall deduct the difference from the Second Closing Purchase Price (defined herein).

  • The parties agree to reduce the Inventory Estimate of $167,660,020.74 provided by Sellers to Purchaser on February 24, 2003 by the amount of $22,862,500 in order to exclude from Inventory a Saharan Blend crude oil cargo that will now be arriving after the Effective Time.

  • At Closing, the Purchaser shall pay to Seller (i) $19,000,000 of the Purchase Price, (ii) an amount equal to ninety-eight percent (98%) of Seller's book cost of current Inventory ("Inventory Estimate"), (iii) an amount equal to the Change Fund, and (iv) an amount equal to the face value of the Fleet Card Receivables.

  • Upon completion of the Audit and the determination of Cost, if Cost exceeds the Inventory Estimate, Purchaser shall pay the difference to Seller, and if Cost is less than the Inventory Estimate, Seller shall pay the difference to Purchaser, in either case by wire transfer of immediately available funds to an account designated in writing by Seller.

  • Promptly following Closing, the Parties will determine (the “Final Inventory Calculation”) any change (the “Inventory Adjustment”) in the Closing Inventory Estimate as of the closing time of each of the Stores on the Business Day prior to the Closing Date (“Final Inventory Time”).

  • The Facility Inventory Estimate represents a good faith estimate of the direct cost of Seller’s raw material, works-in-process and finished goods inventory that has a minimum of two (2) years shelf life remaining as of the Closing Date that is located in one of Seller’s facilities at the time of the Closing, as set forth in Schedule 1.05(b) (collectively “Facility Inventory”).

  • At Closing, the Purchaser shall pay to Seller the $50,000,000 portion of the Purchase Price and an amount equal to 98.5% of Seller's book cost of current Inventory ("Inventory Estimate") by wire transfer of immediately available funds to an account designated by Seller.

Related to Inventory Estimate

  • Inventory Value means the cost of property purchased by the trustee and the market value of other property at the time it became subject to the trust, but the trustee may use any value finally determined for the purposes of an estate or other transfer tax;

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Inventory Appraisal means the most recent inventory appraisal conducted by ▇▇▇▇▇▇ ▇ or another independent appraisal firm and delivered pursuant to Section 5.07(c) hereof.

  • Inventory Formula Amount means (i) the lesser of (x) 75% of the Value of Eligible Inventory and (y) 85% of the NOLV Percentage of the Value of Eligible Inventory plus (ii) the lesser of (x) the lesser of (1) 75% of the Value of Eligible In-Transit Inventory and (2) 85% of the NOLV Percentage of the Value of the Eligible In-Transit Inventory and (y) $10,000,000.

  • Obsolete Inventory means items that have expired, are redundant or damaged;