Inventory Shortfall Amount definition

Inventory Shortfall Amount shall have the meaning set forth in Section 2.7(g)(i).
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Inventory Shortfall Amount means an amount equal to the difference between the book
Sample 1
Inventory Shortfall Amount means an amount equal to the difference between the book value of the inventory purchased on the Closing Date and $3,300,000, multiplied by .20 (or 20%).
Sample 1

Examples of Inventory Shortfall Amount in a sentence

  • The Note shall be subject to the provisions of this Agreement, and Designs and Buyer may set-off against any amount outstanding under the Note the amount of any Inventory Shortfall Amount (as defined below) or any claim or indemnification payable by Seller or the Stockholders to Designs or Buyer under the terms of this Agreement.

  • The remaining balance, if any (the "Inventory Shortfall Amount"), still owed to Buyer after such payment from the Inventory Holdback Fund shall be paid by Seller to Buyer by certified or bank check or wire transfer of funds to an account designated by Buyer within two (2) business days of Buyer's written demand.

  • In the event that the Prepaid Inventory Shortfall Amount is a positive number, Buyer’s obligations to assume the Severance Reimbursement Obligations and the Assumed 503(b)(9) Claims shall be reduced dollar for dollar by the Prepaid Inventory Shortfall Amount in the following order, until the aggregate amount of all such reductions is equal to the Prepaid Inventory Shortfall Amount: first, the Severance Reimbursement Obligations and second, the Assumed 503(b)(9) Claims.

  • The Debtors and their financial advisor reasonably relied upon that same methodology to calculate a $62,573,124 Prepaid Inventory Shortfall Amount and a $0 Specified Receivables Shortfall Amount.

  • As discussed above, the Buyer’s obligation to assume up to $139 million of 503(b)(9) Claims may be reduced, inter alia, by a Prepaid Inventory Shortfall Amount, a Specified Receivable Shortfall Amount, or Warranty Receivables Shortfall Amount.

  • At Closing, the Debtors delivered $84,426,880 in Prepaid Inventory, resulting in a$62,573,124 Prepaid Inventory Shortfall Amount.

  • Employing the accounting methodology used by the parties to set the APA’s targets for Prepaid Inventory and Specified Receivables, the Prepaid Inventory Shortfall Amount is $62,573,124 and the Specified Receivables Shortfall Amount is $0.

Related to Inventory Shortfall Amount

  • Collateral Shortfall Amount is defined in Section 8.1.

  • Available Funds Shortfall Amount means, as of any Payment Date, the amount, if any, by which the aggregate amount required to be paid pursuant to clauses first through twelfth of Section 4.4(a) of the Sale and Servicing Agreement exceeds the Available Funds for such Payment Date.

  • Substitution Shortfall Amount As defined in Section 2.03(d).

  • Shortfall Amount as defined in Section 2.6.

  • Prepayment Interest Shortfall Amount With respect to any Mortgage Loan that was subject to a Principal Prepayment in full or in part during any Due Period, which Principal Prepayment was applied to such Mortgage Loan prior to such Mortgage Loan’s Due Date in such Due Period, the amount of interest (net of the General Servicing Fee) that would have accrued on the amount of such Principal Prepayment during the period commencing on the date as of which such Principal Prepayment was applied to such Mortgage Loan and ending on the day immediately preceding such Due Date, inclusive.

  • Available Funds Shortfall As defined in Section 3.03(b)(ii)(A).

  • Unpaid Interest Shortfall Amount With respect to the Class A Certificates and the Mezzanine Certificates and (i) the first Distribution Date, zero, and (ii) any Distribution Date after the first Distribution Date, the amount, if any, by which (a) the sum of (1) the Monthly Interest Distributable Amount for such Class for the immediately preceding Distribution Date and (2) the outstanding Unpaid Interest Shortfall Amount, if any, for such Class for such preceding Distribution Date exceeds (b) the aggregate amount distributed on such Class in respect of interest pursuant to clause (a) of this definition on such preceding Distribution Date, plus interest on the amount of interest due but not paid on the Certificates of such Class on such preceding Distribution Date, to the extent permitted by law, at the Pass-Through Rate for such Class for the related Accrual Period.

  • Working Capital Shortfall means the amount by which the Anticipated Working Capital Amount exceeds Minimum Net Operating Working Capital.

  • Net Interest Shortfall With respect to any Distribution Date, the Interest Shortfall, if any, for such Distribution Date net of Compensating Interest Payments made with respect to such Distribution Date.

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

  • Deficiency Amount shall have the meaning set forth for such term in Section 4.03(a) hereof. “Department” shall mean the South Carolina Department of Revenue.

  • Daily Principal Shortfall means, on any date of determination, the excess of the Monthly Principal Payment for the Monthly Period relating to such date over the month to date amount of Collections processed in respect of Principal Receivables for such Monthly Period allocable to investor certificates of all outstanding Series, not subject to reallocation, which are on deposit or to be deposited in the Principal Account on such date.

  • Finance Charge Shortfall shall have the meaning specified in Section 4.09.

  • Net Aggregate Prepayment Interest Shortfall With respect to any Distribution Date, the amount, if any, by which (a) the aggregate of all Prepayment Interest Shortfalls incurred in connection with the receipt of Principal Prepayments on the Mortgage Loans during the related Due Period, exceeds (b) the aggregate amount deposited by the Master Servicer in the Certificate Account for such Distribution Date pursuant to Section 3.19 in connection with such Prepayment Interest Shortfalls.

  • Excess Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date.

  • Excess Cash Flow Payment Date means the date occurring 90 days after the last day of a fiscal year of the Parent (commencing with its fiscal year ending December 31, 2000).