Inventory Take definition
Inventory Take means the physical stock take of all inventory acquired by Buyer pursuant to Section 2.3(c) to be conducted by Buyer, Sellers and their respective representatives within seven (7) days following the Closing, or such other date as may be otherwise mutually agreed by the Parties. The Inventory Take shall be conducted in a manner consistent with the procedures and policies used in the annual physical inventory takes conducted by the Company during the Company’s immediately prior fiscal year; provided, however, that in any event, the Inventory Take shall be conducted for all locations where inventory of the Company and the Subsidiaries exists and that, in locations where all or certain inventory items were not counted during such immediately prior fiscal year, Buyer and Sellers shall mutually agree within two (2) days following the Closing as to whether such inventory should be excluded from Inventory Take physical stock take procedures and any such inventory that is not physically counted shall be valued at the value reflected in the Company's business ERP system for the purposes of the Inventory Take.
Inventory Take means the physical stock take of all inventory acquired by Buyer pursuant to S ection 2.3(c) to be conducted by Buyer, Sellers and their respective representatives within seven (7) days following the Closing, or such other date as may be otherwise mutually agreed by the Parties. The Inventory Take shall be conducted in a manner consistent with the procedures and policies used in the annual physical inventory takes conducted by the Company during the Company’s immediately prior fiscal year; provided, h owever, that in any event, the Inventory Take shall be conducted for all locations where inventory of the Company and the Subsidiaries exists and that, in locations where all or certain inventory items were not counted during such immediately prior fiscal year, Buyer and Sellers shall mutually agree within two (2) days following the Closing as to whether such inventory should be excluded from Inventory Take physical stock take procedures and any such inventory that is not physically counted shall be valued at the value reflected in the Company's business ERP system for the purposes of the Inventory Take.
Examples of Inventory Take in a sentence
Buyer and Sellers shall conduct the Inventory Take within seven (7) days following the Closing Date, or on such other date as may be otherwise mutually agreed by the Parties.