Inventory Taker definition

Inventory Taker means RGIS.
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Inventory Taker has the meaning set forth in Section 2.6(a). “IP Assignment and Assumption Agreement” has the meaning set forth in Section 2.5(a)(iv). “IRS” means the U.S. Internal Revenue Service. “Kips Bay Inventory, Cash and Prepaid Amount” has the meaning set forth in Section 2.3(a)(vi). “Kips Bay Store” means the Store operated by Sellers at ▇▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇. “Knowledge of Sellers” means the actual knowledge of the individuals identified on Section 1.1 of the Disclosure Schedule under the heading “Knowledge Parties”. “Law” means any constitution applicable to, and any statute, treaty, code, rule, regulation, ordinance, or legally binding requirement of, any Governmental Authority. 10
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Examples of Inventory Taker in a sentence

  • Each Party shall be entitled to have representatives present during the inventory and the fees and expenses of the Inventory Taker shall be borne fifty percent (50%) by Buyer and fifty percent (50%) by Sellers.

  • The Inventory Taker shall value all Inventory carried in the Stores and the PDC on the Inventory Date, excluding the Excluded Inventory (but including any portion or all of the Excluded Inventory that Buyer deems Inventory), at the percentages set forth on Section 2.6(b) of the Disclosure Schedule (such value, the “Inventory Purchase Price”).

  • The Inventory Taker shall conduct the physical count of the Inventory in accordance with instructions set forth in Section 2.6 of the Disclosure Schedule and otherwise in accordance with the terms and conditions of this Section 2.6 and the usual and customary practices of the industry (and according to the Inventory Taker’s established inventory policies and procedures, copies of which shall be furnished to Buyer and Sellers prior to the Inventory Date).

  • The Inventory Taker shall value all Inventory carried in the Stores on the applicable Inventory Date, excluding the Excluded Inventory, at the book valuation method used to value the Inventory set forth on Section 2.8(e) of the Disclosure Schedule (the “Closing Inventory Valuation”).

  • The parties shall cause an Inventory Taking to be conducted by the Inventory Taker (each as defined in the Agency Agreement) in accordance with the terms of the Agency Agreement.

  • Buyer, Sellers and Agent will direct the Inventory Taker to deliver the Inventory Report no later than seven (7) calendar days, if practicable, after the completion of the Inventory Taking.