Merchandise Liabilities definition

Merchandise Liabilities means Sellers’ current cost of products and services that have been sold, but have not yet been delivered to the customer.
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Merchandise Liabilities means the current cost of products and services that have been sold by the cemeteries included in the Business, but have not yet been delivered to the customer.
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Merchandise Liabilities represents the agreed current cost of products and services of SCI and Seller that have been sold, but have not yet been delivered to the customer, as reflected in the final results of the data conversion to be completed within 120 days of the Closing Date.
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Examples of Merchandise Liabilities in a sentence

  • No later than ten (10) days after the Closing Date, SCI shall deliver to Buyer a detailed statement of Merchandise Liabilities as of the Effective Time of each of the cemeteries included in the Business.

  • No later than ten (10) days after the Closing Date, Seller shall deliver to Buyer a detailed statement of Merchandise Liabilities as of the last day of the quarter immediately preceding the Closing Date as reflected in the Audit Report of all of the cemeteries included in the Owned Location and each of the Managed Locations.

  • For purposes of this Agreement, the term “Base Gross AR Amount” means the aggregate amount of the gross accounts receivable of the Business as reflected in the final results of the data conversion to be completed within 120 days of the Closing Date, and the term “Base Net Merchandise Trust Amount” means the Net Transferred Merchandise Trust Amount minus the aggregate amount of the Merchandise Liabilities of the Business.