Missing Inventory definition

Missing Inventory means Inventory shown on the combined perpetual inventory listing of the Company and the Related Entities at October 25, 1997 (or such other date on which the applicable inventory is taken), which is missing or not accounted for in the physical inventory.
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Missing Inventory has the meaning set forth in Section 3.3(b).
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Missing Inventory shall have the meaning set forth in Section 2.6( c)(i).
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Examples of Missing Inventory in a sentence

  • To the extent that the net book value of any Missing Inventory is greater than $150,000, the Cash Purchase Price will be reduced dollar for dollar by the amount of such shortfall applicable to Inventory owned by the Company.

  • If the Physical Inventory reflects that an item of Inventory is missing (i.e., not located at the Seller's Facilities or not within the possession or control of Seller) (collectively, the "MISSING INVENTORY"), such Missing Inventory will not be included within the Inventory for purposes of calculating the Final Purchase Price Adjustment.

  • Missing Inventory Report List all active Sales Representatives who failed to submit an inventory for a specified inventory schedule Quantity On Hand Report List all the products in Sales Representative’s possession as of run date based on the transactions received.

  • Not later than seven Business Days after the Closing Date, Buyer will deliver a notice (the “Inventory Statement”) to Seller setting forth (i) a list of the Inventory (if any) set forth on Exhibit A-3 that was not received by Buyer at Closing (the “Missing Inventory”) and (ii) the amount by which the value of the Missing Inventory (based on the Scheduled Value) exceeds $50,000 (such amount, the “Inventory Amount”).


More Definitions of Missing Inventory

Missing Inventory means Inventory shown on the combined perpetual inventory listing of the Company and the Related Entities at October 25, 1997 (or such other date on which the applicable inventory is taken), which is missing or not accounted for in the physical inventory. In addition, the Cash Purchase Price will be reduced dollar for dollar to the extent shareholders' equity of the Company at October 31, 1997, is less than $22,659,757 (excluding non-cash year- end tax accruals).
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