Negative Inventory Adjustment definition
Negative Inventory Adjustment means the absolute value of the amount by which Closing Inventory is less than December 2018 Inventory.
Examples of Negative Inventory Adjustment in a sentence
The WAG Transaction shall have closed in accordance with the WAG Agreement and the Company shall have received at least $17,750,000 in cash proceeds from WAG, subject to an adjustment based on the Negative Inventory Adjustment Amount (as defined in the WAG Agreement) and such other adjustments under the WAG Agreement.