New Inventory Amount definition

New Inventory Amount means the purchase price (net of shipping costs, insurance and taxes) paid by the Seller to Lentzy Investments or any of its Affiliates in cash for New Inventory, less the New Inventory Cash Receipts.
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Examples of New Inventory Amount in a sentence

  • In making such calculation, the Independent Auditor shall consider only those items or amounts in the Closing Statement and Purchaser’s calculation of Closing New Inventory Amount as to which Seller has disagreed in its notice of disagreement duly delivered pursuant to Section 3.4(b).

  • Each of Seller and Purchaser agree that it shall not engage, or agree to engage the Independent Auditor to perform any services other than as the Independent Auditor pursuant hereto until the Closing New Inventory Amount has been finally determined pursuant to this Section 3.4. Each Party agrees to execute, if requested by the Independent Auditor, a reasonable engagement letter.

  • Seller shall be deemed to have agreed with all other items and amounts contained in the Closing Statement and the calculation of Closing New Inventory Amount for which a notice of disagreement has not been delivered by Seller to Purchaser within such ten (10) day period.