Definition of Pre-Closing Inventory Reserve

  1. Pre-Closing Inventory Reserve means the aggregate amount of reserves applicable to the Pre-Closing Inventory, calculated in accordance with GAAP, consistently applied, as reflected in Seller's historical audited financial statements.

Definition of Pre-Closing Inventory Reserve in Asset Purchase Agreement

Pre-Closing Inventory Reserve means the aggregate amount of reserves applicable to the Pre-Closing Inventory, calculated in accordance with GAAP, consistently applied, as reflected in Seller's historical audited financial statements.