Examples of Pre-Closing Inventory in a sentence
Buyer will have the right to observe, at its own expense, each aspect of the Pre-Closing Inventory Count; provided that, in so doing, Buyer will use reasonable efforts to minimize any interference with the ongoing operations of the Business.
If the Actual Inventory on hand as of the date of such Pre-Closing Inventory Inspection is equal to or greater than the Target Inventory, then no adjustment to the Purchase price shall be made.
The Seller, Majority Shareholders and the Purchaser shall use commercially reasonable efforts to agree in writing on the aggregate Value of the Pre-Closing Inventory as of the Inspection Date (the “Pre-Closing Inventory Value”).
The Pre-Closing Inventory Statement shall be prepared by Seller in accordance with the provisions of Section 2.6.
Seller caused the Company to conduct a physical inventory as of March 7, 1999 (the "Pre-Closing Inventory"), the results of which shall be accurately reflected in the Preliminary Closing Balance Sheet.
The Pre-Closing Inventory and all adjustments through the Closing Date shall be valued using the "First In, First Out" valuation method.
The Pre-Closing Inventory was conducted in accordance with the Company's past practices and will be accurately reflected in the Preliminary Closing Balance Sheet.
On October 24, 2018, LG&E and KU entered into a Coal Feedstock Purchase Agreement, Coal Handling and Consulting Agreement, Environmental Indemnity Agreement, License and Services Agreement, Notice of Commercial Operations, Pre-Closing Inventory Purchase Agreement, Refined Coal Supply Agreement, and Security Agreement (“Agreements”) with Trimble Clean Fuels, LLC, which is managed by a wholly owned subsidiary of Tinuum Group, LLC (Tinuum was formerly known as Clean Coal Solutions, LLC).
The remaining payment due to Seller for Seller’s Inventory (the “Remaining Inventory Payment”; together with the Closing Date Inventory Payment, the “Inventory Payments”) shall be payable by Purchaser on net 25 day terms and be an amount equal to the Pre-Closing Inventory Value minus the Closing Date Inventory Payment.
After the date hereof but prior to the Closing Date, Seller, at its expense, will conduct and complete a physical inventory count of the inventory of the Business located in the U.S. (the "Pre-Closing Inventory Count").