Saleable Inventory definition

Saleable Inventory means all of the Company’s parts and products intended for sale to third parties existing as of the Closing that are sold during the period beginning on the Closing and ending ninety (90) days after the Closing.

Saleable Inventory means all Merchandise that is first ------------------ quality inventory and all Merchandise located at the Stores (but not the Warehouses) that is less than first quality inventory but that is on the selling floor and is saleable in the ordinary course, including samples and displays that are not Defective Merchandise.

Saleable Inventory means Amari's inventory that (i) is in good condition and undamaged and (ii) can be sold in usual commercial channels.

Examples of Saleable Inventory in a sentence

• Buyer and Seller will each pay half of the Independent Auditor’s fees and costs relating to the determination of the Saleable Inventory Value, including the costs of any appraisers or other experts retained by the Independent Auditor to assist in determining the Saleable Inventory Value.

• During that thirty-day period, Buyer shall provide Seller and Seller’s accountants and other advisors with reasonable access to the books, records, and other source materials Buyer used to calculate the Saleable Inventory Value, but Buyer will have no obligation to provide any materials covered by the attorney-client privilege or any work product, summaries, memorandums, or other analyses prepared by Buyer or on Buyer’s behalf.

• If Buyer does not timely deliver a Buyer Objection, the Saleable Inventory Value provided for under the Adjustment Notice will be binding and conclusive concerning the parties.

• If Seller does not timely deliver an Adjustment Notice, the Saleable Inventory Value set forth in the Buyer’s Calculation will be binding and conclusive concerning the parties.

• At the Closing, Buyer shall pay Seller, in cash or immediately available funds, an amount equal to (i) Seven Hundred Twenty Thousand Dollars ($720,000.00), plus (ii) a portion of the Saleable Inventory Value equal to the Estimated Closing Saleable Inventory Value Payment (“Closing Purchase Price Payment”).

More Definitions of Saleable Inventory

Saleable Inventory means all packaged Product;

Saleable Inventory means: (A) the finished goods of the Products held for sale by or for the benefit of NCP that are in good and merchantable condition; (B) Xxxxxxx Xxxxx’x’ stock of labels and packaging that is current and useable in the production of the Products for commercial sale; (C) any production samples of the Products being held for stability and production control; and (D) any components of Saleable Inventory specifically identified in the executed Purchase Agreement. NCP agrees to purchase all existing inventory from Xxxxxxx Xxxxx to fulfill consumer and customer orders as long as the inventory remains in a condition suitable for sale. o NCP must continuously maintain for the entire “Royalty Period” (as hereinafter defined), product liability insurance in the amount of no less than two million dollars ($2,000,000), which policy must, at a minimum, cover claims regarding all covered products regardless of who manufactured same. NCP further agrees to name Xxxxxxx Xxxxx as an additional insured under all such policies. o NCP agrees that, notwithstanding the amount of the actual Adjusted Gross Receipts for Covered Products, it shall pay Xxxxxxx Xxxxx a Minimum Royalty Payment of five hundred dollars ($500.00) per month for all Covered Products sold during the monthly period. The monthly Minimum Royalty Payment will be calculated against actual Royalty Payments on an annual basis. The Minimum Royalty Payment will only be provided to Xx. Xxxxx in the case that current fiscal year to date payment is below the defined Minimum Royalty Payment terms. This Minimum Royalty Payment will become effective on April 1, 2012 and continue in effect for the full twenty year duration of the Royalty Period The Royalty Payments shall be paid without set-off or deduction of any kind. Upon successful sale of the product line as defined below, Xxxxxxx Xxxxx will not be entitled to Royalty Payments beyond this transaction date. o

Saleable Inventory means all inventory of the Products in condition acceptable to the trade customers and not more than 360 days old.

Saleable Inventory means Inventory identified in A nnex H that (a) is in the physical condition to be sold to customers in

Saleable Inventory shall have the meaning specified in paragraph 4(a).

Saleable Inventory means undamaged Products (including, without limitation, packaging) that are within 90 days of the respective Brewers' currently published date code criteria and applicable freshness policies. Saleable Inventory will be delivered f.o.b. Seller's Brooklyn plant, loaded onto Purchaser's trucks, at which time Purchaser will pay Seller for same as it is delivered. Saleable Inventory will be delivered to

Saleable Inventory means that portion of the Seller's total inventory as set forth in Exhibit G which has a remaining shelf life of not less than three (3) months and which is projected to be sold within the twelve (12) months following the date hereof based upon the projected sales volume of such inventory as set forth in Exhibit G.