Shipped Inventory definition

Shipped Inventory means all finished goods inventory owned by Seller or any of its Affiliates and manufactured by the Business prior to the Closing Date, and (i) located outside the State of Florida as of the Closing Date or (ii) that has been loaded for shipment and for which a ▇▇▇▇ of lading has been issued as of the Closing Date.
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Shipped Inventory means the portions of the Closing Inventory shipped on or after the Closing Date by Seller (or one of its Affiliates) to or for the account of the Company.
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Shipped Inventory shall have the meaning set forth in Section 2.6(i).
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Examples of Shipped Inventory in a sentence

  • If the Shipped Inventory Value is determined in all of the Finished Goods Evaluations plus the Retained Goods Evaluation to be less than $1,245,000 in the aggregate, then the Parent shall refund the difference between $1,245,000 and such determined value to the Purchaser on a dollar-for-dollar basis within thirty (30) days of the date of the final Finished Goods Evaluation.

  • The value of the Shipped Inventory (“Shipped Inventory Value”) shall be determined using the unit cost as set forth on Schedule 2.7(e).

  • If the Shipped Inventory Value is determined in all of the Finished Goods Evaluations plus the Retained Goods Evaluation to be greater than $1,245,000, then the Purchaser shall pay to the Seller Group the difference between such determined value and $1,245,000 on a dollar-for-dollar basis within thirty (30) days of the date of the final Finished Goods Evaluation.

  • The Seller Group and the Purchaser shall each bear 50% of the cost of the shipment of the Shipped Inventory.

  • Inventory shall conclusively be deemed Bailed Inventory to the extent such Inventory is reflected on the bills of lading or other shipping documents prepared by Seller and accompanying such shipment, and shall be valued as provided therein, unless, within five business days of receipt by Buyer, Seller receives written notice containing a detailed explanation of Buyer's objection to the Shipped Inventory.

  • Notwithstanding the foregoing, the Shipped Inventory that (i) is damaged, open, a non-sellable sample or evaluation inventory that is held for sales representatives or (ii) has a remaining shelf life of less than one year shall be valued at $0.

  • Except in the case of the Retained Inventory promptly following receipt of each shipment, the Purchaser shall cause to be taken a SKU and physical inventory of the Shipped Inventory contained in such shipment (each a “Finished Goods Evaluation”).