Spare Parts Value definition
Spare Parts Value means the sum of the aggregate values of each part included in Spare Parts. With respect to any part included Spare Parts, the aggregate value of such part shall be an amount equal to (i) the total quantity of such part multiplied by (ii) the cost for such part set forth on Schedule 1.1(l).
Spare Parts Value. Total RJ - Mesa" variable
Examples of Spare Parts Value in a sentence
The preparation of the Closing Statement shall be for the sole purpose of determining the difference between (i) the Closing Inventory Value and Estimated Inventory Value and (ii) Closing Spare Parts Value and the Estimated Spare Parts Value.
As promptly as practicable thereafter, but no later than thirty (30) days after the Closing Date, Seller shall, at its expense, cause to be prepared and delivered to Purchaser a closing statement (the "Closing Statement") setting forth Seller's calculation, as of the end of business on the Closing Date, of (i) the Inventory Value (the "Closing Inventory Value") and (ii) Spare Parts Value (the "Closing Spare Parts Value") and for which reasonable supporting documentation and detail shall be provided.