Target Inventory Valuation definition

Target Inventory Valuation means the target value of the Inventory as of the Closing Date equal to (i) $450,000 minus (ii) the value of any Inventory of the Company Group that is purchased by Buyer, or any Affiliate of Buyer, between the date of this Agreement and the Closing Date, which value excludes any obsolete (with a remaining shelf life of less than six months), unsellable, damaged or expired items.
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Related to Target Inventory Valuation

  • rand value means the total estimated value of a contract in Rand, calculated at the time of bid invitation, and includes all applicable taxes;

  • Fair Market Value means, as of any date, the value of Common Stock determined as follows:

  • Federal Fiscal Year means the period beginning October 1 and ending September 30 each year, which is the annual accounting period for the United States government.

  • comparative price means the price after the factors of a non-firm price and all unconditional discounts that can be utilized have been taken into consideration;

  • Product means any deliverable under the Contract, which may include commodities, services, technology or software.