Common use of Inventory Clause in Contracts

Inventory. The inventory of the Company consists of raw materials and supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow moving, obsolete, damaged, or defective, subject only to the reserve for inventory write down set forth on the face of the balance sheet included in the Interim Financial Statements (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The All inventory of the Company consists of raw materials and supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, or defective, subject only to the reserve for inventory write down writedown set forth on the face of the Company's most recent balance sheet included in the Interim Financial Statements (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company consists of raw materials and supplies, manufactured and purchased parts, goods in process, process and finished goods, all of which is merchantable and fit for the purpose purposes for which it was procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, or defective, subject only to the a GAAP reserve for inventory write down set forth on the face of the balance sheet included in the Interim Financial Statements Balance Sheet (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company and its Subsidiaries consists of raw materials and supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufacturedmanufactured in all material respects, and none of which is slow moving, materially obsolete, damaged, or defective, subject only to the reserve for inventory write down writedown set forth on the face of the balance sheet included in the Interim Financial Statements Latest Balance Sheet (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the CompanyCompany and its Subsidiaries.

Inventory. The inventory of the Company consists of raw materials and supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, or defective, subject only to the reserve for inventory write down writedown set forth on the face of the balance sheet included in the Interim Financial Statements Latest Balance Sheet (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company consists of raw materials and supplies, manufactured and purchased processed parts, goods in process, work-in-progress and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, damaged or defective, subject only to the reserve for inventory write down writedown set forth on the face of the Company's balance sheet included in the Interim Financial Statements at December 31, 1998 (rather than or in any notes thereto) ), and as adjusted for the passage of time operations and transactions through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company consists of raw materials and supplies, manufactured and purchased processed parts, goods work in process, and finished goods, all of which is merchantable of a quality and fit for quantity useable and saleable in the purpose for which it was procured or manufactured, normal and none Ordinary Course of which is slow moving, obsolete, damaged, or defectiveBusiness, subject only to the reserve appropriate and adequate reserves for inventory write down set forth on the face down. Section 3.15 of the balance sheet included in the Interim Financial Statements (rather than in any notes thereto) as adjusted for the passage Schedule of time through the Closing Date in accordance with the past custom and practice Exceptions sets forth all of the Company’s inventory including, but not limited to, raw materials, work in progress and finished goods organized by product, including all inventory whether or not included on the Most Recent Balance Sheet.

Inventory. The inventory of the Company and its Subsidiaries consists of raw materials and supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, damaged or defective, subject only to the reserve for inventory write down writedown set forth on the face of the balance sheet included in the Interim Financial Statements Most Recent Balance Sheet (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the CompanyCompany and its Subsidiaries.

Inventory. The inventory of the Company consists of raw materials and ---------- supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, or defective, subject only to the reserve for inventory write down writedown set forth on the face of the balance sheet included in the Interim Financial Statements Most Recent Balance Sheet (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company consists of raw construction materials and supplies, manufactured cartons and purchased parts, goods in process, and other finished goods, which taken as a whole, are in all of which is material respects, merchantable and fit for the purpose for which it was procured or manufacturedthey were procured, and none of which is slow movingand, again taken as a whole are not in any material respect obsolete, damaged, or defective, subject only to except as provided for by the reserve for inventory write down writedown set forth on the face of the balance sheet included in the Interim Financial Statements Most Recent Balance Sheet (rather than in any notes thereto) as adjusted for the passage of time operations and transactions through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company and its Subsidiaries consists of raw materials and supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, or defective, subject only to the reserve for inventory write down writedown set forth on the face of the balance sheet included in the Interim Financial Statements Most Recent Balance Sheet (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company).

Inventory. The inventory of the Company and its Subsidiaries consists of raw materials and supplies, manufactured and purchased processed parts, goods work in process, progress and finished goods, all of which is merchantable of a quality and fit for quantity salable in the purpose for which it was procured or manufacturedordinary course of business, and none of which is slow moving, obsolete, damaged, obsolete or defectiveunsalable, subject only to the reserve for inventory write write-down set forth on the face of the balance sheet included in the Interim Financial Statements (rather than in any notes thereto) Company Balance Sheet as adjusted for the passage of time operations and transactions through the Closing Date in accordance with the past custom and practice of the CompanyCompany and its Subsidiaries.

Inventory. The inventory of the Company consists of raw --------- materials and supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, or defective, subject only to the reserve for inventory write down writedown set forth on the face of the balance sheet included in the Interim Financial Statements Latest Balance Sheet (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company consists Companies consist of raw materials and equipment, materials, supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none a material portion of which is slow moving, neither obsolete, damaged, or nor defective, subject only to the reserve for inventory write down writedown set forth on the face of the balance sheet included in the Interim Most Recent Financial Statements (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the CompanyCompanies.

Inventory. The inventory of the Company consists of raw materials and supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow movingslow-moving (except for parts and components on hand for servicing products already sold), obsolete, damaged, or defective, subject only to defective in excess of the reserve for amount reserved against inventory write down set forth on the face of the balance sheet included in the Interim Financial Statements (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the CompanySeptember Balance Sheet.

Inventory. The inventory of the Company Companies consists of raw materials and supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow moving, obsolete, damaged, damaged or defective, subject only to the reserve for inventory write write-down set forth on the face of the balance sheet included in the Interim Financial Statements (rather than in any notes thereto) Most Recent Balance Sheet as such reserve may be adjusted for the passage of time through in the Closing Date in accordance with the past custom and practice Ordinary Course of the CompanyBusiness.

Inventory. The inventory of the Company and its Subsidiaries consists of raw materials and supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, or defective, subject only to the reserve for inventory write write-down set forth on the face of the balance sheet included in the Interim Financial Statements (rather than in any notes thereto) Balance Sheet, as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the CompanyCompany and its Subsidiaries.

Inventory. The inventory of the Company and its Subsidiaries consists of raw materials and suppliesmaterials, manufactured and purchased processed parts, goods work in process, titanium scrap, and finished goods, all of which is or was, prior to the sale thereof, in good condition, suitable and usable or salable in the Ordinary Course of Business (subject only to the reserve for inventory write-down reflected on the Closing Date Balance Sheet) and merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow moving, obsolete, damaged, or defective, subject only to the reserve for inventory write down set forth on the face of the balance sheet included in the Interim Financial Statements (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company consists of raw materials and supplies, manufactured and purchased processed parts, goods work in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, or defective, subject only to the reserve for inventory write down writedown set forth on the face of the balance sheet included in the Interim Financial Statements (rather than in any notes thereto) Schedule 4.9 as adjusted for the passage of time operations and transactions through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company consists of raw materials and supplies, manufactured and purchased parts, goods in process, process and finished goods, all of which is merchantable and fit for the purpose purposes for which it was procured or manufactured, and none of which is slow moving, obsolete, damaged, or defective, subject only to the a GAAP reserve for inventory write down set forth on the face of the balance sheet included in the Interim Financial Statements Balance Sheet (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company consists of raw materials and supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, subject to any reserves therefor in the Financial Statements and none of which is slow movingmoving (except for parts and components on hand for servicing products already sold), obsolete, damaged, or defective, subject only to the reserve for inventory write down set forth defective in excess of any reserves therefor on the face of the balance sheet included in the Interim Financial Statements (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the CompanyStatements.

Inventory. The All of the inventory of the Company Company, which consists of raw materials and supplies, manufactured and purchased processed parts, goods work in process, and finished goods, all of which is usable, merchantable and fit for the purpose for which it was procured or manufactured, and none of which such inventory is slow slow-moving, obsolete, damaged, or defective, subject only to the reserve for inventory write down set forth on the face of the balance sheet included in the Interim Financial Statements (rather than in any notes thereto) Most Recent Balance Sheet as adjusted for the passage of time operations and transactions through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company consists of raw materials and supplies, manufactured and purchased parts, goods in process, process and finished goods, all of which is merchantable and fit for the purpose purposes for which it was procured or manufactured, and none of which is slow slow- moving, obsolete, damaged, or defective, subject only to the a GAAP reserve for inventory write down set forth on the face of the balance sheet included in the Interim Financial Statements October 30, 2004 Balance Sheet (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company consists of raw materials and --------- supplies, manufactured and purchased parts, goods in process, process and finished goods, all of which is merchantable and fit for the purpose purposes for which it was procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, or defective, subject only to the a GAAP reserve for inventory write down set forth on the face of the balance sheet included in the Interim Financial Statements (rather than in any notes thereto) Balance Sheet as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The All of the inventory of the Company Company, which consists of raw materials and supplies, manufactured and purchased processed parts, goods work in process, and finished goods, all of which is usable, merchantable and fit for the purpose for which it was procured or manufactured, and none of which such inventory is slow slow-moving, obsolete, damaged, or defective, subject only to the reserve for inventory write down set forth on the face of the balance sheet included in the Interim Most Recent Financial Statements (rather than in any notes thereto) Statement as adjusted for the passage of time operations and transactions through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company consists of raw materials and --------- supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, or defective, subject only to the reserve for inventory write down writedown set forth on the face of the balance sheet included in the Interim Financial Statements Most Recent Balance Sheet (rather than in any notes thereto) as adjusted for the passage of time through the Closing Effective Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company and its Subsidiaries consists of raw materials and supplies, manufactured and purchased parts, goods in process, process and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, damaged or defective, subject only to the reserve for inventory write down writedown set forth on the face of the balance sheet included in the Interim Financial Statements (rather than in any notes thereto) Balance Sheet as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the CompanyCompany and its Subsidiaries.

Inventory. The inventory of the Company consists of raw materials and supplies, manufactured and purchased parts, goods in process, process and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, damaged or defective, subject only to the reserve for inventory write down writedown set forth on the face of the balance sheet included in the Interim Financial Statements (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company consists of raw materials and supplies, manufactured and purchased parts, goods in process, process and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, or defective, subject only to the any reserve for inventory write down writedown set forth on the face of the balance sheet included in the Interim Financial Statements Most Recent Balance Sheet (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company consists of raw materials and supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, defective, or defectiveof a quality that cannot be sold at full value, subject only to the reserve for inventory write down set forth on the face of the balance sheet included in the Interim Financial Statements Most Recent Balance Sheet (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company consists of raw materials and supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, or defective, subject only to the reserve for inventory write write-down set forth on the face of the balance sheet included in the Interim Financial Statements Most Recent Balance Sheet (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company consists of raw materials and --------- supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, or defective, subject only to the reserve for inventory write down writedown set forth on the face of the balance sheet included in the Interim Financial Statements Most Recent Balance Sheet (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company consists of raw materials and equipment, materials, supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none a material portion of which is slow moving, neither obsolete, damaged, or nor defective, subject only to the reserve for inventory write down writedown set forth on the face of the balance sheet included in the Interim Most Recent Financial Statements (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company and its Subsidiaries consists of raw materials and supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow moving, obsolete, damaged, or defective, subject only to the reserve for inventory write write-down set forth on the face of the balance sheet included in the Interim Financial Statements (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date Reference Balance Sheet in accordance with the past custom and practice of the CompanyCompany and its Subsidiaries.

Inventory. The inventory of the Company consists of raw materials and supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow movingslow-moving (based on the nature of the Company's business), obsolete, damaged, or defective, subject only to . The Company's sales orders and other contracts with its customers disclaim that the reserve for finished goods inventory write down set forth on sold by the face of the balance sheet included in the Interim Financial Statements (rather than in any notes thereto) as adjusted Company thereunder are merchantable and fit for the passage of time through purpose intended. The Company's raw material and goods in process inventories are fit for the Closing Date in accordance with the past custom and practice of the Companypurposes for which they were procured or manufactured.

Inventory. The inventory of each of the Company Companies consists of raw materials and supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, or defective, subject only to the reserve for inventory write down writedown set forth on the face of the balance sheet included in the Interim Financial Statements (rather than in any notes thereto) Most Recent Balance Sheet as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of any of the CompanyCompanies.

Inventory. The To the knowledge of the Company, the inventory of the Company and the Subsidiaries consists of raw materials and supplies, manufactured and purchased parts, goods in process, process and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, or defective, subject only to the reserve for inventory write down writedown set forth on the face of the balance sheet included in the Interim Financial Statements (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date Balance Sheet in accordance with the past custom and practice of the CompanyCompany and such Subsidiaries.

Inventory. The inventory of the Company and its Subsidiaries consists of raw materials and supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is merchantable merchantable, or in the case of non-finished goods inventory, suitable for its intended use and fit for the purpose for which it was procured or manufactured, and none of which is slow moving, not obsolete, damaged, damaged or defective, in all material respects, subject only to the reserve for inventory write down writedown set forth on the face of the balance sheet included in the Interim Financial Statements (rather than in any notes thereto) Latest Balance Sheet as adjusted for the passage of time through the Closing Date in accordance with GAAP and the past custom and practice of the CompanyCompany and its Subsidiaries.

Inventory. The inventory of the Company consists of raw materials and ---------- supplies, manufactured and purchased parts, jobs, goods in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, or defective, subject only to the reserve for inventory write down writedown set forth on the face of the balance sheet included in the Interim Financial Statements (rather than in any notes thereto) Most Recent Balance Sheet as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company consists of raw materials and finished products, supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, or defective, subject only to the reserve for inventory write down writedown set forth on the face of the balance sheet included in the Interim Financial Statements (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the CompanyCompany Balance Sheet.

Inventory. The inventory of the Company consists of raw materials and supplies, manufactured and purchased parts, goods in process, process and finished goods, all of which is merchantable and fit for the purpose purposes for which it was procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, or defective, subject only to the a reserve for inventory write down set forth on the face of the balance sheet included in the Interim Financial Statements Balance Sheet (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company consists of raw materials and supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is are merchantable and fit for the purpose for which it was they were procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, or defective, subject only to the reserve for inventory write down set forth on the face of the balance sheet included in the Interim Financial Statements Most Recent Balance Sheet (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company and its Subsidiaries consists of raw materials and supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, or defective, subject only to the reserve for inventory write down writedown set forth on the face of the balance sheet included in the Interim Latest Financial Statements (rather than or in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the CompanyCompany and its Subsidiaries.

Inventory. The inventory of the Company consists of raw materials and supplies, manufactured and purchased parts, goods in process, process and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow slow-moving, obsolete, damaged, damaged or defective, subject only to the reserve for inventory write down writedown set forth on the face of the balance sheet included in the Interim Most Recent Financial Statements (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company consists of equipment, raw materials and materials, supplies, manufactured and purchased parts, goods in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none a material portion of which is slow moving, neither obsolete, damaged, or defective, subject only to the reserve for inventory write down writedown set forth on the face of the balance sheet included in the Interim Most Recent Financial Statements (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company consists of raw materials and supplies, manufactured and purchased parts, goods in process, and finished goods, all of which taken as a whole is in all material respects merchantable and fit for the purpose for which it was procured or manufactured, and none no material portion of which is slow slow-moving, obsolete, damaged, damaged or defective, subject only to the reserve for inventory write down writedown set forth on the face of the balance sheet included in the Interim Financial Statements (rather than in any notes thereto) Most Recent Balance Sheet as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company.

Inventory. The inventory of the Company consists of raw materials and supplies, manufactured and purchased processed parts, goods work in process, and finished goods, all of which is merchantable and fit for the purpose for which it was procured or manufactured, and none of which is slow moving, obsolete, damaged, or defective, subject only to the reserve for inventory write down writedown set forth on the face of the balance sheet included in the Interim Financial Statements Most Recent Balance Sheet (rather than in any notes thereto) as adjusted for the passage of time operations and transactions through the Closing Date in accordance with the past custom and practice of the Company.