Closing Inventory Value definition

Closing Inventory Value has the meaning set forth in Section 3.2(a).
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Closing Inventory Value has the meaning set forth in Section 2.06(b).
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Closing Inventory Value shall have the meaning ascribed to it in Section 2.4(c)(i) hereof.
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Examples of Closing Inventory Value in a sentence

  • If the Total Closing Inventory Value set forth on the Closing Statement is greater than $65,000,000, Buyer and Lucky shall (within three (3) Business Days of delivery of the Closing Statement) deliver joint written instructions to the Escrow Agent instructing the Escrow Agent to promptly release to Sellers an amount out of the Holdback from the Holdback Account such that the remaining balance of the Holdback Account following such release is equal to $7,000,000.

  • Seller and Buyer acknowledge that the sole purpose of the determination of the Closing Inventory Value is to adjust the Purchase Price so as to reflect the difference between the Closing Inventory Value and the Estimated Inventory Value, and that in order to do so the Closing Inventory Value and the Estimated Inventory Value need to be calculated in the same manner, without regard to any changes in IFRS that become effective following Seller’s calculation of the Estimated Inventory Value.

  • If Sellers timely notify Purchaser of their objection to the calculation of the Closing Inventory Value, Purchaser and Sellers shall, following such notice attempt to resolve their differences pursuant to Section 12.9(b) hereof within the period set forth in Section 12.9(b) (the “Resolution Period”).

  • Following the United Nations Convention on the Rights of the Child, a child means every human being below the age of 18 years.

  • Subject to the dispute resolution provisions of Section 2.06(e) below, the "Post-Closing Adjustment" shall be an amount equal to the Closing Inventory Value minus the Estimated Inventory Value.


More Definitions of Closing Inventory Value

Closing Inventory Value means the Inventory Value as of the Effective Time of Closing.
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Closing Inventory Value means the actual dollar value of the Closing Inventory of an Inventory Component Type calculated according to the valuation methodology set forth on Schedule 2.2(a)(iii), as of the close of business on the Business Day immediately prior to the Closing Date.
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Closing Inventory Value means the original cost to Sellers, determined in accordance with the Accounting Principles, of all Inventory as of the Closing Date with expiration dating of greater than twelve (12) months after the Closing Date.
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Closing Inventory Value means the value of the Inventory as determined in accordance with Section 2.3(a).
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Closing Inventory Value means the value of the Finished Inventory as of the Closing Date that has at least 32 months of shelf life remaining as of the Closing Date, determined in accordance with Schedule 1.1.1.
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Closing Inventory Value means $1,235,260.28 which is the value of the Inventory owned by Seller and related to the Business, excluding Obsolete Inventory, at Seller’s cost, as of the Closing Date, as set forth on Schedule C hereto.
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Closing Inventory Value has the meaning set forth in Section 1.5(c).
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