Prepaid Inventory means goods not received by the Business on or before the Closing Date that have been paid for by the Seller on or before the Closing Date.
Prepaid Inventory means all Inventory that has been paid for by Sellers prior to the Closing Date but as to which Sellers have not taken title or delivery as of the Closing Date.
Prepaid Inventory means the amount reflected on the Final Balance Sheet as prepayments made by Seller for Inventories that Seller has not received as of the time of the Physical Inventory.
Examples of Prepaid Inventory in a sentence
We have $213,495 in Deferred Syndication Expenses and $310,000 in Related Party Prepaid Inventory.
The Company had $213,495 in deferred syndication expenses and $310,000 in Related Party Prepaid Inventory.
Schedule 4.14(b) contains a complete and accurate list of all outstanding Prepaid Inventory as of the date of this Agreement.
Borrower shall not grant any security interest in Borrower’s accounts receivable, Inventory, Prepaid Inventory or other Collateral except in favor of Lender.
All Inventory and Prepaid Inventory shall continue to be valued in accordance with GAAP and on the same basis and applying the same accounting principles, policies and practices that were used by the Seller in preparing the relevant elements of the preparation of the Financial Statements.
More Definitions of Prepaid Inventory
Prepaid Inventory means, without duplication with Inventory, inventory that has been paid for by Seller or any Selling Affiliate prior to the Closing Date and was intended to be used by Seller or such Selling Affiliate exclusively in the Business that has not been delivered to Seller or such Selling Affiliate at or prior to the Closing Date. For the avoidance of doubt, Prepaid Inventory shall not be deemed Inventory for purposes of the adjustment pursuant to Section 1.3(g).
Prepaid Inventory has the meaning assigned to that term in Section 2.5. “Prepaid Inventory Payment” has the meaning assigned to that term in Section 2.5. 2.9(b).
Prepaid Inventory means all inventory of the STB Business, including any raw materials, work in process, finished goods, consumables, service parts, packing materials and supplies, that Company or any Seller Subsidiary has irrevocably paid for prior to the Closing Date and not yet received by the Company or a Seller Subsidiary. Prepaid Inventory shall not include any inventory included in Owned Inventory.
Prepaid Inventory means and includes Goods, as identified under the prepaid inventory line of Borrower’s balance sheet, that Borrower acquires outside of the borders of the United States of America and that have not yet arrived at or been delivered to Borrower’s Premises. Any Good that is considered Prepaid Inventory shall cease to be Prepaid Inventory and shall constitute Inventory when it reaches Borrower’s Premises.
Prepaid Inventory means all inventory of the Business including any raw materials, work in process, finished goods, consumables, service parts, packing materials and supplies paid prior to the Closing Date and not yet received as inventory. The term “Prepaid License Fees” shall refer to fees for licenses set forth on Schedule 2.2(a). The Estimated Current Assets Statement shall be prepared in accordance with the same accounting principles, practices, methodologies and policies used to prepare the Carve-Out Financial Statements and, to the extent consistent with the foregoing, in accordance with GAAP. Notwithstanding the foregoing, (A) any assets of the Seller or a Subsidiary that are not part of the Purchased Assets shall not under any circumstances be deemed a Current Asset.
Prepaid Inventory shall have the meaning set forth in Section 2.2(a).
Prepaid Inventory shall consist of the undisputed Excess Components on the then current E&O List provided by Benchmark to Customer that the Parties agree to handle according to the Prepaid Inventory Option and for which Benchmark has issued Customer an invoice according to paragraph (c) below. Customer waives any further dispute to Customer’s liability for such Excess Components added to Prepaid Inventory.