Concession Inventory. (a) As of the date hereof, the concession inventories of Seller and each Subsidiary (i) are, in all material respects, accurately valued and properly reflected on the Financial Statements consistent with past practices, (ii) consist, in all material respects, of items of a quality, quantity and condition useable and saleable in the ordinary course of business consistent with past practices, (iii) were acquired and have been maintained at normal levels in the ordinary course of business consistent with past practice, and (iv) are not subject to any material write-down or write-off.
Concession Inventory. All Concession Inventory as of the Closing (a) consists of a quality and quantity that is commercially useable and saleable in the ordinary course of the Business consistent with past practices at the Theatres (taking into account historical and seasonal usage patterns) of all major inventory categories; and (b) does not include any Concession Inventory that is spoiled, expired, obsolete or no longer used in connection with the ordinary operation of the Business.
Concession Inventory. The concession inventories of the Xxxx Group consist in all material respects of items of quality and quantity useable and saleable in the ordinary course of business and will be maintained at normal levels continuously until the Closing Date.
Concession Inventory. At each Theatre, at least a two-week supply of commercially useable and resaleable concession inventory, as based on historical usage at such Theatre, together with related packaging materials (the “Concession Inventory”).
Concession Inventory. Company shall have at least a two-week supply of Concession Inventory at each Theatre as of the Closing. All Concession Inventory at Closing will consist of a quality and quantity commercially useable and saleable in the ordinary course of business and shall not include any obsolete, unuseable or unsaleable Concession Inventory.
