Inventory and Backlog. (a) All inventory held by the Group Companies has been appropriately reserved, is of useable and saleable quality, has been recorded on the Financial Statements at the lower and cost and market value and in accordance with GAAP.
Inventory and Backlog. The Company regularly and systematically adjusts production schedules and quantities based on the flow of incoming orders. Backlogs are therefore typically limited to approximately 1 to 1 1/2 months of production. While total inventory levels may also be affected by changes in orders, the Company generally tries to maintain relatively stable inventory levels based on its assessment of the requirements of the various industries served.
Inventory and Backlog. The Inventory is (a) except to the extent of reserves therefore in the Financial Statements, salable or usable in the normal course of the Business, (b) at levels consistent with past practices of the Business, and (c) carried on the books of the Seller pursuant to the normal inventory valuation policies of the Seller, as reflected in the Financial Statements. All of the Inventory with a value net of reserves in excess of Fifty Thousand Dollars ($50,000) and Billed Inventory are located at the facility in Eden Prairie, Minnesota. The location of the remaining Inventory is as set forth on Schedule 4.10.
Inventory and Backlog. (a) All raw materials, supplies, component parts, work-in-process and finished goods inventory, and other inventory (collectively the "Inventory"), including that listed on Schedule 1.1.4(a);
Inventory and Backlog. 16 SECTION 3.8
Inventory and Backlog. The inventories of Seller related to the Business consist of raw materials, goods in process and finished goods salable or usable in the normal course of the Business, and such inventories are at levels consistent with past practices of the Business. No items included in inventories of Seller are or will be pledged as collateral or held by Seller on consignment from others. With regard to the Business, Seller has not committed to purchase inventories in amounts greater than are reasonably expected to be usable in the ordinary course of business as presently conducted. With respect to inventories in the hands of suppliers for which Seller will be committed on the Closing Date, such inventories on the Closing Date will be reasonably expected to be usable in the ordinary course of business as presently being conducted. As of the date hereof, the backlog of firm orders was at least $1,600,000. Copies of all of the customer orders constituting the backlog as of the opening of business on June 19, 1997 have been made available to Buyer.
Inventory and Backlog. The Inventory is (a) except to the extent of reserves therefor in the Latest Balance Sheet, is salable or usable in the Ordinary Course of Business, (b) except as set forth in Section 4.24 of the Disclosure Schedule, at levels consistent with past practices of the Business, and (c) carried on the books of the Company at the lower of cost or market and pursuant to the normal inventory valuation policies of the Company, as reflected in the Latest Balance Sheet. All of the Inventory is located at the Leased Real Property, except for inventory in transit and inventory that is in the process of being delivered to a customer or, pursuant to a consignment agreement, is located at a customer’s facility or, except as set forth on Section 4.24
Inventory and Backlog. The Inventory is (a) except to the extent of normal scrap quantities incurred in the production process and except to the extent of reserves therefor in the Financial Information, salable or usable in the normal course of the Business, (b) at levels consistent with past practices of the Business, and (c) carried on the books of the Seller pursuant to the normal inventory valuation policies of the Seller, as reflected in the Financial Information.
Inventory and Backlog. The Inventory is (a) except to the extent of reserves therefor in the Financial Statements, salable or usable in the normal course of the Business, (b) at levels consistent with past practices of the Business, and (c) carried on the books of the Company at the lower of cost or market and pursuant to the normal inventory valuation policies of the Company, as reflected in the Financial Statements. All of the Inventory is located at 00 Xxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxxxxxx 00000, except as set forth on Schedule 4.10. At March 31, 2001, the backlog of firm orders for the Company was Five Million Seven Hundred Fifty Two Thousand One Hundred Seventy Dollars ($5,752,170).
Inventory and Backlog. The inventories of MicroLegend and its Subsidiaries as of the date hereof consist of raw materials, goods in process and finished goods saleable or usable in the normal course of MicroLegend's business, and such inventories are, and shall be at Closing, at levels consistent with past practices of MicroLegend's business. All such inventories are carried on the books of MicroLegend and its Subsidiaries pursuant to the normal inventory valuation policies of MicroLegend, which are in accordance with Canadian GAAP, as reflected in the Financial Statements. Any expected losses on customer contracts in progress are recognized and recorded in the period in which such losses are determined. Schedule 4.26 sets forth the locations of all inventories of MicroLegend and the amount of inventory at each location as of July 31, 1999. Except as set forth in Schedule 4.26, no items included in inventories of MicroLegend and its Subsidiaries are or will be pledged as collateral or held by MicroLegend on consignment from others. MicroLegend is not committed to purchase inventories in amounts greater than are reasonably expected to be useable in the ordinary course of MicroLegend's business as presently conducted. With respect to inventories in the hands of suppliers for which MicroLegend will be committed on the Closing Date, such inventories on the Closing Date will be reasonably expected to be useable in the ordinary course of business as presently being conducted. At July 31, 1999, the backlog of firm orders from MicroLegend was $1,105,223.50. Schedule 4.26 sets forth each order of such backlog in excess of $50,000 and the scheduled or committed delivery date thereof.
