Inventory Valuation Settlement Clause Samples

Inventory Valuation Settlement. Within 10 days after the Closing Date Statement has become final and binding in accordance with Section 2.06(c): (i) If the Inventory Valuation Settlement is a negative amount, then Sellers will pay to Buyer an amount equal to the absolute value of the Inventory Valuation Settlement. (ii) If the Inventory Valuation Settlement is a positive amount, then Buyer will pay such amount to Sellers. (iii) If the Inventory Valuation Settlement is zero, then no payment will be made by either party under this Section 2.06(d). Payments under this Section 2.06(d) will be made by wire transfer of immediately available funds to an account designated in writing by the receiving party to the paying party.