Stock-in-trade Sample Clauses

Stock-in-trade has not purchased stocks in quantities or at prices materially greater than was the practice of the Company prior to the Balance Sheet Date;

Stock-in-trade. Seller shall not engage in any activity which will cause all or any part of the Property to be considered either of the following: (1) stock in trade or other property of a kind which would properly be includable in inventory if on hand at the close of the taxable year; or (2) property held primarily for sale to customers in the ordinary course of the trade or business.

Stock-in-trade. The composition and size of the stock-in-trade of each of the Group Companies as at the Accounts Date were appropriate and normal for the business of each of the Group Companies and since the Accounts Date no material change in respect of the composition and size of the stock-in-trade of each of the Group Companies has occurred.

Stock-in-trade. The stock in trade of each of the Companies is in good condition and so far as the Vendors are aware meets all relevant statutory, regulatory and industry accepted standards or contractual specifications.

Stock-in-trade. All of the Vendor's stock-in-trade of goods, wares and merchandise on hand for resale including each and every item set forth and enumerated in Schedule "C" hereto, as well as all other ancillary materials located at the Premises;

Stock-in-trade. The value of the stock in trade as shown in the Accounts is at cost as at the Accounts Date and stock and work-in-progress have been valued on a basis consistent with the basis of valuation adopted in all audited accounts of the Company since its date of incorporation and no provision or reserve has been made in the Accounts for obsolete or slow moving stock.

Stock-in-trade. The Target Group ‘s stock-in-trade is in good condition, is capable of being sold by the Target Group in the ordinary course of business in accordance with its current price list without rebate or allowance and the level of such stock-in-trade is not unusually high or low having regard to the Target Group ‘s current requirements and past practices.

Stock-in-trade. 6.1. The Vendor shall sell, assign, transfer and deliver to the Purchaser at the address of the Vendor: (i) all new products which have been manufactured by the Vendor on basis of the Product Rights and which are physically existing in the inventory of the Vendor on the Closing Date (herein- after referred to as the "New Products"); and (ii) all accessories and fixtures to the New Products which are physically existing in the inventory of the Vendor on the Closing Date (hereinafter referred to as the "Spare Parts"). 6.2. The Vendor and the Purchaser have carried out a joint physical stock-taking prior to the Closing Date for purpose of determining and identifying the total stock of New Products and Spare Parts to be taken over by the Purchaser. All New Products and Spare Parts have been packed in sealed boxes by the Vendor and the Purchaser at the address of the Vendor. 6.3. The stock of New Products and the stock of Spare Parts have, on an item by item basis, been finally priced in accordance with the calculation made as of March 31st, 1999 together with the list showing items on the way from AMER to Rsch; the result of which is shown in Schedule 2 which is attached hereto and incorporated by reference as if fully set forth herein. 6.4. The parties agree that as a general rule the New Products have been priced at net book value, whereas the Spare Parts have been priced at ten to fifty (10 - 50) percent of net book value. A reserve for obsolete and slow moving items already has been reflected. Not withstanding the aforementioned the parties agree that the Vendor shall deliver ten (10) product items of the "Hear Man" hearing tester and thirty (30) product items of the "Hear Man" hearing tester with light mechanical defects to the Purchaser free of charge. 6.5. If the number of products making up the stock of the New Products exceeds the number of similar products actually sold by the Vendor during the last twelve (12) calendar months prior to the Closing Date, then a reserve of ninety (90) percent of the net book value of such surplus stock shall be taken.