Stock Valuation. The stock-in-trade shown in the Accounts has been valued at the lower of cost and net realisable value and includes no redundant, obsolete or unsaleable items and no items which are the subject of any dispute (other than minor disputes in the ordinary course of business) with a supplier or customer. The basis of valuation of the stock-in-trade has remained in all material respects consistent with that adopted for the purpose of the Group's consolidated accounts at the beginning and end of each of the accounting periods of the Group since its incorporation.
Stock Valuation. Should a dispute occur concerning a determination of “Then Current Fair Market Value” of any stock owned or acquired by Executive pursuant to this Agreement or otherwise, then the Executive and Employer’s designated representative shall confer to select an independent stock valuation expert who shall render a decision as to the then Fair Market Value of the stock which shall be binding on the parties. The fees and costs charged by such valuation expert shall be paid the Employer.
Stock Valuation. The Vendor and the Purchaser shall procure that a valuation of the stock and work in progress of the Company as at close of business on the Completion Date is undertaken in accordance with the principles set out in Schedule 5 by representatives of the Vendor and the Purchaser jointly.
Stock Valuation. For the purposes of the preparation of the Completion Accounts, the value of stock shall be ascertained in accordance with the provisions of this paragraph 3.
(A) the Vendor and the Purchaser shall cause a stocktaking to be made on or after the Completion Date (but in any event within 10 Business Days of the Completion Date) of all the stock insofar as it then belongs to the Company and the Subsidiaries;
(B) unless otherwise agreed by the parties such stocktaking shall consist of a physical check of the amount, quality and condition of all such stock situated on the Premises at the Completion Date and an inspection of the books and records and contractual documentation (of the Company and the Subsidiaries) for all such stock not so situated together with confirmation from the person or persons having physical possession of such stock of the extent of any interest in or Encumbrance claimed over such stock (if any); and
(C) when such stocktaking has been completed the stock shall be valued by the Purchaser in accordance with paragraph 2.3(B); and
(D) the value of the stock as determined above shall be manually adjusted to represent the value of the stock (calculated in accordance with this paragraph 3) as at the date of the Completion Accounts, and that adjusted figure shall be used as the value of stock in the Completion Accounts.
Stock Valuation. For the purposes of the preparation of the Completion Accounts, the value of stock shall be ascertained in accordance with the provisions of this paragraph 3.
(A) The Vendors and the Purchaser shall cause a stocktaking to be made of all the stock insofar as it then belongs to the Company as at 31st December 1997.
(B) Unless otherwise agreed by the parties such stocktaking shall consist of a physical check of the amount, quality and condition of all such stock situated on the Properties prior to Completion and an inspection of the books and records and contractual documentation (of the Company) for all stock not so situated together with confirmation from the person or persons having physical possession of such stock of the extent of any interest in or encumbrance claimed over such stock (if any).
(C) When such stocktaking has been completed the stock shall be valued by the Purchaser in accordance with paragraph 2.4(C) of this Schedule 3 and included in the Completion Accounts.
Stock Valuation. Sellers and the Company shall have delivered to Buyer a valuation report with respect to the Company Capital Stock prepared by Blue and Co. in a form satisfactory to Buyer, provided, however, that Buyer’s acceptance of such valuation shall not (i) indicate Buyer’s acceptance of the conclusions stated therein, (ii) bind Buyer to file any Tax Returns in a manner consistent with such valuation or to defend such valuation in any Tax audit or similar proceeding (provided that Sellers, at their cost, may defend such valuation in a Tax Audit or similar proceeding), (iii) preclude Buyer from obtaining a separate valuation of the Company Capital Stock, or (iv) preclude Buyer from causing the Company to file Tax Returns (including amended Tax Returns for pre-Closing Tax periods) reflecting the conclusions in the separate valuation obtained by Buyer; provided that Buyer may only file or cause to be filed such amended returns in connection with a Tax Audit or similar proceeding, after Sellers have been provided a good faith opportunity to defend in good faith Blue and Co.'s valuation. Sellers agree to cooperate with Buyer and its Affiliates in the filing of any amended Tax Returns as required by this Section 7.1(r).
Stock Valuation. 4.2.1 The method of valuing stock and work-in-progress for the Accounts was in accordance with SSAP 9 and, subject to that Standard, was consistent in all material respects with that adopted in the corresponding audited accounts for the preceding two financial periods and has been accepted by the Inland Revenue for taxation purposes.
4.2.2 Proper provision has been made in the Accounts in accordance with SSAP 9 in respect of slow moving, obsolete or redundant stock and work-in-progress and the value attributed to the remaining stock and work-in-progress did not exceed the lower of direct cost or net realisable value at the Last Accounting Date.
Stock Valuation. For the purposes of valuing the GoodNoise Shares --------------- for the purposes of satisfying any Claim, such shares shall be valued at the closing price of GoodNoise Common Stock on the Effective Date.
Stock Valuation. 4.2.1 The method of valuing stock-in-trade and work-in-progress for the Accounts was in accordance with SSAP 9 and, subject to that Standard, was consistent in all respects with that adopted in the corresponding audited accounts for the preceding three financial periods and has been accepted by the Inland Revenue for taxation purposes.
4.2.2 Proper provision has been made in the Accounts in respect of dead, slow moving, obsolete, redundant or excess stock-in-trade and/or work-in-progress and the value attributed to the remaining stock-in-trade and/or work-in-progress did not exceed the lower of direct cost or net realisable value at the Accounts Date.
Stock Valuation. For the purposes of the preparation of the Completion Accounts, the value of the Stock shall be ascertained in accordance with the following provisions of this paragraph 3:-
(A) the Vendor and the Purchaser shall cause a stocktaking to be made on the Completion Date of all the Stock;
(B) unless otherwise agreed by the parties such stocktaking shall consist of a physical check of the amount, quality and condition of the Stock situated on the Properties at the Completion Date and an inspection of the books and records and contractual documentation for all Stock not so situated together with confirmation from the person or persons having physical possession of such Stock of the extent of any interest in or Encumbrance claimed over such Stock (if any); and
(C) when such stocktaking has been completed the Stock shall be valued by the Purchaser in accordance with the same policies, bases, methods, practices and procedures of accounting as applied or adopted for the purposes of the Audited Accounts, and included in the Completion Accounts.
