Common use of THE INVENTORY Clause in Contracts

THE INVENTORY. The Buyer and the Seller shall engage a mutually acceptable third party engaged in the business of appraising, valuing and preparing inventories for automobile dealerships (hereinafter referred to as the "INVENTORY SERVICE") to prepare an inventory list (the "INVENTORY") of the parts and accessories, as well as of the Miscellaneous Inventories (as defined in Section 5.1), owned by and either used or held for use by the Seller in the Business. The Inventory (insofar as it relates to parts and accessories) shall be posted to the Manufacturer's approved system of inventory control. The cost of the Inventory shall be borne 50% by the Buyer and 50% by the Seller. The Buyer shall have the right to deduct the Seller's portion of such expense from the consideration to be paid to the Seller under the terms of this Agreement and to remit such sums directly to the Inventory Service. The Inventory shall be completed by the Inventory Date. The Inventory shall identify each part and accessory and its purchase price.

THE INVENTORY. The Buyer and the Seller shall engage a mutually acceptable third party engaged in the business of appraising, valuing and preparing inventories for automobile dealerships (hereinafter referred to as the "INVENTORY SERVICE") to prepare an inventory list (the "INVENTORY") of the parts and accessories, as well as of the Miscellaneous Inventories (as defined in Section 5.1), owned by and either used or held for use by the Seller in the BusinessBusinesses. The Inventory (insofar as it relates to parts and accessories) shall be posted to the Manufacturer's respective Manufacturers' approved system of inventory control. The cost of the Inventory shall be borne 50% by the Buyer and 50% by the Seller. The Buyer shall have the right to deduct the Seller's portion of such expense from the consideration to be paid to the Seller under the terms of this Agreement and to remit such sums directly to the Inventory Service. The Inventory shall be completed by the Inventory Date. The Inventory shall identify each part and accessory and its purchase price.

THE INVENTORY. The Buyer and the Seller Sellers shall engage a mutually ------------- acceptable third party engaged in the business of appraising, valuing and preparing inventories for automobile dealerships (hereinafter referred to as the "INVENTORY SERVICEInventory Service") to prepare an inventory list (the "INVENTORYInventory") of the parts ----------------- --------- and accessories, as well as of the Miscellaneous Inventories (as defined in Section 5.1), owned by and either used or held for use by the any Seller in the its Business. The Inventory (insofar as it relates to parts and accessories) shall be posted to the Manufacturer's respective Manufacturers' approved system of inventory controlcontrol and will show each item extended by its unit price. The cost of the Inventory shall be borne 50% by the Buyer and 50% by the SellerSellers. The Buyer shall have the right to deduct the Seller's Sellers' portion of such expense from the consideration to be paid to the Seller Sellers under the terms of this Agreement and to remit such sums directly to the Inventory Service. The Inventory shall be completed by the Inventory Date. The Inventory shall identify each part and accessory and its purchase price.

THE INVENTORY. The Buyer and the Seller Sellers shall engage a mutually acceptable third party engaged in the business of appraising, valuing and preparing inventories for automobile dealerships (hereinafter referred to as the "INVENTORY SERVICE") to prepare an inventory list (the "INVENTORY") of the parts and accessories, as well as of the Miscellaneous Inventories (as defined in Section 5.1)Inventory, owned by and either used or held for use by the Seller respective Sellers in the BusinessBusinesses. The Inventory (insofar as it relates to parts and accessories) shall be posted to the each Manufacturer's approved system of inventory control. The cost of the Inventory shall be borne 50% by the Buyer and 50% by the SellerSellers. The Buyer shall have the right to deduct the Seller's Sellers' portion of such expense from the consideration to be paid to the Seller Sellers under the terms of this Agreement and to remit such sums directly to the Inventory Service. The Inventory shall be completed by the Inventory Date. The Inventory shall identify each part and accessory and its purchase price.