Average Inventory definition

Average Inventory means Inventory calculated by dividing the total of all ending Inventory for each month for the most recent 13 months by 13.

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Average Inventory means, for any Fiscal Quarter, the sum of (i) the costs of consolidated inventories of the Borrower and its Consolidated Subsidiaries at the beginning of such Fiscal Quarter and (ii) the costs of Consolidated Inventories of the Borrower and its Consolidated Subsidiaries at the end of such Fiscal Quarter, divided by 2.

Average Inventory means Borrowers’ average inventory determined in accordance with GAAP and reflected on Borrowers’ consolidated financial statements.

Examples of Average Inventory in a sentence

Should the Inventory Amount at the time of Closing exceed the Average Inventory, the Purchase Price shall be adjusted upward accordingly and shall be payable at Closing.
Should the Inventory Amount at the time of Closing be less than the Average Inventory, the Purchase Price shall be adjusted downward accordingly and shall be payable at Closing.
Such Average Inventory is considered part of the Assets being acquired by Purchaser.
The Borrower will maintain or ---------------------- cause to be maintained, as of the end of each fiscal quarter of the Borrower, a ratio of Consolidated Cost of Goods Sold to Consolidated Average Inventory of not less than 6.0 to 1.0.
The Borrowers will not permit, as of the -------------------------- last day of any fiscal quarter, the ratio of Consolidated VOI Revenue to Average Inventory for the period of four (4) consecutive fiscal quarters ended on such date to be less than (a) 2.0 to 1 for any fiscal quarter ending prior to or on December 31, 2000, and (b) 1.8 to 1 for any fiscal quarter ending thereafter.

More Definitions of Average Inventory

Average Inventory means Inventory calculated by dividing the total of all ending Inventory for each month for the most recent thirteen (13) months by thirteen (13).

Average Inventory shall have the meaning set forth in Section 2.4.1.

Average Inventory means, on any date, (a) aggregate Inventory at the end of each fiscal monthly period beginning with the first fiscal monthly period of the current fiscal year through the most recent fiscal monthly period of the current fiscal year divided by (b) the number of fiscal monthly periods then elapsed in the current fiscal year.

Average Inventory means, as of the end of each fiscal quarter of the ----------------- Borrower, the average inventory of the Borrower and the Subsidiaries on a consolidated basis for the period of the four fiscal quarters then ended, calculated as follows:

Average Inventory means the six (6) month average month end inventory balance of Seller of Inventory located in Marburg and Dortmund, Germany for the months ending March through August 1999.

Average Inventory means, for any Test Period, the amount determined by dividing the sum of (A) “Total Inventory” as of the first day of such Test Period and (B) “Total Inventory” as of the last day of such Test Period by 2. For purposes of this definition, “Total Inventory” shall mean, as of any date of determination, the amount of inventory, valued at the lower of cost or market, which would be reflected on a balance sheet of Borrower prepared as of such date in accordance with GAAP.

Average Inventory means, on any date, with respect to grocery, perishable or HBA, as the case may be, (a) the sum of the aggregate amount of Inventory (expressed in U.S. Dollars) consisting of grocery, perishable or HBA, respectively, at the end of each fiscal monthly period beginning with the first fiscal monthly period of the then current fiscal year through the most recent fiscal monthly period of such fiscal year divided by (b) the total number of fiscal monthly periods then elapsed in such fiscal year.