Business Inventory definition

Business Inventory has the meaning set forth in Section 2.1(b).

Business Inventory means (a) the Inventory and (b) inventories of raw materials, work-in-process, finished goods and packaging materials of a Purchased Company as of immediately prior to the Closing (in each case, except to the extent a Separation Asset).

Business Inventory means all inventory, merchandise, products and other personal property held or stored for the purposes of, or used in connection with, the Business, including but not limited to, finished goods, parts and equipment, raw materials, packaging supplies and work-in-process.

Examples of Business Inventory in a sentence

• General Xxxxx and Buyer shall each bear the fees of their respective auditors incurred in connection with the determination and review of the Other Business Inventory Statement.

• Within thirty (30) days following the Closing Date, General Xxxxx shall prepare and deliver to Buyer a statement setting forth the type and value of the Other Business Inventory, as of the Closing Date, transferred and assigned to Buyer on the Closing Date, which statement shall be derived from a physical taking of such Other Business Inventory as of the Closing Date and shall be prepared in a manner consistent with the Inventory Standards (the "Other Business Inventory Statement").

• The Other Business Payment shall be equal to the value of the Other Business Inventory as reflected on the Final Other Business Inventory Statement.

• At the Closing or the Conversion Date, as applicable, the Inventory, the Other Business Inventory and the Conversion Date Inventory, respectively, will (a) be current, non-obsolete, neither damaged nor defective, saleable in the ordinary course and merchantable and fit for the purpose for which it was procured or manufactured, and (B) meet applicable manufacturing specifications and be suitable for use in the Business or each Other Business, as applicable.

• All items of Business Inventory have been acquired or manufactured, sold and maintained in the ordinary course of business consistent with past practice.

More Definitions of Business Inventory

Business Inventory means the Seller Inventory owned by Seller or its Subsidiaries and used or held for use exclusively in the Business as of the Closing Date.

Business Inventory means all inventory of goods and supplies used or maintained in connection with the Business including, but not limited to, food, cleaning materials, disposables, linens, consumables, office supplies, drugs and medical supplies.

Business Inventory means, as of a specified time, the amount of all inventories of materials, parts, raw materials, supplies, work-in-process and finished goods and products of Sellers and their respective Affiliates exclusively related to the Business, determined in accordance with Exhibit C.

Business Inventory means the all inventory, stock in trade, work-in-progress, finished goods and raw materials of the Sellers, including all inventory in transit to the Sellers, in each case used in or related to the Business.

Business Inventory means all raw materials, supplies, work in progress, parts and components and finished goods owned by any Asset Seller at the Closing Date that is (i) exclusively related to or used in the Sale Business to be sold by such Asset Seller; or (ii) if related to or used in such Sale Business but also related to or used in the Retained Business, then only to the extent accounted for under the MaRCC Codes for such Sale Business;

Business Inventory means all Inventory (including Inventory in transit, on consignment or in the possession of a third party) of IHS that is used, held for use or intended to be used exclusively in, or that arises exclusively out of, the conduct of the Business.

Business Inventory means all Transferred Inventory and any inventory owned by a Transferred Entity.