Closing Date Inventory Amount definition

Closing Date Inventory Amount is an amount calculated on Schedule 1.7, which is equal to (i) the per item amount for each stock-keeping unit (“SKU”) of Inventory (together with cartons and inserts) multiplied by (ii) the relevant amounts of each SKU of Inventory owned by Seller at the Closing Date, which are set forth on the Inventory List.

Closing Date Inventory Amount means the value of the Business Inventory set forth on the Closing Date Statement.

Closing Date Inventory Amount has the meaning set forth in Section ----------------------------- ------- 2.6

Examples of Closing Date Inventory Amount in a sentence

• The calculation of the Estimated Closing Date Inventory Amount will be prepared in accordance with the Accounting Protocol and will be subject to Purchaser’s written consent, not to be unreasonably withheld, conditioned or delayed.

• In consideration of the right and license to sell the Products during the Transition Period, Seller shall pay to Buyer the Net Distributable Profits from the sale of such Products during the Transition Period once the aggregate amount of Net Distributable Profits during the Transition Period exceeds the Closing Date Inventory Amount, and Seller shall be entitled to retain an amount equal to the Closing Date Inventory Amount.

• In consideration of the sale and transfer of the Transferred Assets and all other representations, warranties and covenants set out herein, Purchaser agrees to pay to Seller at the Closing an aggregate amount equal to the sum of (a) Eighty-one Million Dollars ($81,000,000) (the “Purchase Price”) plus (b) the Closing Date Inventory Amount (together, the “Aggregate Closing Payment”), exclusive of any Transfer Taxes, and to assume, satisfy and discharge all Assumed Liabilities.

• Within 30 days after the end of each month, Buyer will deliver to Seller a report of its Net Sales and Net Distributable Profits from the sale of Products during such calendar month and the remaining Closing Date Inventory Amount and will pay to Buyer all Net Distributable Profits once the aggregate amount of Net Distributable Profits exceeds the Closing Date Inventory Amount.

• This pilot has been discontinued at this time due to transitions in child welfare.

• Purchaser and Company shall agree on the Closing Date Inventory Amount as set forth on the Closing Date Inventory Statement no later than one (1) Business Day prior to the Closing Date.

• If the Parties dispute the amount of such Pre-Closing Payables, the dispute resolution procedures substantially similar to those set forth in clauses 7.3, 7.4, 7.5 and 7.6 relating to the Closing Date Inventory Amount shall apply to the resolution of such dispute.

• Once such final computations have been made, and the Closing Date Inventory Amount is either agreed upon or no longer subject to dispute, Purchaser shall, no later than five (5) days after the submission of the Final Inventory Computations or the final resolution of the dispute related thereto (as the case may be), remit to Seller the Closing Date Inventory Amount.

• Notwithstanding anything contained herein to the contrary, in no event shall the Actual Closing Date Inventory Amount exceed $1,800,000.

• In the event that the Closing Date Inventory Amount is less than the Base Inventory Amount, Seller, within five days after the determination of the Closing Date Inventory Amount, shall pay Purchaser the difference between the Base Inventory Amount and the Closing Date Inventory Amount by wire transfer of immediately available funds to an account designated by Purchaser.

More Definitions of Closing Date Inventory Amount

Closing Date Inventory Amount means $145,745, which amount is the aggregate cost of the Transferred Inventory included in the Transferred Assets as of the Closing as specified on Schedule 2.1(b).

Closing Date Inventory Amount means the aggregate amount of the Inventory as of the Closing Date, net of reserves as of the Closing Date, in each case as determined in accordance with the Calculation Principles.

Closing Date Inventory Amount means the book value of the Bars Inventory as of the Closing Date.

Closing Date Inventory Amount has the meaning set forth in clause 7.2.3.

Closing Date Inventory Amount means (1) if Purchaser ----------------------------- has no objections as aforesaid or fails to object to the valuation in writing to ComEd within the required thirty-day period, the aggregate valuation of the Fuels Inventory and the Other Inventories as determined by ComEd, or (2) if Purchaser objects as and when provided in subparagraph (ii) above, such aggregate valuation as adjusted to reflect the resolution of any such objections as provided in subparagraph (ii) above and the term "DETERMINATION DATE" means ------------------ the date on which such Closing Date Inventory Amount is so determined.

Closing Date Inventory Amount means (1) if Purchaser ----------------------------- has no objections as aforesaid or fails to object to the valuation in writing to ComEd within the required thirty-day period, the aggregate valuation of the Fuels Inventory and the Other Inventories as determined by ComEd, or (2) if Purchaser objects as and when provided in subparagraph (ii) above, such aggregate valuation as adjusted to reflect the resolution of any such objections as provided in subparagraph (ii) above and the term "Determination Date" means ------------------ the date on which such Closing Date Inventory Amount is so determined.