Closing Inventory Amount definition

Closing Inventory Amount means the value of the Transferred Inventory at the opening of business on the Closing Date calculated in accordance with the Accounting Principles.
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Closing Inventory Amount means, as of the Closing Date, the book value of the Owned Inventory (including, for the avoidance of doubt, the Chinese Owned Inventory) and the EMEA Owned Inventory, net of applicable provisions, that would be required to be reflected on a balance sheet of the Business as of such date prepared in accordance with GAAP applied in a manner consistent with the Nortel Accounting Principles (to the extent consistent with GAAP).”
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Closing Inventory Amount shall have the meaning assigned thereto in Section 1.8(a).
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Examples of Closing Inventory Amount in a sentence

  • The calculation of the Estimated Inventory Amount and the Closing Inventory Amount shall be determined separately for each of the Ride Dynamics Business and Brake Business and shall utilize a methodology, and accounting therefor, consistent with the methodology used in determining the Benchmark Inventory Amount (attached as Schedule 3.4.1) with the determination and valuation of E&O Inventory as defined in this Agreement.

  • Buyer shall be deemed to have agreed with all items and amounts contained in Seller’s calculation of the Closing Inventory Amount that it has not disputed in accordance with the foregoing.

  • In making its calculation in accordance with this Agreement, the Independent Expert will make its determination based solely on presentations by Seller and Buyer and not by independent review and shall consider only those items or amounts in Seller’s calculation of the Closing Inventory Amount as to which Buyer has disagreed.

  • If Buyer fails to deliver such written notice within such 30-day period, Seller’s calculation of the Closing Inventory Amount shall be the Final Inventory Amount, which shall be binding upon the parties.

  • If a notice of disagreement shall be duly delivered pursuant to Section 1.8(b), Buyer and Seller shall, during the thirty (30) days following such delivery, consult with each other in good faith and exercise reasonable efforts to attempt to reach agreement on the disputed items or amounts in order to determine, as may be required, a mutually agreed Closing Inventory Amount.


More Definitions of Closing Inventory Amount

Closing Inventory Amount shall have the meaning set forth in Section 1.13(b)(i).
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Closing Inventory Amount means value of the Inventory as of the Closing Date that are included in the Acquired Assets. The Inventory shall be valued at the Seller’s latest invoice cost, net of discounts and slow-moving and obsolete Inventory as agreed by Seller and Buyer.
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Closing Inventory Amount means the net book value of the Inventory included in the Purchased Assets on the Effective Date.
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Closing Inventory Amount shall have the meaning set forth in Section 2.4(a).
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Closing Inventory Amount means the Inventory Amount as of the Effective Time. “Code” means the Internal Revenue Code of 1986.
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Closing Inventory Amount means the aggregate value of the Inventory and Finished Goods and Production Supplies located at the Facility on the Closing Date (other than the Excess Inventory), determined in accordance with the procedures specified in Section 2(g), based on the following value for the Inventory and Finished Goods and Production Supplies:
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Closing Inventory Amount means the aggregate amount of Inventory of the Company, calculated as of 11:59 p.m. Campinas time on the Closing Date.
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