Closing Inventory Report definition

Closing Inventory Report means an Inventory Report dated as of the Closing Date.

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Closing Inventory Report means a report prepared by Seller setting forth the value of the worldwide Inventory at standard cost as of the Closing Date determined in accordance with Seller's written standard accounting practices as consistently applied on an historical basis including reserves determined in accordance with generally accepted accounting principles.

Closing Inventory Report means an Inventory Report with respect to each Power Block and the Common Facilities dated not earlier than three (3) days prior to the Closing Date.

Examples of Closing Inventory Report in a sentence

Within fifteen (15) days of the date of the Closing Inventory Report, Seller shall deliver to Buyer a statement (the "Allocation Statement") setting forth the amount of the Purchase Price allocable to the various Purchased Assets.
Seller shall use its commercially reasonable efforts to assist Purchaser in confirming such Virtual Inventory to the extent that Purchaser requires the cooperation of Progistix to do so, including assisting Purchaser and its representatives in auditing or otherwise examining the Virtual Inventory system of Progistix and permitting Purchaser and its representatives to observe any physical inventory count that occurs between the date hereof and the date of the final Closing Inventory Report.
Following Purchaser’s receipt of the Closing Inventory Report, either party (at its own expense) shall have the right to confirm the Virtual Inventory by notifying the other party of its intention to do so within 30 days of receipt of the Closing Inventory Report.
If the Purchaser disagrees with the calculation of the draft Closing Inventory Report prepared pursuant to Section 3.2.1, it shall give notice to the Vendor of such disagreement, whether oral or written (which shall be deemed to be received immediately upon delivery of such notice to Vendor), no later than three (3) Business Days after delivery of the draft Closing Inventory Report.
Following Purchaser's receipt of the Closing Inventory Report, either party (at its own expense) shall have the right to confirm the Virtual Inventory by notifying the other party of its intention to do so within 30 days of receipt of the Closing Inventory Report.
If the Purchaser does not give a notice of disagreement in accordance with Section 3.2.2, the Purchaser shall be deemed to have accepted the draft Closing Inventory Report, which shall be final and binding on the Parties and the draft calculation of the Closing Inventory Report shall constitute the book value of the Inventories for the purposes of this Agreement immediately following the expiry date for the giving of such notice of disagreement.
The parties agree that the procedures set forth in Sections 3.3.2 through and including 3.3.4 hereof shall be applicable to the Actual Closing Inventory Report and the content therein.
The "Adjustment Amount" shall be the amount equal to the Closing Inventory as set forth on the Closing Inventory Report less Nine Million Dollars ($9,000,000).
Seller shall have delivered or caused to be delivered to Buyer the Estimated Closing Inventory Report on or before the close of fifth business day prior to the Closing Date, which schedule shall be true and correct in all material respects.
The "Adjustment Amount" shall be the amount equal to the Closing Inventory as set forth on the Closing Inventory Report less [ ** ] .

More Definitions of Closing Inventory Report

Closing Inventory Report has the meaning ascribed to such term in Section 4.03(b)(1) of this Agreement.

Closing Inventory Report means the report of the book value of the Inventories as of 12:01 a.m. on the Closing Date prepared in accordance with generally accepted accounting principles, consistently applied;