Closing Inventory Statement definition

Closing Inventory Statement shall have the meaning set forth in Section 2.6(a).

Closing Inventory Statement has the meaning set forth in Section ‎3.3(b)(i).

Closing Inventory Statement has the meaning given such term in Section 2.5(c).

Examples of Closing Inventory Statement in a sentence

• The Buyer's Objection shall set forth a description of the basis of the Buyer's Objection and the adjustments to the value of Inventory reflected on the Closing Inventory Statement that Buyer believes should be made.

• Buyer and its representatives shall have such opportunity as Buyer reasonably deems appropriate to observe the taking and reconciliation of such Inventory (which may begin prior to the Closing Date) in connection with the preparation of the Closing Inventory Statement.

• Sellers and Buyer shall each bear the fees of their respective auditors incurred in connection with the determination and review of the Closing Inventory Statement.

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• The Adjustment Payment shall be the difference, if any, between (x) the value of Inventory, as reflected on the Final Closing Inventory Statement, minus (y) $51,500,000.

More Definitions of Closing Inventory Statement

Closing Inventory Statement has the meaning set forth in Section 7.2(k).

Closing Inventory Statement. As defined in Section 1.4(a).

Closing Inventory Statement means an unaudited statement of Closing Inventory Amount that is prepared in accordance with the Accounting Principles.

Closing Inventory Statement has the meaning given to it in Clause 3.4;

Closing Inventory Statement means the statement of Inventory of the Business (as adjusted in accordance with this Agreement) as of 11:59 P.M. (prevailing Eastern Time) on the Closing Date, which statement will be prepared and delivered in accordance with Section 3.4.

Closing Inventory Statement means the Inventory Purchase Price pursuant to Section 4.2.2.

Closing Inventory Statement means a listing of the Inventory and the Gross Book Value thereof as of the Closing Date, setting forth separately the Xxxxx Xxxxxx Inventory and the Gross Book Value thereof as of the Closing Date, in a form substantially identical to the Preliminary Inventory Statement and prepared in accordance with United States generally accepted accounting principles (subject to the lack of reserves and/or writedowns) using the same item costs used in the preparation of the Preliminary Inventory Statement and otherwise on a basis consistent with the Preliminary Inventory Statement.