Closing Inventory Value definition

Closing Inventory Value has the meaning set forth in Section 3.2(a).

Closing Inventory Value has the meaning set forth in Section 2.06(b).

Closing Inventory Value. Closing Inventory Value" shall mean the Inventory Value as of the Effective Time of Closing.

Examples of Closing Inventory Value in a sentence

• Within five Business Days after the Closing Inventory Value has been finally determined in accordance with Section 3.03(c), (i) if the Purchase Price is less than the Final Purchase Price, Purchaser shall pay to Seller such shortfall, and (ii) if the Purchase Price is greater than the Final Purchase Price, Seller shall pay to Purchaser such excess.

• Exhibit H hereto includes a statement calculating, and including reasonable supporting detail for the calculation of, Seller’s good faith estimate of the Closing Inventory Value (the “Estimated Closing Inventory Value”).

• Within 60 days after the Closing Date, Seller shall cause to be prepared and delivered to Purchaser a statement (the “Inventory Statement”) calculating, and including reasonable supporting detail for the calculation of, the actual Closing Inventory Value.

• The Purchase Price shall be either increased by the amount by which the Closing Inventory Value is more than the Estimated Closing Inventory Value or decreased by the amount by which the Closing Inventory Value is less than the Estimated Closing Inventory Value (the Purchase Price as so increased or decreased being hereinafter called the “Final Purchase Price”), as set forth herein.

More Definitions of Closing Inventory Value

Closing Inventory Value shall have the meaning ascribed to it in Section 2.4(c)(i) hereof.

Closing Inventory Value means $1,235,260.28 which is the value of the Inventory owned by Seller and related to the Business, excluding Obsolete Inventory, at Seller’s cost, as of the Closing Date, as set forth on Schedule C hereto.

Closing Inventory Value means the original cost to Sellers, determined in accordance with the Accounting Principles, of all Inventory as of the Closing Date with expiration dating of greater than twelve (12) months after the Closing Date.

Closing Inventory Value means the value of the Finished Inventory as of the Closing Date that has at least 32 months of shelf life remaining as of the Closing Date, determined in accordance with Schedule 1.1.1.

Closing Inventory Value means the value of the Inventory as determined in accordance with Section 2.3(a).

Closing Inventory Value has the meaning set forth in Section 5.7(g).

Closing Inventory Value means the value at Closing of the Inventory of the Business (but not excluding the Excluded Inventory), with such Inventory to be valued prior to Closing as set forth on Schedule 1.1(a) hereto, as updated to reflect changes in Inventory between the date on which such valuation was completed and the Closing Date.