Estimated Inventory Adjustment Amount definition

Estimated Inventory Adjustment Amount means the book value, as determined by an independent evaluator designated by the Seller and approved by the Buyer, which approval shall not be unreasonably withheld, of the fuel inventory priced as the Seller's weighted average fuel costs used at or in connection with the Purchased Assets as of the date that is ten (10) days before the Closing Date, which valuation shall be provided to the Buyer by the Seller no later than five (5) days before the Closing Date.

Estimated Inventory Adjustment Amount means (a) the Estimated Inventory Purchase Price minus (b) the Target Inventory Purchase Price (which calculation may be a negative number); provided, that in the event the Estimated Inventory Adjustment Amount is a positive number, then the Estimated Inventory Adjustment Amount shall be deemed to equal zero (0).

Estimated Inventory Adjustment Amount means $1,079,102.

Examples of Estimated Inventory Adjustment Amount in a sentence

• If the Closing Date Inventory Adjustment Amount is less than the Estimated Inventory Adjustment Amount (the amount of such shortfall, if any, the “Purchase Price Overpayment”), Sellers shall, within forty-five (45) Business Days after the final determination of the Closing Statement, promptly pay to Buyers in cash by wire transfer of immediately available funds to an account designated by Buyers, an amount equal to the Purchase Price Overpayment.

• If the Inventory Adjustment Amount exceeds the Estimated Inventory Adjustment Amount, the Cash Consideration shall be reduced by the amount of such excess and Seller shall pay to Buyer an amount equal to such excess.

• If the Closing Date Inventory Adjustment Amount is greater than the Estimated Inventory Adjustment Amount (the amount of such excess, the “Purchase Price Deficit”), Buyers shall, within forty-five (45) Business Days after the final determination of the Closing Statement, promptly pay to Sellers’ Bank Account in cash by wire transfer of immediately available funds, an amount equal to the Purchase Price Deficit.

• If the Estimated Inventory Adjustment Amount exceeds the Inventory Adjustment Amount, the Cash Consideration shall be increased by the amount of such excess and Buyer shall pay to Seller an amount equal to such excess.

• The Applicant shall procure each Contractor in accordance with the Procurement Policy and will ensure that the procurement of all works, goods and/or services by the Applicant relating to the Works and/or the Project shall be in compliance with the Procurement Policy.

More Definitions of Estimated Inventory Adjustment Amount

Estimated Inventory Adjustment Amount means the Estimated Inventory Excess, expressed as a positive number, or the Estimated Inventory Deficiency, expressed as a negative number, as applicable, as reflected in the Estimated Closing Statement.

Estimated Inventory Adjustment Amount shall have the meaning set forth in Section 4.2(b).

Estimated Inventory Adjustment Amount has the meaning set forth in Section 2.4(b).

Estimated Inventory Adjustment Amount means the lesser of the Seller's book value of its coal inventory, or $48.50 per ton multiplied by the number of tons of coal in the coal inventory, used at or in connection with the Purchased Assets as of the date ten (10) days before the Closing Date, which valuation shall be provided to the Buyer by the Seller no later than five (5) days before the Closing Date. For the purposes of calculating the Estimated Inventory Adjustment Amount, the coal inventory shall include all coal whether above or below grade, except that any below grade coal, determined through a survey to be conducted by Seller prior to the Closing, whose use would be non-compliant with air emission regulations regarding SO2 emissions, shall be excluded from such inventory.

Estimated Inventory Adjustment Amount means the value of oil inventory and propane inventory used at or in connection with the Purchased Assets as of the date ten (10) days before the Closing Date, as determined by using the average price for residual 0.3% sulphur high pour New York cargo spot index for no. 6 oil - New York Harbor published in Bloomberg Energy during the consecutive ten (10) day period preceding the date which is ten (10) days before the Closing Date, and the average price for propane published in the Journal of Commerce for Propane-Mt. Belvieu during such consecutive ten (10) day period plus five cents ($0.05) per gallon, which valuations shall be provided to the Buyer by the Sellers no later than five (5) days before the Closing Date.

Estimated Inventory Adjustment Amount shall have the meaning set out in Section 1.2(b).

Estimated Inventory Adjustment Amount means the value of the JP4 fuel inventory used at or in connection with the Gas Turbines, as published in the Journal of Commerce, on the date ten (10) days before the Closing Date, or the most recently published date prior to such date (ten days before the Closing) which valuation shall be provided to the Buyer by Seller no later than five (5) days before the Closing Date.