Examples of Estimated Inventory Amount in a sentence
The volume and description of the EDS Inventory used as the basis for preparing the Estimated Inventory Amount shall be based on the most recent month prior to Completion for which figures are available and as may be adjusted by the Seller in good faith to take account of any expected variations between the date of such stock-take and the expected Completion Date.
If the Estimated Inventory Amount is greater than (determined separately for the Ride Dynamics Business and the Brake Business) the Benchmark Inventory Amount, the Preliminary Purchase Price paid at Closing will be increased by an amount equal to the excess.
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.
If the Estimated Inventory Amount is less than (determined separately for the Ride Dynamics Business and the Brake Business) the Benchmark Inventory Amount, the Preliminary Purchase Price paid at Closing will be decreased by an amount equal to such deficiency.
Following Closing, Buyer shall pay Sellers the Earn-Out Payments, if any, subject to and in accordance with Section 2.7 and Section 7.11.2.6 Inventory.(a) The Estimated Inventory Amount (as defined below) shall be determined on the basis of the quantities of Inventory as of the close of business on the Business Day immediately prior to the Closing Date and calculated using the applicable valuation principles set forth on Schedule 2.6(a) to the Seller Disclosure Letter.