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.
On the date which is at least three (3) Business Days prior to the Completion Date, the Seller shall provide to the Purchaser a bona fide written estimate of the Estimated Debt-Like Items Amount, the Estimated Net Intercompany Amount, the Estimated Inventory Amount and the Estimated Working Capital Amount in the form of an Estimated Net Intercompany Statement, an Estimated Debt-Like Items Statement, an Estimated Inventory Statement and an Estimated Working Capital Statement.
The main impact of the adoption of ASU 2021-08 will be the recognition of contract assets and contract liabilities in future business combinations at amounts generally consistent with the carrying value of such assets and liabilities of the acquiree immediately before the acquisition date.
Not earlier than five (5) days prior to the Closing Date, Sellers shall prepare and submit to Buyer a schedule setting forth Sellers' good faith estimate of the total amount payable for the Inventory at or in transit to each Real Property being conveyed to Buyer (the "Estimated Inventory Amount") and the cash on hand at the Real Properties, and Buyer shall pay the Estimated Inventory Amount and estimate of cash on hand to BP at Closing (collectively, the "Closing Payment").
If the Final Inventory Amount exceeds the Estimated Inventory Amount, Purchaser shall pay to Seller, in the manner as provided in this Section 2.2(e), only the amount of such excess as an adjustment to the Purchase Price.