Estimated Inventory Statement definition

Estimated Inventory Statement means an unaudited statement setting out the Seller’s bona fide estimate of the Estimated Inventory Amount prepared by the Seller pursuant to Clause 5 in the same format as the pro forma Inventory Statement set out in Part I (Pro Forma Inventory Statement) of Schedule 11 (Pro Forma Statements).
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Estimated Inventory Statement shall have the meaning assigned thereto in Section 2.4(a).
Sample 1
Estimated Inventory Statement means the mutually agreed upon estimated ----------------------------- statement of finished goods inventory attached hereto as Schedule 1(d).
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Examples of Estimated Inventory Statement in a sentence

  • 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.

  • On the day immediately preceding the Closing Date, Seller shall deliver to Buyer a detailed estimated statement of the physical count of the Inventory as of the close of business on the Saturday preceding the Closing Date, based upon the physical inventory count of the LA Stores conducted by the Inventory Consultant, as adjusted in accordance with the terms set forth in Schedule C, and upon the physical inventory count of the Distribution Center conducted by Seller (the "Estimated Inventory Statement").

  • The Estimated Inventory Statement shall also set forth the estimated Inventory Value (as defined in Schedule D) and the estimated Purchase Price determined pursuant to Schedule D.

  • Buyer shall pay $34,200,000 (or such lesser amount as may be determined pursuant to the Estimated Inventory Statement (as defined below)) to Seller on the Closing Date (the "Closing Payment") by wire transfer of immediately available funds to an account or accounts of Seller at a bank or banks specified by Seller no later than three business days prior to the Closing Date.

  • The Estimated Inventory Statement and the Estimated Inventory Value shall be prepared in a manner consistent with Schedule 2.

  • The Estimated Inventory Statement and the Estimated Inventory Value shall be prepared in a manner consistent with Schedule 2.6.

  • The costs and expenses associated with Purchasers' review (and audit, if applicable) of the Estimated Inventory Statement shall be borne by the Purchasers, jointly and severally.

  • Any amounts forfeited pursuant to Sections 8.2, 8.3 or 10.8 shall be held in an account to be known as the “forfeiture suspense account” until allocated pursuant to Section 6.5.3.

  • If the Final Inventory Statement is less than the Estimated Inventory Statement, the Purchase Price will be decreased by the difference and the Seller will promptly pay to Buyer such amount.

  • 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) the value of Inventory, as reflected on the Estimated Inventory Statement.


More Definitions of Estimated Inventory Statement

Estimated Inventory Statement shall have the meaning set forth in Section 8.2(a).
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Estimated Inventory Statement the meaning set forth in Section 3.3.
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Related to Estimated Inventory Statement

  • Inventory Value has the meaning set forth in Section 2.1.

  • Estimated Closing Statement has the meaning set forth in Section 2.4(a).

  • Statutory Statement means a statement of the condition and affairs of an Insurance Subsidiary, prepared in accordance with accounting procedures and practices prescribed or permitted by an applicable insurance regulatory authority or the NAIC, as modified in accordance with permitted practices approved by an applicable insurance regulatory authority, and filed with an applicable insurance regulatory authority or the NAIC.

  • Transferred Inventory has the meaning set forth in Section 2.2(a)(iii).

  • Final Working Capital Statement has the meaning set forth in Section 2.04.

  • Closing Statement means the Closing Statement in the form on Annex A attached hereto.

  • Estimated Closing Balance Sheet has the meaning set forth in Section 2.6(a).

  • Estimated Cash has the meaning set forth in Section 2.4(a).

  • Obsolete Inventory means items that have expired, are redundant or

  • Working Capital Statement has the meaning set forth in Section 2.3(a).

  • Inventory Formula Amount means (i) the lesser of (x) 75% of the Value of Eligible Inventory and (y) 85% of the NOLV Percentage of the Value of Eligible Inventory plus (ii) the lesser of (x) the lesser of (1) 75% of the Value of Eligible In-Transit Inventory and (2) 85% of the NOLV Percentage of the Value of the Eligible In-Transit Inventory and (y) $10,000,000.

  • Closing Working Capital Statement has the meaning set forth in Section 2.04(b)(i).

  • Audited financial statement means a financial statement audited by an outside accounting firm.

  • Excess Inventory means all Inventory and Special Inventory possessed or owned by Flextronics that is not required for consumption to satisfy the next [***] of demand for Products under the then-current purchase order(s) and forecast.

  • Closing Financial Statements has the meaning set forth in Section 6.22.

  • Excluded Inventory means any of the following inventory of goods, merchandise, or other inventory of Seller located at the Leased Premises: (a) all items in the Fresh Departments;

  • Monthly Statement The statement delivered to the Certificateholders pursuant to Section 4.06.

  • Final Statement means the statement defined in Sub-Clause 14.11 [Application for Final Payment Certificate].

  • Statutory Statements has the meaning set forth in Section 3.6(a).

  • Estimated Closing Cash has the meaning set forth in Section 2.4(a).

  • Operating Statement Analysis Report format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Annual Statement means the annual statutory financial statement of any Insurance Subsidiary required to be filed with the insurance commissioner (or similar authority) of its jurisdiction of incorporation, which statement shall be in the form required by such Insurance Subsidiary’s jurisdiction of incorporation or, if no specific form is so required, in the form of financial statements permitted by such insurance commissioner (or such similar authority) to be used for filing annual statutory financial statements and shall contain the type of information permitted by such insurance commissioner (or such similar authority) to be disclosed therein, together with all exhibits or schedules filed therewith.

  • Estimated Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a) hereof.

  • Audited Financial Statements means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2012, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto.

  • Explanatory Statement means the explanatory statement which forms part of the Notice;

  • Financial Statement has the meaning set forth in Section 4(g) below.