Examples of Estimated Inventory Value in a sentence
The Company shall prepare, in good faith, and deliver to Buyer, at least three Business Days prior to the Closing Date, a certificate signed by the Company's Chief Executive Officer and Chief Financial Officer (the "Closing Financial Certificate") setting forth the Estimated Net Receivables Amount and the Estimated Inventory Value.
The Closing Payment will be adjusted upwards or downwards as follows: (i) if Estimated Inventory Value exceeds $9,000,000 (the “Inventory Value Target”), then the Closing Payment will be increased by such excess, and (ii) if the Estimated Inventory Value is less than the Inventory Value Target, then the Closing Payment will be reduced by the amount by which Estimated Inventory Value is less than the Inventory Value Target.
No later than ten (10) Business Days prior to the Closing Date, Seller shall deliver to Buyer a written notice which sets forth Seller’s good faith estimate of the Estimated Liabilities Value and the Estimated Inventory Value and the amount of the Closing Payment deriving therefrom (the “Estimate”).
The Purchase Price shall be increased or decreased on a dollar-for-dollar basis for each dollar that the Adjusted Inventory Value (as hereinafter defined) as of the Closing Date exceeds or is less than the Estimated Inventory Value.
Upon delivery by Seller of a finalized list of Inventories transferred to Purchaser, in accordance with Section 4.4.3, Purchaser will pay to Seller (or Seller will pay to Purchaser) the difference between the net book value on the books of Seller of the Inventories transferred to Purchaser and the Estimated Inventory Value set forth in Section 2.2(a).