Final Closing Inventory definition

Final Closing Inventory means all Inventory owned by Seller and related to the business, excluding Obsolete Inventory, as of the Closing Date as determined in accordance with Section 3.2.

Final Closing Inventory means the value, at Company’s cost, of the Inventory, on the Closing Statement.

Final Closing Inventory means the Closing Inventory, as finally agreed or determined in accordance with Section 2.4(d).

Examples of Final Closing Inventory in a sentence

• 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) $51,500,000.

• The Purchase Price will be adjusted to the benefit of Buyer or Seller, dollar for dollar, to the extent that the value of the Inventory as of the Closing, as reported in the Final Closing Inventory Statement (as defined below), is more or less than the Target Value (the "Inventory Adjustment").

• Following the Closing, Purchaser shall maintain the accounting books and records on which the Final Closing Inventory Statement is to be based consistent with the Inventory Principles.

• If the aggregate value of inventory reflected on the Final Closing Inventory Statement is less than the Closing Perpetual Inventory Value, the Inventory Adjustment Payment shall be made by Sellers and shall equal the amount of such shortfall.

• If the Final Closing Inventory Amount is greater than the Pre-Closing Inventory Amount, then no adjustment or payment of any kind will be required to be made by Buyer or any of its Affiliates to Seller or any of its Affiliates.

• Any payment due by Seller to Purchaser or by Purchaser to Seller pursuant to this Section 2.4 shall be paid no later than three (3) business days after the determination of the Final Closing Inventory Amount by wire transfer of immediately available funds to such account as shall be designated by the recipient.

• The Closing Inventory Statement, in the form in which it becomes final and binding upon Buyer and Seller as aforesaid, is hereinafter referred to as the "Final Closing Inventory Statement".

• In the event the parties fail to agree, the decision of the arbitrator shall become the Closing Inventory Listing and Final Closing Inventory Value.

• 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.

• The Final Closing Inventory Statement shall be delivered by Seller to Buyer within five (5) business days after it becomes binding upon Buyer and Seller as aforesaid.

More Definitions of Final Closing Inventory

Final Closing Inventory shall have the meaning set forth in Section 3.2(c).

Final Closing Inventory means an amount equal to the aggregate Dealer Acquisition Cost of the Inventory, less the Reserve Amount, related to the Red Distribution Centers as of the close of business on the Closing Date.