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.
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Final Closing Inventory means the value, at Company’s cost, of the Inventory, on the Closing Statement.
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Final Closing Inventory shall have the meaning set forth in Section 3.2(c).
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Examples of Final Closing Inventory in a sentence

  • 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").

  • Payment and Final Closing Inventory Value and to make all other payments required to be made by Buyer at Closing in connection with the transactions contemplated hereby and by the Ancillary Agreements and to pay all related fees and expenses of Buyer and its Affiliates as described herein and in the Ancillary Agreements (the “Debt Financing”).

  • At the Closing, except to the extent excluded from the Final Closing Inventory Statement, the Inventory will (a) be current, non-obsolete and saleable in the ordinary course and pursuant in all material respects to all applicable laws, including the FDA Act, and (b) meet in all material respects applicable manufacturing specifications and be free of defects in all material respects.

  • 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.


More Definitions of Final Closing Inventory

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

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

  • Final Closing Cash shall have the meaning set forth in Section 2.11(g).

  • Final Closing Balance Sheet shall have the meaning set forth in Section 2.3(e).

  • Final Closing means the last closing under the Private Placement;

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

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

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

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

  • Inventory Value means with respect to any Inventory of a Loan Party at the time of any determination thereof, the standard cost determined on a first in first out basis and carried on the general ledger or inventory system of such Loan Party stated on a basis consistent with its current and historical accounting practices, in Dollars, determined in accordance with the standard cost method of accounting less, without duplication, (i) any markup on Inventory from an Affiliate and (ii) in the event variances under the standard cost method are expensed, a Reserve reasonably determined by the Agent as appropriate in order to adjust the standard cost of Eligible Inventory to approximate actual cost.

  • Final Closing Date shall have the meaning specified in Section 7.2(a) hereof.

  • Final Closing Working Capital has the meaning set forth in Section 2.5(d).

  • Final Closing Indebtedness means the aggregate amount of Closing Indebtedness set forth in the Final Closing Statement.

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

  • Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.5.

  • Post-Closing Statement has the meaning set forth in Section 3.3(c).

  • Transferred Inventory has the meaning set forth in Section 1.1(e).

  • Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Great American Group dated June 2007 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraisal firm pursuant to Section 9.2(b).

  • Second Closing Date means the date of the Second Closing.

  • Closing Cash means the aggregate amount of all Cash of the Company as of the close of business on the day immediately preceding the Closing Date.

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

  • Final closure means the closure of all hazardous waste management units at the facility in accordance with all applicable closure requirements so that hazardous waste management activities under sections 264 and 265 of this regulation are no longer conducted at the facility unless subject to the provisions in § 262.34.

  • Target Closing Date means three (3) Business Days following receipt of the Approval and Vesting Order, or such other date as the Parties may agree.

  • Preliminary Closing Balance Sheet shall have the meaning set forth in Section 2.3(c)(i).

  • Closing Location means the location that all Proposals for this RFP will be accepted at.