Final Inventory Statement definition

Final Inventory Statement means the statement that sets forth the Inventory Value as of the Closing Time, prepared by the Seller in accordance with Section 2.8(b) and, in the event that the Buyer delivers a Notice of Disagreement in accordance with Section 2.8(b)(ii), as adjusted by agreement of the Buyer and the Seller, or by the Independent Accounting Firm, acting pursuant to Section 2.8(c).
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Final Inventory Statement has the meaning set forth in Section 2.8(b).
Sample 1
Final Inventory Statement means (A) the Closing Inventory Statement if no Dispute Notice is given by Seller within the time period set forth in Section 1.6(d) or (B) if a Dispute Notice is timely ------ --- given and all of the disputed items are resolved by mutual agreement of the parties, the Closing Inventory Statement, as amended if necessary, to reflect such resolution of all disputes or (C) if a Dispute Notice is timely given and any or all of the disputed items are submitted to the Designated Accounting Arbitrator for resolution, the Closing Inventory Statement, as amended if necessary, to reflect the resolution of any disputes by mutual agreement of the parties and the resolution of all other disputes by the Designated Accounting Arbitrator.
Sample 1

Examples of Final Inventory Statement in a sentence

  • The Final Inventory Statement shall also set forth the Inventory Value, and the Purchase Price and the resulting Final Payment amount determined pursuant to Schedule D.

  • For all such purposes the allocation of the Purchase Price shall be set forth on a statement which shall be prepared by Purchaser and delivered to Seller promptly following Seller's delivery of the Final Inventory Statement.

  • The fees and disbursements of the Representatives of each Party incurred in connection with the preparation or review by such Representatives of the Final Inventory Statement and preparation or review of any Notice of Disagreement, as applicable, shall be borne by such Party.

  • Except for Non-Salable Inventory (as defined in Schedule D), all Inventory which is reflected on the inventory statement related to the Business prepared by Seller as of August 2, 1997 and attached hereto as part of Schedule 2.08 (the "August Inventory Statement") consisted of, and all Inventory which will be reflected on the Final Inventory Statement will consist of, items of a quantity and quality normally salable in the ordinary course of operation of the Business.

  • If any Inventory remains after the Sell-off Period and after delivery of the Final Inventory Statement to Universal, Licensee shall, as directed by Universal, either: (i) donate such Inventory to K.I.D.S., a non-profit charitable organization benefiting children that is supported by Universal (and Licensee shall be permitted to obtain any tax benefit attributable to or allowed in connection with such donation); or (ii) destroy such Inventory, unless otherwise directed by Universal.

  • If the amount of the Final Inventory Purchase Price as set forth on the Final Inventory Statement is greater than the amount of the Estimated Inventory Purchase Price set forth on the Initial Inventory Statement, the Buyer shall promptly pay the difference to the Seller in immediately available funds, with interest from the Closing Date at a floating rate per annum equal to the reference rate of interest announced from time to time by Bank of America, N.A., of San Francisco.

  • Unless otherwise agreed upon, the Initial Inventory Statement and the Final Inventory Statement shall be prepared in accordance with GAAP, except with respect to the valuations to be applied to the Supplied Production Components and WIP as set forth in the respective definitions of such terms.

  • Following the Closing, Seller shall prepare and deliver to Purchaser a statement which sets forth an accurate and complete list of the Inventory and the expiration dates of Existing Products and New Products that have been labeled and packaged for sale as of the Closing Date (the "Final Inventory Statement").

  • For all such purposes the allocation of the Purchase Price shall be set forth on a statement which shall be prepared by Purchaser and delivered to Seller promptly following Seller’s delivery of the Final Inventory Statement.

  • The arbitrator shall be instructed to use its commercially reasonable efforts to determine the proper resolution of the matter or matters in dispute within thirty (30) calendar days after the submission to it of the Final Inventory Statement and a statement of Purchaser's objections thereto, and, in any case, as soon as practicable after such submission.


More Definitions of Final Inventory Statement

Final Inventory Statement has the meaning set forth in Section 3.3(b).
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Final Inventory Statement shall have the meaning set forth in Section 3.4.
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Related to Final Inventory Statement

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

  • 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.

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

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

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

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

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

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

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

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

  • Final Invoice is defined in Section 9.10(a).

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

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

  • Seller Financial Statements has the meaning set forth in Section 3.5(a).

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

  • Inventory Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof.

  • Target Financial Statements has the meaning set forth in Section 3.4.

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

  • Quarterly Statement means the quarterly statutory financial statement of any Insurance Subsidiary required to be filed with the insurance commissioner (or similar authority) of its 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 quarterly statutory financial statements and shall contain the type of financial information permitted by such insurance commissioner (or such similar authority) to be disclosed therein, together with all exhibits or schedules filed therewith.

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

  • Closing Statements has the meaning set forth in Section 3.3(b).

  • Buyer Financial Statements shall have the meaning set forth in Section 4.6.

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

  • 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.

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