Inventory Adjustment definition

Inventory Adjustment means the debit or credit owed by or to an operator resulting from a difference between the value of their inventory on hand at the time of the closing inventory and the value of the initial inventory.

Inventory Adjustment has the meaning set forth in Section 2.05(a).

Inventory Adjustment has the meaning set forth in Section 2.6.3.4(b)(3).

Examples of Inventory Adjustment in a sentence

• Functional Group=AWPurpose: This Draft Standard for Trial Use contains the format and establishes the data contents of the Warehouse Inventory Adjustment Advice Transaction Set (947) for use within the context of an Electronic Data Interchange (EDI) environment.

• In the event of a dispute with respect to the Inventory Adjustment Amount, the Materials and Supplies Adjustment Amount or the Maintenance and Capital Expenditures Amount, the Buyer and the Seller shall attempt to reconcile their differences and any resolution by them as to any disputed amounts shall be final, binding and conclusive on the parties.

• Copies of inventory adjustments are kept in the Inventory File; the originals are filed in the Inventory Adjustment File.

• The Inventory Adjustment Amount, the Materials and Supplies Adjustment Amount and the Maintenance and Capital Expenditures Adjustment Amount are referred to collectively as the "Adjustment Amount." The Adjustment Statement shall be prepared using the same generally accepted accounting principles, policies and methods as the Seller has historically used in connection with the calculation of the items reflected on the Adjustment Statement.

• The overage/shortage in TRUFACS for that accounting period generates a Semi-Annual Inventory Adjustment.

More Definitions of Inventory Adjustment

Inventory Adjustment this adjustment is intended to capture the cash flow impact of Company’s accumulation or depletion of inventory. It is calculated as the quarterly change in inventory from the balance sheet, plus the inventory valuation adjustment from the income statement.

Inventory Adjustment. As defined in Section 2.5(b).

Inventory Adjustment means an amount calculated as follows:

Inventory Adjustment means an amount equal to the difference between (a) the Inventory Value and (b) the Inventory Target.

Inventory Adjustment means an amount equal to the difference between the Closing Date Inventory and the Inventory Target, provided, however, that the Inventory Adjustment shall in no event be greater than $0.00.

Inventory Adjustment means with respect to any Inventory, as of any time, and to the extent not already reflected as a deduction to Inventory Value in the books and records of the Company and its Subsidiary, the aggregate value of all unusable, stale or obsolete Inventory at such time, as determined in accordance with GAAP and Annex C. For purposes of this definition, the Inventory shall be deemed to have a value equal to (x) in the case of Inventory that is aged not less than 6 months but not more than 12 months, the lesser of cost or fair market value and (y) in the case of Inventory that is aged more than 12 months, zero.

Inventory Adjustment shall have the meaning provided in Section 3.2.