Inventory Book Value definition

Inventory Book Value means Scotts' standard cost at the time of production (including provision for the cost of shipping from the production facility to the distribution warehouse), as reflected in Scotts' books and records.
Sample 1Sample 2Sample 3
Inventory Book Value means the value of the Eligible Inventory as determined quarterly by Borrower in accordance with GAAP and based upon Borrower's inventory position as reported by Borrower in its quarterly filings with the Securities and Exchange Commission.
Sample 1
Inventory Book Value has the meaning specified in Section 3.3(a).
Sample 1

Examples of Inventory Book Value in a sentence

  • In the event that the Final Statement reflects a decrease in the actual cost of the Inventory, the aggregate Book Value of the Fixed Assets, the amount paid in Paid Time Off or the Advertising Allowance, the Purchase Price shall be adjusted downward (i) on a dollar for dollar basis for any decrease in the cost of Inventory, Book Value of the Fixed Assets, or amount paid in Paid Time Off, and (ii) one dollar for every two dollar decrease in Advertising Allowance.

  • Adjusts price as if higher sale value was obtained upfront from ESL (a) 62.5% of Inventory Book Value (est.

  • In the event the Final Statement ---------------------------- reflects an increase in the actual cost of the Inventory, the aggregate Book Value of the Fixed Assets, the amount paid in Paid Time Off or the Advertising Allowance, the Purchase Price shall be adjusted upward (i) on a dollar for dollar basis for any increase in the cost of Inventory, Book Value of the Fixed Assets, or amount paid in Paid Time Off, and (ii) one dollar for every two dollar increase in Advertising Allowance.

  • Adjusts price using an adjustment factor pro-rata across set valuation ranges (a) 62.5% of Inventory Book Value (est.

  • If Purchaser raises any objections within the 30-day period in respect of the the Closing Date Balance Sheet and Sellers' determination of the Inventory Book Value, the Post-Petition Liabilities Value and the Accounts Receivables Value, Sellers and Purchaser shall use reasonable efforts to resolve any such objections.

  • Within 14 calendar days after the Closing Date, Sellers shall prepare and deliver to Purchaser, a balance sheet for the Business as of the Closing Date (the "Closing Date Balance Sheet"), together with a statement setting forth -------------------------- Sellers' determination of the Inventory Book Value, the Post-Petition Liabilities Value and the Accounts Receivables Value, in each case as of the Closing Date.

  • At least five Business Days prior to the Closing Date, Seller shall deliver to Buyer a statement (the Estimated Closing Statement) setting forth Seller’s good faith estimate of the Inventory Book Value (the Estimated Inventory Book Value) and, based thereon, its good faith estimate of the Purchase Price (such estimated amount, the Estimated Purchase Price).

  • Within 30 days after receipt of such items, Purchaser may deliver to Sellers a detailed written statement setting forth its objections, if any, to the Closing Date Balance Sheet and determination of the Inventory Book Value, the Post-Petition Liabilities Value and the Accounts Receivables Value.

  • Based on such Physical Inventory, Purchasers shall reasonably determine the amount of the Inventory Book Value as of the Closing Date, subject to Sellers' reasonable approval and taking into account the results of such Physical Inventory and the presence or absence of Inventory.

  • The Purchase Price will be (i) decreased by the amount, if any, by which the Closing Inventory Book Value is less than the Target Closing Inventory Book Value, or (ii) increased by the amount, if any, by which the Closing Inventory Book Value is greater than the Target Closing Inventory Book Value.


More Definitions of Inventory Book Value

Inventory Book Value means all inventory which has been appropriately -------------------- valued on the basis of the lower of historical cost or market standards consistent with GAAP and determined in accordance with such procedures and assumptions to the reasonable satisfaction of Purchaser and Sellers. Notwithstanding anything in this Agreement to the contrary, the
Sample 1
Inventory Book Value means all Inventory which has been appropriately valued on the basis of the lower of historical cost or market standards consistent with GAAP and determined in accordance with such procedures and assumptions to the reasonable satisfaction of Purchaser and Sellers. Notwithstanding anything in this Agreement to the contrary, the term "Inventory", for purposes of determining the Inventory Book Value only, shall exclude all such items which are Slow Moving Inventory.
Sample 1
Inventory Book Value means all Inventory valued on the basis of Sellers' -------------------- historical cost and determined in accordance with the procedures and assumptions set forth in Section 2.2 hereof.
Sample 1
Inventory Book Value means the book value of the Inventory as of as of 12:01 a.m. (local time wherever applied) on the Closing Date, as determined in accordance with GAAP. IRS means the United States Internal Revenue Service.
Sample 1

Related to Inventory Book Value

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

  • Net Book Value means the net book value of the relevant Supplier Asset(s) calculated in accordance with the depreciation policy of the Supplier set out in the letter in the agreed form from the Supplier to the Costumer of even date with this Call Off Contract;

  • Inventory Formula Amount means the lesser of (i) 65% of the Value of Eligible Inventory; or (ii) 85% of the NOLV Percentage of the Value of Eligible Inventory.

  • Gross Book Value means, at any time, the book value of the assets of the REIT, as shown on its then most recent balance sheet, plus the amount of accumulated depreciation shown thereon.

  • Eligible Inventory means and include Inventory of a Borrower, excluding work in process, valued at the lower of cost or market value, determined on a first-in-first-out basis, which is not, in Administrative Agent’s Permitted Discretion, obsolete, slow moving or unmerchantable and which Administrative Agent, in its Permitted Discretion, shall not deem ineligible Inventory, based on such considerations as Administrative Agent may from time to time deem appropriate including whether the Inventory is subject to a perfected, first priority security interest in favor of Administrative Agent and no other Lien (other than a Permitted Encumbrance). In addition, Inventory shall not be Eligible Inventory if it: (a) does not conform to all standards imposed by any Governmental Body which has regulatory authority over such goods or the use or sale thereof; (b) is Foreign In-Transit Inventory or in-transit within the United States; (c) is located outside the continental United States; (d) constitutes Consigned Inventory; (e) is the subject of an Intellectual Property Claim; (f) is subject to a License Agreement that limits, conditions or restricts the applicable Borrower’s or Administrative Agent’s right to sell or otherwise dispose of such Inventory, unless Administrative Agent is a party to a Licensor/Administrative Agent Agreement with the Licensor under such License Agreement (or Administrative Agent shall agree otherwise in its Permitted Discretion after establishing reserves against the Formula Amount with respect thereto as Administrative Agent shall deem appropriate in its sole discretion); (g) is situated at a location not owned by a Borrower unless the owner or occupier of such location has executed in favor of Administrative Agent a Lien Waiver Agreement (or Administrative Agent shall agree otherwise in its Permitted Discretion after establishing reserves against the Formula Amount with respect thereto as Administrative Agent shall deem appropriate in its Permitted Discretion); or (h) or if the sale of such Inventory would result in an ineligible Receivable.

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

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

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

  • Excluded Inventory shall have the meaning set forth in Section 2.4.

  • Eligible Finished Goods Inventory means Inventory that qualifies as Eligible Inventory and consists of first quality finished goods held for sale in the ordinary course of Borrower’s business.

  • Book Value means, with respect to any Asset and any Liability Assumed, the dollar amount thereof stated on the Accounting Records of the Failed Bank. The Book Value of any item shall be determined as of Bank Closing after adjustments made by the Receiver for differences in accounts, suspense items, unposted debits and credits, and other similar adjustments or corrections and for setoffs, whether voluntary or involuntary. The Book Value of a Subsidiary of the Failed Bank acquired by the Assuming Institution shall be determined from the investment in subsidiary and related accounts on the "bank only" (unconsolidated) balance sheet of the Failed Bank based on the equity method of accounting. Without limiting the generality of the foregoing, (i) the Book Value of a Liability Assumed shall include all accrued and unpaid interest thereon as of Bank Closing, and (ii) the Book Value of a Loan shall reflect adjustments for earned interest, or unearned interest (as it relates to the "rule of 78s" or add-on- interest loans, as applicable), if any, as of Bank Closing, adjustments for the portion of earned or unearned loan-related credit life and/or disability insurance premiums, if any, attributable to the Failed Bank as of Bank Closing, and adjustments for Failed Bank Advances, if any, in each case as determined for financial reporting purposes. The Book Value of an Asset shall not include any adjustment for loan premiums, discounts or any related deferred income, fees or expenses, or general or specific reserves on the Accounting Records of the Failed Bank. For Shared-Loss Securities, Book Value means the value of the security provided in the Information Package.

  • Inventory Reserves means such reserves as may be established from time to time by the Agent in its Permitted Discretion with respect to the determination of the saleability, at retail, of the Eligible Inventory, which reflect such other factors as affect the market value of the Eligible Inventory or which reflect claims and liabilities that the Agent determines will need to be satisfied in connection with the realization upon the Inventory. Without limiting the generality of the foregoing, Inventory Reserves may, in the Agent’s Permitted Discretion, include (but are not limited to) reserves based on:

  • Inventory Reserve means reserves established by the Administrative Agent to reflect factors that may negatively impact the Value of Inventory, including change in salability, obsolescence, seasonality, theft, shrinkage, imbalance, change in composition or mix, markdowns and vendor chargebacks.

  • Product Inventory means all inventory owned as of the Closing by Seller or any Affiliate thereof of finished Product that is in conformance with the Specifications and has an expiration date of October 1, 2016 or later, regardless of whether such inventory is held at a location or facility of Seller or any Affiliate (or of any other Person on behalf of Seller or any Affiliate, including in any of Seller’s warehouses, manufacturers, suppliers, distributors or consignees) or in transit to or from Seller or any Affiliate (or any such other Person).

  • In-Transit Inventory means Inventory of a Borrower which is in the possession of a common carrier and is in transit from a Foreign Vendor of a Borrower from a location outside of the continental United States to a location of a Borrower that is within the continental United States.

  • Consigned Inventory means Inventory of any Borrower that is in the possession of another Person on a consignment, sale or return, or other basis that does not constitute a final sale and acceptance of such Inventory.

  • Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Great American Group dated January 22, 2008 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraiser firm pursuant to Section 9.2(b).

  • Eligible In-Transit Inventory means, as of any date of determination thereof, without duplication of other Eligible Inventory, In-Transit Inventory:

  • Inventories means “Inventories” as defined in the Uniform System of Accounts, such as provisions in storerooms, refrigerators, pantries and kitchens, beverages in wine cellars and bars, other merchandise intended for sale, fuel, mechanical supplies, stationery, and other supplies and similar items.

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

  • Inventory Tracking System means the required tracking

  • Eligible Equipment means, at any time of determination, Equipment owned by Borrower which Lender, in its sole discretion, deems to be eligible for borrowing purposes.

  • Finished Goods means completed goods which require no additional processing or manufacturing to be sold to third party customers by the Loan Parties in the ordinary course of business.

  • Inventory Sublimit means the amount(s) set forth in Section 1(d) of Schedule A.

  • Inventory control system means a system described in Section 4-41a-103.

  • full insurable value means one hundred percent (100%) of the actual replacement cost of the Property (excluding foundation and excavation costs and costs of underground flues, pipes, drains and other uninsurable items).