Inventory Date definition

Inventory Date means the close of business on the date of completion of the Inventory (as defined in Section 4.1), which date shall not be more than three (3) days prior to the Closing Date, or such later date prior to the Closing as is mutually agreed by Seller and Buyer.

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Inventory Date has the meaning set forth in Section 2.4.

Inventory Date shall have the meaning set forth in Section 3.2(a), below.

Examples of Inventory Date in a sentence

• The date that the Inventory Count is taken in each Store shall be referred to as to each Store as the "Inventory Date".

• Notwithstanding the foregoing, the Initial Payment shall be adjusted, on a dollar for dollar basis, by the amount by which the value of the Inventory on the Inventory Date is either greater or less than nine hundred thousand ($900,000) dollars.

• The piles of Unprocessed Inventory observed and measured on the Inventory Date are located on level ground and are comprised solely, throughout the pile, of the quality and grade of material visible on the outer surface of the pile.

• In the event that the Sale commences at any Store subject to Inventory Taking prior to the completion of the Inventory Taking at such Store, then, for the period from the Sale Commencement Date for such Store until the Inventory Date for such Store, Agent and Merchant shall jointly keep (i) a strict count of gross register receipts less applicable Sales Taxes but excluding any prevailing discounts (“Gross Rings”), and (ii) cash reports of sales within such Store.

• The Inventory Service will use its established inventory policies and procedures (copies of which shall be furnished to the Qualified Representatives of Buyer and Seller prior to the Inventory Date) to complete the count of Acquired Inventory at each Leased Premises.

More Definitions of Inventory Date

Inventory Date shall have the meaning set forth in Section 4(a) hereof.

Inventory Date has the meaning set forth in Section 3.3.

Inventory Date has the meaning set forth in §2.2(b) below.

Inventory Date means the close of business on March 28, 1998.

Inventory Date means the day immediately prior to the Closing Date, when representatives of Buyer and Seller shall jointly make a physical inspection and count of the Inventory, at the location of the Pharmacy, and determine the value of the Inventory.

Inventory Date has the meaning Section 6.20 specifies.

Inventory Date means a date mutually agreed upon by the Seller and Purchaser, which must be prior to the receipt of Inventory at the Purchaser’s New Jersey warehouse.