Inventory Methodology definition

Inventory Methodology has the meaning set forth in Section 2.3(a).

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Inventory Methodology shall have the meaning set forth in Section 4.1.1.

Inventory Methodology shall have the meaning set forth in Section 2.6.

Examples of Inventory Methodology in a sentence

• Seller covenants that its inventory processes and documentation (i.e. any and all periodic statements or reports issued to third parties with inventory at each terminal) accurately reflect the actual physical inventories for each third party at each terminal (before accounting for any gain or loss determined by the Hydrocarbon Inventory Methodology).

• If the actual physical volumes of Hydrocarbon Inventory is less than the volumes of Third Party Hydrocarbon Inventory, or if any Third Party Hydrocarbon Inventory does not meet the required product specifications, Buyer shall amend the settlement invoice for the Purchased Inventory Sales Agreement to account for any deviations from the Third Party Hydrocarbon Inventory volumes and specifications, using the prices set forth in Schedule 6.3(n), Hydrocarbon Inventory Methodology.

• This Inventory Methodology (the “Exhibit”) sets forth (i) the methods by which the quantity of the Products and the Chemicals which make up the Inventories at the time of Closing shall be measured or otherwise determined, and (ii) the formulas or methodology for determining the value of such Inventories.

• The former MRC EP supported the initiative of developing a Wetland Inventory Methodology Framework (WIMF) for the purposes of inventorying wetlands in the LMB Countries.

• For any issue not specifically addressed in such Inventory Methodology, the Inventory count shall be taken in accordance with generally accepted standards and be consistent with past procedures and practices of Seller and that are planned with due care and are reasonably sufficient to produce a proper count of such Inventory.

• Other than with respect to any items specifically excluded by the definitions contained herein, the Estimated Statements described above shall be prepared using the Accounting Principles and the Inventory Methodology, as applicable, and consistent with the illustrative Working Capital as set forth on Schedule 2.06(b).

• It may be recollected that India had an agreement with Cyprus too which provided for capital gains tax exemption similar to Mauritius.

• After the physical count is complete which shall occur no later than ten (10) days following the Closing, Buyers shall immediately provide the information obtained in such count to Sellers in writing, and Buyers shall conduct an inventory valuation using the Inventory Methodology which shall be completed no later than twenty-one (21) days following the Closing Date.

• Each of the deliveries set forth in this Section 2.4 shall be prepared in accordance with the Inventory Methodology.

• Such Inventory count shall be taken in accordance with the Inventory Methodology.

More Definitions of Inventory Methodology

Inventory Methodology has the meaning set forth in Section 1.5(c). “Knowledge of the Seller,” “the Seller’s Knowledge,” “Known to the Seller,” or other like words mean the actual knowledge of ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇, and ▇▇▇▇ ▇▇▇▇▇ obtained in the normal course of their respective duties as officers or employees of Seller or the knowledge that any such Person would have had if he or she had made a reasonable inquiry of such Person’s direct report.

Inventory Methodology means the accounting methodologies set forth on Section 1.01(b) of the Disclosure Schedules.

Inventory Methodology are set forth in Exhibit G hereto. “IRS” means the United States Internal Revenue Service. “Law” means any federal, state, local, municipal, foreign, tribal or other law (including common law), statute, legislation, constitution, principle of common law, resolution, ordinance, code, proclamation, treaty, convention, rule, regulation, proposed regulation, listing standard, directive, requirement, specification, executive decree or judgment or interpretation that is issued, enacted, promulgated, or otherwise put into effect, by or under the authority of any Governmental Authority. “Lien” means any lien, pledge, mortgage, deed of trust, security interest, attachment, levy or other similar encumbrance affecting title to the Seller Owned Real Property or Seller Leased Real Property. “Losses” means any and all Claims, judgments, causes of action, liabilities, obligations, damages, losses, deficiencies, costs, penalties, interest, and expenses. “Master Lease” means the Amended and Restated Master Land and Building Lease dated June 5, 2018 by and among Pipe Portfolio Owner (Multi) LP, Forterra Pipe & Precast, LLC, Forterra Concrete Products, Inc., United States Pipe and Foundry Company, LLC and Forterra Concrete Industries, Inc. “Material Adverse Effect” means (a) a material adverse effect on the financial condition of the business conducted at the Designated Plants (to the extent affecting the Seller Assets or the Assumed Seller Liabilities), or (b) an event or circumstance affecting the Seller Assets or the Designated Plants that makes impossible the consummation of the transactions contemplated by this Agreement, but, in each case, excluding any such effect attributable to or resulting from (i) the public announcement of the transactions contemplated hereby, (ii) any change in the Laws of general applicability or interpretations thereof by any court or other Governmental Authorities, (iii) any change in general economic conditions or in interest rates, (iv) any disruption in the capital markets, (v) any change in conditions affecting the concrete pipe and precast industry generally or any sector thereof or (vi) any facts or developments described in the Seller Schedules. Any determination as to whether any condition or other matter has a Material Adverse Effect shall be reasonable and shall be made only after taking into account all proceeds or amounts that are expected to be received by the Purchaser or the Sellers with respect to such condition or matter from...