Inventory Payment definition

Inventory Payment shall have the meaning given such term in Section 2.2(b) of this Agreement.

Inventory Payment is defined in Section 3.1(b).

Inventory Payment means, with respect to a given period, the amount determined by multiplying the Prime Rate by *** of the Inventory Base Amount for such period.

Examples of Inventory Payment in a sentence

• Settlement following the final working capital adjustment.One-third of the Inventory Payment, subject to a cap of $2,500,000, was paid on the Closing Date, and is included in the cash consideration listed above.

• Settlement following the final working capital adjustment (the value included is an estimate).One-third of the Inventory Payment, subject to a cap of $2,500,000, was paid on the Closing Date, and is included in the cash consideration listed above.

• In addition, the following Sections of this Agreement shall survive any termination or expiration of this Agreement: Section 2.2 (with respect to Hard Costs), Section 2.1.2 (with respect to Third-Party Ad Inventory Payment amounts) and Sections 3.2 and 4-23 (inclusive).

• Unless otherwise stated in writing, iHeartMedia’s Fees (including Associated Cash Commitment and Third-Party Ad Inventory Payment amounts) and Hard Costs do not include any taxes, levies, duties or similar governmental assessments of any nature, including value-added, sales and use, or withholding taxes, assessable by any local, state, provincial, federal or foreign jurisdiction (collectively, “Taxes”).

• Severance of Joint Tenancy with Former Spouse or Domestic Partner 223CPC § 5046.

More Definitions of Inventory Payment

Inventory Payment means the collective amount owed by the Purchasers to the Sellers pursuant to Sections 2 and 3 of Exhibit G. “IP Licenses” means, collectively, all Inbound Licenses and all Outbound Licenses.

Inventory Payment has the meaning set forth in Section 2.5.

Inventory Payment has the meaning set forth in Section 3.1(e).

Inventory Payment has the meaning set forth in Section 2.11.

Inventory Payment has the meaning assigned to such term in Section 2.4(b)(i). “Kidney and Liver License Agreement” means that certain Amended and Restated License and Product Development Agreement dated July 1, 2008, between the Company and FSI, as amended, related to kidney and/or liver tumor ablation devices using HIFU technology. “Law” means all laws, rules, regulations, ordinances, judgments, decrees, orders, writs and injunctions of, administered or issued by, or pertaining to any Governmental Entity. “Liabilities” has the meaning assigned to such term in Section 2.2(b). “Liens” means any and all liens, charges, security interests, options, purchase rights, claims, mortgages, pledges, proxies, voting trusts or agreements, obligations, understandings or arrangements or other restrictions on title or transfer, or which could compel transfer, of any nature whatsoever. “Loss” has the meaning assigned to such term in Section 6.2. “Manufacturing Agreement” means that certain Amended and Restated Manufacturing Agreement dated July 1, 2008, between FSI and the Company, as amended. “Notice of Dispute” has the meaning assigned to such term in Section 7.1(a). “Payments” has the meaning assigned to such term in Section 2.4(b). “Payment Variance” has the meaning assigned to such term in Section 2.4(b). “Person” means a natural person, partnership, corporation, limited liability company, business trust, joint stock company, trust, unincorporated association, joint venture, Governmental Entity or other entity or organization. “ProRhythm Business” means the business of developing the ProRhythm Patents, including, manufacturing and selling HIFU products worldwide using the ProRhythm Patents together with extensions and additions to the patents thereto. “ProRhythm Patents” means the three United States patents and the assets purchased by the Company from PRORHYTHM, INC. pursuant to and as set forth in Exhibit A and Exhibit B to that certain asset purchase agreement, dated April 29, 2009, set forth on Schedule 1.1 to this Agreement. “Purchase Price” has the meaning assigned to such term in Section 2.4(a). “Purchase Price Payments” has the meaning assigned to such term in Section 2.4(a). “Purchaser” has the meaning assigned to such term in the preamble. “Purchaser Indemnified Parties” has the meaning assigned to such term in Section 6.2. “Records” has the meaning assigned to such term in Section 2.1(a)(x).

Inventory Payment means the dollar amount payable for the items specified on Schedule 1.1.

Inventory Payment means the aggregate of (i) 90% of the net book amount as of the Closing and reflected on the Closing Balance Sheet (on a cost basis) of all Eligible Inventory, (ii) 15% of the net book amount as of the Closing and reflected on the Closing Balance Sheet (on a cost basis) of all Excess Eligible Inventory, and (iii) 5% of the net book amount as of the Closing and reflected on the Closing Balance Sheet (on a cost basis) of all Obsolete Inventory.