Inventory Price definition

Inventory Price means the aggregate cost to Seller of the Inventory as of the Option Closing Date, calculated on the basis of (a) the highest acquisition cost paid by Seller for such Inventory during the twelve (12) month period prior to the Option Closing Date for any product that have been transacted in any quantity in that twelve (12) month period (excluding any pricing resulting from invoice errors or exceptional circumstances, as reasonably agreed between Seller and Buyer), or last price paid for any product that have not been transacted in any quantity in the last twelve (12) months prior to the Option Closing Date, (b) the freight costs associated with Seller’s initial purchase of such Inventory from the Partnership, and (c) packaging cost and cost of Kitting, if any. Any purchase by Buyer of the Inventory will be FOB Seller’s facility in Florence, Kentucky.

Inventory Price means 57% of landed cost value of the Acquired Inventory located at the DC, the Acquired Leased Real Property locations or facilities operated or controlled by Pennwood Products, Framerica or their respective Affiliate (it being understood that the Reserved Inventory shall be excluded from the Acquired Inventory for the purpose of determining the Inventory Price).

Inventory Price shall have the meaning set forth in Section 1.6.

Examples of Inventory Price in a sentence

• If the applicant’s method is neither the double-extension method nor the Inventory Price Index Computation method, attach a statement describing the method in detail and justifying the applicant’s use of the selected method (see instructions).

• If the applicant’s method is neither the double-extension method nor the Inventory Price Index Computation method, attach a statement describing the method in detail and justifying the applicant’s use of the selected method.

• Within a period not later than ten (10) business days after final agreement as to the amount and value of the Inventory (the “Reconciled Inventory Price”), Seller shall pay to Buyer the amount by which the Estimated Inventory Price exceeds the Reconciled Inventory Price or Buyer shall pay to Seller the amount by which the Reconciled Inventory Price exceeds the Estimated Inventory Price.

• No party can recover under paragraphs 12.1 or 12.2 an amount in excess of the principal amount of the cash (excluding accrued interest, the Merchandise Inventory Price and the Receivables Price) paid by the Buyer to the Seller pursuant to this Agreement and other documents executed in connection (the “Indemnification Cap”).

• For wastes not listed on the Inventory Price Sheet, please call Clean Harbors at 1-253-638-3544 for a cost estimate.

More Definitions of Inventory Price

Inventory Price has the meaning set forth in Subsection 6.3.

Inventory Price means the lesser of Seller's direct cost --------------- of the Inventory as of the Closing Date, or the direct replacement cost thereof as of the Closing Date, as reasonably determined by Purchaser's accountants in accordance with generally accepted accounting principles consistently applied.

Inventory Price shall have the meaning set forth in Section 2.1.

Inventory Price means Seller's book value, of all food or foodstuffs (collectively, the "Inventory") conveyed to Purchaser pursuant to this Agreement. "Third-Party Huntcliff Unit Prices" means, with respect to all Third-Party Huntcliff Units acquired by Huntcliff Seller under the terms of this Agreement

Inventory Price means for each Month, (i) in the event that the Inventory Volume Variance is positive for that Month, the ENPP for the first day of the following Month or (ii) in the event that the Inventory Volume Variance is negative for that Month, the NPP for that Month minus the Inventory Carrying Cost Per Gallon.

Inventory Price has the meaning set forth in Section 4.01(a).

Inventory Price means, with respect to each unit of Inventory to be purchased by Buyer in accordance with Section 3.1(g), an amount equal to [***].