Inventory Statement definition

Inventory Statement has the meaning set forth in Section 2.17(a)(ii).

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Inventory Statement shall have the meaning set forth in Section 4.2.

Inventory Statement means any report submitted by the Collector with regard to the inventory of Used Tires and/or parts thereof held on the Collector’s premises and/or in the Collector’s inventory, as at a certain date;

Examples of Inventory Statement in a sentence

• Notwithstanding anything contained herein to the contrary, the Parties hereby agree that the Closing Inventory Adjustment Amount shall in no event exceed an amount equal to $450,000 minus the book value (as set forth on the Inventory Statement) of all Inventory that is physically accounted for during the Post-Closing Inventory Count.

• As used herein “Missing Inventory” means any Inventory that is (A) purported to be located at: (i) the Belgrade Facility, or (ii) any Consigned Inventory Facility of a customer of the Company Group that sold products of the Acquired Business from and after January 1, 2024 until the date hereof and in each case of (i) and (ii) where a physical count was done, and (B) is reflected in the Inventory Statement but is not physically located during the Post-Closing Inventory Count.

• For the avoidance of doubt, the Parties hereby acknowledge and agree that in the event Buyer does not elect to conduct the Post-Closing Inventory Count pursuant to Section 3.3(b), the Closing Inventory Valuation shall be determined solely based on the Inventory Statement.

More Definitions of Inventory Statement

Inventory Statement means any report submitted by the Hauler with regard to the inventory of Used Tires and/or parts thereof held on the Hauler’s premises and/or in the Haulers’s inventory, as at a certain date;

Inventory Statement has the meaning ascribed to such term in Section 9.3.1.

Inventory Statement has the meaning set forth in Section 2.5(d).

Inventory Statement has the meaning set forth in Section 3.3(c).

Inventory Statement has the meaning set forth in Section 2.07(c).

Inventory Statement means an unaudited statement setting out the amount of the EDS Inventory as at the Effective Time prepared in the same format as the pro forma Inventory Statement set out in Part I (Pro Forma Inventory Statement) of Schedule 11 (Pro Forma Statements), as prepared and agreed or determined in accordance with Clause 6 (Post-Completion Adjustment).

Inventory Statement means any report submitted by the Processor with regard to the inventory of Used Tires and/or parts thereof held on the Processor’s premises and/or in the Processor’s inventory, as at a certain date;