Inventory Valuation Method definition

Inventory Valuation Method means the lower of cost or market, on a first-in, first-out method (net of allowance for obsolete or slow moving Inventory) in accordance with GAAP, consistently applied and consistent with Seller’s historical accounting method.
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Inventory Valuation Method means the method agreed upon by Buyer and Sellers for determining the value of the Inventory, as set forth in EXHIBIT G.
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Inventory Valuation Method means the agreed rules for valuing the Inventory set forth in Section 7 of Schedule 3.4(a).
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Examples of Inventory Valuation Method in a sentence

  • This will include the current value of stored fuel oil and propane, as discussed under "Inventory Valuation Method" which follows.

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  • Stago and Trinity shall instruct the Independent Auditor to limit its examination to the unresolved Disputed Items and to make its determination in accordance with, for the Inventory, the Inventory Valuation Method and the principles set forth in this Agreement, and otherwise, the Accounting Principles and the principles set forth in this Agreement and within the range of amounts referred to in the Disputed Items as set forth in the Closing Statement and the Objection Statement.

  • The Closing Balance Sheet shall be prepared in accordance with GAAP using Sellers' historical costs and significant accounting policies, applied on a consistent basis, except that Inventory shall be valued in accordance with the Inventory Valuation Method.

  • In reaching its determination with respect to disputed matters involving the Closing Inventory Valuation, the accounting firm shall be guided by the Inventory Valuation Method.

  • Trinity shall provide Stago with the documents set forth in the Inventory Valuation Method 10 calendar days prior to the Closing Date, which shall be updated and revised in a form reasonably acceptable to Stago for no later than three calendar days prior to the Closing Date.

  • The Closing Inventory shall be determined by a physical inventory conducted in the presence of both parties pursuant to the Inventory Valuation Method starting on the Closing Date, with both Stago and Trinity to use their best commercial efforts to proceed promptly.

  • For purposes of the valuation of the Inventory as of Closing (the "Closing Inventory Valuation"), the Inventory shall be valued on a FIFO basis in a manner consistent with Seller's historical practices for each respective Business Location, including Seller's cigarette tax liability arising from the sale of the Inventory to Buyer, to determine the cost price of the Inventory for purposes of this Agreement (the "Inventory Valuation Method").


More Definitions of Inventory Valuation Method

Inventory Valuation Method has the meaning set forth in Section 1.4.
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Inventory Valuation Method means FIRST IN, FIRST OUT. "Knowledge of the Company" or any other similar knowledge qualification, means the actual knowledge of Seller or of any officer or director of the Company after due inquiry. "Knowledge of Seller" or any other similar knowledge qualification, means the actual knowledge of Seller and constructive knowledge, which means knowledge that an ordinary person would have after making reasonable inquiry and exercising prudence of a reasonable manner in the same or similar circumstances.
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Related to Inventory Valuation Method

  • Inventory Value has the meaning set forth in Section 2.1.

  • Approved Valuation Firm means, with respect to any Collateral Obligation, each of (a) Xxxxxx Xxxxxx, (b) Xxxxxxxx Xxxxx, (c) Lincoln International LLC, (d) Duff & Xxxxxx and (e) any other nationally recognized valuation firm approved by the Borrower and the Facility Agent.

  • Company Valuation means $135,000,000.

  • MCE Valuation Period means, subject to any extension (as described in further detail in the Conditions), the period commencing from and including the moment upon which the Mandatory Call Event occurs and up to the end of the following trading session on the Index Exchange; and

  • Adjusted Net Book Value means, as of any date of determination, with respect to each Adjusted Program Vehicle as of such date, the product of 0.965 and the Net Book Value of such Adjusted Program Vehicle as of such date.

  • MFP Valuation Date means the MFP Settlement Valuation Date;

  • Final Valuation Date means the Final Valuation Date as specified in § 1 of the Product and Underlying Data. If the Final Valuation Date is not a Calculation Date the immediately following Banking Day which is a Calculation Date shall be the Final Valuation Date.

  • FX Valuation Date means the FX Calculation Date immediately following the respective Valuation Date.

  • Excess valuation assets for a valuation period means:

  • Bid Valuation Date means January 15, 2010.

  • Exercise Valuation Date means the first Scheduled Trading Day of the month following the expiry of 35 calendar days after the Exercise Date. For the avoidance of doubt, the 35 calendar day period is mandatory and non-waivable by either the Issuer or the Holder.

  • Acceptable earned value management system means an earned value management system that generally complies with system criteria in paragraph (b) of this clause.

  • Initial Valuation means, when used with reference to specified Collateral, the Valuation initially performed for the Collateral as of the date on which the Collateral was added to the Collateral Pool. The Initial Valuation for each of the Initial Mortgaged Properties is as set forth in Exhibit A to the Agreement.

  • Annual Valuation Date means the Valuation Date each calendar year so designated by the Trust, commencing in the calendar year 2003.

  • ST Valuation Date means the Redemption Valuation Date.

  • Quarterly Valuation Date means the last Business Day of each February, May, August and November of each year commencing on the first such date next following the Date of Original Issue of a series of MTP , except with respect to delivery of Accountant’s Confirmation in which case “Quarterly Valuation Date” shall mean the last Business Day of such of the last Business Days of February, May, August and November in each year as is selected by S&P.

  • SPS Valuation Date means the SPS Redemption Valuation Date or the Strike Date, as applicable.

  • Historical Fair Market Value means the volume weighted average price of the Ordinary Shares during the ten (10) trading day period ending on the trading day prior to the first date on which the Ordinary Shares trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights. No Ordinary Shares shall be issued at less than their par value.

  • Adjusted Gross Sales means for either party distributing and selling Product (in this Section the “Selling Party”):

  • Inventory Formula Amount means (i) the lesser of (x) 75% of the Value of Eligible Inventory and (y) 85% of the NOLV Percentage of the Value of Eligible Inventory plus (ii) the lesser of (x) the lesser of (1) 75% of the Value of Eligible In-Transit Inventory and (2) 85% of the NOLV Percentage of the Value of the Eligible In-Transit Inventory and (y) $10,000,000.

  • Call Valuation Date means the first Scheduled Trading Day of the month following the expiry of 35 calendar days after the Issuer’s Call Date. For the avoidance of doubt, the 35 calendar day period is mandatory and non- waivable by either the Issuer or the Holder.

  • Assessed Valuation means the amount for which the Real Property is assessed pursuant to applicable provisions of the New York City Charter and of the Administrative Code of the City of New York for the purpose of imposition of Taxes.

  • Adjusted Consolidated Net Tangible Assets means (without duplication), as of the date of determination, the remainder of:

  • Gross Calorific Value of “GCV” shall mean that quantity of heat expressed in Kilowatt- hour produced by the complete combustion of one (1) normal cubic metre of Natural Gas at twenty-five (25) degrees Celsius and an absolute pressure of one decimal zero one three two five (1.01325) bar with excess air at the same temperature and pressure as the Natural Gas when the products of combustion are cooled to twenty-five (25) degrees Celsius and when the water formed by combustion is condensed to the liquid state and the products of combustion contain the same total mass of water vapor as the Natural Gas and air before combustion.

  • Baseline Value for each of the Company and the Peer Companies means the dollar amount representing the average of the Fair Market Value of one share of common stock of such company over the five consecutive trading days ending on, and including, the Effective Date.

  • Currency Valuation Notice means a notice given by the Required Multicurrency Lenders to the Administrative Agent stating that such notice is a “Currency Valuation Notice” and requesting that the Administrative Agent determine the aggregate Revolving Multicurrency Credit Exposure. The Administrative Agent shall not be required to make more than one valuation determination pursuant to Currency Valuation Notices within any rolling three month period.