Inventory Valuation Method definition
Examples of Inventory Valuation Method in a sentence
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.
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.
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.
Each Shareholder shall be entitled to protect and enforce its rights, including, without limitation, the rights arising out of this Agreement, and it shall not be necessary for any other Shareholder to be joined as an additional party in any Proceeding for such purpose.
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").
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.