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 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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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.

  • Inventory Valuation Method – FIFO, LIFO, Average Cost Method UNIT - IVBudget and Budgetary ControlBudget and Budgetary Control, Cash Budget, Functional Budgets and Flexible Budget.

  • Lubrication is an essential part of preventive maintenance, affecting to a great extent the useful life of the unit.

  • The Closing Date Inventory Statement shall, in reasonable detail, set forth a list of the Inventory of the Business as of the Closing Date and the Value of the Inventory as determined pursuant to the Inventory Valuation Method.

  • PLEASE NOTE THE FOLLOWING If the counterweighted needle is a “proprietary” item, designed and configured for rope access use and suitably covered by instructions and labeling and if the users have been suitably trained, then a Rigging qualification is not required to erect the needle (it MAY still be required for the under frame if this is not “proprietary”).

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  • 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 the event Purchaser and Debtor Seller are unable to resolve all matters in dispute within such ten (10) Business Days period, all unresolved matters shall be submitted to Deloitte & Touche (the “Independent Firm”) to determine the matters in dispute in accordance with the Inventory Valuation Method.

  • Hence from Lemma A.1, we have dl∗(I) increases in I and decreases in d∗s,t.

  • 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 means the agreed rules for valuing the Inventory set forth in Section 7 of Schedule 3.4(a).
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Inventory Valuation Method has the meaning set forth in Section 1.4.
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Related to Inventory Valuation Method

  • Inventory Value means with respect to any Inventory of a Loan Party at the time of any determination thereof, the standard cost determined on a first in first out basis and carried on the general ledger or inventory system of such Loan Party stated on a basis consistent with its current and historical accounting practices, in Dollars, determined in accordance with the standard cost method of accounting less, without duplication, (i) any markup on Inventory from an Affiliate and (ii) in the event variances under the standard cost method are expensed, a Reserve reasonably determined by the Agent as appropriate in order to adjust the standard cost of Eligible Inventory to approximate actual cost.

  • Approved Valuation Firm means, with respect to any Collateral Obligation, any valuation firm either (a) specified on the related Asset Approval Request and approved on the related Approval Notice or Reinvestment Request or (b) otherwise approved in writing by the Administrative Agent in its reasonable discretion.

  • 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.

  • Bid Valuation Date means May 10, 2010.

  • 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.

  • Quarterly Valuation Date means the last Business Day of the last month of each fiscal quarter of the Trust in each fiscal year of the Trust, commencing November 29, 2002.

  • 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.

  • 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.

  • Valuation Point means such time as shall be specified in the relevant Supplement for each Fund.

  • Adjusted Consolidated Net Worth means, at any date, without duplication, the sum of (a) the consolidated shareholders’ equity, determined in accordance with GAAP, of the Guarantor and its Consolidated Subsidiaries, plus (b) the aggregate Hybrid Instrument Amount plus (c) the VA Adjustment Amount; provided that, in determining such Adjusted Consolidated Net Worth, there shall be excluded (i) any “Accumulated Other Comprehensive Income (Loss)” shown on the consolidated balance sheet of the Guarantor and its Consolidated Subsidiaries prepared in accordance with GAAP, (ii) the effect of any election under the fair value option in FASB ASC 825 permitting a Person to measure its financial assets or liabilities at the fair value thereof, and the related tax impact and (iii) all noncontrolling interests (as determined in accordance with Statement of Financial Accounting Standards No. 160, entitled “Noncontrolling Interests in Consolidated Financial Statements”) shown on the consolidated balance sheet of the Guarantor and its Consolidated Subsidiaries.