Merchandise Inventory Value definition
Merchandise Inventory Value means the amount to be paid for the Merchandise Inventory, calculated in accordance with the provisions of Section 2.7(b)(ii).
Merchandise Inventory Value means the book value of the Merchandise Inventory as of the Valuation Date. Book value of inventory shall be calculated at Sellers’ average cost. Book value shall include a provision for reserve for inventory that as of the Closing has not been sold for a period of eighteen (18) months or inventory in excess of a twelve (12) month supply (“Inventory Reserve”). The Merchandise Inventory Value shall not include the book value of defective or damaged goods.
Merchandise Inventory Value means an aggregate dollar amount for all constituent items of Merchandise Inventory valued at the cost of such Merchandise Inventory as of the Measurement Time as reflected on the financial books and records of the Company and in accordance with GAAP as consistently applied during the twelve month period prior to the Closing Date.
Examples of Merchandise Inventory Value in a sentence
The Base Amount payable by Buyer on the Closing Date shall be increased by the amount of the Estimated Merchandise Inventory Value.
The Merchandise Inventory Value shall not include the book value of defective or damaged goods.