Net Inventory Value definition

Net Inventory Value. ’ means inventories plus derivative financial assets (excluding any fair value of interest rate derivatives) minus derivative financial liabilities (excluding any fair value of interest rate derivatives) plus hedged firm commitments assets minus hedged firm commitments liabilities, as more specifically described in the Group’s most recent consolidated annual financial statements.
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Net Inventory Value means the Product Inventory Value less amount of the Accounts Payable as of the specified date.
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Net Inventory Value means, at any date (a) 85% of the book value of Inventory then pledged as Collateral minus (b) the Inventory First Lien Obligations Net Amount, each determined at such date.
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Examples of Net Inventory Value in a sentence

  • If the Statement as prepared by Seller reflects a Closing Net Inventory Value of less than $5,300,000, Seller shall include with the Statement a check payable to Buyer in the amount of the difference between $5,300,000 and the Closing Net Inventory Value.

  • Unless Buyer gives written notice of its disagreement with the Statement (a “ Notice of Disagreement”) to Seller prior to the twentieth (20th) day following delivery of the Statement, then (A) the Statement shall become final and binding upon such 20th day, and (B) if the Closing Net Inventory Value is more than$5,300,000, Buyer within five (5) business days thereafter will deliver to Seller a check payable to Seller in the amount by which the Closing Net Inventory Value exceeds $5,300,000.

  • Conversely, if the sum of the Final Closing Net Inventory Value and the amount of any check provided to Buyer with the Statement (if any) is more than $5,300,000, Buyer shall, within ten (10) business days after the determination of the Final Closing Net Inventory Value, deliver to Seller a check payable to Seller in the amount by which the sum of the Final Closing Net Inventory Value and the amount of any check provided to Buyer with the Statement (if any) exceeds $5,300,000.

  • For purposes of determining the Closing Net Inventory Value, the Inventory shall be valued in accordance with the methodology used by Seller in the preparation of the Financial Statements, including netting any reserve for excess or obsolete inventory against the gross inventory balance.

  • On the Closing Date, the Seller shall calculate and shall certify to the Purchaser (i) the Net Inventory Value as of the Closing Date (the “ Closing Net Inventory Value ”) and (ii) the Net AR as of the Closing Date (the “ Closing Net AR ”).


More Definitions of Net Inventory Value

Net Inventory Value means, as of any given date, the amount of the Owned Net Inventory, net of applicable provisions, determined in accordance with the Calculation Principles.
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Net Inventory Value means the amount equal to (a) the gross inventory value of the Acquired Inventory as set forth on the books and records of the Seller, which have been maintained in accordance with GAAP, less (b) any inventory reserve balance set forth on such books and records.
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Net Inventory Value means the value of the Inventory for the Business (net of reserves and accumulated depreciation) on the Closing Date and excluding consigned Inventory supplied to Seller by vendors. All of the above shall be computed in accordance with the first sentence of Section 2.3(a) and shall be subject to the further provisions of Schedule 2.3.
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Net Inventory Value is defined in Section 2.3.
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Related to Net Inventory Value

  • 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.

  • Consolidated Adjusted EBITDA means, for any period, an amount determined for Borrower and its Subsidiaries on a consolidated basis equal to Consolidated Net Income for such period, plus, (i) to the extent deducted in determining Consolidated Net Income for such period, the sum, without duplication of amounts for:

  • Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.