Examples of Target Inventory Value in a sentence
If the Closing Inventory Value, as finally and conclusively determined pursuant to this Section 3.2 is greater than the Target Inventory Value, the Purchaser will pay to the Seller such excess amount concurrently with the First Deferred Payment.
The purchase price for the Transferred Assets is Thirty Two Million Seven Hundred Ten Thousand U.S. Dollars ($32,710,000) plus the Target Inventory Value (the “Closing Date Payment”), subject to any adjustment required under Section 2.2 (as so adjusted, the “Purchase Price”).
In the event that any such postponement should be for a period of more than three full business days after the date of sending or delivering such notice, the time for filing of questionnaires by prospective bidders under Section 2 hereof shall by such notice be postponed to 5:00 P.M., Central time, at the place of delivery specified in Section 2 hereof, on the business day immediately preceding the newly scheduled date for the submission of bids.
In the event that, as of the Closing Date, the actual value of the Inventory is less than the Target Inventory Value, the Purchase Price shall be adjusted downward, on a dollar-for-dollar basis, by the amount at which the actual value of the Inventory is less than the Target Inventory Value.
If the Estimated Inventory Value is greater than the Target Inventory Value, then the Closing Payment payable to Seller at the Closing pursuant to Section 2.5.1 shall be increased by such surplus amount.