Unfinished Goods definition
Examples of Unfinished Goods in a sentence
For purposes of this Section 3.5, "Net Deferred Closing Inventory" means the Deferred Closing Unfinished Goods Inventory minus the Deferred Closing Trade Payables.
Upon completion of the Special Audits (but not later than 30 days after the Closing Date or the Deferred Closing Date, as the case may be), Parent shall prepare and deliver schedules to Buyer setting forth the Physical Inventory Value (excluding Unfinished Goods) as of the Closing Date and Unfinished Goods as of the Deferred Closing Date observed during the Special Audit.
Such Special Audit shall be conducted as of the Closing Date with respect to all Inventory other than Unfinished Goods and as of the Deferred Closing Date with respect to Unfinished Goods.
The closing with respect to the Unfinished Goods and Trade Payables (the "Deferred Closing") shall be consummated at 10:00 A.M., local time on the first day following the termination of the Contract Manufacturing Agreement, at the offices of Sidley & Austin, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, or at such other place or at such other time as shall be agreed upon by Buyer and Parent.
Upon delivery to Buyer on the Closing Date of the instruments of transfer contemplated by Section 4.4, Parent will thereby transfer, or cause to be transferred, to Buyer good and marketable title to the Purchased Assets (except for the Unfinished Goods to be transferred pursuant to Section 4.5), subject to no Encumbrances, except for Permitted Encumbrances and those matters described in Schedule 5.17.