Inventory Count. The Purchased Subsidiaries shall take a physical count of the quantities of Inventory held by the Purchased Subsidiaries (the “Inventory Count”) no later than September 18, 2018. Representatives of Buyer, including Buyer’s designated independent accountants, shall be invited to observe the Inventory Count being conducted. The valuation of the Inventory Count shall be computed in a manner that is consistent with the method historically used by Seller to value the inventory of the Business during its year-end book closing process. The results of the Inventory Count shall be used for the purposes of the calculation of Closing Date Inventory at the Initial Closing.
Appears in 3 contracts
Sources: Asset and Equity Purchase Agreement, Asset and Equity Purchase Agreement (Del Frisco's Restaurant Group, Inc.), Asset and Equity Purchase Agreement (Del Frisco's Restaurant Group, Inc.)