Common use of Inventory Price Clause in Contracts

Inventory Price. The Inventory Price shall be determined by taking a physical count of the good and saleable inventory of the Business as of the date immediately preceding the Closing Date and applying the valuation methodology set forth on the attached EXHIBIT 6. Representatives of Seller and Buyer shall jointly conduct the physical count of the inventory of the Business, to be evaluated by Buyer according to the provisions of this Agreement. Any costs which are payable to third parties related to the physical count of inventory shall be shared equally by Buyer and Seller.