Inventory Statement Clause Samples

Inventory Statement. Seller and Buyer shall have agreed upon and delivered the Inventory Statement described in Section 2.4 and Article 3 above, which shall detail the Closing Inventory and any additional Inventory.

Inventory Statement. At least three (3) Business Days prior to the Closing, the Company Entities shall deliver to Parent or a representative of Parent an Inventory estimate (the “Inventory Statement”) that shall be included as part of the Estimated Closing Statement, in accordance with the definition of Inventory and in accordance with the inventory accounting principles set forth in Exhibit G (the “Inventory Accounting Principles”); provided that, to the extent the definition of Inventory conflicts with the Inventory Accounting Principles, the definition of Inventory shall supersede the Inventory Accounting Principles. The Inventory Statement shall contain a list by product category, item number, or as is otherwise customary, the number and cost of each item of Inventory, and the estimated cost for such Inventory, as of the Closing. Parent and the Company Entities shall conduct a physical review of the Inventory on the Closing Date in accordance with the definitions in this Agreement and the Inventory Accounting Principles, which Inventory results shall be used in the determination of the Final Closing Statement pursuant to Section 2.17(b).

Inventory Statement. Within thirty (30) days of the date of expiration or the effective date of termination with respect to any or all Licensed PSP Products or this Agreement, Publisher shall provide SCEA with an itemized statement, certified to be accurate by an officer of Publisher, specifying the number of unsold Units of the Licensed PSP Products as to which such termination applies, on a title-by-title basis, which remain in its inventory or under its control at the time of expiration or the effective date of termination. SCEA shall be entitled to conduct at its expense a physical inspection of Publisher’s inventory and work in process upon reasonable written notice during normal business hours in order to ascertain or verify such inventory and inventory statement.

Inventory Statement. Within thirty (30) days of the date of ------------------- expiration or the effective date of termination with respect to any or all Licensed Products, Licensee shall provide Sony with an itemized statement, certified to be accurate by an officer of Licensee, specifying the number of unsold units of the Licensed Products as to which such termination applies, on a title-by-title basis, which remain in its inventory and/or under its control at the time of expiration or the effective date of termination. Sony shall be entitled to conduct a physical inspection of Licensee's inventory and work in process during normal business hours in order to ascertain or verify such inventory and/or statement.

Inventory Statement. Contractor shall maintain detailed records of property acquired for Petroleum Operations. On a Quarterly basis, Contractor shall provide Staatsolie with an Inventory Statement containing: (a) description and codes of all assets and Controllable Materials; (b) amounts charged to the accounts for each asset; (c) date on which each asset was charged to the account; and (d) whether the costs of such asset has been recovered pursuant to Article 13 of the Contract.

Inventory Statement. If the request to exercise the purchase option is not made within the agreed time, as in case of termination of the Lease Agreement and this Agreement, the Lessor may have an inventory report drawn up by a recognized expert in this area, who it will choose to appoint. If the outcome of this inventory reveals that the Property is not in a good state of maintenance and operation, the Lessee will be required to restore or replace the equipment and materials that are in bad condition that are considered to be fixtures, and which are necessary for the normal operation of the Property. The Lessee shall, at its own expense, remove signs and exterior panels and refurbish what results from this removal.

Inventory Statement. (a) Not later than three (3) days prior to the Closing Date, Seller shall deliver to Buyer a statement setting forth (i) the Advances Value and (ii) Seller’s good faith calculation of the Inventory Value (the “Seller’s Estimated Inventory Value”). Not later than seven (7) calendar days after the Closing Date, Buyer shall provide Seller with a statement (the “Buyer’s Inventory Value Statement”) of Buyer’s calculation of the Inventory Value (the “Buyer’s Inventory Value”). If Seller disagrees with Buyer’s Inventory Value set forth in Buyer’s Inventory Value Statement, Seller may provide written notice to Buyer disputing such calculations or lack thereof (an “Inventory Dispute Notice”), which Inventory Dispute Notice shall specify Seller’s calculation of the Inventory Value and the nature of the disagreement to the extent practicable. If Seller does not provide an Inventory Dispute Notice within seven (7) calendar days after its receipt of Buyer’s Inventory Value Statement, then, subject to Buyer’s compliance with this Section 2.7(a), such Buyer’s Inventory Value Statement shall be deemed accepted by Seller, and Buyer’s Inventory Value shall be deemed final, and no longer subject to review or contest by Seller in the absence of fraud or manifest error. If an Inventory Dispute Notice is timely delivered to Buyer, then, during the seven (7) calendar day period following delivery of the Inventory Dispute Notice, the Parties shall negotiate in good faith to resolve all disagreements and to agree upon the calculation of the Closing Inventory Value and the amount of Inventory Value agreed upon by the Parties in writing shall be deemed final for purposes of this Agreement. If the Parties are unable to so agree, they shall follow the dispute resolution mechanism set forth in Section 2.7(b). Any Inventory Value finally determined in accordance with this Section 2.7(a) or Section 2.7(b) shall be deemed the “Closing Inventory Value” for purposes of this Agreement. Upon final calculation of the Closing Inventory Value:

Inventory Statement. Within [***] of the date of expiration or the effective date of termination with respect to any or all Licensed Products or this GDPA, Publisher shall provide each SIE Company with an itemized statement, certified to be accurate by an officer of Publisher, specifying the number of unsold units of the Physical Media Products as to which such termination applies, on a title-by-title basis, which remain in its inventory or under its control in the relevant Territory at the time of expiration or the effective date of termination. SIE shall, at any time up to [***] after the date of expiration or termination and no more than once, be entitled to conduct at its expense a physical inspection of Publisher’s inventory and work in progress upon reasonable prior written notice (no less than [***]) during normal business hours in order to ascertain or verify such inventory and inventory statement.

Inventory Statement. (a) Contractor shall maintain detailed records of property acquired for Petroleum Operations. (b) On a Quarterly basis, Contractor shall provide Petrobangla an inventory statement containing: