Common use of Inventory Value Clause in Contracts

Inventory Value. At Closing the book value of the inventory (which for purposes of this Section 5.24 means the inventories recorded in the following balance sheet accounts: HIC-CFI; Fabric Filters-CFI; Spare Parts; On-Site HIC; and RO Systems Spare Parts) included in the Acquired Assets, determined in accordance with GAAP applied on a consistent basis, shall not be less than $650,000.

Inventory Value. At Closing the book value of the inventory (which for purposes of this Section 5.24 means the inventories recorded in the following balance sheet accounts: HIC-CFI; Fabric Filters-CFI; Spare Parts; On-On- Site HIC; and RO Systems Spare Parts) included in the Acquired Assets, determined in accordance with GAAP applied on a consistent basis, shall not be less than $650,000.