Common use of Inventory Value Clause in Contracts

Inventory Value. The “Inventory Value” will be valued at the lower of cost or market (“LCM”) in accordance with GAAP and consistent with Seller’s past practices pursuant to Schedule 2.3. To the extent the Inventory Value is less than One Million Eight Hundred Forty-Six Thousand Dollars ($1,846,000), the Cash Portion of the Purchase Price shall be reduced by a like amount. To the extent that the Inventory Value is greater than such amount, the Cash Portion of the Purchase Price shall be increased by such amount.

Inventory Value. The “Inventory Value” will be valued at the lower of cost or market (“LCM”) in accordance with GAAP and consistent with Seller’s past practices pursuant to Schedule 2.3GAAP. To the extent the Inventory Value is less than One Eleven Million Eight Hundred Forty-Six Thirteen Thousand Dollars ($1,846,00011,813,000), the Cash Portion of the Purchase Price shall be reduced by a like amount. To the extent that the Inventory Value is greater than such amount, the Cash Portion of the Purchase Price shall be increased by such amount.