Common use of THE INVENTORY Clause in Contracts

THE INVENTORY. On the completion date, Dalhom will sell to the company, and the company will buy from Dalhom, all of the inventory of Temsa spare parts that will be in its possession on that date, according to an inventory check that will be made jointly by the representatives of Dalhom and Automax, at the cost price of the inventory in Dalhom’s books, including the cost of taxes (without VAT) and the cost of shipping to the place of storing the inventory (hereinafter: ‘the inventory’ and ‘the amount of the value of the inventory’). The company will pay Dalhom the amount of the value of the inventory plus VAT in cash. In return for the payment, Dalhom will issue to the company a tax invoice according to law. On the date of the sale of the inventory, the company will convert an amount identical to the amount of the value of the inventory, before VAT, into permanent capital out of Automax’s loans.