Net Inventories definition

Net Inventories means the Company’s and Subsidiaries’ combined inventories of raw materials, work in process and finished goods, calculated in accordance with GAAP net of reserves established by the Company or Subsidiaries calculated in accordance and compliance with GAAP consistent with their respective past practices.
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Net Inventories. (valued on a first-in-first-out basis and net an adequate reserve for obsolete inventory in the ordinary course of business consistent with past practices) of Seller reflected on the Closing Balance Sheet, minus (z) the amount of Seller's "Accounts Payable", "Accrued Employee Compensation" (excluding Seller's accrual for bonuses in an amount not to exceed the Closing Bonus Escrow Accrual and Seller's accrual classified as "Accrued Payroll"), "Accrued Other Expenses" (excluding Seller's accrual classified as workers' compensation, healthcare insurance claims, 401K deductions, in each case, in an amount not to exceed the amount of such accruals on the date hereof) and "Accrued Other Taxes" reflected on the Closing Balance Sheet, which components of the "Closing Working Capital" definition the parties hereto have attempted to further describe on Schedule 3.3 hereto.
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Net Inventories means the raw materials, work-in-progress, finished goods less provisions as consistently reported within the “Net Inventories” in the monthly management reports of the Target Companies and Target Subsidiaries;
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Examples of Net Inventories in a sentence

  • HERCULES shall pay to MACDERMID by check within five (5) BUSINESS DAYS following such disposal an amount equal to the value of such disposed inventories represented in the Net Inventories portion of the CLOSING DATE E&PD MANAGEMENT PERFORMANCE REPORT plus the reasonable costs of such disposal.


More Definitions of Net Inventories

Net Inventories means the Tiffin Group’s and Subsidiaries’ combined inventories, raw materials, chassis, WIP and finished goods, net of reserves, calculated in accordance and consistent with the Accounting Principles.
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Net Inventories means the Tiffin Group’s and Subsidiaries’ combined inventories, raw materials, chassis, Wip and finished goods, net of reserves, calculated in accordance and consistent with the accounting principles.
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Net Inventories means Inventory (valued at cost) in good repair less the amount of the Assumed Payables and the unpaid amount of the Assumed Line. In valuing the Inventory, the parties shall work together to take a count of the Inventory as close to the Closing Date as reasonably practicable but no more than three business days prior to such Date.
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Related to Net Inventories

  • Inventories means “Inventories” as defined in the Uniform System of Accounts, such as, but not limited to, provisions in storerooms, refrigerators, pantries and kitchens; beverages in wine cellars and bars; other merchandise intended for sale; fuel; mechanical supplies; stationery; and other expensed supplies and similar items.

  • Product Inventory means all inventory owned as of the Closing by Seller or any Affiliate thereof of finished Product that is in conformance with the Specifications and has an expiration date of October 1, 2016 or later, regardless of whether such inventory is held at a location or facility of Seller or any Affiliate (or of any other Person on behalf of Seller or any Affiliate, including in any of Seller’s warehouses, manufacturers, suppliers, distributors or consignees) or in transit to or from Seller or any Affiliate (or any such other Person).

  • Inventory Value means the cost of property purchased by the trustee and the market value of other property at the time it became subject to the trust, but the trustee may use any value finally determined for the purposes of an estate or other transfer tax;

  • Obsolete Inventory means items that have expired, are redundant or damaged;

  • Transferred Inventory has the meaning set forth in Section 2.2(a)(iii).