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MRVL » Topics » Final Closing Net Inventory Value

This excerpt taken from the MRVL 10-Q filed Sep 8, 2005.
Final Closing Net Inventory Value”) and the amount of any check provided to Buyer with the Statement (if any) is less than $5,300,000, Seller shall, within ten (10) business days after the determination of the Final Closing Net Inventory Value, deliver to Buyer a check payable to Buyer in the amount of the excess of (i) $5,300,000 over (ii) the sum of the Final Closing Net Inventory Value and the amount of any check provided to Buyer with the Statement (if any).  Conversely, if the sum of the Final Closing Net Inventory Value and the amount of any check provided to Buyer with the Statement (if any) is more than $5,300,000, Buyer shall, within ten (10) business days after the determination of the Final Closing Net Inventory

 

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Value, deliver to Seller a check payable to Seller in the amount by which the sum of the Final Closing Net Inventory Value and the amount of any check provided to Buyer with the Statement (if any) exceeds $5,300,000. 

 

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