Closing Date Net Worth. At the Closing the Company will have current assets, net of total liabilities, calculated according to GAAP of at least One Million Two Hundred Thousand Dollars ($1,200,000.00); and at the Closing the Company shall have delivered to Buyer a certificate dated the Closing Date to such effect with supporting financial information, signed by the President or any Vice President and the Secretary or any Assistant Secretary of the Company.
Closing Date Net Worth. As of the Closing Date, immediately prior to the consummation of the transaction contemplated hereby, the net worth of the Company shall be no less than $-0- and there shall be no liability to the Company arising as a result of the transaction contemplated hereby.
Closing Date Net Worth. (a) The term "
Closing Date Net Worth. Closing Date Net Worth" shall mean the Actual Net Worth reflected on the Closing Date Balance Sheet.
Closing Date Net Worth. On December 1, 1998, the Company will have a net worth, calculated in accordance with GAAP, of at least Three Million Six Hundred Thousand Dollars ($3,600,000).
Closing Date Net Worth. (a) DETERMINATION OF THE CLOSING DATE NET WORTH. As promptly as reasonably practicable, and in any event within 90 days following the Closing Date, the Seller shall deliver to the Buyer an audited balance sheet of the Company, dated as of the close of business on the Closing Date (but for purposes of such audited balance sheet without giving effect to the Closing or any of the transactions contemplated hereby) (the "Closing Date Balance Sheet"), prepared by Arthxx Xxxexxxx X.X.P. ("AA") on an accrual basis in accordance with Modified GAAP. For purposes of this Agreement, "
Closing Date Net Worth. 1.7.1 The cash portion of the Closing Date Payment payable to the Shareholders hereunder shall be reduced on a dollar-for-dollar basis in the event that the Estimated Closing Date Net Worth (as hereinafter defined) of MDI is less than $166,667.
Closing Date Net Worth. At the Closing the Company will (i) have a net worth, exclusive of assets attributable to revenues assigned to Benefit Funding Services, LLC by Randxxx X. Xxxx xxx John Xxxxxxxx, xxlculated according to GAAP of at least Three Million Five Hundred and Thirty-Three Thousand, Six Hundred Dollars ($3,533,600.00), and (ii) sufficient working capital to operate the Company and the Subsidiaries; and at the Closing the Company shall have delivered to Buyer a certificate dated the Closing Date to such effect with supporting financial information, signed by the President or any Vice President and the Secretary or any Assistant Secretary of the Company.
Closing Date Net Worth. 1.7.1 The cash portion of the Closing Date Payment payable to the Shareholders hereunder shall be reduced on a dollar-for-dollar basis in the event that the aggregate Estimated Closing Date Net Worth (as hereinafter defined) of CLG and EDG is less than $333,333.
Closing Date Net Worth. The Closing Date Net Worth Statement shall reflect that the Closing Date Net Worth is not less than One Hundred Five Million and No/100 Dollars ($105,000,000.00).
