Company Financial Conditions. (a) The Company's net worth (i) as of the end of its most recent fiscal year was not less than $3.7 million, and (ii) as of the Closing will not be less than the Net Worth Target. For purposes of this Section 5.9(a), calculation of amounts as of the Closing shall be made in accordance with the last paragraph of Section 8.9.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (U S a Floral Products Inc)
Company Financial Conditions. (a) i. The Company's net worth (i) as of the end of its most recent fiscal year was not less than $3.7 million3,200,000, and (ii) as of the Closing will not be less than the Net Worth Target. For purposes of this Section 5.9(a), calculation of amounts as of the Closing shall be made in accordance with the last paragraph of Section 8.9.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Consolidation Capital Corp)
Company Financial Conditions. (a) The Company's net worth (i) as of the end of its most recent fiscal year December 31, 1997, was not less than $3.7 million4,179, and (ii) as of the Closing will not be less than the Net Worth Target. For purposes of this Target subject to Section 5.9(a1.3(d), calculation of amounts as of the Closing shall be made in accordance with the last paragraph of Section 8.9.
Appears in 1 contract
Company Financial Conditions. (a) The Company's net worth (i) as of the end of its most recent fiscal year was not less than negative $3.7 million2,000, and (ii) as of the Closing will not be less than the Net Worth Target. For purposes of this Section 5.9(a), calculation of amounts as of the Closing shall be made in accordance with the last paragraph of Section 8.9.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (U S a Floral Products Inc)
Company Financial Conditions. (a) The Company's net worth (i) as of the end of its most recent fiscal year was not less than negative $3.7 million, 524,000 and (ii) as of the Closing will not be less than the Net Worth Target. For purposes of this Section 5.9(a), calculation of amounts as of the Closing shall be made in accordance with the last paragraph of Section 8.9.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (U S a Floral Products Inc)
Company Financial Conditions. (a) The Company's net worth (i) as of the end of its most recent fiscal year was not less than $3.7 million2,294,000, and (ii) as of the Closing will not be less than the Net Worth Target. For purposes of this Section 5.9(a4.9(a), calculation of amounts as of the Closing shall be made in accordance with the last paragraph of Section 8.97.9.
Appears in 1 contract
Samples: Stock Purchase Agreement (U S a Floral Products Inc)
Company Financial Conditions. (a) The Company's net worth (i) as of the end of its most recent fiscal year was not less than $3.7 million961,000, and (ii) as of the Closing will not be less than the Net Worth Target. For purposes of this Section 5.9(a), calculation of amounts as of the Closing shall be made in accordance with the last paragraph of Section 8.9.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (U S a Floral Products Inc)
Company Financial Conditions. (a) The Company's net worth (i) as of the end of its most recent fiscal year December 31, 1996 was not less than $3.7 5.4 million, and (ii) as of the Closing will not be less than the Net Worth Target. For purposes of this Section 5.9(a), calculation of amounts as of the Closing shall be made in accordance with the last paragraph of Section 8.9.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (U S a Floral Products Inc)