Current Assets Clause Samples
The 'current-assets' clause defines which assets of a company are considered current for the purposes of the agreement. Typically, this includes cash, accounts receivable, inventory, and other assets expected to be converted into cash or used up within one year. By clearly specifying what constitutes current assets, the clause ensures accurate financial reporting and helps both parties assess the company's short-term liquidity and financial health.
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Current Assets all assets (1) the value of which is expected to be realized, or intended for sale or use within the normal operating cycle, or (2) which it holds primarily for trading purposes, or (3) the value of which is expected to be realized within the next 12 (twelve) months, or (4) which are cash or cash equivalent, except the cases when their exchange or use to settle a liability is restricted for at least the next 12 (twelve) months.
Current Assets. “Current Assets” shall mean the aggregate amount of the accounts receivable, short-term investments, inventory and prepaid and other current assets of the (including cash and cash equivalents).
Current Assets. Acquire current assets for use in, or arising from, the sale of goods or services in the ordinary course of its business (including, for this purpose, but without limitation, credit card receivables);
Current Assets. Current Assets means the aggregate amount of all the assets of the Borrower and its Subsidiaries, on a consolidated basis, assets which would, in accordance with GAAP, properly be defined as current assets.
Current Assets. The term "Current Assets" shall mean, with respect to the Company, cash and other assets that are expected to be converted into cash, sold or exchanged within one year from the Closing Date, including marketable securities, receivables, inventory and current prepayments .
Current Assets. Except as specifically set forth in Section 2.1(j) or Section 2.3(i), all Accounts Receivable, notes receivable, prepaid expenses and other current assets (other than Inventory).
Current Assets all the assets of the Customer that are not the object of sale/disposal within any 12 (twelve) month period.
Current Assets. The current assets of the Borrower as measured in accordance with GAAP.
Current Assets. The sum of (a) Accounts Receivable as of the Closing Date which have not been outstanding for more than ninety (90) days, net of any credit balances due to subscribers, and (b)
Current Assets. Receivables own BU (BS01_130) Column B of the Novartis Statement of Net Assets represents receivables against other entities within the Novartis division, which are offset by an equivalent amount in the line Payables own BU. These amounts have been eliminated in Column C of the Novartis Statement of Net Assets.