General Price Adjustments. The Purchase Price is subject to adjustments to be determined as follows: (a) For purposes of this Agreement, the term "Net Assets" shall mean, as of the date immediately preceding the Closing Date, the total assets of the Business, which total net assets shall equal: (i) the gross assets of the Business, (without taking into consideration any depreciation or amortization accrued over the period from June 30, 2000 through the Closing Date) minus (ii) the gross liabilities of the Business, each as determined in accordance with United States generally accepted accounting principles ("GAAP") consistently applied throughout the periods determined on the same basis as used to prepare the June 30, 2000 Balance Sheet.
Appears in 4 contracts
Samples: Asset Purchase Agreement (Mining Services International Corp/), Asset Purchase Agreement (Mining Services International Corp/), Asset Purchase Agreement (Mining Services International Corp/)
