Common use of Net Worth Clause in Contracts

Net Worth. Net Worth" shall mean the assets of a Person minus the liabilities of the Person, as of a given date as determined in accordance with generally accepted accounting principles, consistently applied with prior periods.

Appears in 5 contracts

Samples: Merger Agreement (Biomedical Technology Solutions Holdings Inc), Merger Agreement (Biomedical Technology Solutions Holdings Inc), Merger Agreement (XML Global Technologies Inc)

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Net Worth. Net Worth" shall mean the assets of a Person minus the liabilities of the Person, as of a given date as determined in accordance with generally accepted accounting principles, principles consistently applied with prior periods.

Appears in 4 contracts

Samples: Merger Agreement (Skylynx Communications Inc), Merger Agreement (Skylynx Communications Inc), Merger Agreement (Skylynx Communications Inc)

Net Worth. Net Worth" shall mean the assets of a Person minus the liabilities of the Person, as of a given date as determined in accordance with generally accepted accounting principles, consistently applied with prior periods.

Appears in 4 contracts

Samples: Merger Agreement (Guardian Technologies International Inc), Merger Agreement (Southshore Corp /Co), Merger Agreement (Guardian Technologies International Inc)

Net Worth. Net Worth" shall mean the assets of a Person minus the liabilities of the Person, as of a given date as determined in accordance with generally accepted accounting principles, principles consistently applied with prior periods.

Appears in 2 contracts

Samples: Agreement and Plan of Exchange (Vitro Biopharma, Inc.), Merger Agreement (Vitro Biopharma, Inc.)

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Net Worth. Net Worth" shall mean the assets of a Person minus the liabilities of the Person, as of a given date as determined in accordance with generally accepted accounting principles, consistently applied with prior periods.

Appears in 1 contract

Samples: Merger Agreement (MedClean Technologies, Inc.)

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