Common use of Value of Transferred Assets Clause in Contracts

Value of Transferred Assets. 6.1 Notwithstanding any provision in this Agreement to the contrary, the intention of the parties is that the Purchase Price and the aggregate fair market value of the Consideration Shares be equal to the fair market value of the Transferred Assets at the Closing Date. If the Company or the Transferor determines that the actual fair market value of the Transferred Assets as at the Closing Date may be greater or less than the fair market value of the consideration to be given therefor by the Company (whether such determination is based on an appraisal, advice from an accountant, the determination of a court of competent jurisdiction, a determination, assessment, or proposed assessment by a competent taxing authority, or on any other factor or evidence) then: