Actual Net Worth definition

Actual Net Worth means, as of any applicable date, the amount by which the consolidated total assets of the Company on the applicable date exceed the total liabilities on such date, with total assets and total liabilities calculated in accordance with the Net Worth Methodology.

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Actual Net Worth means the actual net worth of the BHR Group as reflected on a balance sheet for the BHR Group as of the close of business on the Spin-Off Date prepared in accordance with this Section 2.6 and on a basis consistent with, and using the same accounting principles, policies, practices and procedures used in preparing, the Post-Closing Balance Sheet and giving effect to the payment of the estimated Post Closing Settlement Amount (the "Final Post-Closing Balance Sheet").

Actual Net Worth shall have the meaning set forth in Section 2.4 hereof.

Examples of Actual Net Worth in a sentence

For the purposes of calculating the Actual Net Worth of the Company as of an applicable date, consolidated total assets and total liabilities of the Company shall be prepared in accordance with GAAP on a basis consistent with the Company's historical financial statements (except for the absence of notes).
Closing Date Net Worth" shall mean the Actual Net Worth reflected on the Closing Date Balance Sheet.
December Net Worth" shall mean $173,476,529, the Actual Net Worth as of December 31, 2003 as reflected on the December Balance Sheet and calculated in accordance with the Net Worth Methodology.
In any case the position analysis form will be submitted to the Board through the supervisor.
Van Hirtum or Mr. Jerome Smolar by reason of t▇▇ ▇▇▇▇▇▇ (the "EMPLOYEE PA▇▇▇▇▇▇"), such Employee Payments shall be payable to each of them out of the Cash Consideration withheld as provided in Section 3(b)(iii) hereof, and shall not reduce NHG's Actual Net Worth, and NHG, the NHG Subsidiaries, Capital or Capital's Subsidiaries, as applicable, shall withhold from the Employee Payments paid to Messrs.
The Actual Net Worth shall be determined by the Companies' accountants and delivered to CTC for review by CTC's accountants within thirty (30) days after the Closing Date.
If Sellers Representative disputes Buyer’s calculation of the Actual Net Worth, Sellers Representative shall deliver a written notice (“Net Worth Dispute Notice”) to Buyer within such thirty (30) day period.
Notwithstanding anything to the contrary in Section 4.1 hereof, all of the Accounting Fees shall be paid for by Company, but consistent with Section 3.2(f) hereof, only one half (1/2) of the Accounting Fees will be taken into account in determining the Estimated Net Worth and Actual Net Worth of Company, which has the effect of Company and Cerprobe each paying one half (1/2) of the Accounting Fees.
All payments to be made to either Purchaser or Parent pursuant to this Section 2.4 shall be made by check or by wire transfer of immediately available funds to Parent’s accounts or Purchaser’s account, as applicable, within three (3) Business Days after the date on which Actual Net Worth is finally determined pursuant to Section 2.3 above.
Any Taxes of Company with respect to the portion of such period ending on the Closing Date, to the extent such Taxes were not included as a liability in the calculation of Actual Net Worth, shall be paid in cash by Parent.

More Definitions of Actual Net Worth

Actual Net Worth means the Net Worth of the Companies as of the Closing Date, as determined by the Companies' accountants in accordance with the procedures employed by Jeff Birk in his "Agreed Upon Pr▇▇▇▇▇▇▇▇ Report" dated December 31, 1999, but subject to the provisions of Section 2.4.

Actual Net Worth means the Net Worth as shown on the True-Up Balance Sheet, as adjusted pursuant to Section 1.3(c).

Actual Net Worth means the net worth of the Company determined in accordance with GAAP, as reflected on the Closing Balance Sheet. The Merger Consideration Deduction, if any, shall be returned by the Stockholder to Precept Transportation from the Merger Consideration held in escrow pursuant to Section 7.6 hereof. Such Merger Consideration Deduction shall be made pro rata, based on the amount of assets held in such escrow account. Parent Class A Common Stock will be valued for such purpose at the Closing Date Price.

Actual Net Worth has the meaning set forth in Section 7.2(c).

Actual Net Worth means the Net Worth as shown on the True-Up Balance Sheet, as adjusted pursuant to SECTION 1.3(c). "Affiliate(s)" means any Person controlling, controlled by, or under common control with, another "Person"; for purposes of this definition (and for such purposes only), "control" shall mean the ownership, directly or indirectly, of 50% or more of the outstanding common stock of a Person.

Actual Net Worth is defined in Section 2.7.1.