Adjusted Closing Net Worth definition

Adjusted Closing Net Worth means the adjusted net worth of the Company as of the Measurement Date (calculated in accordance with the hypothetical calculation in Section 1.01 of the Company Disclosure Letter).
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Adjusted Closing Net Worth means the Shareholder's Equity of the Company and the Subsidiaries reflected on the Closing Date Balance Sheet. In the event that Seller and Buyer are unable to agree on the Adjusted Closing Net Worth within such 20 day period, Seller and Buyer shall submit the dispute to ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ & Co. (the "Arbiter"), for resolution. Promptly, but no later than 20 days after its acceptance of its appointment as Arbiter, the Arbiter shall determine, based solely on presentations by Seller and Buyer, and not by independent review, only those issues in dispute and shall render a report as to the dispute and the resulting computation of the Adjusted Closing Net Worth which shall be conclusive and binding upon the parties. The fees, costs and expenses of the Arbiter shall be borne by each party in proportion that the aggregate dollar amount of such disputed items so submitted that are unsuccessfully disputed by such party bears to the aggregate dollar amount of the items submitted by the Arbiter.
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Adjusted Closing Net Worth means the Shareholder's Equity of the Company and the Subsidiaries reflected on the Closing Date Balance
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Examples of Adjusted Closing Net Worth in a sentence

  • The Company shall have an Adjusted Closing Net Worth equal to or greater than the Adjusted Base Net Worth.

  • In addition, the Adjusted Closing Net Worth shall not reflect (x) interest claimed to be owed by the Company to ▇▇▇▇▇▇ Circulation Company or (y) disputes and unreconciled balances with the National Distributors.

  • Reduction of Servicing Compensation in Connection with Prepayment Interest Shortfalls.........................................................75 SECTION 4.03.

  • Promptly, but no later than 20 days after its acceptance of its appointment as Arbiter, the Arbiter shall determine, based solely on presentations by Seller and Buyer, and not by independent review, only those issues in dispute and shall render a report as to the dispute and the resulting computation of the Adjusted Closing Net Worth which shall be conclusive and binding upon the parties.

  • In the event that Sellers and Buyers are unable to agree on the Adjusted Closing Net Worth within such 20 day period, Sellers and Buyers shall submit the dispute to Arthur Andersen & Co. (the "▇▇▇▇▇▇r") ▇▇▇ ▇esolution.

  • The "Adjusted Closing Net Worth" shall mean the Shareholder's Equity of the Company and the Subsidiaries reflected on the Closing Date Balance Sheet.

  • Promptly, but no later than 20 days after its acceptance of its appointment as Arbiter, the Arbiter shall determine, based solely on presentations by Sellers and Buyers, and not by independent review, only those issues in dispute and shall render a report as to the dispute and the resulting computation of the Adjusted Closing Net Worth which shall be conclusive and binding upon the parties.

  • To the extent the Adjusted Closing Net Worth is equal to or greater than $215,291,811, no adjustment to the Purchase Price will be made.


More Definitions of Adjusted Closing Net Worth

Adjusted Closing Net Worth. The "Adjusted Closing Net Worth" shall mean the Shareholder's Equity of the Company and the Subsidiaries reflected on the Closing Date Balance
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