Adjusted Current Assets definition

Adjusted Current Assets means, as of any given time, the Financial Statements Current Assets as determined in accordance with the Agreed Valuation Principles.

Adjusted Current Assets means, as of immediately prior to the Closing, the current assets of the Company and its Subsidiaries, as computed in accordance with GAAP consistent with the Company Balance Sheet.

Adjusted Current Assets means, collectively, (i) cash, (ii) accounts receivable, net, (iii) inventory, net, and (iv) prepaid expenses, in each case determined in accordance with GAAP.

Examples of Adjusted Current Assets in a sentence

• The Current Assets reflected on the Adjusted Current Assets Statement shall not be more than that specified by Sellers in the notice to Buyer pursuant to Section 2.7(c) above nor less than that specified by Buyer on the Current Assets Statement.

• The term "Adjusted Current Assets Statement," as hereinafter used, shall mean the definitive Current Assets Statement agreed to by Buyer and Sellers in accordance with Section 2.7(c) or the definitive Current Assets Statement resulting from the determinations made by the Neutral Auditor in accordance with this Section 2.7(d).

• The parties agree that there will be an addition in favor of the Selling Companies equal to the cost of the recovered fuel in the post-closing true-up calculation of the Adjusted Current Assets to include these Inventory items.

• To the extent that the Pre-Closing Tokheim Current Assets are less than the Tokheim Current Assets shown on the Adjusted Current Assets Statement, Buyer shall make a cash payment to Parent on behalf of Sellers in an amount equivalent to the amount of the surplus.

• The ratio of the Companies' consolidated Adjusted Current Assets to the Companies' consolidated Adjusted Current Liabilities shall at all times exceed 1.25 to 1.00.

More Definitions of Adjusted Current Assets

Adjusted Current Assets means, with respect to the Company and its Consolidated Subsidiaries as of any date of determination (i) the Current Assets of the Company and its Consolidated Subsidiaries, minus (ii) the Non-Cash Deferred Tax Assets of the Company and its Consolidated Subsidiaries.

Adjusted Current Assets means the amount of current assets of the Consolidated Companies as set forth on the Closing Date Balance Sheet;

Adjusted Current Assets means the sum of (i) Accounts receivable — net, (ii) Due from related parties, (iii) Inventories — net and (iv) Deferred income taxes, each calculated in accordance with GAAP on a basis consistent with the Financial Statements.

Adjusted Current Assets means, at any date, the consolidated current assets (excluding cash and cash equivalents) of the Credit Parties and their Subsidiaries determined as of such date.

Adjusted Current Assets any and all cash, Cash Equivalents, accounts receivable and inventory of Holdings and the Holdings Subsidiaries.

Adjusted Current Assets means, as at any date of determination, the current assets of Holdings and its subsidiaries at such date, each as determined in accordance with GAAP consistently applied.

Adjusted Current Assets means, as of any date of determination, the sum of (i) cash and cash equivalents, (ii) the Maximum Cumulative Liability (as defined under the CRL Guaranty) plus the amount of the CRL Subordinated Creditors' aggregate unfunded commitment obligations under Section 2.02(c) of the CRL Purchase Agreement and (iii) Net Accounts Receivable.