Examples of Assumed Balance in a sentence
These costs will not be assumed by Purchaser except to the extent they are included on the Closing ED Balance Sheet and expressly assumed as Assumed Balance Sheet Liabilities.
Purchaser's payment or reimbursement of expenses covered by Seller's reserves or allowances which are Assumed Balance Sheet Liabilities shall not be construed as any indication whatsoever that Purchaser has assumed liability for Sellers' debts, liabilities or administrative responsibility, either for the specific class covered by such reserve or in general, beyond the amount of the recorded reserve except as such are themselves assumed specifically as Assumed Liabilities.
If the Adjusted Equity Value is greater than the Interim ED Balance Sheet value, the aggregate amount of Assumed Balance Sheet Liabilities assumed by Purchaser shall be increased by such difference.
The consideration for the Purchased Assets shall consist of the following: (i) Buyer's assumption of the Assumed Balance Sheet Liabilities, (ii) payment of the consideration payable at Closing as set forth in Section 3.1 below (the "Closing Payment"), as such may be subsequently adjusted pursuant to Section 3.2 below, and (iii) the consideration payable, if any, following the Closing as set forth in Section 3.3 below (the "Earn-Out").
The government has the monopoly in the submission of industrial disputes to Conciliation Boards, Courts, Tribunals or National Tribunals.