Closing Date Balance definition

Closing Date Balance means the total current assets, including the cash and cash equivalents of the Company, set forth on the Closing Date Balance Statement less the Company Liabilities set forth on the Closing Date Balance Statement.

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Closing Date Balance. Sheet As defined in Section 5.4.

Closing Date Balance shall have the meaning assigned thereto in Section 2.4 of this Agreement.

Examples of Closing Date Balance in a sentence

The term "Closing Date Balance Sheet Report" shall mean a Balance Sheet Report prepared as of the Closing Date.
The term "Final Net Worth" means total assets minus total liabilities, as reflected on the Closing Date Balance Sheet Report.
The Closing Date Balance Sheet shall be prepared in accordance with GAAP in a manner consistent with the Preliminary Balance Sheet so as to present fairly in all material respects the financial condition of the Company.
Except as set forth in this Section 4.4(b), no other assets or liabilities shall be included in the Closing Date Balance Sheet.
In addition, if the Seller does not object to the Closing Working Capital within the 15-day period referred to above, the Closing Working Capital, as reflected on the Closing Date Balance Sheet as so prepared, shall be deemed final and conclusive and binding upon the Seller and the Buyer.

More Definitions of Closing Date Balance

Closing Date Balance means the original principal balance of the Loan as of the Closing Date. “LTV” means (x) the Closing Date Balance of the Loan divided by the (y) the appraised value of the

Closing Date Balance has the meaning ascribed thereto in Section 2.2(c)(ii) of this Agreement.

Closing Date Balance. Sheet shall mean the Draft Closing Date Balance Sheet, together with any revisions thereto pursuant to this Section 2.06(e), including any determination of the Accountant.

Closing Date Balance. SHEET shall have the meaning given to it in Section 2.4. COBRA shall mean the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, as set forth in Section 4980B of the Code and Part 6 of Subtitle B of Title I of ERISA. CODE shall mean the Internal Revenue Code of 1986, as the same has been amended, and the rules and regulations thereunder, all as from time to time in effect, or any successor law, rules or regulations, and any reference to any statutory or regulatory provision shall be deemed to be a reference to any successor statutory or regulatory provision. COLLATERAL DOCUMENTS shall mean the Synagen Promissory Note, the Bish▇▇ ▇▇▇missory Note, the Hegg▇▇▇▇▇ ▇▇▇missory Note, the Bish▇▇ ▇▇▇loyment Agreement, the Beach Employment Agreement and any other agreement, certificate, contract, instrument, notice or other document delivered pursuant to the provisions of this Agreement or any Collateral Document. CONFIDENTIAL INFORMATION shall have the meaning given to it in Section 7.1.

Closing Date Balance means the amount of $53,891,666.

Closing Date Balance means the aggregate principal amount of the Loans outstanding under this Agreement on the Closing Date, after giving effect to the prepayment by the Company of the Loans under the Original Credit Agreement pursuant to Section 7.01(a)(i) hereof.

Closing Date Balance shall have the meaning set forth in Section 2.3(e).