Closing Date Net Assets definition

Closing Date Net Assets. Net Assets as most recently calculated prior to the Closing Date (but in any event within 10 Days of the Closing Date).

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Closing Date Net Assets as used herein shall mean the book value of the Assets set forth on the Final Closing

Closing Date Net Assets means Net Assets as of the Closing Date.

Examples of Closing Date Net Assets in a sentence

The Purchase Price shall be (i) increased by the amount that the Closing Date Net Assets (as hereinafter defined), are greater than $25,099,080 (which amount is the book value of the net assets as shown on the adjusted September Balance Sheet (the "Target Net Assets"); or (ii) decreased by the amount that the Closing Date Net Assets are less than the Target Net Assets.
Buyer’s revised calculation of the net assets is referred to herein as the “Proposed Closing Date Net Assets Calculation”.
Any such fees or expenses incurred by the Company or its subsidiaries but not paid prior to the Effective Time shall be accrued and reflected as liabilities of the Company and taken into account in calculating the Closing Date Net Assets as set forth in Section 2.3.
Except as provided in Section 9.4, Seller also will timely prepare and file, or cause to be prepared and filed, all other income Tax Returns of Compression for all periods that end on or before the Closing Date and will pay or cause to be paid all Taxes related thereto, provided however that to the extent that a liability for such taxes has been accrued and included in Closing Date Net Assets, then Seller shall have no obligation to make such tax payment.
Purchaser shall provide to Sellers and Sellers' Accountant access to such of the books and records of the Division as may reasonably be required for the audit of the Closing Date Net Assets Statement and the review of the Closing Date Inventory Certificate.

More Definitions of Closing Date Net Assets

Closing Date Net Assets shall have the meaning set forth in Section 9.2(d)

Closing Date Net Assets has the meaning set forth in section 2(c)(i) below.

Closing Date Net Assets shall have the meaning specified in 1.7(a).

Closing Date Net Assets the combined net assets (total assets minus (ii) total liabilities other than any Indebtedness) of the Acquired Companies as of the Closing Date calculated in accordance with GAAP.

Closing Date Net Assets means the Net Assets as of the Closing Date reflected on the Final Balance Sheet, as adjusted to reflect the write-up or write-down of any assets to reflect a new basis of accounting following the Closing.

Closing Date Net Assets means the excess of (i) the current assets included in the Assets at the Closing Date over (ii) the current liabilities included in the Assumed Liabilities as of the Closing Date.

Closing Date Net Assets has the meaning set forth in Section 2(h)(i).