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

  • The determinations of the Arbitrator shall be final, conclusive and legally binding on all parties hereto with respect to the Closing Date Net Assets Statement and the Closing Date Inventory Certificate, absent fraud or material misrepresentation.

  • To avoid duplicative recovery, the amount of any Loss suffered by any Indemnified Party as a result of the breach of any representation or warranty by the Advisor Parent that has also resulted in a reduction in the amount of the Closing Date Net Assets on the Closing Date Balance Sheet shall be reduced to the full extent of that reduction in the amount of Closing Date Net Assets on the Closing Date Balance Sheet.

  • For illustrative purposes only, an example demonstrating the calculation of Closing Date Net Assets, Pre-Closing Capital Expenditure Amount, and Closing Date Funded Indebtedness Amount and a sample Initial Closing Date Statement are set forth on Schedule 1.5.

  • Within sixty (60) days after the Closing Date, Sellers shall prepare and deliver to Purchaser the Closing Date Net Assets Statement prepared in accordance with the provisions of Section 3.1 hereof.


More Definitions of Closing Date Net Assets

Closing Date Net Assets means Net Assets as of the Closing Date.
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Closing Date Net Assets has the meaning set forth in section 2(c)(i) below.
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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.
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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.
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Closing Date Net Assets means the excess of (a) the Assets on the Closing Date over (b) the dollar amount of currently payable Assumed Liabilities on the Closing Date, all as determined in accordance with GAAP applied in a manner consistent with those principles used in preparing the Latest Balance Sheet.
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Closing Date Net Assets as defined in Section 2.4(a).
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Closing Date Net Assets has the meaning set forth in Section 1.8 hereof.
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