Closing Date Net Worth definition

Closing Date Net Worth means Net Worth as of the close of business on the day before the Closing Date, after giving effect to (i) any cash dividends to Aon and (ii) the transactions contemplated by Sections 7.5 and 7.6.

Closing Date Net Worth means (i) the sum of all assets reflected in the Closing Date Balance Sheet minus (ii) the sum of all liabilities reflected in the Closing Date Balance Sheet.

Closing Date Net Worth shall equal total assets of the Companies at the time of Closing minus total liabilities of the Companies at the time of Closing, as set forth on the Closing Date Balance Sheet, which shall be determined in accordance with generally accepted accounting principles consistently applied ("GAAP").

Examples of Closing Date Net Worth in a sentence

• Buyer acknowledges that the funding of negative balances will increase Closing Date Net Worth.

• As of the last day of any Fiscal Quarter occurring after the Closing Date, Net Worth shall not be less than $5,500,000,000.

• It is understood that the Shareholders will be entitled to retain any amounts in excess of the Closing Date Net Worth specified in (ii) above (other than as a result of earnings since February 1, 1998 as specified below).

• The accounting firm will determine, in accordance with GAAP applied on a basis consistent with the preparation of the Balance Sheet, the amounts to be included in the Closing Date Balance Sheet and the Closing Date Net Worth.

• The Closing Date Net Worth shall be determined based on the Closing Date Balance Sheet prepared by the Accountants and using the Accounting Principles, provided, however, that inventory shall be determined on a LIFO basis and sixty percent (60%) of the increase in the LIFO reserve for the period commencing on January 1, 1998 and ending on the Closing Date shall be added to determine the Closing Date Net Worth.

More Definitions of Closing Date Net Worth

Closing Date Net Worth is defined in Section 1.4(a).

Closing Date Net Worth means the Actual Net Worth reflected on the Closing Date Balance Sheet.

Closing Date Net Worth has the meaning set forth in Section 2.5(a) below.

Closing Date Net Worth means the Closing Date Net Worth as defined in the ---------------------- Aerospace Agreement.

Closing Date Net Worth has the meaning set forth in Section 1.6(a). ----------------------

Closing Date Net Worth has the meaning set forth in Section 4.2(a).

Closing Date Net Worth shall have the meaning specified in Section 2.6(a) of this Agreement.