Closing Net Asset Value definition

Closing Net Asset Value shall have the meaning set forth in Section 3.5(a).

Closing Net Asset Value as defined in Section 2.11(a).

Closing Net Asset Value means the Net Asset Value as of the Closing Date.

Examples of Closing Net Asset Value in a sentence

• For the purposes of this Section 2.10, the “Estimated Closing Net Asset Value” will equal the amount of the Estimated Closing Net Asset Value that was paid at Closing.

• Buyer shall deliver the Closing Balance Sheet and its determination of the Closing Net Asset Value to Sellers within forty-five (45) days following the Closing Date.

• Within five (5) business days after the calculation of the Closing Net Asset Value becomes binding and conclusive on the parties pursuant to Section 2.11, Sellers or Buyer, as the case may be, shall make the wire transfer payment provided for in this Section 2.10.

• The “Adjustment Amount” will be equal to the amount determined by subtracting the Closing Net Asset Value from the Estimated Closing Net Asset Value.

• If the Closing Net Asset Value exceeds the Estimated Closing Net Asset Value, the Adjustment Amount shall be paid by wire transfer of immediately available funds by Buyer to an account specified by Sellers.

More Definitions of Closing Net Asset Value

Closing Net Asset Value shall be the Net Asset Value of the Company set forth on the Closing Balance Sheet.

Closing Net Asset Value means the Net Asset Value at the Adjustment Time.

Closing Net Asset Value means that dollar amount as is equal to the dollar amount of the total assets of the Business (other than Excluded Assets) plus any cash amounts included in the Purchased Assets in excess of those amounts specified on Schedule 2.12(b)(i), as reflected on the Closing Balance Sheet, less the dollar amount of the total liabilities of the Business (other than Excluded Liabilities), as reflected on the Closing Balance Sheet. The Closing Net Asset Value shall be calculated in accordance with Schedule 2.12(b)(ii).

Closing Net Asset Value means the Book Value of the Acquired Assets, as of the Effective Time, less the Balance Sheet Liabilities other than the $30,000,000 amount attributable to the Pollution Control Bonds,

Closing Net Asset Value shall have the meaning as described in Section 9.1(b);

Closing Net Asset Value means US$-2,221,577, being the Net Asset Value as shown in the Closing Balance Sheet.

Closing Net Asset Value means all assets (excluding goodwill) less current and long term liabilities of the Company (but shall only include the Closing Debt Amount and any Income Tax liabilities to the extent such amounts are not paid from the Initial Purchase Price at Closing pursuant to Section 2.2), each as shown on the Closing Balance Sheet, determined in a manner consistent with the Balance Sheet. The Closing Net Asset Value shall be prepared in accordance with GAAP, and on a basis consistent with the historical accounting policies, methodologies, practices and assumptions applied by the Company, provided such historical policies, methodologies, practices and assumptions are in accordance with GAAP. An example of the methodology to be used to calculate the Closing Net Asset Value is set forth on Schedule 1.4(a).