Closing Net Current Assets definition

Closing Net Current Assets shall have the meaning set forth in Section 2.3(c)(ii) hereof.
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Closing Net Current Assets means the Company’s Net Current Assets as of the First Closing Date, which shall include any dividends declared by the Company on or prior to the First Closing Date but not paid on or prior to such date.
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Closing Net Current Assets means the sum of (i) the outstanding amount of Current Receivables and (ii) the value of the Gross Inventory minus (iii) the Post-Petition Accounts Payable as of the Closing Date.
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Examples of Closing Net Current Assets in a sentence

  • Closing Net Current Assets minus the aggregate principal amount of the loan outstanding under the Medley Credit Agreement as of the First Closing Date shall be greater than zero.

  • All payments to be made by Purchaser or any Seller in accordance with this Section 2.9 shall be made, to the extent then determinable within 5 Business Days of the determination of the Final Closing Net Current Assets, or to the extent not determinable as of the determination of the Final Closing Net Current Assets, promptly following the determination thereof, with such payments paid to the appropriate Party when due.

  • The parties shall instruct the accounting firm ultimately agreed upon or selected by lot under this Section 2.3(d)(iii) (the "ACCOUNTING FIRM") to make a final determination of the Closing Indebtedness, the Closing Tax Liability, the Closing Net Worth and Closing Net Current Assets and the resulting Purchase Price calculated with reference to such amounts to the extent such amounts are in dispute, in accordance with the guidelines and procedures set forth in this Agreement.

  • If the value of the Closing Net Current Assets as set forth on Closing Statement is less than the Reference Net Current Assets, then the Purchase Price payable at Closing under Section 3.1 (a) shall be decreased by the amount of such shortfall.

  • Parent conferences shall be held so as not to interfere with instructional time.

  • As of the Closing Date, the Business shall have Closing Net Current Assets, as determined in accordance with the Agreed Principles, of at least the Shortfall Target.

  • If Seller submits a Calculation Notice with such 15 day period, and (x) Purchaser shall concur with the Calculation Notice, or (y) Purchaser does not object to the Calculation Notice in a writing delivered to Seller within fifteen (15) days after Purchaser’s receipt of the Calculation Notice, then the calculation of the Closing Net Current Assets set forth in the Calculation Notice shall become final and shall not be subject to further review, challenge or adjustment, absent fraud.

  • Such independent certified public accountants’ calculation of the Closing Net Current Assets shall, absent manifest error, (i) be binding and conclusive on Buyer and Seller, (ii) notwithstanding Section 3.1 (a), become the Final Statement for purposes of Section 3.1(b) and (iii) not be subject to appeal.

  • Section 6.18 Delivery of Audited September 30, 2007 Financial Statements; 2007 Audited Financial Statements, Closing Net Current Assets.

  • The parties acknowledge and agree that, notwithstanding anything in Section 3.2 of the Company Disclosure Schedule to the contrary, for purposes of calculating Unaudited Closing Net Current Assets under Section 3.2(b), Cistron will receive full credit for payments actually received by Cistron from Aventis Pasteur on or about July 1, 2000 and October 1, 2000 and for the payment scheduled to be made by Aventis Pasteur to Cistron on January 2, 2001.


More Definitions of Closing Net Current Assets

Closing Net Current Assets means, as of 12:01 a.m., Pacific time, on the morning of the Closing Date, the Net Current Assets Target minus Closing Extraordinary Liabilities.
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Closing Net Current Assets has the meaning set forth in Section 2.3(a).
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Closing Net Current Assets means the amount calculated with reference to the Closing Balance Sheet and in the manner set forth on Schedule 3.2(a)(ii).
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Closing Net Current Assets means the Net Current Assets as of the Closing Date determined in accordance with the Closing Listing of Assets and Liabilities.
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Related to Closing Net Current Assets

  • Net Current Assets means for any date of determination the net current assets of such Person at such date of determination calculated as set forth on Exhibit H attached hereto.

  • Closing Net Working Capital has the meaning set forth in Section 2.6(a).

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.6(a).

  • Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).

  • non-current assets means all assets other than current assets

  • Consolidated Current Assets means, as at any date of determination, the total assets of Company and its Subsidiaries on a consolidated basis which may properly be classified as current assets in conformity with GAAP, excluding Cash and Cash Equivalents.

  • Consolidated Current Liabilities means, as at any date of determination, the total liabilities of Holdings and its Subsidiaries on a consolidated basis that may properly be classified as current liabilities in conformity with GAAP, excluding the current portion of long term debt.

  • Target Net Working Capital Amount means $5,000,000.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).

  • Target Working Capital Amount means $75,000,000.

  • Consolidated Working Capital Adjustment means, for any period of determination on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

  • Net Working Capital Amount means, with respect to a Participating McNeil Partnership, the excess of the Positive Excess Cash Balance of such Participating McNeil Partnership over the cash on hand of such Participating McNeil Partnership immediately prior to the Effective Time.

  • Adjusted Consolidated Working Capital means, at any time, Consolidated Current Assets (but excluding therefrom all cash and Cash Equivalents) less Consolidated Current Liabilities at such time.

  • Working Capital Adjustment Amount means an amount, which may be positive or negative, calculated in accordance with Schedule C, equal to the difference of (a) the Closing Date Adjusted Working Capital minus (b) the Preliminary Adjusted Working Capital.

  • Current Assets means, as of any applicable date, all amounts that should, in accordance with GAAP, be included as current assets on the consolidated balance sheet of Borrower and its Subsidiaries as at such date.

  • Consolidated Net Working Capital means (a) all current assets of the Company and its Restricted Subsidiaries except current assets from Oil and Gas Hedging Contracts, less (b) all current liabilities of the Company and its Restricted Subsidiaries, except (i) current liabilities included in Indebtedness, (ii) current liabilities associated with asset retirement obligations relating to oil and gas properties and (iii) any current liabilities from Oil and Gas Hedging Contracts, in each case as set forth in the consolidated financial statements of the Company prepared in accordance with GAAP (excluding any adjustments made pursuant to FASB ASC 815).

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the open of business on the Closing Date.

  • Estimated Net Working Capital has the meaning set forth in Section 2.3(a).

  • non-current liabilities means all liabilities other than current liabilities

  • Target Net Working Capital means $0.

  • Estimated Closing Date Net Working Capital has the meaning set forth in Section 2.3(a)(i).

  • Closing Cash Amount shall have the meaning set forth in Section 2.8(b).

  • Final Closing Working Capital has the meaning set forth in Section 2.5(d).

  • Consolidated Current Ratio means, as of any date of determination, the ratio of Consolidated Current Assets to Consolidated Current Liabilities as of such date.

  • Closing Cash means the aggregate amount of all Cash of the Company as of the close of business on the day immediately preceding the Closing Date.