Closing Net Current Assets definition

Closing Net Current Assets shall have the meaning set forth in Section 2.3(c)(ii) hereof.
Sample 1Sample 2
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.
Sample 1Sample 2
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.
Sample 1Sample 2

Examples of Closing Net Current Assets in a sentence

  • Any amounts for services rendered, and goods provided under the Designated Contracts during the period until the Contribution Date (in the case of Newco) and the Closing Date (in the case of the Canadian Purchaser) shall not be a Liability of Newco or the Canadian Purchaser, as the case may be, (unless such amounts are specifically included in the Assumed Liabilities and taken into account in calculating the Adjusted Closing Net Current Assets).

  • In the event Seller objects to any amounts shown on the Final Statement, Seller shall notify Buyer in writing of such objection within fifteen (15) days following the delivery thereof, stating in such written objection the reasons therefor and setting forth in reasonable detail Seller’s calculation of the Closing Net Current Assets in accordance with Schedule 3.1(b).

  • Upon receipt by Buyer of such written objection, the parties shall attempt to resolve the disagreement concerning the Closing Net Current Assets through negotiation.

  • In the Previous Period, it was approximately 88.0% of the revenue derived from the hotel operation.

  • Derecognition of financial assets CM.com derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which CM.com neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset.

  • 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.

  • If the Closing Net Current Assets as set forth on the Final Statement is higher than the Closing Net Current Assets as set forth on the Closing Statement, then Buyer shall pay Seller the amount of such excess if such amount exceeds $10,000.

  • Not earlier than five (5) Business Days and not later than two (2) Business Days prior to the Closing Date, Seller shall deliver to Buyer a statement (the“ Closing Statement”) setting forth the value of the Closing Net Current Assets as determined in accordance with Schedule 3.1(b).

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


More Definitions of Closing Net Current Assets

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.
Sample 1
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.
Sample 1
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).
Sample 1
Closing Net Current Assets has the meaning set forth in Section 2.3(a).
Sample 1

Related to Closing Net Current Assets

  • Net Current Assets means the net difference between the total current assets and the total current liabilities at 30 June;

  • 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 2.5.

  • 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 at any date, all amounts (other than cash and Cash Equivalents) that would, in conformity with GAAP, be set forth opposite the caption “total current assets” (or any like caption) on a consolidated balance sheet of the Borrower and its Subsidiaries at such date.

  • Consolidated Current Liabilities means, as at any date of determination, the consolidated current liabilities of the Borrower and its Restricted Subsidiaries that may property be classified as current liabilities in conformity with GAAP, excluding, without duplication, the current portion of any long-term Indebtedness.

  • Target Net Working Capital Amount means $0.

  • Net Working Capital Adjustment Amount means an amount, which may be a positive or negative number, equal to the Net Working Capital as of the Effective Time minus the Net Working Capital Threshold.

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

  • Target Working Capital Amount means $162,000,000.

  • Consolidated Working Capital Adjustment means, for any period 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 has the meaning set forth in Section 2.1(b)(ii). Section 1.2

  • Current Assets of any Person means all assets of such Person that would, in accordance with GAAP, be classified as current assets of a company conducting a business the same as or similar to that of such Person, after deducting adequate reserves in each case in which a reserve is proper in accordance with GAAP.

  • 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 close of business on the Closing Date.

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

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

  • Target Net Working Capital means $36,500,000.

  • 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 (a) Consolidated Current Assets as of such date to (b) Consolidated Current Liabilities as of such date.

  • Closing Cash means the aggregate amount of Cash of the Company as of the Effective Time.

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.