Company Current Assets definition

Company Current Assets means all accounts receivable, other receivables, deposits and prepaid expenses, but excluding prepaid income, current and deferred income tax assets, determined in accordance with Exhibit A.
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Company Current Assets means, with respect to Company or any Subsidiary (on a consolidated basis), the sum of (i) trade receivables, less allowance for doubtful accounts; (ii) inventories, less the reserve for obsolete or slow moving inventory (inventory will be valued at the lower of cost or fair market value and shall exclude any obsolete or slow moving inventory (or be appropriately reserved for) that cannot be sold in the Ordinary Course of Business); (iii) prepaid expenses; and (iv) other current assets; provided, however, that Company Current Assets shall exclude: (a) receivables related to insurance loss; (b) Related Party notes or Related Party receivables; (c) Closing Date Cash that is reflected in the calculation of the Purchase Price; (d) income tax and franchise tax refund receivables; and (e) all other income tax assets (current or deferred) and all other current receivables.
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Company Current Assets means the current assets of the Company and each Company Subsidiary as of immediately prior to the Effective Time as determined under GAAP applied on a basis consistent with the preparation of the audited Financial Statements, but excluding (i) all cash, cash equivalents, short-term investments and marketable securities held by the Company and each Company Subsidiary immediately prior to the Effective Time, and (ii) any deferred income tax assets.
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Examples of Company Current Assets in a sentence

  • Sl.No.Name of the Company Current Assets and understatement of Loss for the year by `27.15 crore.The Company did not create provision towards stamp duty and registration charges amounting to `48.11 crore payable for execution of supplementary lease deeds namely Bagiaburu, Belkundi and Bhadrasahi renewed by Government of Odisha in February 2020.

  • Namely, the decrease in Cash corresponds to the increase in Prepaid Expenses relating to Machinery and Equipment and Civil Works in Progress and investment in the plant MDF.Among Company Current Assets, the following stand out because of their magnitude: the increase in Other Receivables, corresponding to VAT balances currently in a recovery process and the growth in Current Biological Assets, corresponding to a greater availability of wood for sale at the end of the year.

  • Concurrently with the delivery of the Balance Sheet for the Third Closing Date, E&W will deliver to Company Current Assets in excess of the Positive Working Capital.

  • Limited Liability Company, Current Assets shall not include Income Tax assets, except to the extent such matter has been fully resolved in accordance with such Oil and Gas Contract without any ongoing liability of the Company with respect thereto.

  • Prior to November 29, 1994, the ratio of (i) ------------- Company Current Assets to (ii) Company Current Liabilities on any day shall be not less than 1.25 to 1.0.

  • For purposes of this Section, "Working Capital" shall mean the amount, if any, by which the aggregate of the Current Assets of the Company exceeds the aggregate of the Current Liabilities of the Company; "Current Assets" shall mean the current assets of the Company determined in accordance with GAAP; and "Current Liabilities" shall mean the current liabilities of the Company determined in accordance with GAAP, excluding the current portion of long term Indebtedness.


More Definitions of Company Current Assets

Company Current Assets means the amounts identified as cash and cash equivalents; accounts receivable; other receivables, deposits and prepayments; restricted deposits; and inventories under the heading “Current Assets” on the consolidated financial statements of the Company and including restricted deposits under the heading “Non-Current Assets” on the consolidated financial statements of the Company, in each case on a consolidated basis using the principles of IFRS consistently applied;
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Company Current Assets means all accounts receivable, other receivables, deposits and prepaid expenses, but excluding prepaid income, current and deferred income tax assets, determined in accordance with E xhibit A.
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Company Current Assets means cash and cash equivalents (including, for greater clarity, any proceeds raised by the Company prior to or contemporaneous with Closing pursuant to a private placement or public offering financing of the Company of securities of the Company or securities convertible into securities of the Company or securities of CanCo Parent), accounts receivable (net of a provision for uncollectible accounts), unbilled contract amounts recognized as revenue under the percentage of completion method, prepaid expenses and Tax receivables but excludes (i) deferred Tax assets; and (ii) receivables from any related parties (as the term “related party” is defined in MI 61-101;” “‘Company Funded Debt’ means, at Closing, the Company’s long-term debt (excluding any short-term debt);”
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Related to Company 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.

  • 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.

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

  • Parent Assets means all Assets of either Party or the members of its Group as of the Effective Time, other than the SpinCo Assets, it being understood that, notwithstanding anything herein to the contrary, the Parent Assets shall include:

  • 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.

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

  • Parent Liabilities shall have the meaning set forth in Section 2.3(b).

  • Current Liabilities are all obligations and liabilities of Borrower to Bank, plus, without duplication, the aggregate amount of Borrower’s Total Liabilities that mature within one (1) year.

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

  • Unfunded Current Liability of any Plan shall mean the amount, if any, by which the actuarial present value of the accumulated plan benefits under the Plan as of the close of its most recent plan year exceeds the fair market value of the assets allocable thereto, each determined in accordance with Statement of Financial Accounting Standards No. 87, based upon the actuarial assumptions used by the Plan's actuary in the most recent annual valuation of the Plan.

  • Company Cash means all cash on hand or on deposit to the credit of the Company on the Closing Date;

  • Investment Assets means all debentures, notes and other evidences of Indebtedness, stocks, securities (including rights to purchase and securities convertible into or exchangeable for other securities), interests in joint ventures and general and limited partnerships, mortgage loans and other investment or portfolio assets owned of record or beneficially by the Company.

  • Company Balance Sheet means the consolidated balance sheet of the Company and its Subsidiaries as of December 31, 2016 and the footnotes thereto set forth in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2016.

  • Consolidated Net Assets means the aggregate amount of assets (less reserves and other deductible items) after deducting current liabilities, as shown on the consolidated balance sheet of the Company and its Subsidiaries contained in the latest annual report to the stockholders of the Company and prepared in accordance with GAAP.

  • Company IT Assets means any and all computers, computer software, source code, firmware, middleware, servers, workstations, routers, hubs, switches, data communications lines and all other information technology systems and equipment, and all associated documentation owned by the Company or any of its Subsidiaries or licensed or leased to the Company or any of its Subsidiaries (excluding any public networks).

  • Replacement Assets means (1) tangible non-current assets that will be used or useful in a Permitted Business or (2) substantially all the assets of a Permitted Business or a majority of the Voting Stock of any Person engaged in a Permitted Business that will become on the date of acquisition thereof a Restricted Subsidiary.

  • Closing Balance Sheet has the meaning set forth in Section 2.4(a).

  • Estimated Closing Balance Sheet has the meaning set forth in Section 2.6(a).

  • Final Closing Balance Sheet shall have the meaning set forth in Section 2.3(e).

  • Permitted Cash Equivalent Investments means (i) marketable direct obligations issued or unconditionally guaranteed by the United States or any agency or any State thereof having maturities of not more than two (2) years from the date of acquisition and (ii) commercial paper maturing no more than one (1) year after its creation and having the highest rating from either Standard & Poor’s Ratings Group or Xxxxx’x Investors Service, Inc.

  • Off-Balance Sheet Obligations means liabilities and obligations of the Borrower, any Subsidiary or any other Person in respect of “off-balance sheet arrangements” (as defined in Item 303(a)(4)(ii) of Regulation S-K promulgated under the Securities Act) which the Borrower would be required to disclose in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section of the Borrower’s report on Form 10-Q or Form 10-K (or their equivalents) which the Borrower is required to file with the Securities and Exchange Commission (or any Governmental Authority substituted therefor).

  • Off-Balance Sheet Liabilities of any Person shall mean (i) any repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, (ii) any liability of such Person under any Sale-Leaseback Transactions that do not create a liability on the balance sheet of such Person, (iii) any obligation under a Synthetic Lease or (iv) any obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheet of such Person.

  • Target Assets means the types of assets invested in by the Company, subject to, and including any changes in, the Investment Guidelines.

  • Cash Equivalent Investments means at any time:

  • Contingent Liabilities means, respectively, each obligation and liability of the Credit Parties and all such obligations and liabilities of the Credit Parties incurred pursuant to any agreement, undertaking or arrangement by which any Credit Party either: (i) guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the indebtedness, dividend, obligation or other liability of any other Person in any manner (other than by endorsement of instruments in the course of collection), including without limitation, any indebtedness, dividend or other obligation which may be issued or incurred at some future time; (ii) guarantees the payment of dividends or other distributions upon the shares or ownership interest of any other Person; (iii) undertakes or agrees (whether contingently or otherwise): (A) to purchase, repurchase, or otherwise acquire any indebtedness, obligation or liability of any other Person or any property or assets constituting security therefor; (B) to advance or provide funds for the payment or discharge of any indebtedness, obligation or liability of any other Person (whether in the form of loans, advances, stock purchases, capital contributions or otherwise), or to maintain solvency, assets, level of income, working capital or other financial condition of any other Person; or (C) to make payment to any other Person other than for value received; (iv) agrees to lease property or to purchase securities, property or services from such other Person with the purpose or intent of assuring the owner of such indebtedness or obligation of the ability of such other Person to make payment of the indebtedness or obligation; (v) to induce the issuance of, or in connection with the issuance of, any letter of credit for the benefit of such other Person; or (vi) undertakes or agrees otherwise to assure or insure a creditor against loss. The amount of any Contingent Liability shall (subject to any limitation set forth herein) be deemed to be the outstanding principal amount (or maximum permitted principal amount, if larger) of the indebtedness, obligation or other liability guaranteed or supported thereby.