Completion NAV definition

Completion NAV the combined net asset value of the Companies at the Completion Date determined in accordance with Clause 5 and Schedule 5 and as set out in the Completion Statement; Completion NAV Target: Net Liabilities of £49,606 (such sum having been agreed between the Vendor and the Purchaser and as set out in the Initial Consideration Statement);

Completion NAV means the aggregate value of the Assets less the Assumed Liabilities as shown in the Completion Balance Sheet

Completion NAV. ’ means (i) the aggregate of all assets of the Disposal

Examples of Completion NAV in a sentence

• For any avoidance of doubt, if the Completion NAV as shown in the Completion Account shows either no deficit or a deficit (or negative value) of less than HK$20,000,000, no payment whatsoever shall be made by the Vendor to the Purchaser or by the Purchaser to the Vendor.

• If the Completion NAV exceeds the Estimated NAV, the Purchaser shall pay to the Vendor an additional amount equal to the difference between the Completion NAV and the Estimated NAV as an increase in the Consideration.

• If the Completion NAV as shown in the Completion Account shows a deficit (or negative value) of more than HK$20,000,000, then the Vendor shall pay to the Purchaser an amount in cash equivalent to the difference between the Completion NAV and the Benchmark Value on a dollar-to-dollar basis within 30 Business Days after the Completion Account is issued and delivered by the Purchaser to the Vendor.

• Net asset value adjustment If the Completion NAV is less than the Estimated NAV, the Vendor shall repay to the Purchaser an amount equal to the difference between the Completion NAV and the Estimated NAV as a reduction in the Consideration.

• Accordingly, the Parties do not expect the Completion NAV to be adjusted by more than the Retention Amount.

More Definitions of Completion NAV

Completion NAV the consolidated net asset value of the Target Company as at the Completion Date “Consideration” the aggregate sum of HK$93,000,000 to be paid by the Purchaser to the Vendor for the Acquisition “Conversion Price” HK$0.25 per Conversion Share initially (subject to adjustment pursuant to the terms of the Convertible Bonds) “Conversion Share(s)” new Share(s) to be allotted and issued to the holder of the Convertible Bonds upon any exercise of the conversion rights under and pursuant to the Convertible Bonds “Convertible Bonds” Convertible Bonds A and Convertible Bonds B “Convertible Bonds A” the zero-coupon convertible bond in a principal amount of HK$23,000,000 proposed to be issued by the Company to the Vendor (or his direct or indirect wholly owned company) pursuant to the Sale and Purchase Agreement “Convertible Bonds B” the zero-coupon convertible bond in a principal amount of HK$23,500,000 proposed to be issued by the Company to the Vendor (or his direct or indirect wholly owned company) pursuant to the Sale and Purchase Agreement “Director(s)” the director(s) of the Company “GEM Listing Rules” the Rules Governing the Listing of Securities on the Growth Enterprise Market of the Stock Exchange

Completion NAV the adjusted consolidated net asset value of the Target Company as at the Completion Date derived from the pro forma completion accounts or the audited completion accounts (as the case may be), as at the Completion Date, prepared in accordance with the Sale and Purchase Agreement

Completion NAV the adjusted net asset value of the Property Group as at Completion Date (adjusted to exclude the book cost related to the Lot and the outstanding liability of the Shareholder’s Loan as at the Completion Date). For the avoidance of doubt, the Completion NAV shall be a negative figure if it is a net deficit

Completion NAV as defined in part 1 of schedule 7; "the Disclosure Letter" the letter having the same date as this document from the Vendor's Solicitors to the Purchaser's Solicitors together with the copy documents attached to it;

Completion NAV the net asset value of the Target Company, adjusted by excluding (among other things) the value of the Property, deferred tax liabilities and all amounts owing by the Target Company to the Vendor or to Swire Properties, as at the close of business on the Completion Date

Completion NAV. The sum calculated in accordance with paragraph 2.3 of this Schedule "Earn-out" Any sum payable as Additional Consideration under paragraph 12 of this Schedule "Earn-out Period" The twelve month period commencing on 1 April 1997 and ending on 31 March 1998

Completion NAV means the aggregate net asset value of the Companies as at the Effective Time as set out in the Completion Statement.