Current Purchased Assets definition

Current Purchased Assets means the current Purchased Assets of the Seller (consisting solely of the line item current assets specified in the NWC Example), calculated using the methodologies set forth in the NWC Example.
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Current Purchased Assets means those assets of the Seller relating to the Included Business as of the Reference Time that are included within those categories identified as such in the sample calculation of Net Working Capital on Exhibit A. For the avoidance of doubt, any security deposits, deferred financing costs and cash in the Fannie Mae Restricted Liquidity Account shall be excluded from Current Purchased Assets and Tax Distribution Cash shall be included in Current Purchased Assets.
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Current Purchased Assets means the sum of its Purchased Assets identified in clauses (a), (b), (c) and (d) of Section 1.1, net of applicable reserves, all as reflected on the Final Closing Balance Sheet. Notwithstanding the foregoing provisions, for purposes of calculating the Closing Working Capital of Northcoast/Kansas, its Current Purchased Assets will not include any accounts or notes receivable from NCI, Northcoast/America or Northcoast/Texas, and its Assumed Balance Sheet Liabilities will not include any accounts or notes payable to NCI, Northcoast/America or Northcoast/Texas.
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Examples of Current Purchased Assets in a sentence

  • Such Prorated Current Purchased Assets and Prorated Assumed Liabilities relating to the period prior to the Effective Time shall be for the account of Sellers and those relating to the period on and after the Effective Time for the account of Buyer and shall be prorated accordingly.

  • If the Final Current Assets Purchase Price is less than the Estimated Current Assets Purchase Price, the reconciliation payment to Buyer shall first be recovered from the Current Purchased Assets Holdback to the extent of the shortfall, and to the extent the total amount of the shortfall is less than the Current Assets Purchase Price, the remainder of the Estimated Current Assets Purchase Price shall be returned to Seller within the five (5) business day period specified above.

  • If the Final Current Assets Purchase Price is greater than the Estimated Current Assets Purchase Price, the reconciliation payment made to Seller shall also include the full amount of the Current Purchased Assets Holdback.


More Definitions of Current Purchased Assets

Current Purchased Assets means all of the Purchased Assets which would be classified as current assets on Sellers' financial statements in accordance with GAAP other than the Real Property.
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Current Purchased Assets has the meaning set forth in Section 5.04(a).
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Current Purchased Assets means those assets of the Seller relating to the Included Business as of the Reference Time that are included within those categories identified as such in the sample calculation of Net Working Capital on Exhibit A. For the avoidance of doubt, any security deposits, deferred financing costs and cash in the Xxxxxx Mae Restricted Liquidity Account shall be excluded from Current Purchased Assets and Tax Distribution Cash shall be included in Current Purchased Assets.
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Current Purchased Assets means total Purchased Assets, less goodwill and fixed assets.
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Related to Current Purchased Assets

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Additional Purchased Assets shall have the meaning set forth in Subsection 3(a).

  • Subsequent Purchaser Any Person that acquires an interest in a Mortgage Loan from Purchaser.

  • Purchased Asset means (i) with respect to any Transaction, the Eligible Asset sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer (other than Purchased Assets that have been repurchased by Seller).

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Purchased Interests has the meaning set forth in the Recitals.

  • Purchased Contracts has the meaning set forth in Section 2.1.1(a).

  • Assumed Liabilities has the meaning set forth in Section 2.3.

  • Seller Use means fuel used for gas compression, LPG plants and LNG plants, other gas needed by Seller's facilities to furnish the requirements of Buyers, together with unaccounted for gas. This gas shall be considered Included In Priority of Service Category 1. Other vital uses of Seller, such as flame stabilization requirements, will be met as long as such uses do not jeopardize service to its firm service Buyers.

  • Conveyed Assets shall have the meaning set forth in Section 2.01.

  • Purchased Securities has the meaning assigned in the Terms;

  • Receivables Related Assets means accounts receivable, instruments, chattel paper, obligations, general intangibles and other similar assets, in each case relating to receivables subject to the Permitted Receivables Facility, including interests in merchandise or goods, the sale or lease of which gave rise to such receivables, related contractual rights, guaranties, insurance proceeds, collections and proceeds of all of the foregoing.

  • Transferred Real Property means (a) the Transferred Owned Real Property and (b) the premises that is subject to the Transferred Real Property Leases.

  • Purchased Intellectual Property has the meaning set forth in Section 1.2(g).

  • Purchased Property As defined in Section 2.01(a) of the Pooling Agreement.

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Sold Assets has the meaning set forth in Section 2.01(b).

  • Receivables Purchase Price means $1,375,000,017.71.

  • Purchased Equipment means any equipment, including any Software, sold by BT to the Customer.

  • Subsequent Purchase Agreement means an agreement by and between the Seller and the Purchaser pursuant to which the Purchaser will acquire Subsequent Receivables, substantially in the form of Exhibit A hereunder.]

  • Purchased Interest means, at any time, the undivided percentage ownership interest in: (a) each and every Pool Receivable now existing or hereafter arising, (b) all Related Security with respect to such Pool Receivables and (c) all Collections with respect to, and other proceeds of, such Pool Receivables and Related Security. Such undivided percentage interest shall be computed as:

  • Additional Purchased Securities Securities provided by Seller to Buyer pursuant to Paragraph 4(a) hereof;

  • U.S. Purchaser means any purchaser of the Offered Securities that is, or is acting for the account or benefit of, a person in the United States, or any person offered the Offered Securities in the United States.

  • Purchased Asset Documents means, with respect to a Purchased Asset, the documents comprising the Purchased Asset File for such Purchased Asset.