Estimated Current Assets definition

Estimated Current Assets means Sellers’ good faith estimate of Current Assets pursuant to Section 2.01(c). “Estimated Current Liabilities” means Sellers’ good faith estimate of Current Liabilities pursuant to Section 2.01(c).

Estimated Current Assets means a reasonable estimate by Sellers of the current assets of the Business as of the Effective Time, provided, however, that such current assets shall be limited to those current assets being acquired by Buyer pursuant to the terms of this Agreement and otherwise shall be determined in accordance with the standards set forth in the definition of the Estimated Working Capital Statement.

Estimated Current Assets is defined in Section 2.2(a).

Examples of Estimated Current Assets in a sentence

• The Estimated Current Assets Statement shall be prepared in accordance with the same accounting principles, practices, methodologies and policies used to prepare the Carve-Out Financial Statements and, to the extent consistent with the foregoing, in accordance with GAAP.

• In the event that Estimated Current Assets exceeds the Estimated Current Assets Target, the Closing Payment shall be increased, on a dollar-for-dollar basis, by an amount equal to such excess.

• 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.

• To the extent that the Final Current Assets Purchase Price is LESS THAN the Estimated Current Assets Purchase Price , Seller shall pay to Buyer the amount of such shortfall.

• To the extent the Final Current Assets Purchase Price is GREATER THAN the Estimated Current Assets Purchase Price, Buyer shall pay to Seller the amount of such excess.

More Definitions of Estimated Current Assets

Estimated Current Assets has the meaning given to such term in Section 2.12(a).

Estimated Current Assets means all assets reflected on the face of the Unaudited September 2013 Balance Sheet other than (i) assets classified as real estate, (ii) Tax Incremental Bonds (Myrtle Beach Air Force Base Redevelopment Project Area, Junior Lien Series 2006) issued by the City of Myrtle Beach, South Carolina and interest thereon and (iii) investments in Pacho Limited Partnership and San Lxxx Bay Limited Partnership, however classified, determined in accordance with GAAP applied on a consistent basis with the Audited Financial Statements. For the avoidance of doubt, “Estimated Current Assets” shall not include any assets of BRP Leasing.

Estimated Current Assets means the Current Assets as shown on the Projected Closing Balance Sheet, in accordance with GAAP.

Estimated Current Assets means the Current Assets set forth on the Estimated Balance Sheet.

Estimated Current Assets means the Current Assets set forth on the Estimated Balance Sheet. “Estimated Liabilities” shall mean the Liabilities set forth on the Estimated Balance Sheet.

Estimated Current Assets means the Current Assets set forth on the Estimated Closing Working Capital Statement.

Estimated Current Assets has the meaning given in paragraph 2 of Part B of Schedule 4;