Estimated Net Assets definition

Estimated Net Assets shall have the meaning set forth in Section 2.4(a).

Estimated Net Assets shall have the meaning set forth in Section 3.2(b).

Estimated Net Assets means the £(sterling) figure agreed in accordance with the ENA Methodology as an estimate of the Net Assets being minus £4,267,459 (-£4,267,459).

Examples of Estimated Net Assets in a sentence

• If the Facility/Design Closing Net Assets Value set forth on the Closing Statement of Assets and Liabilities, as finally determined pursuant to Section 2.4(3), exceeds the Facility/Design Estimated Net Assets Value, the Purchase Price shall be increased dollar for dollar by the amount of such excess and the Purchaser shall pay (as noted below in this Section 2.4(4)) to the Seller on behalf of itself and any applicable Designated Sellers the amount of such excess.

• If the value of the Facility/Design Closing Net Assets Value set forth on the Closing Statement of Assets and Liabilities, as finally determined pursuant to Section 2.4(3), is less than the Estimated Net Assets Value, the Purchase Price shall be decreased dollar for dollar by the amount of such deficit and the Seller shall pay (as noted below in this Section 2.4(4)) to the Purchaser the amount of such deficit.

• If the Closing Net Assets, as concurred with by the Shareholder Representative or as finally resolved in the manner set forth above, is less than the Estimated Net Assets, then Buyer may offset, against the Holdback Amount, an amount equal to such difference.

• In the event that the amount of the estimated Net Assets set forth on the Estimated Statement (the "Estimated Net Assets") exceeds $6,754,247 (such amount representing the Net Assets as of May 31, 1996), then the Purchase Price shall be increased by the amount of such excess.

• The Estimated Net Assets Statement and the Excluded Liability Amount as of the Closing Date shall be prepared by Seller in good faith and in accordance with GAAP applied on a basis consistent with the manner in which the Latest Balance Sheet was prepared and shall be reasonably acceptable to Buyer.

More Definitions of Estimated Net Assets

Estimated Net Assets is defined in Section 1.5(a)(i).

Estimated Net Assets means the amount by which total current assets of the Company as determined in accordance with GAAP ("TOTAL ASSETS") exceeds total liabilities of the Company as determined in accordance with GAAP ("TOTAL LIABILITIES"), each as reflected in the Estimated Balance Sheet.

Estimated Net Assets has the meaning given to it under Article 3.1(e).

Estimated Net Assets is defined in Section 2.2.

Estimated Net Assets the estimated Net Assets of the Company on the Closing Date as set forth on the Closing Certificate.

Estimated Net Assets shall have the meaning set forth in Section 2.02(a)(i).

Estimated Net Assets shall have the meaning set forth in Section 2.14.1 of this Agreement.