Examples of Estimated Net Assets in a sentence
The Cal-Mortgage Program prepares monthly and annual reports detailingCal-Mortgage Program activity, the cash balance of the Insurance Fund, and, in conjunction with the OSHPD accounting staff, the assets and liabilities of the Cal-Mortgage Program (see Exhibit XII for the Estimated Net Assets).
Changes to the Estimated Net Assets The Estimated Net Assets (refer to Exhibit XII) are determined by taking the cash balance of the Insurance Fund, adding the value of anticipated recoveries (obligations due to the Cal-Mortgage Program from defaulted loans), and subtracting the long-term liabilities (obligations of theCal-Mortgage Program for defaulted loans).
The Estimated Net Assets of the Cal-Mortgage Program increased by $14.3 million, from $98.2 million on June 30, 2012, to $112.5 million on June 30, 2014.
Accordingly, in the event that the Transaction is not consummated, Holders of Old SEBC Common Stock Interests still would receive no value at all because the Estimated Net Assets are insufficient to pay all creditors in full.
Accordingly, in a liquidation of SEBC under Chapter 7 of the Bankruptcy Code, Holders of Old SEBC Common Stock Interests would receive no value at all because the Estimated Net Assets are insufficient to pay all creditors in full.