Final Net Worth definition

Final Net Worth means the Net Worth as of the Effective Date as determined in accordance with Section 2.07 below.

Final Net Worth means total assets minus total liabilities, as reflected on the Closing Date Balance Sheet Report.

Final Net Worth. The term "Final Net Worth" means total assets minus total liabilities, as reflected on the Closing Date Balance Sheet Report.

Examples of Final Net Worth in a sentence

• If an Acceptance Notice is delivered to Seller or if no Objection Notice is delivered to Seller within such thirty (30) day period, such Final Balance Sheet and the calculation of the Final Net Worth shall be final and binding on the parties.

• The Final Net Worth shall be determined on the Determination Date on the basis of the Final Balance Sheet.

• Buyer shall bear the percentage of the expenses of the Unrelated Accounting Firm that equals the difference between the Final Net Worth and Buyer's calculation of Closing Net Worth divided by the difference between US Seller's calculation and Buyer's calculation of Closing Net Worth.

• If Final Net Worth exceeds Target Net Worth in an amount in excess of $2.0 million (such amount in excess of $2.0 million shall be referred to as the "Excess Amount"), Buyer shall pay to US Seller, who shall receive funds on behalf of Sellers, in the manner and with interest as provided in Section 2.04(b), the Excess Amount, if any.

• Sellers shall bear the percentage of the fees and expenses of the Unrelated Accounting Firm that equals the difference between US Seller's calculation of Closing Net Worth and the Final Net Worth divided by the difference between US Seller's calculation and Buyer's calculation of Closing Net Worth.

More Definitions of Final Net Worth

Final Net Worth shall have the meaning set forth in Section 2.3(h).

Final Net Worth means the Assets of the Business less the Liabilities of the Business, as reflected in the Final Balance Sheet referred to in Section 2.2(b). "Target Net Worth" shall mean $22,961,000.

Final Net Worth has the meaning set forth in Section 1.3(e) hereof.

Final Net Worth means the net book value of the Net Assets as at the Determination Date, which amount is based on the Final Balance Sheet of the Business prepared in accordance with United Kingdom generally accepted accounting principles ("UK GAAP") applied on a basis consistent with prior periods;

Final Net Worth has the meaning set forth in §2(d)(iii) herein.

Final Net Worth means the net book value of the Net Assets as at the Determination Date, which amount is based on the Final Balance Sheet of the

Final Net Worth shall be an amount equal to the Purchased Assets less the Assumed Liabilities based on the Effective Date Balance Sheet.