Final Statement of Net Assets definition

Final Statement of Net Assets shall have the meaning set forth in Section 2.3(e).
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Final Statement of Net Assets means the final statement of net assets of the Company, prepared as set forth in Section 3.3, as of the Closing Date. The Final Statement of Net Assets shall include reserve amounts that have been determined in accordance with GAAP and calculated in a manner consistent with those shown on Schedule 1.18(b).
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Final Statement of Net Assets shall be (i) the Preliminary Statement of Net Assets in the event that no Seller's Objection is delivered to Purchaser during the 30-day period specified above, or (ii) the Preliminary Statement of Net Assets, adjusted in accordance with Seller's Objection in the event that Purchaser does not respond to Seller's Objection within the 30-day period following receipt by Purchaser of Seller's Objection, or (iii) the Preliminary Statement of Net Assets, as adjusted by either (x) the agreement of Seller and Purchaser or (y) the CPA Firm, as applicable.
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Examples of Final Statement of Net Assets in a sentence

  • The Preliminary Statement of Net Assets, as adjusted pursuant to the agreement of the parties or decision of the Auditor, when final and binding is referred to herein as the "Final Statement of Net Assets".

  • Final Statement of Net Assets .........................................1.4d 43.

  • The allocation of the Purchase Price shall be set by Seller by notice in writing to the Buyer within ten days subsequent to the issuance of the Final Statement of Net Assets.

  • If the patient is authorized to grow marijuana they can possess up to twelve plants.

  • The agreed upon amount for such obligation shall be set forth on and become a part of the Final Statement of Net Assets.

  • On the Final Statement of Net Assets prepared by Purchaser pursuant to Section 1.03(b) of the Agreement, the total amount of such reimbursement related to Liabilities incurred by the Sellers on or prior to December 31, 2003 shall be treated as an Assumed Liability reducing Net Assets as of such date.

  • The Closing Pro Forma Statement of Net Assets and the Final Statement of Net Assets will be true and correct in all material respects, and will be prepared, unless otherwise provided herein in a manner consistent with the Financial Statements of the Sellers.

  • Items included in the Inventory are carried on the books of the Sellers, and are valued on the Closing Pro Forma Statement of Net Assets and the Final Statement of Net Assets, at the lower of cost or market and, in any event, at not greater than their net realizable value, except for obsolete items and items of below standard quality which are identified on Schedule 3.9 and valued as set forth on Schedule 3.9.

  • There shall be an adjustment to the Purchase Price equal to the absolute value of the 6 amount remaining after the value of the "Net Assets" shown on the Statement of Net Assets is subtracted from the value of the "Net Assets" shown on the Final Statement of Net Assets, provided that there shall be no adjustment unless such difference exceeds $500,000 and then the adjustment shall only be for such excess.

  • However, SELLER shall not be liable for such Taxes shown as liabilities on the Final Statement of Net Assets in the amounts shown thereon.


More Definitions of Final Statement of Net Assets

Final Statement of Net Assets has the meaning set forth in Section 2.4 of this Agreement.
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Final Statement of Net Assets has the meaning set forth in Exhibit A-7.
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Related to Final Statement of Net Assets

  • Final Statement means the statement defined in Sub-Clause 14.11 [Application for Final Payment Certificate].

  • Final Working Capital Statement has the meaning set forth in Section 2.04.

  • Closing Working Capital Statement has the meaning set forth in Section 2.04(b)(i).

  • Working Capital Statement has the meaning set forth in Section 2.3(a).

  • Annual Statement means, with respect to any Insurance Subsidiary for any fiscal year, the annual financial statements of such Insurance Subsidiary as required to be filed with the Insurance Regulatory Authority of its jurisdiction of domicile and in accordance with the laws of such jurisdiction, together with all exhibits, schedules, certificates and actuarial opinions required to be filed or delivered therewith.

  • Financial Statement Date means December 31, 1999.

  • Monthly Financial Statements is defined in Section 6.2(c).

  • Financial Statement has the meaning set forth in Section 4(g) below.

  • Closing Financial Statements has the meaning set forth in Section 6.22.

  • Earn-Out Statement has the meaning set forth in Section 2.5(c).

  • Company Interim Financial Statements has the meaning specified in Section 4.08(a).

  • Audited financial statement means a financial statement audited by an outside accounting firm.

  • Company Financial Statements has the meaning set forth in Section 3.6(a).

  • Accounting Reference Date means 31 December.

  • E-Statement means an electronic version of daily confirms, monthly, quarterly or annual statements, and shareholder tax statements created with investor transaction data housed on DST’s TA2000® mutual fund record keeping system, with images available online via a secure web site.

  • Quarterly Financial Statements is defined in Section 6.2(a).

  • Pro Forma Financial Statements shall have the meaning set forth in Section 5.5(b) hereof.

  • Year-End Financial Statements has the meaning specified in Section 4.5.

  • Comparative Financial Status Report format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Interim Financial Statements has the meaning set forth in Section 3.06.

  • Target Financial Statements has the meaning set forth in Section 3.4.

  • Annual Statement of Compliance As defined in Section 3.13.

  • Seller Financial Statements has the meaning set forth in Section 3.5(a).

  • Audited Financial Statements means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2017, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto.

  • Rule 482 Statement means a document that contains the number of Securities issued, the offering price and any other items dependent upon the offering price, prepared in accordance with the provisions of Rule 482 of the 1933 Act, a copy of which shall be attached as Schedule D hereto. “Statutory Prospectus” as of any time means the prospectus relating to the Securities that is included in the Registration Statement immediately prior to that time, including any document incorporated by reference therein. Each preliminary prospectus and the prospectus filed as part of the effective Registration Statement or as part of any amendment thereto, or filed pursuant to Rule 497 under the 1933 Act, complied when so filed in all material respects with the Rules and Regulations and each preliminary prospectus and the Prospectus delivered to the Underwriters for use in connection with this offering was identical to the electronically transmitted copies thereof filed with the Commission pursuant to XXXXX, except to the extent permitted by Regulation S-T. If a Rule 462(b) Registration Statement is required in connection with the offering and sale of the Securities, the Fund has complied or will comply with the requirements of Rule 111 under the 1933 Act Rules and Regulations and Rule 3a of the Commission’s Internal and Other Procedures (“Rule 3a”) relating to the payment of filing fees thereof. The Fund, subject to the Registration Statement having been declared effective and the filing of the Prospectus under Rule 497, has taken all required action under the 1933 Act, the 1940 Act, the Securities and Exchange Act of 1934, as amended (the “1934 Act”) and the Rules and Regulations to make the public offering and consummate the sale of the Securities as contemplated by this Agreement.

  • Audited Statements means the Consolidated balance sheets of the Borrower as at December 31, 2001, and the related Consolidated statements of income and cash flows of the Borrower for the fiscal year then ended, accompanied by the opinion thereon of the Borrower's independent public accountants.