Net Asset Adjustment definition

Net Asset Adjustment means the amount, if any, by which Net Assets is less than the Reference Amount, up to a maximum amount of $500,000. However, if the amount by which the Net Assets differs from the Reference Amount is $10,000 or less, then the Net Asset Adjustment will be $0.00.
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Net Asset Adjustment means the amount of Adjusted Net Assets as of the Closing Date, it being understood that the Net Asset Adjustment may be more or less than zero.
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Net Asset Adjustment has the meaning specified in Section 3.2(b).
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Examples of Net Asset Adjustment in a sentence

  • The Closing Balance Sheet delivered pursuant to paragraph (a) above shall be accompanied by a statement prepared by the CPA setting forth the sum, if any, by which the net book value of DT's assets, minus DT's liabilities, in each case as shown on the Closing Balance Sheet (the "Net Adjusted Book Value"), is greater than or less than the sum of One Million dollars ($1,000,000.) plus the initial face amount of the Note ( the "Net Asset Adjustment").

  • On Site:Provide a copy of the document(s) listed in the Narrative that contain the information about student access to financial aid.

  • They deal with compliance with the law and with the council’s corporate policies, procedures and practices of significance to good governance.

  • The final amount of the Offshore Consideration shall be subject to (a) an adjustment on the Agreed Value on a pro-rata basis based on the Final Total GFA as reflected in the real estate title certificate of Property A and (b) another adjustment on the Estimated Net Asset Adjustment on a dollar-for-dollar basis based on the final amount of the Net Asset Adjustment as reflected in the Audited Closing Financial Statements.

  • In the event that MasTec or Sellers dispute the Closing Balance Sheet or the calculation of the Net Adjusted Book value with the Net Asset Adjustment, the disputing party shall notify the other party hereto in writing (the "Dispute Notice") within ten (10) days of delivery of the Closing Balance Sheet setting forth the amount, nature and basis of such dispute.


More Definitions of Net Asset Adjustment

Net Asset Adjustment means the amount of any adjustment to the Purchase Price calculated in accordance with the provisions of Clause 5.3.
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Net Asset Adjustment means the amount, if any, by which Net Assets is less than the Reference Amount, up to a maximum amount of
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Net Asset Adjustment has the meaning set forth in Section 2.1(d).
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Net Asset Adjustment means an amount equal to the Actual Net Assets minus the Target Net Assets (which may, for the avoidance of doubt, be a positive or negative amount) converted from Roubles into Dollars at the Conversion Rate on the basis that the Relevant Date is the Completion Date.
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Net Asset Adjustment means an amount equal to Eight Hundred and Twelve Thousand and Seven Dollars ($812,007).
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Net Asset Adjustment means the amount by which the Net Assets exceed the Base Net Assets (such amount being expressed as a positive figure) or the amount by which the Net Assets are less than the Base Net Assets (such amount being expressed as a negative figure);
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Net Asset Adjustment. Means the net assets (excluding the Property, the Financial Indebtedness, the Swap Agreement, the AREA Loan and the Settlement Liability) set out in the Completion Accounts to be paid, subject to Clause 4.2.2, by the Seller to the Purchaser (where such amount is a negative figure) or to be paid by the Purchaser to the Seller (where such amount is a positive figure).
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