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.

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.

Net Asset Adjustment has the meaning specified in Section 3.2(b).

Examples of Net Asset Adjustment in a sentence

• In consideration for the transfer, sale and delivery to the Buyer of the Purchased Assets, and in addition to the assumption of the Assumed Liabilities by the Buyer, the Buyer shall pay the sum of $2,000,000 (the "Purchase Price") plus or minus the Current Net Asset Adjustment pursuant to Section 2.8(b) below (as adjusted, the "Adjusted Purchase Price").

• The Base Cash Purchase Price shall be increased or decreased on a dollar for dollar basis by the amount, if any, by which the Estimated Adjusted Net Assets is greater than or less than $886,056 (such increase or decrease, as the case may be, is referred to herein as the "Estimated Net Asset Adjustment").

• The Base Cash Purchase Price shall be increased or decreased on a dollar for dollar basis by the amount, if any, by which the Estimated Adjusted Net Assets is greater than or less than $93,819,658 (such increase or decrease, as the case may be, is referred to herein as the "Estimated Net Asset Adjustment").

• The Base Cash Purchase Price shall be increased or decreased on a dollar for dollar basis by the amount, if any, by which the Estimated Adjusted Net Assets is greater than or less than $106,248,178 (such increase or decrease, as the case may be, is referred to herein as the "Estimated Net Asset Adjustment").

• If the Initial Cash Payment exceeds the sum of the Base Cash Purchase Price plus (or minus, if negative) the Final Net Asset Adjustment, then within five (5) business days after final determination thereof Seller shall pay Parent and IAWC the amount of such excess together with interest thereon for the period commencing on the Closing Date through the date of payment calculated at the Prime Rate in cash by federal or other wire transfer of immediately available funds, or certified or bank cashier's check.

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.

Net Asset Adjustment means the amount, if any, by which Net Assets is less than the Reference Amount, up to a maximum amount of

Net Asset Adjustment. (which may be a negative number) means Net Assets minus the Net Asset Target.

Net Asset Adjustment means the adjustment to the Purchase Price (as defined in the Existing Credit Agreement) contained in Section 1.06 of the Acquisition Agreement (as defined in the Existing Credit Agreement), so long as such adjustment in no event results in an increase to such Purchase Price of more than $2,500,000.

Net Asset Adjustment means the net asset adjustment described in section 4 of the letter frorm the Offeror contained in this document;

Net Asset Adjustment means the amount by which the Pro Forma Net Asset Value (excluding any amounts taken into account in calculating the Indian Asset Adjustment) is greater than or less than the Net Asset Value (excluding any amounts taken into account in calculating the Indian Asset Adjustment) as the case may be;

Net Asset Adjustment has the meaning set forth in Schedule 2.02 to the Acquisition Agreement.