Net Asset Position definition

Net Asset Position or “Net Liability Position” means the close-out values of the Open Positions within each Position Account as of the Termination Date by netting the aggregate of the asset position against the aggregate of the liability position within each Position Account and setting off the Collateral or its market value as of the Termination Date in the relevant Collateral Account;
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Net Asset Position means the excess of the total assets of the Company over the total liabilities of the Company as of the Closing, calculated in accordance with GAAP applied on a basis consistent with the Reference Statement of Net Assets. The Company Debt under the Financing Agreement, the Pavilion Consulting Debt, the Affiliate Debt and the Seller Transaction Expenses shall not be included in any calculation of the Closing Statement of Net Assets or Net Asset Position or taken into account in determining an adjustment, if any, under Section 2.3.
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Net Asset Position means (i) the consolidated total current assets of the Business (excluding Cash used in the Business) reduced by the consolidated total Liabilities of the Business, in each case as of the Effective Time.
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Examples of Net Asset Position in a sentence

  • Net Asset Position means the difference between total assets and liabilities of the Program at the end of a given Fiscal Year as certified by an independent audit in accordance with GAAP.

  • The data spread over a period of 12-years from 1998-99 to 2009-10 on four components of the UTI mutual funds i.e. mobilization of funds, redemption/repurchase, Cumulative Net Asset Position and Net Inflow/Outflow of funds constituted the basis of the study.

  • The payments described above and the 50% limit on the Positive Net Asset Position of the School, is to ensure that the school is will not be put into a Negative Net Asset Position.

  • Additionally, for illustration purposes only, an example of the calculation of Net Asset Position is attached hereto as Exhibit B.

  • Report sent to Trustee on daily basis include:• Net Asset Position Daily Report is prepared by the Cashier/AAM and is approved by the CAO.

  • The final closing statement (the “Final Closing Statement”) shall present the actual (i) Net Asset Position (“Actual Net Asset Position”), (ii) amount of Cash in the Business (“Actual Business Cash”); and (iii) expenses attributable to the Business for the twelve (12) months ended August 31, 2008 reflected in the consolidated financial statements of Parent rather than the Financial Statements of the Business (the “Actual Shared Expenses”), in each of clauses (i) and (ii) as of the Effective Time.

  • In the event that the Board causes the Program to run a Negative Net Asset Position, in any given Fiscal Year during the Term, more than two percent (2%) greater than that agreed to in writing by K12, then K12 reserves the right to limit the Balanced Budget Credits up to such 2% variance.

  • Additionally, (i) the Guaranty is hereby amended to evidence that the "Obligations" defined therein shall include the renewed $10,000,000 Promissory Note, and (ii) current calculations with respect to Section 6.8 (Guarantor Liquidity) and Section 6.9 (Guarantor Net Asset Position) are set forth on Schedule "3" hereto.

  • They show that it is mostly the smaller-than-median customers that adjust leverage to changes in their procurement process.

  • The Closing Net Asset Position as shown on the Preliminary Balance Sheet must be no more negative than negative $1,200,000.


More Definitions of Net Asset Position

Net Asset Position means Current Assets minus Liabilities; “Current Assets” means and includes all accounts receivable, cash, cash equivalents, prepaid expenses and all other current assets of the Company, in each case as determined in accordance with GAAP, consistently applied, but does not include any accrued interest payable to the Company pursuant to certain promissory notes made by officers of the Company as of February 14, 2004 in connection with the purchase by such officers of restricted shares of the capital stock of the Company or any accounts relating to non-cash amortization of up-front setup costs relating to the Company’s remote management customers; and “Liabilities” means and includes all accounts payable, accrued expenses, accrued but unpaid taxes, deferred revenue (only cost to fulfill deferred revenues for professional services contracts in process), indebtedness pursuant to that certain Loan and Security Agreement No. 4131, dated July 28, 2004, as amended, by and between Lighthouse Capital Partners V, L.P. (“Lighthouse”) and the Company (the “Credit Facility”), expected lease obligations relating to the second floor of the Company’s Waltham office space pursuant to the terms of that certain lease described on Schedule 4.11(a), net of $234,000, and all other current liabilities of the Company, in each case as determined in accordance with GAAP, consistently applied, but does not include any accounts relating to non-cash amortization for that portion of the Company’s business referred to as the “GLCC Business” and up-front setup fees relating to the Company’s remote management customers, or any liability relating to the Oracle matter disclosed on Schedule 4.8 or the Master Lease Agreement with Sun MicroSystems disclosed on Schedule 4.11. Further, in determining Current Assets, accounts receivable that have been disputed by the customer and/or are over 90 days past due shall be included in the calculation (the “Reserved Receivables”); provided, however, a reserve for the amount of such Reserved Receivables shall be established from the NAP Escrow Amount, and the escrow agent shall pay to the stockholders of the Company based on each such stockholder’ pro rata share (as set forth opposite such stockholder’s name in column 6 of Exhibit A attached hereto) an amount equal to the Reserved Receivable subsequently collected. If the Reserved Receivables are not collected within a year of the Effective Date, the escrow agent shall pay such reserve to the Surviving Co...
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Net Asset Position of a health benefits fund means the difference between:
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Related to Net Asset Position

  • Net Asset Value or "NAV” means per Unit value of the Trust arrived at by dividing the Net Assets by the number of Units outstanding.

  • Operating Income means the Company’s or a business unit’s income from operations but excluding any unusual items, determined in accordance with generally accepted accounting principles.

  • Earnings from Operations for any period means net earnings excluding gains and losses on sales of investments, extraordinary items and property valuation losses, as reflected in the financial statements of the Company and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.