Net Current Asset Value means the book value (lower of Gold Xxxx cost or market) of the Inventory, net of usual and customary reserves, computed on a first-in first-out basis in accordance with GAAP and the Inventory Procedures, plus the Accounts Receivable as valued pursuant to GAAP and the Receivables Valuation Procedures, and plus the Prepaid Expenses, as defined herein, less the accrued expenses and the trade accounts payable of the Inputs Business, all as calculated in accordance with GAAP; provided, however, that neither the current portion of the Xxxxxxx County, Georgia XXX Xxxx nor the current portion of the Xxxxx Xxxxx Lease will be included as a liability in this computation if and to the extent that any such current portion is included in the total amount of such respective obligation deducted in the calculations of the Estimated Purchase Price pursuant to Section 4.2. and the Final Purchase Price pursuant to Section 4.4.
Net Current Asset Value means an amount in HK$ equal to (i) all assets of the Group that, in accordance with HKFRS, are reflected as current assets on the applicable balance sheet; minus (ii) all liabilities of the Group that, in accordance with HKFRS, are reflected as current liabilities on the applicable balance sheet;
Net Current Asset Value means the aggregate amount of the current assets as shown in the Accounts less the aggregate amount of the liabilities (other than issued share capital, reserves and retained profits) as shown in the Accounts such liabilities to include the ODL Debt payable by the Company.
Examples of Net Current Asset Value in a sentence
Gold Xxxx shall deliver the Pre-Closing Statement of Net Current Asset Value to Southern States at least ten (10) days prior to the Closing Date, for review by Southern States and its accountants.
Gold Xxxx shall cooperate with Southern States and its accountants to the extent reasonable and practical in the course of preparing the Post Closing Statement of Net Current Asset Value.
The results of such physical count and inspection shall be used to determine the value of the Inventory to be set forth on the Post-Closing Statement of Net Current Asset Value.
Except as set forth in Schedule 6.12, all Inventory consists of, and will at the Closing Date consist of, a quantity and quality usable and saleable in the ordinary course of business, except for obsolete items and items of below-standard quality, all of which shall be appropriately written-off or written down in accordance with the Inventory Procedures in the Post-Closing Statement of Net Current Asset Value.
The Final Net Current Asset Value, so determined, is not subject to appeal or any other form of recourse.
More Definitions of Net Current Asset Value
Net Current Asset Value means the value of the net current assets of the Business calculated as the difference between the “Current Assets Being Transferred” and “Current Liabilities and Provisions Being Transferred”, within 40 Calendar Days after the Execution Date or such other earlier date as may be determined by the Purchaser, which shall be determined in accordance with the valuation method which is set out in Schedule 8.
Net Current Asset Value means the aggregate of (a) trade and other receivables; (b)
Net Current Asset Value means the difference between current assets minus current liabilities, determined using generally accepted accounting principles, consistent with Seller's past practices in connection with preparation of Seller's consolidated financial statements, but excluding therefrom (a) any intercompany payables or receivables due to or due from Seller or any subsidiary of Seller, and (b) current assets and current liabilities of SSC and LPC of the types and kinds eliminated as adjustments to the Pro Forma Balance Sheet of SSC and LPC at November 30, 1995 described in
Net Current Asset Value. The term "Net Current Asset Value" shall mean the book value (lower of Gold Xxxx cost or market) of the Inventory, net of usual and customary reserves, computed on a first-in first-out basis in accordance with GAAP and the Inventory Procedures, plus the Accounts Receivable as valued pursuant to GAAP and the Receivables Valuation Procedures, and plus the Prepaid Expenses, as defined herein, less the accrued expenses and the trade accounts payable of the Inputs Business, all as calculated in accordance with GAAP; provided, however, that neither the current portion of the Xxxxxxx County, Georgia XXX Xxxx nor the current portion of the Xxxxx Xxxxx Lease will be included as a liability in this computation if and to the extent that any such current portion is included in the total amount of such respective obligation deducted in the calculations of the Estimated Purchase Price pursuant to Section 4.2. and the Final Purchase Price pursuant to Section 4.4.
Net Current Asset Value the aggregate value of the current assets of the Company (excluding the Excluded Assets and the amount of the consideration or any other payment received or receivable by the Company under the Hive Across Agreement) as at the Completion Date, less the aggregate amount of the current liabilities of the Company as at the Completion Date, as shown in the Completion Accounts;
Net Current Asset Value means the sum of the book value of the trade accounts receivable, work in progress, unbilled work, prepaid expenditures and other current assets of Seller as reflected on the Final Balance Sheet (excluding any current assets included among the Excluded Assets), minus the sum of the trade accounts payable, accrued expenses, billings in excess of charges, and other current liabilities of Seller as reflected on the Final Balance Sheet, in all cases determined in accordance with GAAP.
Net Current Asset Value means the sum of the following (without duplication) as of the Closing Date:
(a) the amount of cash and cash equivalents (if any) transferred by either Seller to Purchasers on the Closing Date; plus
(b) the value of the Inventory transferred to Purchasers as finally determined in accordance with section 2.4; plus
(c) the total amount of the Accounts Receivable transferred to Purchasers as finally determined in accordance with section 2.4; plus
(d) the total amount of prepaid expenses, security deposits, and other current assets on the books of either Seller as agreed to between Purchasers and Sellers on or before the Closing Date and as finally determined in accordance with section 2.4; minus
(e) the sum of: (i) Sellers’ accounts payable as reflected in the Closing Date A/P Report (except to the extent that any of such accounts payable constitute Retained Liabilities); (ii) Purchasers’ reasonable estimate of any other accounts payable of Sellers arising in the Ordinary Course of Business within the thirty (30) days preceding the Closing Date for which invoices have not been received in sufficient time to be included in the Closing Date A/P Report (except to the extent that any of such accounts payable constitute Retained Liabilities); (iii) without duplication, the total amount of all other liabilities of either Seller that are included in the Assumed Liabilities, including Accrued Vacation Expense and those liabilities (if any) specifically identified in Schedule 2.5(a) (but excluding the costs of satisfying Warranty Obligations, which shall be taken into account in determining Net Profit Contribution).