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 of (a) trade and other receivables;
Examples of Net Current Asset Value in a sentence
Vu (with Beni Lauterbach), Evidence on the Overreaction Hypothesis: The Case of Management Awards, Winter 1992; (with Beni Lauterbach), Ben Graham’s Net Current Asset Value Rule Revisited, Winter 1993; (with Jorge L.
Vu), Ben Graham’s Net Current Asset Value Rule Revisited, Winter 1993Edward R.
The Consideration The aggregate consideration for the Sale Share and the Remaining Shareholder Loan shall be HK$663 million, to be settled by cash, subject to adjustments by reference to the Net Current Asset Value and issuance of the Promissory Note as described below.
The Final Net Current Asset Value, so determined, is not subject to appeal or any other form of recourse.
This payment may assume the reinvestment of dividends into Ordinary Shares on such basis as the Remuneration Committee determines.
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 Forty (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 value of stocks, debtors, cash at bank and in hand, prepayments and accrued income of the Company less the aggregate of all creditors of the Company in each case as at the close of business on the Completion Date, as shown in the Completion Accounts to be agreed or determined in accordance with Clause 4 and Schedule 5.
Net Current Asset Value means the book value of the Company's current assets as of the applicable measurement date minus the Company's current liabilities as of the same date, each of which shall be determined in accordance with GAAP. Within ninety (90) days following the Closing, Buyer shall provide Sellers with a Schedule prepared by Buyer in good faith showing (i) the Net Current Asset Value as of the Closing Date, (ii) the average Net Current Asset Value for the three month period ended March 31, 2005, and (iii) an estimate of the amount of the adjustment to the Purchase Price, if any ("Buyer's Adjustment Schedule"). In order for Buyer to prepare its Buyer's Adjustment Schedule, the Sellers shall provide Buyer a copy of the Company's April 2005 financial statements on or before May 31, 2005. Unless Sellers shall provide Buyer with written objection to the Buyer's Adjustment Schedule within thirty (30) days following Sellers' receipt thereof, the Buyer's Adjustment Schedule shall become final, binding and conclusive upon the parties for purposes of this Agreement and Buyer shall be entitled to have the Purchase Price adjustment amount reflected in the Buyer's Adjustment Schedule released to Buyer from the Escrow Amount or otherwise. If Sellers timely provide said objection to the Buyer's Adjustment Schedule, and the parties are unable to reach a mutual agreement as to the Purchase Price adjustment amount within a period of thirty (30) days following such objection by Sellers, then within seven (7) days thereafter, the calculation of the Purchase Price adjustment shall be submitted to an independent certified public accountant mutually selected, in writing, by the parties for such purpose ("Independent Accountant"). Each party shall thereupon furnish to the Independent Accountant such work papers and other documents and information requested by the Independent Accountant. The Independent Accountant shall determine the Purchase Price adjustment within thirty (30) days following the date of its appointment, which determination shall be final, binding, and conclusive upon the parties. The parties shall bear all costs, fees and expenses of the Independent Accountant equally.
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 othex xxxxxxt liabilities of Seller as reflected on the Final Balance Sheet, in all cases determined in accordance with GAAP. "Obligations" shall mean all obligations under the Assumed Contracts and the Assumed Liabilities. "Patents and Data" shall mean such of the following in which Seller has any right, title or interest: patents or applications for patents (domestic or foreign) and trade secrets with respect to such patents or applications for patents and trade secrets, as well as all technical know-how and knowledge, discoveries, inventions, processes, secret processes, machines, manufacture or compositions of matter or any other similar information, conversion data, and all documents pertaining to such patents or applications for patents and trade secrets (including both written and oral recordings or representations). "Plan" or "Plans" shall be defined as set forth in Paragraph 3.30. "Related Information" shall mean such of the following in which Seller has any right, title or interest: trademarks, trademark registrations, applications for trademark registrations, trade names, copyrights, copyright applications, license agreements (as licensee), technical reports, vendor and customer lists, and all other documents and business records of Seller. "Required Consents" shall be defined as set forth in Paragraph 8.7. "Shareholders" shall mean A. William Huelsman, Gary Miller, William Xxxxxxx, Xxxxx Xoaxxx, Xxxxx Krxxx, Xxxxx Xxxxk xxx Xxxxx Xxhaxxx. "Xxftwarx" xxxxx xxxx xxx software in which Seller or Huelsman have any rights and which is uxxxxxxx by Seller in any manner in the Business, whether or not said software is fully developed or in the process of development, and including, but not limited to, any enhancements or modifications to said software and all software licenses and all source codes therefor which may be in Seller's possession or control. "Statement" shall be defined as set forth in Paragraph 1.4. "Subject Shares" shall be defined as set forth in Paragraph 1.2(b). "Trustee" shall be defined as set forth in Paragraph 11.5. "Uncollected Receivables" shall be defined as set forth in Parag...
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, xxxxxxxx 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 the excess of (x) the sum of cash and cash equivalents, accounts receivable, inventory and prepaid expenses over (y) the sum of accounts payable and accrued liabilities, each such current asset and current liability account to be prepared consistently with the June 30, 1998 balance sheet included in the Financial Statements.
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