Net Liquid Assets definition

Net Liquid Assets means the sum of the Corporation’s cash and cash equivalents and the liquidation value of the Corporation’s other disposable assets, as determined by the Board of Directors in its sole and absolute discretion.

Net Liquid Assets means (i) (a) all cash and cash equivalents, (b) level I assets, (c) all bonds classified as level II assets and restricted equity securities valued at 50% of their freely tradable value, (d) the intrinsic value of level III warrants that are currently exercisable, (e) due from brokers, (f) current account receivables, and (g) prepaid expenses, less (ii) all liabilities, excluding deferred rent payable; all as determined in accordance with GAAP.

Net Liquid Assets means Liquid Assets excluding Restricted Cash or Cash Equivalents.

Examples of Net Liquid Assets in a sentence

• The Corporation shall no longer be in a Financial Crisis when it has Net Liquid Assets in excess of the average monthly operating loss (in the case of (i) above) or cures, to the satisfaction of its creditors, any default enumerated in (ii) above.

• To the extent there is deemed to be an Increase Amount or Decrease Amount, based on such Draft Statement, the parties agree that the Purchase Price shall be adjusted as at Closing by adjusting the principal amount of the Promissory Note for the amount of such Increase Amount or Decrease Amount, as the case may be, but in agreeing to such adjustment, neither party is prevented from disputing the determination of the Net Liquid Assets Statement in the manner provided in paragraph 4.3 hereof.

• As used in this Section, "Net Liquid Assets" means cash, bank deposits, marketable securities, mutual funds, municipal bonds and municipal bond funds, wherever located or maintained, net of the aggregate amount of all indebtedness secured by any lien or encumbrance of any nature whatsoever affecting any of such assets.

• Guarantor shall at all times maintain Net Liquid Assets of not less than $50,000,000.

• The Borrower on a consolidated basis with its Subsidiaries at all times after the date hereof shall maintain a Net Cash Capital to Net Liquid Assets Ratio of not less than 3% (three percent).

More Definitions of Net Liquid Assets

Net Liquid Assets means, as of any date, the total assets of Borrower and its consolidated Subsidiaries (other than RJ Bank) minus, without duplication, (i) Illiquid Assets and (ii) any segregated assets.

Net Liquid Assets. “PRC” the aggregate value of the cash, deposits and marketable securities (including for the avoidance of doubt any Connected Debt Securities held at the time all valued at their respective fair market values as at such date) held by the Group which is accounted for and consolidated in the accounts of the Company less the aggregate value of any such assets which are subject to pledges or other encumbrances; the People’s Republic of China;

Net Liquid Assets means, as of the relevant time, the (i) cash, marketable securities, inventory, prepaid expenses and accounts receivable, less (ii) accrued liabilities, trade payables, any accrued or contingent transaction costs or expenses not otherwise covered in this clause (ii) and indebtedness of the Company; in each case (other than contingent transaction costs and expenses), determined in accordance with IFRS applied using the same accounting methods, practices, principles, policies and procedures, with consistent classifications, judgments and valuation and estimation methodologies that were used in the preparation of the most recent audited consolidated financial statements of the Company included in the Company Filings; provided that any increases in long term deferred revenue from the date hereof will be included in the indebtedness of the Company for the purpose of clause (ii) of this definition.

Net Liquid Assets means the difference between (i) the sum of $__________, which represents the value of the Company's inventory as of the Closing Date that was purchased from Parent, plus all payments received after the Closing Date in respect of accounts receivable of the Company, including those accounts receivable assigned by ProHealthCare to the Company pursuant to Section 10.2(m), that were outstanding on the Closing Date ("Accounts Receivable"), minus (ii) the sum of all payments made by the Company, the Surviving Corporation, Parent or any affiliate of any of them after the Closing Date in respect of liabilities of the Company and ProHealthCare that existed as of the Closing Date, including payments pursuant to section 9.5 of this agreement, and the value of all unpaid liabilities (as determined in accordance with generally accepted accounting principles ("GAAP")) of the Company and ProHealthCare that existed as of the Closing Date, plus all financing charges and similar fees incurred, after the Closing Date, by Parent or the Surviving Corporation in connection with the discharge of liabilities of the Company or ProHealthCare that existed as of the Closing Date less any liabilities that were reduced, written off, waived, assumed by ProHealthCare pursuant to an assignment and assumption agreement in the form of Exhibit X- 0 to this agreement or that otherwise will not be payable by the Surviving Corporation. It is understood that to the extent that Parent or Sub incurs debt to satisfy accounts payable of the Company, interest, financing and other actual costs related to such debt will reduce Net Liquid Assets, and, as Accounts Receivable of the Company are collected, collected amounts shall be deemed to reduce the principal of such borrowed funds for purposes of calculating ongoing costs.

Net Liquid Assets means the difference between:

Net Liquid Assets means Borrower’s Assets, minus Borrower’s Liabilities.

Net Liquid Assets means the sum of (i) the Company’s cash and cash equivalents as of the Closing (as included and certified in the Net Working Capital Certificate) and (ii) the Severance Benefits less the sum of (i) any Debt which remains unpaid as of Closing and (ii) any additional Debt which Company incurs between the Agreement Date and the Closing Date which remains unpaid as of the Closing. Net Liquid Assets does not include (i) the amount of any unpaid Transaction Expenses incurred by Company or assumed by Acquirer on behalf of Company.