Net Operating Asset Value definition

Net Operating Asset Value. Tangible Asset Value less Operating Liabilities, calculated as reflected on Exhibit J.
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Net Operating Asset Value shall have the meaning ascribed to such term in Section 2.4.2 hereof.
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Net Operating Asset Value means Tangible Asset Value, as defined below, less Operating Liabilities, as defined below, calculated as reflected on Exhibit A attached hereto; (B) "Gross Profit" means the aggregate gross profits of the Business, calculated in the same manner as is reflected as "Gross Profit" in the Company's regularly prepared, audited income statements; (C) "Tangible Asset Value" means (x) all of the Company's current assets, excluding cash, as reflected on Exhibit A hereto; and (y) all of the Company's fixed assets, as reflected on Exhibit A hereto; and (D) "Operating Liabilities" means the Company's operating liabilities as reflected on Exhibit A hereto, operating leases and capital leases. The exact form of the Acquisition will be determined as part of the negotiations between the parties in entering into the Acquisition Agreement. If the form of the Acquisition is an asset purchase transaction, Purchaser will expressly assume the Operating Liabilities which are outstanding as of the Closing. If the form of the transaction is a stock purchase or merger transaction, then the Operating Liabilities will remain outstanding as of the Closing and shall not be satisfied out of or otherwise reduce the cash proceeds of the transaction (except to the extent they would result in a negative Net Operating Asset Adjustment).
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Examples of Net Operating Asset Value in a sentence

  • Purchaser shall have agreed to schedules to be delivered at the Pre-Closing which set forth the computation of the Purchase Price and the Net Operating Asset Value.

  • The term "Post Closing Net Operating Asset Value" for purposes of this Section 1.6 means (i) the sum of the Inventory Value, the Net Fixed Asset Value, and Prepaid Expenses at the Closing Date, minus (ii) the sum of Accounts Payable at the Closing Date and Commissions at the Closing Date.

  • The purchase price for the Assets shall equal the sum of the following amounts in U.S. dollars (as adjusted pursuant to this Agreement and set forth on the Closing Statement, the "Purchase Price"): (a) Nine Million Three Hundred Thousand ($9,300,000) Dollars,; plus (b) an amount equal to the Net Operating Asset Value.

  • Seller shall have agreed to schedules to be delivered at the Pre-Closing which set forth the computation of the Purchase Price and the Net Operating Asset Value.

  • The "Post-Closing Purchase Price Adjustment" shall be equal to "Post Closing Net Operating Asset Value" minus $1,680,879.

  • The relevant Local GAAP Net Operating Asset Value in the relevant local currency as shown in the relevant Local GAAP Net Operating Asset Statement.


More Definitions of Net Operating Asset Value

Net Operating Asset Value. Tangible Asset Value less Operating Liabilities, calculated as reflected on Schedule 2.8.
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