Net Operating Assets means the amount by which the sum of (i) Trade Receivables Net, (ii) Inventories Net, (iii) Other Current Assets and (iv) Property, Plant & Equipment (before Accumulated Depreciation) exceeds the sum of (A) Trade Payables, (B) Other Accounts Payable, (C) Accrued Income Taxes-State, and (D) Other Accrued Expenses as set forth on the Closing Balance Sheet.
Net Operating Assets means the difference (whether positive or negative) of (a) the total combined operating assets of the IPG Entities, including accounts receivable, inventory, property, plant and equipment and prepaid and other assets, minus (b) the total combined operating liabilities of the IPG Entities, including accounts payable and other accrued liabilities, in each case, calculated as of 12:01 a.m. (local time in each jurisdiction where such calculation must be made) on Closing Date, as determined in accordance with the Calculation Principles. Notwithstanding the foregoing, the Parties agree that the determination of “Net Operating Assets” shall (i) exclude Cash, Indebtedness and IPG Transaction Expenses, (ii) exclude any assets and liabilities related to Income Taxes, (iii) exclude amounts outstanding under the Participations Intercompany Loan, (iv) exclude any Intercompany Balances that are eliminated by discharge or otherwise at or prior to the Closing in accordance with Section 5.05(c), (v) exclude all amounts payable at or following the Closing pursuant to the Retention Agreements and Severance Arrangements, (vi) exclude all assets and liabilities under the Excluded Plans and (vii) include all assets and liabilities related to the IPG Plans and the New IPG Plans, in each case, as determined in accordance with the Calculation Principles.
Net Operating Assets means, at the applicable measurement date, the net book value of the Acquired Assets (exclusive of cash and cash equivalents), net of the net book value of the Assumed Liabilities (exclusive of the Stated Debt), and (b) "Stated Net Debt" means the aggregate amount of the Stated Debt net of cash and cash equivalents as of March 31, 1999."
Examples of Net Operating Assets in a sentence
Our measure for this is an expected minimum Return on Net Operating Assets (RONOA) of 10% per annum over a business cycle.
Our measure for this is an expected minimum Return on Net Operating Assets (RONOA) of 10% over a business cycle.
We finish part I with predictions of Return on Net Operating Assets (RNOA) for assigned companies of interest.
RONOA =Operating Profit Net Operating Assets This ratio indicates what return the company’s operating assets, i.e. its machines, stocks, buildings etc.
RONOA =Operating Profit Net Operating Assets This ratio indicates what return the company’s operating assets (i.e. its machines, stocks, buildings etc.) generate.
More Definitions of Net Operating Assets
Net Operating Assets means the net operating assets of the Finishing Business as of the Closing Date, calculated in accordance with methodologies used to calculate net operating assets on Schedule 3.1(b).
Net Operating Assets means, as of a particular date, the Operating Assets as of such date minus the Operating Liabilities as of such date.
Net Operating Assets means, when used with reference to the Balance Sheet and the Closing Date Balance Sheet (prepared in accordance with the Agreed Procedure in the case of the Closing Date Balance Sheet), as the case may be, the amount by which (A) exceeds (B), where (A) equals (1) Accounts Receivable - Net (or Net Trade Receivables), plus (2) Inventories - Net, plus (3) Other Current Assets, plus (4) Net Property, Plant and Equipment, plus (5) Intangibles excluding good will and (6) Other Assets excluding Capitalized Acquisition Costs, and (B) equals (1) Accounts Payable, plus (2) Accrued Liabilities, in each case as reflected on the Balance sheet and the Closing Date Balance Sheet, as applicable.
Net Operating Assets means:
Net Operating Assets is defined in Section 2.4(a).
Net Operating Assets means, at the applicable measurement date, the total assets of the Company (exclusive of cash and cash equivalents), net of total liabilities of the Company (exclusive of the aggregate amount of the indebtedness and tax liability described in Schedule 1.2, at the applicable measurement date), and (b) "Stated Net Debt" means the aggregate amount, as of March 31, 1999, of those liabilities of the Company specifically identified and described on Schedule 1.2 (net of cash and cash equivalents at March 31, 1999).
Net Operating Assets means the Company's total assets (other than cash and cash equivalents) less liabilities, as adjusted and calculated in accordance with the procedure established for delivering the Final Closing Balance Sheet in Section 2.6. Prior to or at Closing, the Company will distribute existing cash in payment of expenses pursuant to Sections 3.24 and 8.1, and to redeem its outstanding preferred stock and outstanding subordinated debt, with any remaining cash to be distributed pro rata to Sellers as a dividend.