Net Worth Deficiency definition

Net Worth Deficiency is defined in Section 3.1.
Sample 1Sample 2Sample 3
Net Worth Deficiency has the meaning specified in Section 1.05(d).
Sample 1Sample 2Sample 3
Net Worth Deficiency for any period shall mean the amount by which $500,000,000 exceeds the Net Worth in respect of such period.
Sample 1Sample 2Sample 3

Examples of Net Worth Deficiency in a sentence

  • Further, following any such Transfer in which a Net Worth Security LC is required to be deposited with Landlord, the Successor Guarantor shall continue to maintain with Landlord a Net Worth Security LC at all such times during the Term in which a Net Worth Deficiency continues to exist on the part of the Successor Guarantor.

  • At its sole and exclusive option, and at any time after such 25th business day (or if applicable, not later than the fifth business day after the final determination of any Disputed Amount in accordance with Section 3.2), UniCapital shall be entitled to recover from the Escrow Property pursuant to Article 4 all or any portion of the amount of the Net Worth Deficiency not paid by the Stockholders as required by this Article 3.

  • An "Indemnifiable Decrease" shall be equal to the amount of any Net Worth Deficiency that consists of a liability for which UniCapital would otherwise be entitled to indemnity under Article 12 but that has been (a) accrued or (b) actually paid (so long as it was not previously accrued on or before December 31, 1997) during the Interim Net Worth Period.

  • If UniCapital and the Stockholders' Representative cannot resolve any such dispute relating to the Net Worth Deficiency, then such dispute shall be resolved by an independent nationally recognized accounting firm which is reasonably acceptable to UniCapital and the Stockholders' Representative (the "Independent Accounting Firm").

  • Notwithstanding anything in this SECTION 2 to the contrary, if there is any Net Worth Deficiency and the Stockholders dispute any item contained on the Closing Date Balance Sheet, the Stockholders shall notify the Parent in writing of each disputed item (collectively, the "Disputed Amounts"), and specify the amount thereof in dispute within thirty (30) business days after the delivery of the Closing Date Balance Sheet.


More Definitions of Net Worth Deficiency

Net Worth Deficiency shall have the meaning set forth in Section 3.1(d) of this Agreement.
Sample 1
Net Worth Deficiency means, with respect to the Target and its Subsidiaries, the amount, if any, by which the Net Worth Value is less than $1,500,000.
Sample 1
Net Worth Deficiency means the amount by which the shareholders' equity of SMI as reflected on the Closing Balance Sheet is less than $41,000,000.
Sample 1Sample 2
Net Worth Deficiency means that, at any time, the Consolidated Net Worth of XL Group and its Subsidiaries is less than $3,000,000,000 (or its equivalent in other currencies);
Sample 1
Net Worth Deficiency. As defined in Section 2.05(f).
Sample 1
Net Worth Deficiency means the amount, if any, by which Final Net Worth is less than $19,300,000 plus, without duplication, the amount, if any, by which the cash and cash equivalents held by the Company at the Effective Time are less than $2,000,000.
Sample 1
Net Worth Deficiency means the amount equal to $1,000,000 minus the amount of the Effective Date Net Worth. Accordingly, if the net worth of Seller (not including for purposes of such determination the items listed in Schedule 2.4, the Excluded Assets, or any obligations or liabilities of Seller not being assumed by CIBER hereunder) (the "Effective Date Net Worth") on the Final Effective Date Balance Sheet (or the Certified Balance Sheet, if applicable) (x) is less than $1,000,000, then the Maximum Additional Cash Consideration due and payable to Seller shall be reduced by the amount of the Net Worth Deficiency; or (y) is less than $0, then Seller shall be required to pay CIBER such deficiency in cash.
Sample 1