Other Current Assets definition

Other Current Assets means all prepaid and deferred items (including prepaid rent and other prepaid expenses), credits and deposits, rights of offset and credits and claims for refund (including Tax refunds arising from or pertaining to the Pre-Closing Tax Period) generated or incurred by the Subject Partner Companies.

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Other Current Assets means the assets related to and rights to payment of the type set forth on the Interim Balance Sheet next to the heading “Other current assets”.

Other Current Assets means all current assets of the FAST Operating Entities on a combined basis (other than Cash, Accounts Receivable, Inventory, deferred tax receivables and assets, or prepayments relating to any Indebtedness) all as determined in accordance with GAAP;

Examples of Other Current Assets in a sentence

This net increase also reflected the recognition of $650,000 of net deferred tax assets, included in Other Current Assets, attributable to 1998 current income tax liabilities available to benefit future income tax losses, if any.
Except as otherwise expressly provided, as used in Article 1 of this Agreement, Accounts Payable, Accounts Receivable, Cash, Indebtedness, Inventory, Other Current Assets and Working Capital of the Acquired Companies will mean the amounts determined in accordance GAAP, provided that the audited financial statements are audited in accordance with US Public Company Accounting Oversight Board principles, consistent with the Acquired Companies’ past practices.
To the extent that any Receivables or Inventory have likewise been distributed to ▇▇▇▇▇▇ or any Affiliate between January 1, 1997 and the Closing Date ("Distributed Other Current Assets"), then for purposes of the computation of Working Capital, the Distributed Other Current Assets shall either (x) be treated as if it were Receivables or Inventory, as the case may be, and be remitted to FMT or (y) the Working Capital shall decrease by the book value of the Distributed Other Current Assets.
Other Current Assets shall not include Other Inventory, the Intercompany Payments or Excluded Assets.
If within 30 days following delivery of the Inventory and Other Current Assets Amount Statement, Buyer has not given Seller notice of its objection to the Inventory and Other Current Assets Amount Statement (such notice must contain a statement of the basis of Buyer’s objection), then the Inventory and Other Current Assets Amount reflected in the Inventory and Other Current Assets Amount Statement will be used in computing the Adjustment Amount.

More Definitions of Other Current Assets

Other Current Assets means all prepaid expenses, deposits and other current assets of the Business.

Other Current Assets. Deferred Tax Assets" and "Other Assets" all as classified on Numatics' consolidated balance sheet, including, but not limited to, transaction costs not amortized, debt issuance costs not amortized and product drawings, as determined solely by Lender on a consistent basis less prepaid expenses and obligations due from officers, affiliates and employees plus the amount of any LIFO reserve plus the amount of any debt subordinated to the Liabilities in a manner satisfactory to Lender (but excluding the indebtedness evidenced by the Subordinated Redemption Note dated January 3, 2001 in the principal amount of One Million Eighty-Nine Thousand Nine Hundred Ninety-Six and No/100 Dollars ($1,089,996.00) issued by Numatics to ▇▇▇▇▇ ▇. ▇▇▇▇▇ and, to the extent in excess of Five Hundred Thousand and No/100 Dollars ($500,000.00), indebtedness consisting of deferred compensation owing to ▇▇▇▇ ▇▇▇▇▇▇) plus deferred tax liabilities, all as determined for Numatics and its Subsidiaries on a consolidated basis under generally accepted accounting principles applied on a basis consistent with the financial statement dated September 30, 2001 except as set forth herein and calculated without giving effect to any unrealized non-cash foreign exchange gains and/or losses accumulating after December 31, 2001;

Other Current Assets mean all current assets of the Acquired Companies, including prepaid expenses and deposits of the Acquired Companies other than Cash, Accounts Receivable, and Inventory, to the extent reflected on the Acquired Companies’ balance sheet as of the Closing Date (but without giving effect to the Pre-Closing Restructuring or any actions taken by or at the direction of Buyer on the Closing Date after the Closing has occurred), but excluding any prepayment or similar asset that would not benefit Buyer following the Closing.

Other Current Assets means all other current assets of the Partnership and the Subsidiaries; provided, however, notwithstanding any provision of this Agreement to the contrary, Adjustment Assets shall not include inventory or accounts receivable that are not Eligible Accounts Receivable.

Other Current Assets means prepaid taxes, receivables from employees other than loans issued to employees. The balance of other current assets shall be decreased for any items that either do not result in cash inflows after the relevant Completion Date or do not bring future economic benefit to the Group Companies.

Other Current Assets means (i) prepaid expenses and all claims for refunds and rights to set-off in respect thereof (other than prepaid expenses with respect to the Excluded Assets and other than Taxes and Tax refunds, credits and offsets), in each case to the extent related to the Business and (ii) the China Bank Drafts having an original maturity of greater than 90 days.

Other Current Assets means any current assets of Seller used in or primarily relating to or necessary for the Cable Modem Business as of the Closing Date, included in the Acquired Assets and transferred to Holdco at the Closing, determined in accordance with GAAP, other than Adjusted Accounts Receivable, Assigned Security Deposits and Prepayments. Other Current Assets shall not include Other Inventory, the Intercompany Payments or Excluded Assets.