Prepaid Assets definition
Examples of Prepaid Assets in a sentence
Schedule 3.8(c)(2) to the Seller Disclosure Letter contains a true and complete list of all Prepaid Assets of Seller as of the date of this Agreement (which schedule will be updated to reflect Prepaid Assets of Seller as of the Closing Date by Seller and delivered to Buyer at least one Business Day prior to the Closing Date).
The Approval Order shall further provide that (x) any Real Property, Personal Property, Prepaid Assets and Inventory relating to the Assumed Contracts or Retained Contracts that are later designated as Assumed Contracts shall be deemed Acquired Assets and (y) any Real Property, Personal Property, Prepaid Assets and Inventory relating to the Rejected Contracts or Retained Contracts that are later designated as Rejected Contracts are rejected by the Sellers shall be deemed Excluded Assets.
Section 6.4 of the Sellers Disclosure Schedule sets forth, in reasonable detail, all prepaid assets and deposits of the Target Companies and their Subsidiaries (“Pre-Closing Prepaid Assets and Deposits”), all cash and cash equivalents (“Pre-Closing Cash Balances”), accounts receivables, unbilled accounts receivable and Tax receivables relating to periods prior to the Closing Date (such accounts receivables and Tax receivables, the “Pre-Closing Receivables”) (collectively, “Pre-Closing Current Assets”).
First Closing Leased Equipment) Schedule 2.1(g) First Closing Other Assets Schedule 2.2(a) Second Closing Purchased Contracts Schedule 2.2(b) Second Closing Assumed Real Estates Leases Schedule 2.2(c) Second Closing Purchased Accounts Receivable/Unbilled Amounts Schedule 2.2(d) Second Closing Inventory Schedule 2.2(e) Second Closing Prepaid Assets Schedule 2.2(f) Second Closing PP&E (incl.
At the Closing, Buyer and Seller shall use commercially reasonable efforts to agree upon an allocation of the total Purchase Price payable for the Purchased Assets; provided, however, that such allocation shall be adjusted in respect of the amounts attributable to the Purchased Inventory and the Prepaid Assets promptly upon the final determination thereof in accordance with Sections 1.2 and 1.4 on a dollar-for-dollar basis.