Projected Closing Balance Sheet definition

Projected Closing Balance Sheet shall have that meaning set forth in Section 7.7(d)

Projected Closing Balance Sheet means an estimated balance sheet of the Company as of 11:59 pm on the Closing Date.

Projected Closing Balance Sheet means a consolidated balance sheet prepared by Xxxxxxxx and delivered to Xxxxxx at least one Business Day prior to the Closing Date which reflects Xxxxxxxx'x reasonable projection of the Closing Balance Sheet and which, to the extent practical, shall be prepared according to GAAP, applied on a basis consistent with the policies and practices used to create the December 31, 2003 Balance Sheet; provided, however that the Projected Closing Balance Sheet will, among other items, reflect the Balance Sheet Adjustments even if not in accordance with GAAP.

Examples of Projected Closing Balance Sheet in a sentence

• The Cash Purchase Price shall be decreased by the amount (“Closing Adjustment Amount”) equal to the amount that the Net Assets in such updated Projected Closing Balance Sheet are less than RMB29,025,000 (“Target Net Asset Value”).

• The Closing Adjustment Amount shall be expressed in US$ based on a US$/RMB exchange rate as of the date the updated Projected Closing Balance Sheet is delivered.

• The Projected Closing Balance Sheet was prepared using categories, principles and policies consistent with those contained in the Base Balance Sheet and represents the Company’s reasonable good faith estimate of the Closing Balance Sheet, setting forth the estimated Closing Net Working Capital and Estimated Net Working Capital Adjustment Amount, if any, as of the close of business on the day immediately prior to the Closing Date.

More Definitions of Projected Closing Balance Sheet

Projected Closing Balance Sheet means a good faith estimated balance sheet of AirPatrol as determined in accordance with GAAP applied in a manner consistent with the AirPatrol Closing Financial Statements, as of 11:59 pm on the Closing Date (which shall assume that the Closing has not yet occurred as of such time).

Projected Closing Balance Sheet is defined in Section

Projected Closing Balance Sheet has the meaning set forth in Section 1.5(b) hereof.

Projected Closing Balance Sheet is defined in Section 1.04.

Projected Closing Balance Sheet means an estimated balance sheet of the Company as of the Closing (before giving effect to the payments to be made at the Closing pursuant to Section 2.4(b)(i)-(iii)).