Recorded Amount definition
Recorded Amount means, with respect to cash in U.S. and non-U.S. bank accounts, the amount on deposit in such bank accounts, as reflected on bank account statements in respect of such bank accounts, as of the Time of Distribution. The parties acknowledge that the Recorded Amount with respect to any bank account will not have deducted therefrom the amount of outstanding checks issued on such account.
Recorded Amount means the amount of (i) cash on deposit in each of the Washington Bank Accounts as reflected in bank account statements in respect of such Washington Bank Accounts as of the applicable Local Closing Time and (ii) wire transfers to any of the Washington Bank Accounts initiated prior to the applicable Local Closing Time but credited to the Washington Bank Accounts thereafter. No deduction from such amounts shall be made in respect of any outstanding checks.
Recorded Amount means, with respect to Cash, the amount recorded by Rockwell as of the Time of Distribution in accordance with Rockwell's practices and procedures as in effect on the date hereof. The parties acknowledge that such practices and procedures include (i) deducting the amount of outstanding checks for the purposes of determining the Recorded Amount of Cash in non-U.S. bank accounts and (ii) not deducting the amount of outstanding checks for the purposes of determining the Recorded Amount of Cash in U.S. bank accounts.
More Definitions of Recorded Amount
Recorded Amount means the amount of (i) cash on deposit in each of the Washington Bank Accounts as reflected in bank account statements in respect of such Washington Bank Accounts as of the applicable Local Closing Time and
Recorded Amount means book value or carrying amount.