Reference Net Current Assets definition

Reference Net Current Assets means $9,434,000 the details of which are set forth on Schedule 3.1(b).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Reference Net Current Assets means the current assets of the Business less the current liabilities of the Business as reflected on the Reference Balance Sheet (as defined in Section 3.9).

Reference Net Current Assets means Twenty-Five Million, Four Hundred Thousand Dollars ($25,400,000).

Examples of Reference Net Current Assets in a sentence

• If the value of the Closing Net Current Assets as set forth on Closing Statement is less than the Reference Net Current Assets, then the Purchase Price payable at Closing under Section 3.1 (a) shall be decreased by the amount of such shortfall.