Specified Current Assets definition

Specified Current Assets shall have the meaning specified in Exhibit B.

Specified Current Assets means the Company’s and the Subsidiaries’ (a) accounts receivable, net; (b) unbilled revenue; (c) Tax receivables; and (d) other current assets, in each case, determined in accordance with the Agreed Principles; provided, that the Specified Current Assets shall not include (i) Cash; (ii) prepaid management fees; (iii) deferred financing fees; or (iv) deferred Tax assets.

Specified Current Assets means Accounts Receivable, cash, deposits and prepaid expenses.

Examples of Specified Current Assets in a sentence

• Term Loans from Banks are secured by Equitable Mortgage of Specified Factory Land and Building as well as Specified Fixed Assets and collaterally secured by hypothecation of Specified Current Assets of the Company and Personal Guarantee of Chairman & Managing Director.

• As promptly as practicable, but in any event on or before sixty (60) days following the Closing Date, Buyer shall prepare and deliver to Seller a detailed statement (the “ Closing Statement”) setting forth Buyer’s computation of Specified Current Assets and Specified Current Liabilities as of the Effective Time and a calculation of the Net Purchase Price based on such computations.

• Specified Current Assets Commitment Amount means, with respect to any Current Assets Election, the amount specified by the Company as the “Specified Current Assets Commitment Amount” in such Current Assets Election.

• Specified Current Assets and Specified Current Liabilities and the estimates thereof delivered pursuant to Section 2.3 shall be calculated in accordance with definition of each such item in this Agreement and with the Accounting Principles.

More Definitions of Specified Current Assets

Specified Current Assets means the current assets of the Company and the Company Subsidiaries of the types set forth in Exhibit F as of the Effective Time, which Exhibit includes the Specified Current Assets as of June 6, 2021 for illustrative purposes only.

Specified Current Assets has the meaning set forth on Exhibit B attached hereto.

Specified Current Assets means the assets of the Company and its Subsidiaries identified on Exhibit B as Specified Current Assets.

Specified Current Assets means, in each case free and clear of all Liens,

Specified Current Assets means, without duplication, (i) all accounts receivable to the extent related to the Transferred Business (including (x) all receivables in respect of Hydrocarbons sold on behalf of any Drilling Partnership, (y) all receivables due from any Drilling Partnership and (z) all receivables in respect of Hydrocarbons sold with respect to the Transferred Direct Oil and Gas Interests) and (ii) all prepaid expenses to the extent related to the Transferred Business (it being understood that Specified Current Assets shall not include any Cash or any amounts attributable to Hxxxxx).

Specified Current Assets means the Company’s and the Subsidiaries’ (a) accounts receivable, net; (b) unbilled revenue; (c) Tax receivables; and (d) other current assets, in each case, determined in accordance with the Agreed Principles; provided, that the Specified Current Assets shall not include

Specified Current Assets means, for purposes of calculating Net Working Capital, the amount of the categories of current assets of the Company described on Schedule 1.14 calculated in accordance with U.S. GAAP except as provided in Schedule 1.14. For the avoidance of doubt, “Specified Current Assets” shall not include any Cash.