Target Net Assets definition

Target Net Assets has the meaning set forth in Section 2.7(a). Tax: any federal, state, provincial, local or foreign income, alternative, minimum, accumulated earnings, personal holding company, franchise, capital stock, net worth, capital, profits, windfall profits, gross receipts, value added, sales, use, goods and services, excise, customs duties, transfer, conveyance, mortgage, registration, stamp, documentary, recording, premium, severance, environmental (including taxes under Section 59A of the Code), real property, personal property, ad valorem, intangibles, rent, occupancy, license, occupational, employment, unemployment insurance, social security, disability, workers' compensation, payroll, health care, withholding, estimated or other similar tax, duty or other governmental charge or assessment or deficiencies thereof, and including any interest, penalties or additions to tax attributable to the foregoing. Tax Return: any return, report, declaration, form, claim for refund or information return or statement relating to Taxes, including any schedule or attachment thereto, and including any amendment thereof.

Target Net Assets has the meaning as set forth in Section 3.2(d).

Target Net Assets means $49,311,000.

Examples of Target Net Assets in a sentence

• The Purchase Price shall be (i) increased by the amount that the Closing Date Net Assets (as hereinafter defined), are greater than $25,099,080 (which amount is the book value of the net assets as shown on the adjusted September Balance Sheet (the "Target Net Assets"); or (ii) decreased by the amount that the Closing Date Net Assets are less than the Target Net Assets.

• Table 1 Advised Funds Target Date Target Net Assets December 31, 1994 (and $950 million December 31 of each year thereafter) The Net Fee of the Administrator shall be the fee received by the Administrator from Idex Management less any reimbursement from the Administrator in connection with any applicable Fund expense limitation.

• The Cash Portion of the Purchase Price shall be (i) increased by the amount that the Closing Date Net Assets (as hereinafter defined), is greater than the book value of the net assets as shown on the September 30, 1997 Statement of Net Assets (the "Target Net Assets"); or (ii) decreased by the amount that the Closing Date Net Assets is less than the Target Net Assets.

• The Accounting Firm’s role shall be limited to resolving such objections and determining the correct calculations to be used on only the disputed portions of the Closing Statement, and the Accounting Firm shall not make any other determination, including any determination as to whether any other items on the Closing Statement are correct or whether the Target Net Assets is correct.

• It is further understood and agreed that there shall be no increase in Closing Date Net Assets as a result of the reversal of any general, unspecified, unsubstantiated contingency or management reserve, after September 30, 1999 and on or before the Closing Date, that was (i) included in the determination of Target Net Assets and (ii) not disclosed as such by Seller to Buyer during Buyer's due diligence of the Business.

More Definitions of Target Net Assets

Target Net Assets means forty million dollars ($40,000,000).

Target Net Assets means $19,969,906, which is the Net Assets as of April 30, 2003 as shown on Schedule 3.2 of the Sellers Disclosure Schedule which was calculated from the Balance Sheet prepared in accordance with the Agreed Accounting Principles on such Schedule 3.2 of Sellers Disclosure Schedule

Target Net Assets means the amount of zero (0).

Target Net Assets means One Hundred Sixty Million Twenty-Nine Thousand (160,029,000) SEK.

Target Net Assets means $52,748,000.

Target Net Assets means £3,800,000. 2 Within 30 Business Days after the Completion Date, the Purchaser shall prepare in accordance with this Part 15 of the Schedule and submit to the Vendors’ Representatives a draft of the Net Assets Statement (the “Draft Statement”). The Draft Statement shall be in the format set out in Part 16 of the Schedule (the “Pro Forma Net Assets Statement”) and shall give a figure for the Net Assets.

Target Net Assets means an amount equal to $135,600,000.