Target Net Assets definition
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.