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Common use of Determination of Net Worth Clause in Contracts

Determination of Net Worth. For purposes of determining cash assets on hand net of liabilities of $800,000 as provided in Section 8.4 of the Agreement and Plan of Reorganization and consisting of the sum of $500,000 to be delivered simultaneously

Appears in 2 contracts

Sources: Agreement and Plan of Reorganization (Sector Associates LTD), Agreement and Plan of Reorganization (Viragen Inc)

Related Clauses

  • Determination of Net Asset Value
  • CALCULATION OF NET ASSET VALUE
  • Determination of Gross-Up Payment
  • Determination of Net Asset Value, Net Income and Distributions
  • Determination of Amount

Parent Clauses

  • Capital Accounts Capital Contributions Net Worth Adjustments and Taxable Income and Loss
  • Sale and Purchase of Shares
  • Purchase Price Adjustment
  • Real Property
  • PURCHASE OF THE SHARES

Sub-Clauses

  • Determination of Actual Net Worth
  • Determination of Estimated Net Worth
  • Prepayment
  • Other Remedies
  • Payments of Interest and Principal
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