Common use of Net Assets Adjustment Clause in Contracts

Net Assets Adjustment. (a) As used herein, (i) the term “Net Assets” means the amount determined by subtracting the “Current Liabilities” from the “Current Assets,” and (ii) the term “Base Net Assets” means One Million Five Hundred Fourteen Thousand Nine Hundred Thirteen Dollars ($1,514,913).

Net Assets Adjustment. (a) As used herein, (i) the term “Net Assets” means the amount determined by subtracting the “Current Liabilities” of Sellers from the “Current Assets,” of Sellers and (ii) the term “Base Net Assets” means One Two Million Five Three Hundred Fourteen Forty-Six Thousand Nine Four Hundred Thirteen Thirty Dollars ($1,514,9132,346,430). Sellers represent and warrant that none of the HUD Escrow Funds are included in the Base Net Assets.

Net Assets Adjustment. (a) As used herein, (i) the term “Net Assets” means the amount determined by subtracting the “Current Liabilities” from the “Current Assets,” and (ii) the term “Base Net Assets” means One Two Million Five Three Hundred Fourteen Forty-Six Thousand Nine Four Hundred Thirteen Thirty Dollars ($1,514,9132,346,430).