NET CURRENT ASSETS Clause Samples

NET CURRENT ASSETS. As at 30 June 2021, the Group’s net current assets, defined as total current assets less total current liabilities, amounted to RMB3,252 million (31 December 2020: RMB4,660 million).

NET CURRENT ASSETS. LCCR's net current assets (current assets minus current liabilities), as calculated under Section 2.7 of this Agreement, shall be at least $1.8 million.

NET CURRENT ASSETS. (i) If the Net Current Assets exceed the Estimated Net Current Assets, the Purchaser shall pay to the Principal Seller an additional amount equal to the excess of the Net Current Assets over the Estimated Net Current Assets as an increase in the consideration for the Shares. (ii) If the Net Current Assets are less than the Estimated Net Current Assets, the Principal Seller shall repay to the Purchaser an amount equal to such deficit as a reduction in the consideration for the Shares. (iii) Any payments pursuant to this Clause 8.2.1 shall be made on or before five Business Days after the date on which the process described in Part 2 of Schedule 6 for the preparation, agreement and/or determination of the Net Current Asset Statement is complete.

NET CURRENT ASSETS. As soon as practicable but within thirty (30) days after the Closing Date, the Shareholders, at their expense, shall cause ▇▇▇▇▇ & Associates, an independent accounting firm, to prepare a balance sheet of the Company immediately prior to the Effective Time (the "Effective Time Balance Sheet") setting forth the net current assets of the Company using accrual accounting and in conformance with generally accepted accounting principles (the "Net Current Assets"). A copy of the Effective Time Balance Sheet shall be promptly furnished to Parent. If Parent disagrees with the Net Current Assets, Parent shall engage Coopers & ▇▇▇▇▇▇▇, an independent public accounting firm, at its expense, to audit the Effective Time Balance Sheet and deliver a certified written report to the Shareholders confirming the Net Current Assets ("Audited Net Current Assets"). If the Shareholders fail to notify Parent within fifteen (15) days after receiving the Coopers & ▇▇▇▇▇▇▇ report, such report shall be deemed accepted for purposes of calculating Net Current Assets. If the Shareholders should so notify Parent of a dispute concerning Audited Net Current Assets, Parent shall then engage another big-six independent accounting firm that is mutually acceptable to Parent and the Shareholders to resolve such dispute and such firm shall notify Parent and the Shareholders of its resolution of such dispute within two weeks of its engagement by Parent. The cost of services provided by such big-six accounting firm shall be borne equally by Parent on one hand and the Shareholders on the other. Any such resolution shall be final and binding on all parties hereto for the purposes of calculating Net Current Assets. In the event the amount of Net Current Assets is less than $670,000 the Shareholders shall pay such deficit amount to Parent on a dollar-for-dollar basis within thirty (30) days following the later of its determination of the Net Current Assets, Parent's audit or the resolution of any dispute by such big-six accounting firm. In the event the amount of the Net Current Assets is greater than $670,000 Parent shall pay such excess amount on a dollar-for-dollar basis to the Shareholders within thirty (30) days following the later of either ▇▇▇▇▇ & Associates' determination of the Net Current Assets or the determination of Audited Net Current Assets. For purposes of this Section 3.7, "Net Current Assets" shall mean the current assets of the Company at the Effective Time determined in accordance ...

NET CURRENT ASSETS. 1. The Adjusted Net Current Assets of the Group shall be the aggregate of all the current assets as shown in the Completion Accounts less the aggregate of all liabilities (including amounts falling due to creditors not only within but also outside of one year) and charges (including provision for vessels survey and maintenance but excluding deferred Taxation except for Taxation arising on the sale or disposal of an asset when proceeds reinvested in a wasting asset) adjusted as follows to the extent not already taken into account in the Completion Accounts:- 1.1 without taking into account any amounts owed by one member of the Group to any other member of the Group; 1.2 pre paid expenses shall include fuel not paid for by charterers on board motor vessels as at Completion; 1.3 without taking into account any of the proceeds of sale respectively referred to in Clause 7.5 and Clause 7.6; 1.4 without taking into account the amount of any insurance claim respectively referred to in Clause 7.7 and Clause 7.8; 1.5 without treating as a current asset any Putford Vessel held for immediate realisation; 1.6 without taking into account the value of any spares.

NET CURRENT ASSETS. As soon as practicable but within thirty (30) days after the Closing Date, the Seller, at its expense, shall cause Connor Ash P.C., an independent accounting firm, to prepare a balance sheet of the Seller immediately prior to the Effective Time (the "Effective Time Balance Sheet") setting forth the net current assets of the Seller using accrual accounting and in conformance with generally accepted accounting principles (the "Net Current Assets"). A copy of the Effective Time Balance Sheet shall be promptly furnished to the Buyer. If the Buyer disagrees with the Net Current Assets, the Buyer shall engage Coopers & ▇▇▇▇▇▇▇, an independent public accounting firm, at its expense, to audit the Effective Time Balance Sheet and deliver a certified written report to the Seller confirming the Net Current Assets ("Audited Net Current Assets"). If the Seller fails to notify the Buyer within fifteen (15) days after receiving the Coopers & ▇▇▇▇▇▇▇ report, such report shall be deemed accepted for purposes of calculating Net Current Assets. If the Seller should so notify the Buyer of a dispute concerning Audited Net Current Assets, the Buyer shall then engage another big-six independent accounting firm that is mutually acceptable to the Buyer and the Seller to resolve such dispute and such firm shall notify the Buyer and the Seller of its resolution of such dispute within two weeks of its engagement by

NET CURRENT ASSETS. 6.19(a) Notices.........................................................................................3.25(a)(i) Patent Rights..........................................................................3.20(c) and 4.20(c) Permitted Lien.....................................................................................9.12(e) person ............................................................................................9.12(f) Post-Merger Board..................................................................................6.19(a)