Closing Date Net Asset Value definition

Closing Date Net Asset Value as defined in Section 3.2 hereof.

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Closing Date Net Asset Value means the amount by which the total assets of the Company and the Company Subsidiaries on a consolidated basis exceeds the total liabilities of the Company and the Company Subsidiaries on a consolidated basis, in each case as derived from the Closing Date Balance Sheet.

Closing Date Net Asset Value means the book value of the Purchased Assets (excluding any value attributed to intangibles that were not on the balance sheet for the Business as of March 31, 1997 referred to in Section 2.3) minus the book value of the Assumed Obligations (not including any liabilities or obligations under the Retention Plan), in each case as carried on Seller's books of account in accordance with GAAP consistently applied (provided that in the event of any conflict between those principles required under GAAP and those principles required for consistency, the principles required under GAAP shall control) as of the Closing Date.

Examples of Closing Date Net Asset Value in a sentence

The decision of any such accounting firm under this clause (b) with respect to all disputed matters relating to the Closing Date Net Asset Value shall be deemed final and conclusive and shall be binding upon ▇▇.
In preparing the Buyer Closing Date Net Asset Value Statement, the Buyer shall be entitled to have access to the books and records of the Seller and the work papers of the Seller prepared in connection with the preparation of the Closing Date Net Asset Value Statement and shall be entitled to discuss such books and records and work papers with the Seller and those persons responsible for the preparation thereof.
The accounting firm selected pursuant to Section 2(g)(iii) shall be entitled to have access to the books and records of the Buyer and the Seller and the work papers of the Buyer and the Seller prepared in connection with the preparation of the Closing Date Net Asset Value Statement and the Buyer Closing Date Net Asset Value Statement and shall be entitled to discuss such books and records and work papers with the Buyer and the Seller and those persons responsible for the preparation thereof.
Purchaser and its representatives shall have the right to review all work papers and procedures used to prepare the Base Date Balance Sheet and the Closing Date Balance Sheet and the calculation of the Base Date Net Asset Value and the Closing Date Net Asset Value, and shall have the right to perform any other reasonable procedures necessary to verify the accuracy thereof.
The Seller shall also make available to the Buyer copies of all work papers and other documents and data as were used to prepare the Closing Date Balance Sheet (and any items therein) and the Closing Date Net Asset Value calculation.

More Definitions of Closing Date Net Asset Value

Closing Date Net Asset Value is as set forth on Exhibit A hereto as of the Effective Date, subject to updating such Exhibit A in connection with the Closing in accordance with the requirements of Section 6.14.

Closing Date Net Asset Value or “NAV” means the difference, as of 11:59 p.m., New York, New York time, on the Closing Date, between (a) the sum of the cash, accounts receivable, inventory, prepaids, equipment, royalty advance, and prepublication costs (at a 25% discount) which are included in Acquired Assets, as reflected on the Closing Date Balance Sheet, and (b) the sum of all of the Assumed Liabilities, as reflected on the Closing Date Balance Sheet, less (c) $225,000, as determined in accordance with Section 4.2(b).

Closing Date Net Asset Value means (x) the total Current Assets shown on the Closing Date Working Capital Statement, minus (y) the total Current Liabilities shown on the Closing Date Working Capital Statement.

Closing Date Net Asset Value has the meaning set forth in Section 2(b)(iii) below.

Closing Date Net Asset Value means total assets, excluding book cash (including investments, marketable securities and other cash type assets), minus total liabilities, excluding Indebtedness used to determine the Closing Amount as of the Closing Date, as such amounts are set forth on the Closing Date Balance Sheet (as prepared and determined in accordance with Section 2.4).

Closing Date Net Asset Value is defined in Section 1.5(c) hereof.

Closing Date Net Asset Value means the difference between (x) the total assets shown on the Closing Date Balance Sheet properly prepared in accordance with Section 1.7 and (y) the total liabilities shown on such Closing Date Balance Sheet, excluding any deferred tax assets and deferred tax liabilities.

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