Final Closing Date Net Asset Value definition
Examples of Final Closing Date Net Asset Value in a sentence
The Balance Sheet Payment Amount means the amount by which the Final Closing Date Net Asset Value, determined pursuant to Section 2.15, is more (a "Positive Balance Sheet Adjustment Amount") or less (a "Negative Balance Sheet Adjustment Amount") than $8,870,363, the net asset value reflected on the Balance Sheet set out on the Interim Statement of Net Assets.
If the Final Closing Date Net Asset Value is less than the May 30 Net Asset Value, then the Stockholders, jointly and severally, shall pay to Purchaser the amount of such shortfall.
For the avoidance of doubt, if the Final Closing Date Net Asset Value is less than negative $442,000 (-$442,000), ▇▇.
Within five days following the date on which the Final Closing Date Net Asset Value is determined pursuant to Section 2.15, Buyer shall pay to Seller the Positive Balance Sheet Adjustment Amount or Seller shall pay to Buyer the Negative Balance Sheet Adjustment Amount, plus interest on the Alpha Wire Corporation amount paid at the rate equal to the average prime interest rate as shown in The Wall Street Journal for the period from the Closing Date to the payment date (the "Balance Sheet Payment").
If the Final Closing Date Net Asset Value is less than $15,375,000, then, subject to the provisions of the last sentence of this Section 2(g)(v), the Purchase Price shall be decreased by an amount equal to the amount of such shortfall.
For purposes of this Section 4.4(b)(ii), the result of the Final Closing Date Net Asset Value plus the amount of the Buyer Note reduction is defined as the “Adjusted NAV”.
In no event will the holders of the Series A Preferred be deemed to own more than 492.5 Common Units pursuant to the application of the foregoing provisions, and in no event will the holders of the Series A Preferred be deemed to own any Common Units pursuant to the foregoing provisions if the Final Closing Date Net Asset Value is equal to or less than -$200,000.
Upon determination of the Final Closing Date Net Asset Value, the Series A Preferred shall have a per unit liquidation preference equal to the Final Closing Date Net Asset Value, divided by 1,000, plus accrued dividends as set forth in Section 6.3 below.
Any payment pursuant to this Section 2.05(b) shall be made by wire transfer of immediately available funds to an account designated by the Party receiving payment within five (5) Business Days after the final determination the Final Closing Date Net Asset Value.
The Company will issue Common Units to the holders of the Series A Preferred upon the determination of the Final Closing Date Net Asset Value.