Final Net Asset Amount definition

Final Net Asset Amount shall have the meaning set forth in Section 2.3. Section 1.29.
View Source
Final Net Asset Amount has the meaning set forth in Section 3.15(a).
View Source
Final Net Asset Amount shall be the amount of the Net Assets of the Company as of the Effective Time, as reflected on the Closing Date Balance Sheet.
View Source

Examples of Final Net Asset Amount in a sentence

  • No credit will be given to Seller and Seller's Parent for any reserves for litigation set forth on the Financial Statements or included in the calculation of the Final Net Asset Amount.

  • The "Final Net Asset Amount" shall be the amount of the Net Assets of the Company as of the Effective Time, as reflected on the Closing Date Balance Sheet.

  • For purposes of determining the liability of an Indemnifying Party for a breach of the representation contained in the last sentence of Section 4.6, the Indemnity Basket shall be $75,000 and the Indemnity Cap shall be 75% of the accounts receivable of the Picasso Media Business to be reflected in the Final Net Asset Amount, net of the reserves to be reflected in the Final Net Asset Amount.

  • Any payment due Purchaser under this Section 2.5(d) shall be made on or before the fifth Business Day following the date on which the Final Net Asset Amount is finally determined.

  • Proposed Final Net Asset Amount" shall have the meaning set forth in Section 2.3. Section 1.66.

  • Buyer shall cause personnel of the PRC Companies to be reasonably available to assist Erns▇ & ▇oung LLP in its preparation of the Proposed Final Net Asset Amount.

  • Any payment due Seller under this Section 2.5(c) shall be made on or before the fifth Business Day following the date on which the Final Net Asset Amount is finally determined.

  • Proposed Final Net Asset Amount" shall have the meaning set forth in Section 2.3.

  • Subject to any applicable privileges (including the attorney-client and work product privileges), Buyer shall make available to Sellers and, upon request, to the independent accountants selected pursuant to Section 2.04(a), the books, records, documents and work papers used, created or prepared by or for Buyer in connection with the review of the Proposed Final Net Asset Amount and the other matters contemplated by Section 2.04(a).

  • The accounts receivable of the Picasso Media Business as reflected in the Net Asset Amount (and to be reflected in the Final Net Asset Amount) arose in the ordinary course of business from bona fide transactions and, except as set forth on Schedule 4.6, are not subject to any setoff, counterclaim or defense other than as reflected in the applicable reserves as reflected in the Net Asset Amount (and to be reflected in the Final Net Asset Amount).


More Definitions of Final Net Asset Amount

Final Net Asset Amount means an amount equal to (i) the sum of the Receivables, the prepaid expenses, and the fixed assets set forth in the Final Accounting Documents referred to in section 1.4, reduced by (ii) the sum of the Accrued Employee Liability (as defined below) and the Deferred Revenue Obligation (as defined in schedule 1.3) set forth in the Final Accounting Documents, and (z) "Assumed Liabilities" means all liabilities and obligations under the Customer Contracts, the Third Party Licenses, and the Leases, and all liabilities and obligations of the Seller and its subsidiaries in respect of accrued vacations, bonuses, commissions, and unfunded pension and other benefits to, and, in the case of employees and consultants domiciled outside the United States, pursuant to employment agreements with, the employees and consultants listed on schedule 4.2.9 who become employees or consultants of the Purchaser or its designees within 30 days after the Closing (the "Accrued Employee Liability"). The term "Assumed Liabilities" also includes all severance obligations to the employees and consultants listed on schedule 4.2.9 who become employees or consultants of the Purchaser or its designees within 30 days after the Closing. Notwithstanding the foregoing, however, "Assumed Liabilities" does not include (1) any liabilities or obligations for taxes, for the infringement of intellectual property rights of third parties, for violations of law, for breaches of contract, or for tort, in each case based on any facts, events, or circumstances arising or existing before the Closing, (2) any liabilities or obligations under any Customer Contracts, Third Party Licenses, or Leases that cannot be assigned or transferred to the Purchaser or its designees without the prior written consent of a third party, unless that written consent shall have been obtained, or (3) any liabilities or obligations for trade payables or accrued expenses, or for severance or other benefits to employees or consultants (other than as expressly set forth above).
View Source
Final Net Asset Amount means the amount calculated pursuant to Section 2.5(e) and (f). Financial Statements the Balance Sheet and related statement of operations and the Net Asset Statement of the Business as of the Balance Sheet Date and for the year then ended prepared in accordance with GAAP consistently applied, attached hereto as Schedule 4.4(a).
View Source
Final Net Asset Amount has the meaning given such term in Section 2.4(f); (ff) "Financial Statements" means, collectively, the consolidated unaudited financial statements of the Acquired Corporations for the periods ended December 31, 2003, 2004 and 2005, copies of which are attached hereto as Schedule 2.4; (gg) "GAAP" means generally accepted accounting principles in Canada; (hh) "Governmental Authorization" means any (i) Permit, license, certificate, franchise, permission, easement variance, clearance, registration, qualification, exemption, order, approval or authorization issued, granted, given or otherwise made available by or under the authority of any Governmental Entity or pursuant to any Legal Requirement; or (ii) right under any Contract with any Governmental Entity; (ii) "Governmental Entity" means any federal, provincial, state, regional or municipal government or other political subdivision thereof and any entity or person of competent jurisdiction exercising executive, legislative, judicial, regulatory or administrative functions of, or pertaining to government; (jj) "GST" means goods and services tax; (kk) "Hazardous Substances" means (i) any hazardous materials, hazardous wastes, hazardous substances, toxic wastes and toxic substances as those or similar terms are defined under any Environmental Laws; (ii) any asbestos or any material which contains any hydrated mineral silicate, including chrysolite,
View Source

Related to Final Net Asset Amount

  • Net Amount means the Distribution Amount less the sum of all quarterly payments received by the COP Swap Counterparties under the COP Swap Collateral Agreement in respect of amounts owed under the COP Swap Agreements since January 1, 2014.

  • Net Asset Value or "NAV” means per Unit value of the Trust arrived at by dividing the Net Assets by the number of Units outstanding.

  • Allocation Amount means, as of the Closing Date, the Series [•] Stated Principal Amount and on any date of determination thereafter, the sum of, without duplication, (a) the Allocation Amount determined as of the later of the Closing Date or the date of determination immediately prior to the then current date of determination, plus (b) the amount of all increases in the Series [•] Stated Principal Amount resulting from the issuance of additional Series [•] Notes since the prior date of determination, plus (c) all reimbursements, as provided in Section 4.04(e) or otherwise, of reductions in the Allocation Amount due to Investor Charge- Offs or Reallocated Principal Collections since the prior date of determination, minus (d) the amount of the reduction in the Allocation Amount due to Investor Charge-Offs since the prior date of determination, determined as set forth in Section 4.07, minus (e) the amount of the reduction in the Allocation Amount due to the application of Reallocated Principal Collections since the prior date of determination, determined as set forth in Section 4.08, minus (f) the amount deposited into the Principal Funding Account or (without duplication) deposited into the Distribution Account pursuant to Section 4.05(c) or paid to the Series [•] Noteholders (in each case, after giving effect to any deposits, allocations, reallocations or withdrawals to be made on that day) since the prior date of determination; provided, however, that (1) the Allocation Amount may never be less than zero, (2) the Allocation Amount may never be greater than the Adjusted Outstanding Dollar Principal Amount and (3) if there is a sale of Collateral in accordance with Section 4.14, the Allocation Amount will be reduced to zero upon such sale.

  • Cash Flow Distribution Amount As to any calendar month, the aggregate amount of principal distributable in respect of the Mortgage Securities in such calendar month.

  • Total Distribution Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Interest Remittance Amounts for such date; (ii) the aggregate of the Principal Remittance Amounts for such date; and (iii) all Prepayment Premiums collected during the related Prepayment Period.