Final Net Worth definition

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Final Net Worth means the Net Worth as of the Effective Date as determined in accordance with Section 2.07 below.

Final Net Worth means the Assets of the Business less the Liabilities of the Business, as reflected in the Final Balance Sheet referred to in Section 2.2(b). "Target Net Worth" shall mean $22,961,000.

Examples of Final Net Worth in a sentence

The term "Final Net Worth" means total assets minus total liabilities, as reflected on the Closing Date Balance Sheet Report.
Such firm's conclusions as to the carrying values to appear on the Closing Date Reports for purposes of determining the Final Net Worth of the Seller shall be conclusive.
In the event that the Final Net Worth is less than the Guaranteed Net Worth, the Seller shall within 15 days refund the amount of such deficiency in cash to Buyer.
Within 30 days after the IPO Closing Date, the Buyer and Seller shall adjust the Purchase Price of the Assets as set forth in Sections 2.4 and 2.5, and the Buyer shall deliver to Seller, or Seller shall deliver to Buyer, cash equal to the differential between the Guaranteed Net Worth and the Final Net Worth, if any.
In the event that any principal payments on the Note are made by LRA-CA prior to the determination of the final principal balance as a result of the determination of the Final Net Worth, then the amount of any such principal payments shall reduce the amount of the principal balance of the revised Note.

Final Net Worth shall have the meaning set forth in Section 2.05(f).

Final Net Worth has the meaning set forth in Section 1.3(e) hereof.

Final Net Worth has the meaning set forth in §2(d)(iii) herein.

Final Net Worth means the amount of the Net Worth as finally determined pursuant to Section 2.4; provided, however, that in no event shall the Final Net Worth be more than Seller's calculation of the Net Worth delivered pursuant to Section 2.4(a) or less than Acquiror's calculation of the Net Worth delivered pursuant to Section 2.4(b). The amount of any payment to be made pursuant to this Section 2.5 will bear interest from the Closing Date to the date of payment at a rate per annum equal to the lesser of (i) the "Prime Rate" published by The Wall Street Journal, in the "Money Rates" section thereof on the first business day following the Closing Date, or (ii) the maximum rate permitted by applicable Law. Such interest shall be calculated daily on the basis of a 365-day year and the actual number of days elapsed.

Final Net Worth has the meaning ascribed thereto in Section 2.16(d) of this Agreement.

Final Net Worth. The net worth of the Company (not including liabilities not being transferred to Buyer in connection with the transactions contemplated hereby) determined as of the Closing Date pursuant to the terms and conditions of Section 5.13.