Net Asset Statement definition

Net Asset Statement has the meaning set forth in Section 3.14 hereof.
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Net Asset Statement means the statement to be prepared in accordance with the provisions of clause 10 and Schedule 7 showing the Net Assets in the format set out in Part 3 of Schedule 7.
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Net Asset Statement has the meaning given to it in paragraph 1.4 of Schedule 7 (Completion Accounts);
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Examples of Net Asset Statement in a sentence

  • Buyer shall pay all Taxes (other than the sales, transfer, documentary, stamp, recording and similar Taxes referred to in Section 2.6) which are reflected on the Final Closing Net Asset Statement (such Taxes so reflected shall not, for purposes of clarity, include any Income Taxes of Seller), and all Taxes arising out of the operations of the Business with respect to transactions or periods after the Closing Date.

  • Within sixty (60) days after receipt of the Closing Net Asset Statement, Buyer shall either inform Seller in writing that the Closing Net Asset Statement is acceptable or object to the Closing Net Asset Statement in writing setting forth in reasonable detail a description of Buyer's objections.

  • The Closing Net Asset Statement shall present accurately the financial condition of the Assets and Assumed Liabilities as of the date thereof and shall be prepared in accordance with GAAP applied consistent with past practice and on a basis consistent with the April Net Asset Statement.

  • To the extent that a disagreement relates to an error in the Closing Statement of Assets and Liabilities and a similar error also exists in the Facility/Design Net Asset Statement, then, to the extent that such disagreement is determined to be an error, the error in the Closing Statement of Assets and Liabilities and the error in the Facility/Design Net Asset Statement shall both be corrected in determining the adjustment under Section 2.4(4).

  • Within fifteen (15) days after the Closing Date, Seller shall deliver to Buyer a statement of the Assets and Assumed Liabilities as of the close of business at 5:30 PM on the Closing Date (the "Closing Net Asset Statement") which reflects the Net Asset Value as of such date.


More Definitions of Net Asset Statement

Net Asset Statement means a statement showing the Net Asset Value of the Group Companies, on a consolidated basis, at Closing;
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Net Asset Statement means the statement to be drawn up pursuant to clause 2.2;
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Net Asset Statement means in respect of Closing, the statement to be prepared by the Seller and to be agreed or determined in accordance with Clause 5 and Annex 8.
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Net Asset Statement means the “Closing Divisional Balance Sheet” as defined in Section 3.2(a) of the US Business Sale Agreement;
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Net Asset Statement means the statement substantially in the form set out in Part 2 (Pro Forma Net Asset Statement) of Schedule 11 (Determination and Certification of Net Asset Adjustment) to be prepared in accordance with Schedule 11 (Determination and Certification of Net Asset Adjustment);
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Net Asset Statement means the net asset statement of the Business as of March 30, 2000 and to the "Net Asset Statement Date" shall mean March 30, 2000.
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Net Asset Statement has the meaning given to it in, as the context requires, the Greater Anglia Transfer Agreement, the Great Western Transfer Agreement or the South Eastern Transfer Agreement;
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