Net Current Asset Value definition

Net Current Asset Value means the aggregate amount of current assets of the Company, including any (i) recoverable VAT in respect of any VAT period ended prior to the Relevant Time and (ii) recoverable research and development tax credit attributable to the Company’s 2020 fiscal year, (excluding the Cash and excluding any other deferred Tax asset), less the total liabilities of the Company (excluding Indebtedness and excluding any deferred Tax liability), including all Transaction Expenses, as at the Relevant Time as shown in the Final Closing Statement.
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Net Current Asset Value means an amount in HK$ equal to (i) all assets of the Group that, in accordance with HKFRS, are reflected as current assets on the applicable balance sheet; minus (ii) all liabilities of the Group that, in accordance with HKFRS, are reflected as current liabilities on the applicable balance sheet;
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Net Current Asset Value means the book value (lower of Gold ▇▇▇▇ cost or market) of the Inventory, net of usual and customary reserves, computed on a first-in first-out basis in accordance with GAAP and the Inventory Procedures, plus the Accounts Receivable as valued pursuant to GAAP and the Receivables Valuation Procedures, and plus the Prepaid Expenses, as defined herein, less the accrued expenses and the trade accounts payable of the Inputs Business, all as calculated in accordance with GAAP; provided, however, that neither the current portion of the ▇▇▇▇▇▇▇ County, Georgia ▇▇▇ ▇▇▇▇ nor the current portion of the ▇▇▇▇▇ ▇▇▇▇▇ Lease will be included as a liability in this computation if and to the extent that any such current portion is included in the total amount of such respective obligation deducted in the calculations of the Estimated Purchase Price pursuant to Section 4.2. and the Final Purchase Price pursuant to Section 4.4.
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Examples of Net Current Asset Value in a sentence

  • Except as set forth in Schedule 6.12, all Inventory consists of, and will at the Closing Date consist of, a quantity and quality usable and saleable in the ordinary course of business, except for obsolete items and items of below-standard quality, all of which shall be appropriately written-off or written down in accordance with the Inventory Procedures in the Post-Closing Statement of Net Current Asset Value.

  • Gold ▇▇▇▇ shall cooperate with Southern States and its accountants to the extent reasonable and practical in the course of preparing the Post Closing Statement of Net Current Asset Value.

  • In connection with the preparation of the Post-Closing Statement of Net Current Asset Value, Gold ▇▇▇▇ shall be permitted to observe the preparation thereof, and to review all work papers, books and records of Southern States and its accountants associated with such preparation.

  • The results of such physical count and inspection shall be used to determine the value of the Inventory to be set forth on the Post-Closing Statement of Net Current Asset Value.

  • Gold ▇▇▇▇ shall deliver the Pre-Closing Statement of Net Current Asset Value to Southern States at least ten (10) days prior to the Closing Date, for review by Southern States and its accountants.


More Definitions of Net Current Asset Value

Net Current Asset Value means the value of the net current assets of the Business calculated as the difference between the “Current Assets Being Transferred” and “Current Liabilities and Provisions Being Transferred”, within Forty (40) Calendar Days after the Execution Date or such other earlier date as may be determined by the Purchaser, which shall be determined in accordance with the valuation method which is set out in Schedule 8.
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Net Current Asset Value means the aggregate of (a) trade and other receivables; (b)
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Net Current Asset Value means the aggregate amount of the current assets as shown in the Accounts less the aggregate amount of the liabilities (other than issued share capital, reserves and retained profits) as shown in the Accounts such liabilities to include the ODL Debt payable by the Company.
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Net Current Asset Value the excess of (x) the sum of cash and cash equivalents, accounts receivable, inventory and prepaid expenses over (y) the sum of accounts payable and accrued liabilities, each such current asset and current liability account to be prepared consistently with the June 30, 1998 balance sheet included in the Financial Statements.
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Net Current Asset Value means the book value of the current assets included in the Purchased Assets less the current Liabilities included in the Assumed Liabilities, calculated in accordance with GAAP in a manner consistent with the past practices of the Sellers in the preparation of the Interim Balance Sheet.
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Net Current Asset Value means the sum of the book value of the trade accounts receivable, work in progress, unbilled work, prepaid expenditures and other current assets of Seller as reflected on the Final Balance Sheet (excluding any current assets included among the Excluded Assets), minus the sum of the trade accounts payable, accrued expenses, ▇▇▇▇▇▇▇▇ in excess of charges, and other current liabilities of Seller as reflected on the Final Balance Sheet, in all cases determined in accordance with GAAP.
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Net Current Asset Value means the sum of the book value of the trade accounts receivable, work in progress, unbilled work, prepaid expenditures and other current assets of Seller as reflected on the Final Balance Sheet (excluding any current assets included among the Excluded Assets), minus the sum of the trade accounts payable, accrued expenses, billings in excess of charges, and other current liabilities of Seller as reflected on the Final Balance Sheet, in all cases determined in accordance with GAAP.
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