Target Net Assets definition
Examples of Target Net Assets in a sentence
The Purchase Price shall be (i) increased by the amount that the Closing Date Net Assets (as hereinafter defined), are greater than $25,099,080 (which amount is the book value of the net assets as shown on the adjusted September Balance Sheet (the "Target Net Assets"); or (ii) decreased by the amount that the Closing Date Net Assets are less than the Target Net Assets.
Table 1 Advised Funds Target Date Target Net Assets December 31, 1994 (and $950 million December 31 of each year thereafter) The Net Fee of the Administrator shall be the fee received by the Administrator from Idex Management less any reimbursement from the Administrator in connection with any applicable Fund expense limitation.
The amount of the Cash Purchase Price, as provisionally adjusted pursuant to Section 2.8A, shall be: (i) increased dollar-for-dollar by the amount that the Closing Date Net Assets are greater than $22.1 million (the "Target Net Assets"); or (ii) decreased dollar-for-dollar by the amount that the Closing Date Net Assets are less than the Target Net Assets.
For the avoidance of doubt, in no event will the Base Consideration be increased if the Estimated Net Assets exceed the Target Net Assets.
Any amount by which the Valuation Date Net Assets is less than the Target Net Assets shall constitute an adjustment to the Purchase Price and be subject to set off against any amount due from the Buyer to the Sellers pursuant to Section 2.2 (b), (c), (d), (e) and (f) or to Section 2.3.