Common use of Positive Net Worth Clause in Contracts

Positive Net Worth. On the date hereof the book value of the assets of the Company equals or exceeds, and on the Closing Date will equal or exceed, the sum of the liabilities of the Company .

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Vision Twenty One Inc), Stock Purchase Agreement (Vision Twenty One Inc)

AutoNDA by SimpleDocs

Positive Net Worth. On the date hereof Closing Date the book value of the assets of the Company equals or exceeds, Acquired Companies and on the Closing Date Subsidiaries will equal or exceed, exceed the sum of the liabilities of the Company Acquired Companies and the Subsidiaries.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Lasersight Inc /De), Stock Purchase Agreement (Vision Twenty One Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.