Common use of Balance Sheet Items Clause in Contracts

Balance Sheet Items. At the Closing, the balance sheet of the Company shall contain the following items, (i) a cash balance of at least [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION], which amount may be increased up to [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION] in the event that the debt outstanding as set forth in item (ii) hereof exceeds [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION], in which case the cash balance will increase on a proportional basis; (ii) debt payable to Kredietbank in a total principal amount equal to a minimum of [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION] BEF and a maximum of [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION]; (iii) a book amount of intercompany accounts receivable of approximately [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION]; and (iv) the write off of goodwill in an amount approximately equal to 37,837,000 BEF and certain other balance sheet adjustments to be subsequently defined.

Balance Sheet Items. At the Closing, the balance sheet of the Company shall contain the following items, (i) a cash balance of at least [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION], which amount may be increased up to [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION] in the event that the debt outstanding as set forth in item (ii) hereof exceeds [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION], in which case the cash balance will increase on a proportional basis; (ii) debt payable to Kredietbank in a total principal amount equal to a minimum of [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION] BEF and a maximum of [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION]; (iii) a book amount of intercompany accounts receivable of approximately [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION]; and (iv) the write off of goodwill in an amount approximately equal to 37,837,000 BEF and certain other balance sheet adjustments to be subsequently defined.