Certain Current Assets Clause Samples
The 'Certain Current Assets' clause defines which specific current assets are included or excluded for the purposes of a contract, often in the context of a business sale or financial agreement. It typically outlines categories such as cash, accounts receivable, inventory, or prepaid expenses, and may specify how these assets are valued or transferred at closing. By clearly identifying the relevant assets, this clause ensures both parties have a mutual understanding of what is being conveyed or retained, thereby reducing the risk of disputes and ensuring a smooth transaction process.
Certain Current Assets. 2.4.1. All accounts receivable (including intercompany receivables) and prepaid expenses relating primarily to the Company Business as of the Transformation Date.
2.4.2. An intercompany account (the "Intercompany Account") to be -------------------- maintained and administered by CSI as provided in the Shared Services Agreement with a balance equal to the Intercompany Amount as finally determined pursuant to Section 8.5, such Intercompany Account representing an amount (as adjusted from time to time for receivables collected and payables paid and other appropriate credits and debits) which is payable on demand by CSI to the Company in cash.
Certain Current Assets. 2.4.1. All accounts receivable (including intercompany receivables) and prepaid expenses relating primarily to the Company Business as of the Transformation Date.
2.4.2. An intercompany account (the "Intercompany Account") to be -------------------- maintained and managed by CSI as provided in the Shared Services Agreement with a balance equal to the Intercompany Amount as finally determined pursuant to Section 8.5.
Certain Current Assets. The prepaid expenses, credits, and deposits related to the Business and described in Schedule 2.1 (5) (the “Current Assets”);
Certain Current Assets. All Cash Assets and deferred tax assets of any Vendor.
Certain Current Assets. Cash, bank accounts, all and any accounts receivable or debts due to any member of the GM Group (whether or not then payable) and prepaid expenses (other than prepaid expenses specifically listed on Schedule 1.1.1.A) of the Seating Business as of Closing.