CURRENT BASIS Sample Clauses

The 'Current Basis' clause defines that goods or assets are being sold or transferred in their present condition at the time of the transaction, without any warranties or guarantees regarding their quality or future performance. In practice, this means the buyer accepts the item as-is, with all existing faults or defects, and cannot later claim compensation for issues that were present at the time of sale. This clause primarily serves to allocate risk to the buyer and protect the seller from future liability related to the condition of the goods.
CURRENT BASIS. A Corporate Divestiture shall be deemed to ------------- occur on a current basis upon the consummation of any of the following transactions: (i) the disposition of assets which have, on a stand-alone, non- cumulative basis, an aggregate book value not less than thirty percent (30%) of the total book value of the consolidated assets of CPC, including its equity holdings in one or more subsidiary companies; (ii) the disposition of assets which have, on a stand-alone, non- cumulative basis, generated at least thirty percent (30%) of the consolidated revenues of CPC; or (iii) the disposition of any division or subsidiary of CPC which represents a stand-alone business operation of CPC. For purposes of any clause (i) or clause (ii) calculation, the assets or revenues subject to the disposition shall be measured on the basis of the book values and revenue levels in effect for the Fiscal Year ending immediately prior to the date of such disposition.
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CURRENT BASIS. All income of the Liquidating Trust will be subject to tax on a current basis.
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CURRENT BASIS. If the Corporate Divestiture is determined on a ------------- current stand-alone basis in accordance with Section 1.12.2, then the interim payout amount shall be calculated as follows: X = (A - Z) x B, where X = Interim Payment, A = Total Interim Payout, Z = All prior interim payments made to ▇▇▇▇▇ pursuant to this ARTICLE FOUR, and A = The percentage of asset values or revenue levels (whichever is the greater) which the Corporate Divestiture represents on a stand-alone basis.
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CURRENT BASIS. The assets or revenues subject to the ------------- disposition(s) shall be measured currently on the basis of (A) the book values and revenue levels in effect for the Fiscal Year ending immediately prior to the actual disposition and (B) the cumulative impact of all other asset dispositions effected in the same Fiscal Year in which the current disposition occurs. A Corporate Reorganization shall be deemed to occur if a clause (i) or clause (ii) event is triggered on either a historical or current basis.
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Related to CURRENT BASIS

  • Market Capitalization At the time the Registration Statement was or will be originally declared effective, and at the time the Company’s most recent Annual Report on Form 10-K was filed with the Commission, the Company met or will meet the then applicable requirements for the use of Form S-3 under the Securities Act, including, but not limited to, General Instruction I.B.1

  • Target Fair Market Value The Company agrees that the Target Business that it acquires must have a fair market value equal to at least 80% of the balance in the Trust Account at the time of signing the definitive agreement for the Business Combination with such Target Business (excluding taxes payable and the Deferred Underwriting Commissions). The fair market value of such business must be determined by the Board of Directors of the Company based upon standards generally accepted by the financial community, such as actual and potential sales, earnings, cash flow and book value. If the Board of Directors of the Company is not able to independently determine that the target business meets such fair market value requirement, the Company will obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions with respect to the satisfaction of such criteria. The Company is not required to obtain an opinion as to the fair market value if the Company’s Board of Directors independently determines that the Target Business does have sufficient fair market value.

  • Current Ratio The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities under this Agreement) to be less than 1.0 to 1.0.

  • Consolidated Total Liabilities All liabilities of the Borrowers determined on a consolidated basis in accordance with GAAP.

  • Consolidated Net Worth The Company will not permit Consolidated Net Worth at any time to be less than US$165,000,000 plus the cumulative sum of 25% of Consolidated Net Earnings (but only if a positive number) for each fiscal quarter ending after June 30, 2004.