Common use of Net Worth Clause in Contracts

Net Worth. Net Worth" shall mean the assets of a Person minus the liabilities of the Person, as of a given date as determined in accordance with generally accepted accounting principles, consistently applied with prior periods.

Appears in 5 contracts

Sources: Merger Agreement (Biomedical Technology Solutions Holdings Inc), Merger Agreement (Biomedical Technology Solutions Holdings Inc), Merger Agreement (XML Global Technologies Inc)

Net Worth. Net Worth" shall mean the assets of a Person minus the liabilities of the Person, as of a given date as determined in accordance with generally accepted accounting principles, principles consistently applied with prior periods.

Appears in 4 contracts

Sources: Merger Agreement (Skylynx Communications Inc), Merger Agreement (Skylynx Communications Inc), Merger Agreement (Skylynx Communications Inc)

Net Worth. Net Worth" shall mean the assets of a Person minus the liabilities of the Person, as of a given date as determined in accordance with generally accepted accounting principles, consistently applied with prior periods.

Appears in 4 contracts

Sources: Merger Agreement (Guardian Technologies International Inc), Merger Agreement (Southshore Corp /Co), Merger Agreement (Southshore Corp /Co)

Net Worth. Net Worth" shall mean the assets of a Person minus the liabilities of the Person, as of a given date as determined in accordance with generally accepted accounting principles, principles consistently applied with prior periods.

Appears in 2 contracts

Sources: Agreement and Plan of Exchange (Vitro Biopharma, Inc.), Merger Agreement (Vitro Biopharma, Inc.)

Net Worth. Net Worth" shall mean the assets of a Person minus the liabilities of the Person, as of a given date as determined in accordance with generally accepted accounting principles, consistently applied with prior periods.

Appears in 1 contract

Sources: Merger Agreement (MedClean Technologies, Inc.)