Common use of Section 17 Clause in Contracts

Section 17. 12. The Seller’s Adjusted Tangible Net Worth as of is $ (the minimum under Section 17.12 is the greater of (a) $13,500,000 or (b) $20,000,000 less the amount of the receivable owing from the Parent to the Seller.) Adjusted Tangible Net Worth GAAP Net Worth $ Minus Receivables due from Affiliates $ Excluding: Loans to SIRVA Relocation Funding, LLC -$ CMSR securitization receivable -$ Minus Intangible Assets $ Minus Assets not acceptable to Buyer $ ADJUSTED TANGIBLE NET WORTH: $

Section 17. 12. The Seller’s Adjusted Tangible Net Worth as of is $ (the minimum under Section 17.12 is the greater of (a) $13,500,000 or (b) $20,000,000 less the amount of the receivable owing from the Parent to the Seller17,000,000.) Adjusted Tangible Net Worth GAAP Net Worth $ Minus Receivables due from Affiliates $ Excluding: Loans to SIRVA Relocation Funding, LLC -$ CMSR securitization receivable -$ Minus Intangible Assets $ Minus Assets not acceptable to Buyer $ ADJUSTED TANGIBLE NET WORTH: $