Acquired Current Assets definition

Acquired Current Assets means Adjusted Accounts Receivable, Assigned Security Deposits and Prepayments.
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Acquired Current Assets means the current assets of the Asset Sellers existing as of the Closing used or held for use in, or otherwise to the extent arising out of, the operation of the Acquired Business prior to the Closing, excluding, for the avoidance of doubt, any Excluded Assets, and limited to the sum of line items “Accounts Receivable (net of reserves for bad debt)”, “Inventories (net of reserves)” and “Deposits and Prepaids,” as determined in accordance with the Net Working Capital Guidelines; provided that in determining total Acquired Current Assets hereunder, all Intercompany accounts receivable and current and deferred income Taxes shall be disregarded.
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Acquired Current Assets has the meaning set forth in Section 2.1.
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Examples of Acquired Current Assets in a sentence

  • The Closing Statement shall set forth (A) Seller's good faith estimate of the Assumed Capital Lease Liabilities, Acquired Current Assets and Assumed Current Liabilities, including all line items of each, in each case as of the Closing Date, and (B) Holdco's good faith estimate of the CSR Charges as of the Closing Date.

  • The Independent Accounting Firm shall be instructed to use GAAP applied on a basis consistent with the Base Balance Sheet, provided, that (i) the assets shall include only the Acquired Current Assets and the liabilities shall include all Assumed Liabilities all in accordance with this Agreement, and (ii) all intercompany balances owed from the Businesses (or either of them) to OptiCare or any of its Affiliates (other than Seller) shall not be reflected on the Effective Date Balance Sheet.

  • Notwithstanding the above, if Buyer consents to Seller's purchase of a material capital asset in the ordinary course of business, and such purchase would cause a negative effect on the value of the Acquired Current Assets, then the value of such purchased asset will be discounted both for purposes of determining the value of the Seller's Acquired Current Assets and the Acquired Long Term Assets, as shown on the Closing Date Value Statement, calculated in the same manner as is calculated on Schedule 2.1.


More Definitions of Acquired Current Assets

Acquired Current Assets means those Transferred Assets which are current assets in accordance with GAAP, as consistently applied by Seller, including all intercompany balances owed to the Businesses (or either of them) from OptiCare or any of its Affiliates (other than Seller) for products sold and delivered.
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Acquired Current Assets has the meaning set forth in Section 1.1.4 of this Agreement.
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