Asset Position definition

Asset Position means the difference between total assets and liabilities of the Program at the end of a given Fiscal Year as certified by an independent audit in accordance with GAAP.
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Examples of Asset Position in a sentence

  • Each Party, however, shall take all reasonable steps necessary to avoid a Negative Change in Net Assets and to avoid concluding a Fiscal Year in a Negative Net Asset Position, excluding adjustments related to GASB 68 and GASB 75, during the Term.

  • Net Asset Position means the difference between total assets and liabilities of the Program at the end of a given Fiscal Year as certified by an independent audit in accordance with GAAP.

  • In the event that Seller (or Seller's representative) disputes the calculation of Current Asset Position, Seller shall have 10 business days to so notify Buyer in writing.

  • In such event, Seller and Buyer shall agree upon an accounting firm of national reputation, who will conduct an independent review (the "Reconciliation Procedure") and deliver, with in three months of their appointment, a binding analysis of the Current Asset Position.

  • The amount so determined shall be submitted in writing to Seller, and if not subject to a Reconciliation Procedure, as defined below, the Escrow Agent (as defined below) shall return to Buyer one share of Purchaser Securities for each dollar the Current Asset Position is a deficit (referred to herein as the Deficit Adjustment Shares").

  • For purposes of this agreement, "Current Asset Position" shall mean, as of the Closing Date, the difference between (i) the sum of cash, inventory held in the ordinary course of business, and accounts receivable collectible in the ordinary course of business and (ii) current payables.

  • Furthermore, for securities deposited with the SND, this body will provide an "Asset Position Report", accompanying the statement, issued in the name of the Debenture holder by the financial institution responsible for the custody of these securities.

  • As soon as practicable after the Closing, Buyer shall determine the Current Asset Position of the Seller as of the Closing Date.

  • On the second Business Day following the delivery of the Closing Date Balance Sheet, Buyer or CQ, as the case may be, shall deliver to the other Party, in immediately available funds and pursuant to written wire instructions, the amount by which the Adjusted Net Asset Position reflected in the Closing Date Balance Sheet is greater or less than ($401,238).

  • Of the second $100,000 or less of the Positive Net Asset Position, if any, the amount due K12 will be 50% of such $100,000 or $50,000.

Related to Asset Position

  • Net Long Position means: such shares of Common Stock Beneficially Owned, directly or indirectly, that constitute such person’s net long position as defined in Rule 14e-4 under the Exchange Act mutatis mutandis, provided that “Net Long Position” shall not include any shares as to which such person does not have the right to vote or direct the vote; and the terms “person” or “persons” shall mean any individual, corporation (including not-for-profit), general or limited partnership, limited liability or unlimited liability company, joint venture, estate, trust, association, organization or other entity of any kind or nature.

  • Long Position means a buy position that appreciates in value if market prices increase. In respect of Currency Pairs: buying the Base Currency against the Quote Currency.

  • Permanent Position Any position which has required, or which will require the services of an incumbent without interruption, for an indefinite period.

  • Cash Position means the Company’s level of cash and cash equivalents.

  • Shielded position means the location within the radiographic exposure device or storage container which, by manufacturer's design, is the proper location for storage of the sealed source.