Assumed Monetary Liabilities definition
Examples of Assumed Monetary Liabilities in a sentence
The amount which the parties contemplated as the Excess of Assets over the Assumed Monetary Liabilities is the amount which appears in Section 4.04 of the Agreement, the adjustment clause.
The two elements of the calculation are the assumed liabilities and the Excess of Assets over Assumed Monetary Liabilities.
Since the Excess of Assets over Assumed Monetary Liabilities was to be made up of the promissory note, the Special Shares and the common shares, the value of the two classes of shares is the difference between $378,021,000 and the amount of the promissory note, or approximately $234,000,000.
It is there provided that if the calculation of the Excess Assets over Assumed Monetary Liabilities based on the Closing Date Financial Statements varies by more than 2% from $378,021,000, the purchase price of the shares will be adjusted.