Closing Assets definition

Closing Assets has the meaning set forth in Section 16.1.

Closing Assets has the meaning set forth in Section 2.1.

Closing Assets means all Marlboro Funds actually to be delivered to Emerson at the Closing, but excluding the Gifted Housing Aid Funds. In no event shall the Allowance be treated as part of the Closing Assets.

Examples of Closing Assets in a sentence

• Returns, if permitted, related to the purchase of Store Closing Assets shall not be accepted at stores that are not participating in the Store Closing Sales.

• The Debtors and the Liquidation Consultant are authorized, but not directed, to transfer the Store Closing Assets among the Closing Stores as well as among the Debtors’ stores which are not Closing Stores.

• The Store Closing Procedures shall apply to all sales of Store Closing Assets at the Stores.

• For this purpose, any new contracts, permits, or other specified rights (or modifications to previously approved contracts, permits, and other specified rights) will require the approval of Buyer, in Buyer’s sole and absolute discretion, in order to be included in the Closing Assets or any subsequent transfer of assets.

• CLOSING ASSETS; ALLOCATION OF LIABILITIES 109 Section 16.1. Closing Assets 109 Section 16.2. Excluded Assets 112 Section 16.3. Assumption of Liabilities 113 Section 16.4. Excluded Liabilities 114 ARTICLE XVII.

More Definitions of Closing Assets

Closing Assets means, without duplication, the current assets of the Company in accordance with the Accounting Principles, including Accounts Receivable, prepaid expenses (including prepaid federal and state taxes), deferred bank fees, prepaid software licenses, prepaid insurances, long-term deposits (not included in Cash and Cash Equivalents), credit card prepayments, but excluding Cash and Cash Equivalents.

Closing Assets means all assets, net of applicable reserves, of the Business as of the Closing Date that are Purchased Assets, calculated in accordance with the Accounting Principles.

Closing Assets shall have the meaning set forth in Section 1.4(a).

Closing Assets means (without duplication) all current assets primarily related to a Contributed Vessel, (a) including (i) Capital Spares, (ii) parts and other inventory and (iii) any prepaid items for which the Company and its Subsidiaries will receive direct benefits after Closing; and (b) expressly excluding (i) all Cash Equivalents and Accounts Receivable, (ii) any prepaid insurance or other prepaid items for which the Company and its Subsidiaries will not receive direct benefits after Closing, and (iii) Tax refunds.

Closing Assets means the total assets set forth on the Company's balance sheet on the Closing Date determined in accordance with GAAP and consistent with the format of the presentation of the total assets of the Company set forth on the Audited Balance Sheet (as defined in Section 3.8), REDUCED by the balance of the prepaid interest account of the Company on the Closing Date.

Closing Assets means all assets, excluding cash, net of applicable reserves, of the Business, excluding intangible assets (such intangible assets to include, without limitation, goodwill, licenses, patents, trademarks, trade names, copyrights, capitalized software and organizational costs, licenses and franchises) as of the Closing Date that are Purchased Assets, calculated in accordance with the Accounting Principles.

Closing Assets means an amount equal to the value of all of the Assets less an amount equal to all of the Company’s Liabilities (including Company Expenses, other than Company Expenses paid at Closing pursuant to Section 1.3(a)(ii)), in each case as of the close of business on the Closing Date; as each such capitalized and underscored term in the foregoing clauses (1) through (4) is determined from and set forth with (i) the balance sheet of the Company as of the close of business on the Closing Date, as finalized pursuant to Section 1.4(c) or Section 1.4(d) (the “Closing Balance Sheet”), or